Amgen is getting aggressive with one of its midstage leukemia drugs. In its earnings call with analysts the big biotech's R&D chief called out blinatumomab, saying that recent Phase II data might warrant an early approval.
Roger Perlmutter is back. About a year after the Amgen R&D chief was squeezed out in a top-level reshuffling at the big biotech, Merck says they have tapped him to run the Big Pharma's research house, which has been consuming $8 billion a year without a lot to show for it.
Not to be left out of the M&A rush, Amgen said this morning that it will buy German/U.S. cancer drug developer Micromet ($MITI) for $1.16 billion in cash. At $11 a share, the deal gives its
Amgen, the world's largest biotech, is firing up another deal to advance its expanded emphasis on cancer drug development. The biotech Micromet says that Amgen has become its latest major partner in
While there's a way to go in proving the mettle of the drug, Micromet's experimental antibody blinatumomab wiped out cancer cells in nine of 12 patients with relapsed acute lymphoblastic leukemia
Bethesda, MD-based Micromet has agreed to buy out MedImmune's North American rights to blinatumomab, a potential treatment for lymphoma and leukemia. As a result of the buyout, Micromet now controls
In a big endorsement of Micromet's approach to developing antibodies for cancer, Sanofi-Aventis has signed off on a $475 million deal that starts small but can lead to a series of rich prices for the
In a new sign that investors may be warming to biotech stock offerings, Micromet has outlined plans to raise between $70 million and $80 million from the sale of up to 16.1 million shares. The news
Bethesda, MD-based Micromet has closed its previously-announced $40 million private placement financing. Index Ventures Growth, Abingworth, DAFNA Capital Management and Merlin Nexus participated in
It may be an early-stage study, but Micromet's antibody drug blinatumomab is showing promise for non-Hodgkin's lymphoma patients. In a Phase I study, all seven participants responded to the drug,