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July 01, 2016

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Today's Rundown

  1. KaloBios emerges from bankruptcy, raises $14M in recap

  2. Munshi performs weight loss surgery at Arena as it cuts 73% of staff

  3. Ampio shares in retreat on second failed osteoarthritis PhIII

  4. Single-asset biotech Altos gains Takeda R&D backing; future takeover promise

  5. Opko snaps up microcap Transition for $60M to gain GLP-1/glucagon dual agonist

  6. EuroBiotech Report: Merck KGaA, Pfizer back Cambridge oncology spinout

  7. Chutes & Ladders: FDA names Pazdur to lead new cancer initiative

Publisher's Note

Fierce will be taking a long weekend and won’t be sending its publications on Monday, July 4th. This includes FierceBiotech, FiercePharma and FierceMedicalDevices, as well as FierceAnimalHealth, FierceBiotechIT and FiercePharmaMarketing, which will arrive Tuesday instead. Thanks for reading, and enjoy the weekend!



Featured Story

KaloBios emerges from bankruptcy, raises $14M in recap

Six months after filing for bankruptcy late last year, the long-troubled KaloBios Pharmaceuticals has emerged from bankruptcy. It’s gotten a recapitalization done, complete with an infusion of $14 million, and in-licensed a lead candidate that keeps it focused on neglected and rare diseases.



Top Stories

Munshi performs weight loss surgery at Arena as it cuts 73% of staff

Friday, July 1, 2016

He’s only been Arena’s president and CEO for two months, but biotech vet Amit Munshi is wasting no time getting to know his new staff as the company announces a culling of 100 U.S. workers and (another) shift in focus.

Ampio shares in retreat on second failed osteoarthritis PhIII

Friday, July 1, 2016

Déjà vu at Ampio Pharmaceuticals as its shares tumbled by 61% yesterday after it posted new data showing its knee osteoarthritis drug once again failed to hit its primary endpoint.

Single-asset biotech Altos gains Takeda R&D backing; future takeover promise

Friday, July 1, 2016

Tiny Californian biotech Altos Therapeutics has won the backing of Japanese Big Pharma Takeda to help it move forward with its one and only candidate--with a sweetened buyout deal also on the cards.

Opko snaps up microcap Transition for $60M to gain GLP-1/glucagon dual agonist

Thursday, June 30, 2016

Opko Health has paid up a little--very little, in fact--to get what it sees as the most advanced clinical candidate in the new class of GLP-1/glucagon receptor dual agonists. It did a $60 million, all-stock deal to acquire microcap Transition Therapeutics.

EuroBiotech Report: Merck KGaA, Pfizer back Cambridge oncology spinout

Thursday, June 30, 2016

Merck KGaA, Pfizer invest in cancer biotech, Evotec teams up for NASH project and Cytune bags cash for oncology trial. And more.

Chutes & Ladders: FDA names Pazdur to lead new cancer initiative

Thursday, June 30, 2016

FDA named Dr. Richard Pazdur as its interim head for the Oncology Center of Excellence. Plus more hirings, firings and retirings throughout the industry.




News of Note

Former Biogen SVP of corporate affairs Daniel McIntyre has been snapped up by Flagship Ventures as a partner, strategic communication. Release

San Diego cancer biotech Ignyta has secured a $42 million term loan facility from Silicon Valley Bank and Oxford Finance. Statement

Boulder, CO-based Array BioPharma has submitted an NDA for its experimental binimetinib in patients with advanced NRAS-mutant melanoma to the FDA. Release

Australia’s Mesoblast has announced plans for an early data readout on its Phase III chronic heart failure trial. Statement

Cambridge, MA-based Alnylam posts new results from its investigational RNAi programs in Hereditary Transthyretin-Mediated Amyloidosis with Polyneuropathy and Cardiomyopathy. Release

Flagship Ventures has set out to raise a $350 million opportunities fund. SEC filing

Austin, TX-based XBiotech has signed an agreement with Megapharm to market Xilonix in Israel. Release

 


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[Whitepaper] The Remarkable Rebirth of Cancer Immunotherapy

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Al Blunt, MD, Executive Medical Director, Oncology at Covance discusses how the lessons learned from the past decade of developing targeted therapies are relevant to the future development of cancer immunotherapy. Download today!

[Whitepaper] Complimentary IDMP Report from Gartner

Sponsored by: Veeva Systems


Gartner research on short- and long-term strategies for IDMP compliance.


Events

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