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Special Report: Pharma's Biggest Flops
Special Report: Top 10 Phase III Failures of 2010
> In an intriguing new deal package, San Francisco-based Ablexis announced that a consortium of pharma companies--including five of the world's top outfits--had signed up to provide an unspecified seven-figure upfront in exchange for rights to use its AlivaMab Mouse technology for antibody discovery work. Upon delivery of the AlivaMab Mouse strains, Ablexis is entitled to receive an eight-figure payment from each consortium member, a group which includes Pfizer. Ablexis release
> In a review of its pipeline strategy, Ablynx CEO Edwin Moses told analysts that the company will hunt for new partners for its tiny antibody fragment technology, but he didn't rule out a takeover. Story
> Ariad Pharmaceuticals announced yesterday that its experimental drug ridaforolimus produced promising efficacy data in a mid-stage study for advanced uterine cancer but added that the side effects demonstrated by patients were worse than those among a group taking standard therapy. Report
>TransPharma Medical, which is developing drugs utilizing an active transdermal drug delivery technology, announced successful results of a 4-week Phase 1 trial of its new self-applied ViaDerm-hPTH(1-34) for the treatment of osteoporosis. TransPharma release
And Finally... Love really is a drug. Researchers at Syracuse University found falling in love only takes about a fifth of a second and produces the same euphoria as cocaine. Release