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December 07, 2016

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Today's Rundown

  1. AbbVie’s phase 2 PARP study misses survival endpoints; hopes rest on bigger phase 3

  2. China is narrowing the U.S. lead in cancer research

  3. Neurimmune, TVM setup ALS biotech, secure support of Eli Lilly unit for advance toward clinical proof of concept

  4. Regulus adds two more projects to pipeline as it works to get lead hep C drug back on track

  5. Nordic Nanovector bags $60M for Rituxan combo phase 2

  6. Voluntis scores U.S., EU nods for Type 2 diabetes management software

  7. Charles River opens CRISPR arm with licensing deal from Broad Institute amid patent brawl

  8. U.K. watchdog smacks Pfizer with record fine, citing a 2,600% price hike

Featured Story

AbbVie’s phase 2 PARP study misses survival endpoints; hopes rest on bigger phase 3

AbbVie missed its survival targets in a new midstage trial of its PARP breast cancer candidate veliparib in combo with chemo, but the company is still hopeful its med can win out in an ongoing, larger late-stage study.


Top Stories

China is narrowing the U.S. lead in cancer research

Chinese researchers are publishing more than three times as many research papers on cancer topics than they were a decade ago, closing the gap with their U.S. counterparts.

Neurimmune, TVM set up ALS biotech, secure support of Eli Lilly unit for advance toward clinical proof of concept

Neurimmune and TVM Capital Life Science have partnered to create and fund a single-asset biotech focused on amyotrophic lateral sclerosis. The biotech, AL-S Pharma, plans to work with Eli Lilly unit Chorus to take a human monoclonal antibody targeting misfolded SOD1 to proof of concept.

Regulus adds two more projects to pipeline as it works to get lead hep C drug back on track

MicroRNA specialist Regulus has bulked up its pipeline with two new clinical candidates for liver and kidney diseases that could start human trials next year.

Nordic Nanovector bags $60M for Rituxan combo phase 2

Nordic Nanovector has raised $60 million in an oversubscribed private placement. The cash injection will enable Nanovector to test its CD37-targeting antibody-radionuclide conjugate (ARC) in combination with rituximab, better known as Roche’s cancer powerhouse Rituxan.

Voluntis scores U.S., EU nods for Type 2 diabetes management software

French digital health player Voluntis announced twin approvals on Tuesday, snagging a CE mark and FDA clearance for its management device for Type 2 diabetics who are treated with basal insulin.

Charles River opens CRISPR arm with licensing deal from Broad Institute amid patent brawl

Charles River Laboratories has launched CRISPR/Cas9 services through a licensing deal with the Broad Institute, as a dispute over ownership of the gene-editing technology gathers pace.

U.K. watchdog smacks Pfizer with record fine, citing a 2,600% price hike

The U.K. government slapped Pfizer with a record price-gouging fine for triggering a 2,600% price increase on an epilepsy drug by "deliberately exploiting" a loophole in the country's price-control rules. Pfizer "refutes the findings" and says it will appeal.

News of Note

On the back of some strong early data out of ASH this week, Bluebird Bio has started a $250 million public offering of its common stock. Release

Boehringer says it has found "clinically meaningful" data for its oral med nintedanib, which is already on the market for several conditions, in the aggressive, asbestos-related lung cancer mesothelioma. Statement

Novartis' former head of the Swiss pharma's now-dwindling cell and gene therapies Usman “Oz” Azam has become the new CEO at Tmunity Therapeutics. Release

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