Today's Rundown ‘Trick or Treat?’ Analysts react to Biogen’s aducanumab surprise Rapt Therapeutics revives IPO, files to raise $75M Novartis bets $80M on Pliant's preclinical NASH prospect [Sponsored] Advancing Site-Sponsor Relationships Evotec brings early stage accelerator model to Israel After phase 3 bust, Lilly cans pancreatic cancer program for Armo buyout drug Amgen CFO David Meline, overseer of major restructuring, to retire Featured Story | | | Wednesday, October 23, 2019 Biogen stunned investors and analysts alike on Tuesday when it said it would file its Alzheimer's medaducanumab for approval, despite canning two phase 3 studies for the drug after a futility analysis. Now that the dust has settled, what are analysts saying? |
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Top Stories Wednesday, October 23, 2019 Second time might be the charm for Rapt Therapeutics, which filed to raise up to $75 million in its IPO after postponing an earlier attempt in August. This move comes after the company renamed itself and filed its initial S-1 form with plans to reap up to $86 million in its Nasdaq debut. Wednesday, October 23, 2019 Novartis has put up $80 million to land the global license to Pliant Therapeutics’ preclinical nonalcoholic steatohepatitis (NASH) asset and three additional candidates. The NASH drug, PLN-1474, is a small molecule inhibitor of integrin αVβ1 Pliant thinks can reduce the growth of fibrotic tissue in the liver. Monday, October 21, 2019 Clinical trials involve massive complexity and, often, systems that lack consistency and discipline. With a new perspective to an old problem, WCG coordinates the execution of six proven strategies to dramatically and consistently bring clinical studies to launch faster and at a lower cost. Wednesday, October 23, 2019 Evotec has expanded its model for accelerating early-stage academic research to Israel. The creation of the latest outpost of the BRIDGE model sees Evotec team up with Integra Holdings and Yissum to help researchers at the Hebrew University of Jerusalem translate their work. Wednesday, October 23, 2019 Eli Lilly is canning the lead program for the crown jewel of its $1.6 billion Armo Biosciences buyout after the drug put up a poor showing in pancreatic cancer. The Big Pharma said it was ending the phase 3 study of pegilodecakin in its third-quarter earnings presentation. Wednesday, October 23, 2019 In the second half of 2014, Amgen initiated a major overhaul aimed at cutting costs and boosting R&D activities. Now, the chief financial officer tapped on the eve of the revamp is set to bid adieu after successfully turning around the big biotech's financial numbers. | | Better than the other transgenics.
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