Not long after after a mid-stage trial failure blasted its stock value and forced the company to lay off most of its staff, a troubled GlobeImmune has brought in Cantor Fitzgerald to advise the biotech on its "strategic options"--which may signal that a fire sale is in the offing.
GlobeImmune, reeling from a costly clinical failure, secured a commitment from long-time partner Celgene to collaborate on a new cancer immunotherapy.
Two weeks after GlobeImmune conceded that its Gilead-partnered hepatitis B vaccine had flunked out of a key Phase II study, the Louisville, CO-based biotech said it laid off "the majority" of its staff.
GlobeImmune's in-development vaccine for hepatitis B missed the mark in a Phase II trial, marring the value of a program licensed to Gilead Sciences.
Three more biotechs are aiming for IPOs amid a frenzy of public offerings in the industry. Agile Therapeutics, Aldeyra Therapeutics and GlobeImmune are hoping to raise a combined $132 million.
Three more drug developers are angling to go public in the waning days of a bustling first quarter for biotech IPOs, swinging for a combined $133 million to bankroll their programs. Agile Therapeutics, Aldeyra Therapeutics and GlobeImmune have all queued up for Wall Street debuts, hoping 2014's bull market lasts long enough to pull off offerings.
After repeated delays, Colorado immunotherapy developer GlobeImmune has finally called it quits on plans to raise up to $74.8 million in an IPO, citing poor market conditions amid a prolonged boom in biotech debuts.
GlobeImmune has detailed plans for a $69 million IPO, aiming to rally public investors to back development of its therapeutic vaccines.
GlobeImmune is hoping to ride the new wave of enthusiasm over immunotherapies to a successful IPO designed to raise up to $69 million.
Biodesix, a Boulder, CO-based company developing diagnostics based on mass spectrometry technology, has found a proteomic signature after its analysis of a clinical trial of GlobeImmune's GI-4000 cancer vaccine in pancreatic cancer.