China's Cocoon rolls out a $720M fund to back U.K. biotechs; AbbVie teams up with MD Anderson on immuno-oncology;

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> Two major Chinese investors are backing Cocoon Networks' $720 million fund to back tech startups in Europe, with biotech and med devices ranking as top focuses. The U.K.'s tech scene--which has been steadily gaining a new group of biotech investors--is likely to get a lot of Cocoon's interest. China Equity Group and Hanxin Capital are both backing the fund. "The fund will provide capital to help the development of some excellent technology and innovative projects in London and the UK," says Cocoon CEO John Zai. "The fund and incubator program will bring awareness for more Chinese investors to get into London's booming technology sector. It will also help many companies grow and expand into China." Release

> AbbVie ($ABBV) announced this morning that it is tying up with the immuno-oncology experts at MD Anderson in Houston on looking for new ways to rev up an immune system attack on cancer. Like others in the field, AbbVie is looking for some expert guidance to help advance new drugs into the clinic. "AbbVie has both identified new molecules and developed novel technology to hit key targets, with the objective of designing new immunotherapy for the benefit of patients," said Dr. Padmanee Sharma, immunotherapy platform scientific director and professor of Genitourinary Medical Oncology and Immunology at MD Anderson. Release

Medical Device News

@FierceMedDev: IBM bets its future on machine learning and Watson Health. Article | Follow @FierceMedDev

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> GSK, Qualcomm rumored to form $1B med tech joint venture. Report

> Pelvalon launches vaginal insert for nonsurgical treatment of fecal incontinence. Story

> bioMérieux's bioTheranostics unit embarks on solo act with $32M in tow. Article

Pharma News

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@EricPFierce: Poland says Mylan halted production at Agila Specialties plant after inspectors found issues. FiercePharmaManufacturing report | Follow @EricPFierce

@CarlyHFierce: Novartis extends lead on psoriasis rivals with a pair of new Cosentyx approvals. FiercePharma article | Follow @CarlyHFierce

> Glaxo CEO: Consumer health can stand on its own, but don't expect a quick spinoff. Story

> U.K. competition watchdog targets pharma for 'substantial fines.' Article

CRO News

> Parexel moves to buy a pharma consulting firm. News

> Catalent extends its clinical supply biz into Japan. More

> BioClinica buys into cost management with its latest deal. Report

> Biosimilars developer Celltrion taps Medidata for trial tech. Story

> French CRO Biotrial tries to move forward after disastrous clinical study. Article

Pharma Manufacturing News

> China ingredient maker's plant found in 'devastated state' by authorities. News

> Catalent expanding Japanese manufacturing site to offer clinical services. Item

> FDA says microbial contamination found at Montana Compounding. Report

> FDA bans products from another Chinese plant. Story

> Pfizer reportedly striking deal with Polysan for Russian production. Article

Pharma Asia News

> Japan's Daiichi Sankyo, Coherus become players in Enbrel biosimilar race. More

> China FDA plowed through trial and new drug applications in 2015, commissioner says. Report

> Japan's Chiyoda plans on big growth in drug plant building. Story

> AstraZeneca survives Onglyza compulsory license challenge in India. Article

> Medical reps in India face the boot from doctors' offices. Report

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