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November 28, 2016

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Today's Rundown

  1. J&J approaches $20B-valued Actelion about takeover deal

  2. Kymab raises $100M to take antibodies into the clinic

  3. Chugai licenses out early-stage cancer candidate to Menarini

  4. GSK chases FibroGen's lead as anemia drug daprodustat starts Phase III

  5. Mixed late-stage data for Santen eye drug, but still plots FDA submission

  6. Edwards strikes $690M deal to buy Valtech Cardio

  7. Does a Trump presidency mean changes for pharma advertising?

Featured Story

J&J approaches $20B-valued Actelion about takeover deal

Actelion has confirmed Johnson & Johnson approached it about a possible acquisition. The news sent Actelion’s market cap up toward $20 billion as expectations that the perennial takeover target could finally accept a buyout bid rose.


Top Stories

Kymab raises $100M to take antibodies into the clinic

Kymab has raised $100 million (€94 million) to fund the advance of its lead candidates into the clinic. The Series C round, which attracted new Chinese investors, brings the total raised by the early-stage British antibody specialist up to $220 million.

Chugai licenses out early-stage cancer candidate to Menarini

Japanese biopharma Chugai, majority owned by Roche, has licensed out an early oncology prospect to Italy’s Menarini Group.

GSK chases FibroGen's lead as anemia drug daprodustat starts Phase III

The race to develop a more "natural" way to boost red blood cells in anemia patients has stepped up a gear, now that GlaxoSmithKline has started pivotal trials of its daprodustat candidate.

Mixed late-stage data for Santen eye drug, but still plots FDA submission

Osaka-based Santen has seen some positives mixed with some negatives for its phase 3 ophthalmology program, but believes it has enough to warrant an NDA with the U.S. regulator.

Edwards strikes $690M deal to buy Valtech Cardio

Edwards Lifesciences has penned a deal to buy Valtech Cardio for up to $690 million, less than the heart valve company looked set to be acquired for last year. The new agreement will see Edwards pay $340 million in stock and cash upfront and up to $350 million in milestones to acquire Valtech and its system for transcatheter repair of the mitral and tricuspid valves.

Does a Trump presidency mean changes for pharma advertising?

Donald Trump’s surprise presidential win has many industry executives taking a wait-and-see approach, including those in advertising. However, pharma company advertisers may not have as much to be wary about, according to industry executives interviewed by FiercePharma.

News of Note

Cancer biotech Galera Therapeutics has seen a $15 million boost from new investor Sofinnova Ventures, bumping up its Series B to $57 million. Release

Epizyme has been given an FDA fast-track tag for work on tazemetostat in patients with relapsed or refractory DLBCL with certain mutations. Statement

Acadia's former CSO Dr. Roger Mills has become the new chief medical officer of Addex Therapeutics. Release

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