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NicOx shares plunge on Pfizer trial failure

Shares of France's NicOx tumbled 38 percent after Pfizer announced that it would not advance their Read more...

Rituxan fails (again) in late-stage lupus trial

Genentech and Biogen Idec were taking it on the chin this morning after researchers announced that Rituxan had failed in a later-stage trial as a therapy for lupus. The failure won't harm the Read more...

Nuon gets $27M to fund a mid-stage trial

Frazier Healthcare Ventures and Domain Associates have joined forces to lead a $27 million Series B for Nuon Therapeutics, a San Mateo, CA-based developer working on new therapies for autoimmune and Read more...

Drug work completed, Theravance cuts 40% of staff

Theravance announced that it is cutting 40 percent of its workforce now that it has finished work on its antibiotic telavancin. Telavancin is currently undergoing FDA review: in March the FDA Read more...

Pfizer, Avant ink $440M cancer vax deal

Avant Immunotherapeutics is pocketing a $40 million upfront fee and a $10 million equity stake from Pfizer in exchange for the worldwide rights to Avant's experimental brain cancer vaccine. And Read more...

On a spree, Roche lands $175M deal for Piramed

Roche snapped up the UK's Piramed today in a $175 million deal that includes a $15 million milestone payment--the latest in a series of new acquisitions. Roche gets Piramed's programs involving Read more...

Introgen gets positive Phase III Advexin data

Introgen Therapeutics announced that a preliminary analysis of a late-stage trial of Advexin confirmed their mid-stage efficacy data for patients with recurrent head and neck cancer. And researchers Read more...

Eisai drug flunks Parkinson's trial

Eisai's has halted development of Perampanel (E2007) for Parkinson's after the drug failed a late-stage trial. Compared with placebo, E2007 didn't show a significant difference in the primary Read more...

ALSO NOTED: Antisoma gets $25M milestone; Takeda pays out retention bonuses; and much more...

> Novartis has kicked off a late-stage trial of ASA404 combined with first-line chemotherapy in non-small cell lung cancer, triggering a $25 million milestone payment to Antisoma. Read more...