In an industry first, Johnson & Johnson has collaborated with the NYU School of Medicine to create a panel of experts who will evaluate pleas for access to its experimental meds. And it's being chaired by Arthur Caplan, a nationally recognized bioethicist who has long advocated for a better approach in handling compassionate-use requests.
Surface Oncology, an immunotherapy-focused startup from Atlas Venture, has poached AstraZeneca's former chief cancer strategist to serve as its CEO, beating a path toward clinical development.
Gilead Sciences has moved into epigenetic research by acquiring EpiTherapeutics for $65 million (€57 million) in cash. The deal gives it access to science originated at a team headed by Kristian Helin, a lauded oncology epigenetics expert and founder of Denmark's Biotech Research and Innovation Centre.
Verseon has made the contrarian decision to go public in London. The California biotech opted against listing on Nasdaq in favor of London's AIM, on which it raised $100 million from Neil Woodford and other investors.
José-Carlos Gutiérrez-Ramos, Pfizer's prominent head of BioTherapeutics R&D in Cambridge, MA, is leaving the pharma giant and jumping into the booming biotech world, prompting a promotion inside the multibillion-dollar research group.
A couple of months ago, AbbVie pointed to its late-stage cancer drug venetoclax (ABT-199) as a prime reason it was willing to pay a dizzying $21 billion in order to acquire Imbruvica-maker Pharmacyclics. Matching the blood cancer blockbuster with its experimental therapy would help amp up its market reach, said AbbVie. And the FDA has now boosted that argument with its breakthrough therapy designation for venetoclax, possibly opening the door to a swifter approval path.
Vertex Pharmaceuticals has made a major difference--and a lot of money--in cystic fibrosis with its targeted treatments, drugs tailored for patients with particular genetic defects. But upstart Spyryx Biosciences believes it may have discovered a way to treat all forms of CF with a single therapy, and the company raised $18 million in Series A cash to advance the idea.
Editas Medicine CEO Katrine Bosley joins FierceBiotech Radio to discuss gene editing, the Biogen alumni network and life in biotech's boomtown.
Galapagos has increased the amount it hopes to raise in its upcoming Nasdaq IPO to $230 million (€203 million) after AbbVie placed a provisional order for a $30 million stake. The order adds a subplot to the ongoing speculation about whether AbbVie will take up its $200 million option to buy into Galapagos' rheumatoid arthritis program or acquire the company outright.
Oxford BioMedica has secured a $50 million (€45 million) loan, half of which it will take out immediately to expand its laboratory and manufacturing facilities. The first tranche of money will help OXB service its CAR-T alliance with Novartis.
Themis Bioscience has raised €7 million ($7.8 million) and reshaped its board of directors as it prepares to start mid-phase trials and step up its partnership strategy. Wellington Partners led the round, which gives Themis the money to move its Chikungunya vaccine candidate into Phase II.
Indivior has impressed with its first notable news since it spun out of Reckitt Benckiser late last year. The specialty pharma company reported that its schizophrenia drug RBP-7000 met the primary endpoint in a Phase III trial, moving it a step closer to its goal of winning FDA approval in 2017.
As market watchers wonder whether Gilead Sciences is on the verge of a blockbuster buyout, the Big Biotech inked a small deal that will beef up its efforts in the growing field of epigenetics.
Adaptimmune Therapeutics, at work on cancer treatments that harness the body's natural defenses, pulled off a $191.3 million IPO, riding onto Wall Street amid investor exuberance for immuno-oncology.
Eli Lilly is the latest multinational drugmaker looking to Cambridge, MA, to jump-start its innovation engine, blueprinting a new R&D outpost on the Charles River as biotech's hippest neighborhood gets more and more crowded.
U.K. biotech Kymab has added Neil Woodford and the newly launched Malin to its who's-who syndicate of investors, adding $50 million to its B round and accelerating its pipeline.
Alexion jumped into the M&A game today, striking a deal to acquire the rare-disease biotech Synageva for $8.4 billion in cash and stock in a deal that gives shareholders a big premium and the industry another example of the fast-rising valuations in the biotech world.
Shares of Ardelyx plunged in after-market trading Tuesday after the AstraZeneca partner conceded failure in a Phase IIa study of its troubled lead drug.
In the little more than two years since its launch, Symbiomix Therapeutics has successfully navigated a midstage study for a sole-asset antibiotic, positioning it for a Phase III start in Q2. And now it's ready to jump out of stealth mode as it prepares for a make-or-break move for an anti-infective that has been in use for years--just not in the U.S.
Alder BioPharmaceuticals is touting more mid-stage success for its in-development inflammation treatment, scouting for a deep-pocketed partner to pick up where ex-collaborator Bristol-Myers Squibb left off.