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November 10, 2016

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Today's Rundown

  1. Bristol-Myers pens $100M NASH, fibrosis drug deal with Japan’s Nitto

  2. AstraZeneca gives up on durvalumab head and neck cancer early filing plans

  3. FDA lifts clinical hold on Adaptimmune cancer trial

  4. Novavax swings the ax after late-stage failure for its RSV F vax

  5. Evotec, Oxford ally to speed academia-industry transition

  6. From FierceMedicalDevices: IBM Watson, Broad Institute team up on $50M cancer drug resistance project

  7. From FierceCRO: Axiogenesis in stem cell collab with ion channel expert Metrion

  8. From FiercePharma: AZ's pressured diabetes and respiratory drugs lag, triggering Q3 sales miss

Featured Story

Bristol-Myers pens $100M NASH, fibrosis drug deal with Japan’s Nitto

Bristol-Myers Squibb is beefing up its fast-growing fibrosis portfolio after paying $100 million upfront to Japanese biopharma Nitto to develop and sell its early-stage liver-scarring candidate--as well as an option to buy into other antifibrotic meds.


Top Stories

AstraZeneca gives up on durvalumab head and neck cancer early filing plans

Alongside its Q3 results today AstraZeneca announced that it was dropping plans to gain an early regulatory review for its checkpoint inhibitor durvalumab in head and neck cancers.

FDA lifts clinical hold on Adaptimmune cancer trial

The FDA has removed the partial clinical hold it placed on an Adaptimmune trial in August. The move clears Adaptimmune to start enrolling patients with myxoid round cell liposarcoma in a trial of its GlaxoSmithKline-partnered NY‑ESO T-cell therapy.

Novavax swings the ax after late-stage failure for its RSV F vax

Two months ago Novavax announced that its Phase III RSV F vaccine flopped fantastically, and now, with a sense of inevitability, it has announced a “corporate restructure.”

Evotec, Oxford ally to speed academia-industry transition

Evotec and the University of Oxford have teamed up to bridge the gap between academic research and industry. The initiative will offer funding and access to Evotec’s drug discovery platform to projects that are an experiment or two away from being ready to be spun out into biotech startups or outlicensed.

IBM Watson, Broad Institute team up on $50M cancer drug resistance project

IBM Watson is kicking off another oncology partnership, this time with the Broad Institute of MIT and Harvard University. The $50 million tie-up will have the pair examining genome data from 10,000 drug-resistant tumors and cell line studies, with the goal of understanding the drivers behind cancer drug resistance and developing new treatments.

Axiogenesis in stem cell collab with ion channel expert Metrion

Induced pluripotent stem cell specialist Axiogenesis AG has partnered with ion channel CRO Metrion Biosciences to develop human iPSC-derived cardiomyocytes and neurons for drug discovery applications.

AZ's pressured diabetes and respiratory drugs lag, triggering Q3 sales miss

AstraZeneca’s top line got hit hard in Q3, and much of the pain came from plummeting Crestor sales. But the British drugmaker had underperformance in a couple key therapy areas to blame, too.

News of Note

Merrimack is, according to sources speaking to Reuters, on the brink of selling off some of its assets, or signing a licensing deal. Story

Micro cap Anthera has seen its experimental lupus med blisibimod narrowly fail a late-stage study after not hitting its primary endpoint, prompting its shares to fall 20% premarket. Release

Amgen has signed a collab deal with Janssen that will see the pair co-fund tests using Kyprolis and Darzalex in patients with multiple myeloma. Statement

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