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February 13, 2017

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Today's Rundown

  1. VenBio slams timing, terms of Immunomedics’ $2B deal

  2. Early win means phase 3 test is on the way for Axovant's dementia drug

  3. Akebia in HIF compounds play with Johnson & Johnson

  4. [Sponsored] Mitotech eyes novel approach to treating Dry Eye Disease

  5. Ferring strikes pact to use Foresee controlled-release tech

  6. Cold Spring Harbor scientists discover protein driver of prostate, lung cancer

  7. Proxy fight survivor Stada entertains suitors for potential $3.7B buyout

Featured Story

VenBio slams timing, terms of Immunomedics’ $2B deal

VenBio has criticized the timing and terms of Immunomedics’ licensing deal with Seattle Genetics. The investment fund has accused Immunomedics of rushing through a “poorly constructed deal” to sway shareholder opinion ahead of the upcoming fight for control of the biotech’s board.


Top Stories

Early win means phase 3 test is on the way for Axovant's dementia drug

Positive results in a first crop of patients treated with its dementia drug have encouraged Axovant to start preparing for a phase 3 study.

Akebia in HIF compounds play with Johnson & Johnson

Johnson & Johnson has outlicensed its portfolio of hypoxia-inducible factor to Cambridge, Massachusetts-based Akebia as the biotech boosts its early-stage pipeline.

[Sponsored] Mitotech eyes novel approach to treating Dry Eye Disease

An aging population, an ever increasing amount of time viewing digital devices and a growing trend in eye diseases are all factors expected to fuel a global increase in Dry Eye Disease.

Ferring strikes pact to use Foresee controlled-release tech

Ferring Pharmaceuticals has struck a deal with Foresee Pharmaceuticals. The agreement will see Ferring fund development of a long-duration peptide drug based on Foresee’s delivery technology and potentially pick up the resulting asset if it meets expectations.

Cold Spring Harbor scientists discover protein driver of prostate, lung cancer

A protein called PTEN is often called an “anticancer” protein, because it prevents tumor cells from growing out of control. Scientists at Cold Spring Harbor Laboratory have discovered that another protein protects PTEN, and that a deficiency in this protective mechanism could be the driving force behind some cases of prostate cancer, lung cancer and other tumor types.

Proxy fight survivor Stada entertains suitors for potential $3.7B buyout

Last year, Stada weighed a buyout to fend off an activist shareholder. Now, nearly six months after touting a proxy battle victory, it’s weighing offers—and this time may find itself at the center of a bidding war.

News of Note

Inovio and ApolloBio penned a $50 million development and sales deal for HPV pre-cancer immunotherapy VGX-3100 in China. Release

Sage Therapeutics will push on with SAGE-217 in a placebo-controlled midstage test in major depressive disorder after seeing "positive signals" from a small, open-label trial. Statement

Alzheon is set to post new data and analyses for ALZ-801 at the upcoming International Conference on Alzheimer’s and Parkinson’s Disease. Release

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[Whitepaper] Ensuring the Greatest Return From Your Poorly Soluble Molecule

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