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November 14, 2019___

Today's Rundown

Featured Story

Allergan pays Exicure $25M to discover nucleic acid hair loss drugs

Allergan has teamed up with Exicure to discover treatments for hair loss disorders. Exicure is set to receive $25 million upfront to apply its spherical nucleic acid technology to two collaborative programs. 

Top Stories

Bayer, Dewpoint take aim at heart disease, women's health in deal worth up to $100M

Dewpoint Therapeutics, the biotech working to drug biomolecular condensates, has struck its first big deal. It’s teaming up with Bayer on new treatments for a pair of neglected fields: heart disease and women’s health.

VistaGen fails phase 2 depression trial, sparking stock rout

A phase 2 trial of VistaGen Therapeutics’ AV-101 in major depressive disorder has missed its primary endpoint, sending shares in the nanocap biotech down 64% premarket. VistaGen responded to the failure of the ketamine-line drug by vowing to review all the data before deciding on next steps.

Avidity nets $100M to bankroll antibody-oligonucleotide conjugates for muscle disorders

Avidity Biosciences is on a roll—this year, the company inked a $35 million research deal with Eli Lilly and hired on a new CEO, Sarah Boyce. Now, it's reeling in $100 million in its series C round as it works on its lead antibody-oligonucleotide program in myotonic dystrophy.

ATAI Life Sciences, Cyclica team up for mental health JV

Biotech venture fund ATAI Life Sciences has partnered with artificial intelligence drug discovery specialist Cyclica to form a new joint venture aimed at battling mental health.

Stanford researchers pursue AnaptysBio's embattled IL-33 drug in peanut allergy

Backed by promising results from a small clinical study, Stanford University scientists are investigating the potential for treating peanut allergy with one injection of AnaptysBio’s anti-IL-33 etokimab, a drug that recently suffered a trial setback in eczema.

Thermo Fisher looks to buy fellow diagnostics maker Qiagen: Bloomberg

Thermo Fisher Scientific has begun early talks to take over Dutch diagnostics maker Qiagen, which has the potential to become one of its largest acquisitions, according to a report from Bloomberg.

Longtime Abbott chief Miles White, designer of AbbVie spinoff, bows out of CEO job

Abbott Laboratories chief Miles White will shed his CEO title next year after a 21-year run at the company's helm—and several major transformations to his credit. Taking his place will be Robert Ford, whom White elevated to president and chief operating offer a year ago.

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