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July 05, 2016

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Today's Rundown

  1. Bristol-Myers Squibb buys cancer, rare disease biotech Cormorant

  2. Takeda inks another biotech pact as it pays $400M+ to TiGenix

  3. Insys to take on AbbVie with FDA approval for oral cannabinoid

  4. CStone raises $150M in Series A; gains ex-Sanofi exec as CEO

  5. MIT-based startup nabs $30M for first 3-D printed drug approved by FDA

  6. EuroBiotech: J&J bags CD28 antagonist from OSE in €155M autoimmune deal

Featured Story

Bristol-Myers Squibb buys cancer, rare disease biotech Cormorant

On something of a biotech spree in 2016, Bristol-Myers has inked a buyout deal for Sweden’s Cormorant Pharmaceuticals in an acquisition worth just north of $500 million.


Top Stories

Takeda inks another biotech pact as it pays $400M+ to TiGenix

Tuesday, July 5, 2016

Less than a week after stumping up cash for a one-drug-wonder biotech (and an option to buy it out), Japan’s Takeda has struck another biotech deal, this time with Belgium-based TiGenix.

Insys to take on AbbVie with FDA approval for oral cannabinoid

Tuesday, July 5, 2016

Insys Therapeutics has gained an FDA approval for the latest iteration of synthetic THC--a liquid formulation of dronabinol, a pharmaceutical version of tetrahydrocannabinol (THC).

CStone raises $150M in Series A; gains ex-Sanofi exec as CEO

Tuesday, July 5, 2016

China upstart CStone Pharma has raised a major $150 million in a Series A funding drive as it looks to boost its research in immuno-oncology.

MIT-based startup nabs $30M for first 3-D printed drug approved by FDA

Tuesday, July 5, 2016

This spring, Aprecia Pharmaceuticals launched the first 3-D printed pharmaceutical product to be approved by the FDA. It’s now secured $30 million in debt to aid that launch and bring forward more 3-D printed fast-melt formulations.

J&J bags CD28 antagonist from OSE in €155M autoimmune deal

Tuesday, July 5, 2016

Johnson & Johnson has exercised its option to license FR104 from OSE Immunotherapeutics. The agreement, which follows shortly after the conclusion of a Phase I trial of FR104, sees J&J commit to pay up to €155 million for the global rights to the CD28 antagonist in autoimmune diseases and transplantations.

News of Note

Israeli biotech Can-Fite BioPharma’s subsidiary, OphthaliX, missed its primary endpoint in top-line results from its Phase II clinical trial of CF101 in glaucoma. Release

Cambridge, MA-based Warp Drive Bio has appointed biotech veteran and former GlycoMimetics CEO Rachel King to its board of directors. Statement.

Ireland-based Prothena Corporation has posted new data from the Phase I/II dose-escalation and expansion study of NEOD001, its lead program as a potential disease-modifying therapy for AL amyloidosis. Release.

The FDA has accepted an NDA from Chapel Hill, NC-based Cempra for Solithera (solithromycin) as a treatment for community-acquired bacterial pneumonia. Statement.

Biogen and AbbVie’s new, once-monthly multiple sclerosis jab Zinbryta (daclizumab) has been approved in Europe. Release

Resources

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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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