The private equity group announced this morning that it will buy out Medpace, continuing an M&A trend that has spurred a sizable shakeout of the CRO business in recent years. With outsourcing growing increasingly popular in the biopharma industry, the financiers are finding some significant upside in buying--and then selling--CROs.
San Diego startup CURx has paid an undisclosed sum to license an antiobitic developed by Gilead, planning to launch a Phase III trial on the drug to treat lung infections in cystic fibrosis patients.
A European Medicines Agency committee has recommended approval for another COPD treatment from GlaxoSmithKline, setting the stage for a likely nod in the coming months as the drugmaker looks to bolster its respiratory franchise.
Carlsbad, CA's Isis Pharmaceuticals is touting mid-stage results for its in-development spinal muscular atrophy treatment, setting its sights on a Phase III study and sending its shares up about 15%.
Ariad Pharmaceuticals has appointed a former Carl Icahn acolyte to its board of directors, giving in to the activist investor after downing a poison pill to fend off any hostile advances. Now, amid some loosely founded chatter about its M&A potential, the bruised biotech could be in for another shakeup.
Incyte doesn't get the respect it deserves, according to CEO Hervé Hoppenot, and, after about a month on the job, the biotech's new chief is hyping his company's pipeline as worthy of more attention and, more important, a higher stock price.
The execs at Merck KGaA have been hinting around for months now that they're interested in doing some sizable deals to build up the drug R&D side of the business at the conglomerate. And CEO Karl-Ludwig Kley helped feed the rumor mill on Friday with his boast that the company has deep enough pockets to pull off a multibillion-dollar buyout without straining.
The FDA accepted Merck's application for V503, a next-generation HPV vaccine designed to usurp Gardasil, setting the stage for a near-term approval and some likely blockbusting sales figures.
Investigators at Memorial Sloan Kettering Cancer Center have been pioneering the use of genetically modified T cells to fight cancer. And to underscore the potential of this technology, which they have used to help start up the high-profile Juno Therapeutics, new human data has produced another round of jaw-dropping outcomes from a small but influential study.
When Furiex posted positive Phase III data on its lead drug, the biotech did everything just short of posting a "for sale" sign in its front yard to signal its intentions as its market cap more than doubled in a matter of hours. Now, in case you missed the signals, Bloomberg is reporting its sources are saying that the company has signed on with Bank of America to engineer a deal.
Raptor Pharmaceutical's investigational Huntington's disease drug helped delay the progression of the brain-deteriorating disorder in a subset of patients, the company said, news that sent the biotech's shares soaring despite some lingering concerns with the data.
Patient groups are a potent force in the Duchenne muscular dystrophy field, where parents are known to take a vocal role in pushing regulators to help biotechs advance new therapies for the lethal genetic condition. Now one of those parents, J.P. Morgan vet Ilan Ganot, has reportedly been raising some serious cash to do deals on early-stage therapies that can be rushed through clinical development.
A new wave of biotech investors is learning just how risky the drug development game can be. Onconova, which went public last year with the big class of 2013, says that its late-stage study of rigosertib for high-risk myelodysplastic syndromes failed to achieve a statistically significant improvement in overall survival compared to standard supportive care.
Novartis said its in-development skin cancer drug aced a Phase II study, completely eradicating the disease in some patients, and now the company plans to loop in regulators, possibly signaling an early FDA application for the treatment.
LONDON--AstraZeneca's top brass can't wait to start rubbing shoulders with scientists at its planned corporate campus in Cambridge, U.K. So the pharma giant has opted to send an advance team of scientists ahead to get the creative juices flowing early on.
After a high-profile breast cancer failure bit into its potential sales, Eli Lilly's ramucirumab aced a Phase III study in lung cancer, renewing hopes that the star of the drugmaker's oncology pipeline can still deliver on its promise.
On the same day it announced a $55 million E round, California biotech Versartis filed to go public in an $80 million IPO, planning to use its fast-growing bank account to get a promising orphan therapy through late-stage trials.
Rep. Rosa DeLauro's recent letter to the FDA criticizing expedited approval pathways designed to accelerate the commercialization of innovative treatments does not capture the role of FDA's expedited approval programs in speeding therapies to patients suffering from unmet medical needs and faced with few or no medical alternatives.