> France's Ipsen has agreed to pay $30 million to license GTx's Acapodene for all indications except breast cancer in Europe. Acapodene is in Phase III for cancer prevention. Report [1]
> An FDA advisory committee has recommended that the agency expand the approval of Pfizer's Fragmin to include the prevention of blood clots in cancer patients. Report [2]
> The newly renamed Caden Biosciences raised $5.85 million in venture capital and is moving to Wisconsin. Report [3]
> Metastatix, an Atlanta-based biopharmaceutical company developing small-molecule drugs to treat cancer and HIV, announced today it has raised a $3.6 million Series A financing round. Release [4]
> The Wall Street Journal provides a blow-by-blow account of Bristol-Myers Squibb's disastrous campaign to hold onto Plavix. CEO Peter Dolan comes in for a large portion of the blame. Article [5]
> Sanofi-Aventis has pulled its marketing application for the heart arrhythmia therapy Multaq following last month's FDA rejection and fresh competition from generic Plavix. Report [6]
> Chutes & Ladders: Celsion CEO Lawrence Olanoff has resigned to return to Forest Labs as COO. CFO Anthony Deasey will be interim CEO. Report [7]
> Zestra Laboratories of Charleston, SC has raised $6 million in a private placement. Release [8]
> A federal appeals court has ruled that Mylan Laboratories did not infringe on J&J's patent of a urinary incontinence therapy. Report [9]
And Finally… Better therapies and earlier interventions are helping drive down the rate of deaths from cancer in the United States, with the biggest declines for men. Article [10]
Links:
[1] http://www.forbes.com/markets/feeds/afx/2006/09/07/afx2998991.html
[2] http://www.forbes.com/entrepreneurs/feeds/ap/2006/09/06/ap2998145.html
[3] http://www.madison.com/tct/business/index.php?ntid=97714&ntpid=4
[4] http://www.genengnews.com/news/bnitem.aspx?name=5513076
[5] http://online.wsj.com/article/SB115716250362552502.html?mod=health_hs_pharmaceuticals_biotech
[6] http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-09-07T073939Z_01_L07837922_RTRIDST_0_HEALTH-SANOFIAVENTIS-MULTAQ-UPDATE-1.XML&rpc=66&type=qcna
[7] http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-09-07T125959Z_01_WNAS6654_RTRIDST_0_HEALTH-CELSION-CEO-URGENT.XML&rpc=66&type=qcna
[8] http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060907005233&newsLang=en
[9] http://today.reuters.com/news/articleinvesting.aspx?type=governmentFilingsNews&storyID=2006-09-06T152500Z_01_WBT005907_RTRIDST_0_HEALTH-MYLAN-INCONTINENCE-URGENT.XML
[10] http://www.heraldnet.com/stories/06/09/07/100wir_a3cancer001.cfm