Merck KGaA R&D subsidiary Merck Serono will provide $35 million over four years to fund a dedicated unit that will apply the Belgian biotech's "Nanobody" approach to all of Merck's core disease areas, including oncology, immuno-oncology, immunology and neurology. The unit will work on new programs through in vivo proof of principle.
The success of MenAfriVac shows vaccines can be developed outside Big Pharma's walls, but, in most cases, the cost of late-phase trials is too great for charities. Recognizing this, JPMorgan Chase and the Bill & Melinda Gates Foundation have set up a Big Pharma-backed investment fund.
Struggling gene sequencer Pacific Biosciences saw its stock rocket upward in the wake of a diagnostics development deal with industry giant Roche that's worth as much as $75 million, closing at $5.98 on Sept. 25, a jump of more than 72.8%.
Shares of Oncothyreon soared this morning after its partner Merck KGaA said it would take a second swipe at trying to find some value in Stimuvax, the cancer vaccine (now renamed tecemotide) that has already decisively flunked a Phase III trial.
BioTime, the Alameda, CA-based maker of a hydrogel technology for drug delivery, signed an exclusive sublicense agreement with Jade Therapeutics to allow the Utah company to use the hydrogel in its own sustained-release treatments for the eye.
No deal terms were announced, but X-Chem says the pharma giant grabbed a drug aimed at an oncology PPI target, a respiratory/inflammation PPI target, and an antibacterial target.
A day after AbbVie unveiled an $840 million tie-up to develop a new anti-inflammatory therapy, the pharma company is continuing its deal spree today with a $405 million discovery pact on cystic fibrosis with Belgium's Galapagos.
Catalent has partnered up with Supernus Pharmaceuticals to supply the generics maker's extended-release epilepsy drug, a product the companies say has a chance to snag a share of a big market.
AbbVie has whipped out the checkbook to close a partnership with Belgian antibody specialist Ablynx on one of its lead programs, paying $175 million upfront and promising up to $665 million more in milestones in exchange for a next-gen approach to rheumatoid arthritis that could eventually succeed Humira.
CRO inVentiv Health has struck up two deals to expand its offerings, launching a policy-focused joint venture and a partnership aimed at clinical trial site selection.