Swiss biotech Novimmune has closed a $66 million B round to bankroll its broad pipeline of monoclonal antibodies, and one of the company's lead investors told a local newspaper that it's considering going public to further finance its projects.
Theraclone Sciences was hoping for a federal cash infusion to keep its anti-influenza antibody program rolling, but a denial from the government will force the biotech to handle Phase II on its own.
Less than a year after striking a $1.1 billion antibody development deal with French drugmaker Servier, the Rockville, MD-based biotech has snagged a $10 million milestone for dosing the first patient in an early-stage study of their tumor-targeting drug MGA271.
Back in 2007 when Japan's Eisai agreed to pay $325 million in cash for the U.S.-based Morphotek, the pharma company had high hopes for the biotech's pipeline-leading drug focused on ovarian cancer. But those hopes could not live up to a pivotal test as farletuzumab, also known as MORAb-003, failed to hit a statistically significant goalpost for progression-free survival.
In the hunt to develop targeted drugs against plaque psoriasis, Amgen and Eli Lilly reported positive study results.
Bidding to up its game in the antibody business, the U.K.'s Abcam has snapped up California-based Epitomics for $155 million.
Xoma ($XOMA) has rung in 2012 with major cutbacks and organizational changes. The Berkeley, CA-based biotech company aims to axe 84 jobs or 34% of its work force by the end of the first quarter with
In another sign of just how hot antibodies have become in the rheumatoid arthritis arena, Abbott is plunking down $85 million up front and promising up to $385 million more to partner with Germany's
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
Monoclonal antibodies are designed to seek out and destroy particular cancer cells, no matter where they're found in the body. According to the market research firm Kalorama Information, a new group