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July 07, 2017

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Today's Rundown

  1. O’Connor resigns as CEO of Advaxis with immediate effect

  2. Sanofi partner Zealand files for IPO to fund drug approvals

  3. Capricor yo-yos as Johnson & Johnson dumps stem cell partnership

  4. Zebra strikes deal to bring AI image analysis to Asia, Africa

  5. Axonics snags another $20M+ in oversubscribed series C

  6. EuroBiotech Report—Brexit, BioNTech success, GlaxoSmithKline inks AI deal, Silence takes Alnylam to court and Shire makes cuts

  7. FiercePharmaAsia—Celgene’s $1.4B Beigene deal, Fosun chairman’s whereabouts, Neopharma’s expansion

  8. Chutes & Ladders—Stada CEO, CFO quit after buyout failure

Featured Story

O’Connor resigns as CEO of Advaxis with immediate effect

Daniel O’Connor has resigned as CEO of Advaxis. The cancer immunotherapy biotech has put CBO Tony Lombardo in charge while it searches for a permanent successor to O’Connor.

Top Stories

Sanofi partner Zealand files for IPO to fund drug approvals 

Zealand Pharma has become the latest European biotech to file for a Nasdaq IPO. The Sanofi-partnered peptide specialist is seeking about $86 million (€75 million) to take its treatments for insulin shock and short bowel syndrome through clinical trials and up to registration.

Capricor yo-yos as Johnson & Johnson dumps stem cell partnership

After three and a half years, Johnson & Johnson is ducking out of a partnership with Capricor Therapeutics focused on the use of stem cells to treat cardiovascular disease.

Zebra strikes deal to bring AI image analysis to Asia, Africa

Zebra Medical Vision has teamed up with India’s Teleradiology Solutions to bring its AI-enabled image analysis system to 20 countries in Asia and Africa. The agreement will see Zebra’s medical image analyzing algorithms pushed to up to 150 hospitals around the world.

Axonics snags another $20M+ in oversubscribed series C

Axonics Modulation Technologies raised $20.5 million in the second closing of its series C financing, which will give the company a boost as it prepares for FDA submission.

EuroBiotech Report—Brexit, BioNTech success, GlaxoSmithKline inks AI deal, Silence takes Alnylam to court and Shire makes cuts

In this week's EuroBiotech Report, U.K. Brexit hopes take shape, BioNTech posts cancer vaccine data, GlaxoSmithKline pens an AI pact and more.

FiercePharmaAsia—Celgene’s $1.4B Beigene deal, Fosun chairman’s whereabouts, Neopharma’s expansion

Celgene is buying Chinese firm Beigene’s PD-1 inhibitor BGB-A317, Fosun's stock slides as rumors about its chairman emerge again, Neopharma is making a series of expansions in Japan and Abu Dhabi, and more.

Chutes & Ladders—Stada CEO, CFO quit after buyout failure

Stada replaced its CEO and CFO as Bain and Cinven prepare for a second buyout bid, ex-Alexion chief David Hallal joined Scholar Rock as chairman, CRISPR-Cas9 player Caribou named a University of Berkeley alumni as CSO. Plus more hirings, firings and retirings throughout the industry.

News of Note

Georgia public health head Brenda Fitzgerald has been named as the new leader for the Centers for Disease Control and Prevention. Reuters article

RNAi biotech Alnylam Pharmaceuticals and Sanofi Genzyme have started their Atlas phase 3 program for fitusiran, across three separate trials, including for patients with hemophilia A and B. Release

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Events

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