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July 11, 2018

Today's Rundown

Featured Story

Novartis hands off buparlisib to China's Adlai Noryte

Adlai Noryte grabbed worldwide rights to Novartis' buparlisib, an oral PI3K inhibitor being developed for blood cancers and solid tumors that has run into toxicity issues.

Top Stories

Forbion raises €270M, EU-focused life science fund

Forbion has raised a €270 million ($316 million), Europe-focused life sciences fund. The bumper first close of the fund follows a period in which Forbion has shown a knack for picking winners.

BioCryst stockholders call off merger with Idera Pharmaceuticals

BioCryst Pharmaceuticals is once again left without a dance partner, after its shareholders voted down a proposal to merge with Idera Pharmaceuticals and form a combined rare disease company.

Scynexis’ new antifungal heads to phase 3 for yeast infections

A novel antifungal developed by Scynexis for the yeast infection vulvovaginal candidiasis has bested the current standard therapy in a midstage trial and is moving to a phase 3 program.

AstraZeneca, 4D team up to develop lung disease gene therapies

AstraZeneca and 4D Molecular Therapeutics have joined forces to develop gene therapies against chronic lung diseases. The collaboration will use 4D’s adeno-associated virus vectors to create therapies that insert genes that code for therapeutic proteins into human cells.

Cel-Sci wins 4.5-year-long arbitration case against CRO for breach of contract

Cel-Sci has emerged victorious in what it describes as the first-ever decision in favor of a pharmaceutical company over a CRO for breach of contract, following a yearslong arbitration battle with inVentiv Health, now known as Syneos Health.

Otsuka to acquire antibody developer Visterra in $430M deal

Otsuka Pharmaceutical plans to acquire previous Fierce 15 winner Visterra and its antibody engineering platform for $430 million in cash. Otsuka is looking to build out proprietary drug discovery and development efforts across its programs, including in nephrology and other difficult diseases.

Pfizer’s bow to Trump won’t just hit its own prices—it will put a chill on hikes, period

With a tweet and a phone call, President Donald Trump convinced one of the giants in pharma to retreat on price increases, at least temporarily. The upshot? It’s not good news for other price-hiking drugmakers.

Resources

[Whitepaper] eClinical Landscape Study - CRO Report from Tufts Center for the Study of Drug Development

See results from the Tufts eClinical Landscape Study – CRO Report on current data management practices, goals, and challenges for contract research organizations (CROs).

[Survey] 2018 eClinical Technology Solutions Survey

Take this anonymous 10-minute survey to share your thoughts on leading eClinical technology solutions and earn up to $55 honoraria. Take the survey now!

[Whitepaper] Digitizing the Global Life Sciences Supply Chain: The Critical Role of Digital Transaction Management

Life science companies are experiencing a significant transformation in how they bring new products to market.

Events

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