Today's Rundown Gilead strikes $4.9B Forty Seven acquisition, paying a hefty premium for cancer drug Former Biogen CEO Scangos to be BIO'S COVID-19 czar: report Waksal's bid for Redx ends, forcing biotech to avert cash crunch Immunocore raises $130M to fund pivotal cancer program Akrevia no more, Xilio Therapeutics bags $101M for I-O programs FDA allows coronavirus testing outside the CDC and before agency review UPDATED Coronavirus tracker: U.S. outbreak escalates; Trump to meet with pharma companies Featured Story | Monday, March 2, 2020 The takeover will give Gilead control of midphase anti-CD47 antibody magrolimab that delivered data that impressed investors late last year. |
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| Top Stories Sunday, March 1, 2020 The chief executive of infectious disease biotech Vir, George Scangos, has been handed the reins to lead the biotech industry’s battle against the novel coronavirus COVID-19. Monday, March 2, 2020 Sam Waksal’s attempt to buy Redx Pharma has fallen apart. The failure of a company set up by the once-jailed biotech executive to close a deal led Redx to turn to Redmile for the cash to keep going until next month. Monday, March 2, 2020 Immunocore has raised a $130 million (€117 million) series B round, ending its long wait for fresh funding. The British biotech made waves in 2015 with a $320 million series A but reportedly had to slash the near-unicorn valuation it achieved back then to get the latest round off the ground. Monday, March 2, 2020 As it gears up to move its immuno-oncology programs into the clinic, Akrevia Therapeutics has reeled in a $100.5 million series B and changed its name to Xilio Therapeutics to mark its transition from a research-focused company to an R&D-stage one. Sunday, March 1, 2020 To broaden capacity and access to coronavirus diagnostics in the U.S., the FDA issued a new policy over the weekend allowing “high-complexity” laboratories—such as certain academic medical centers and other institutions—to develop and operate their own tests. Wednesday, February 12, 2020 As the global outbreak rolls on, U.S. case confirmations grew over the weekend and into Monday. Now, former FDA commissioner Scott Gottlieb says to expect "mitigation steps" such as school closings and transportation restrictions in certain areas. Enrollment Showcase | Presented by: Global EMBA for Healthcare & the Life Sciences, University of Toronto Prepare to step up in your career, build the expertise you need to reshape your organization, and explore opportunities worldwide. |
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