Cytori shares soar on Pacific Rim cell therapy pact; Biocartis raises €30M; OncoMed earns $15M milestone;

Biotech News

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@DamianFierce: EW's long-running misfortunes continue with a Class I recall of a bypass device. Story | Follow @DamianFierce

> San Diego-based Cytori Therapeutics ($CYTX) says it has forged a $531 million licensing deal covering its cell therapy technology. A Beijing-based company called Lorem Vascular is providing a $24 million upfront equity purchase along with an order for its Celution devices. Not much is known about Lorem Vascular and its web page is little more than the company name with a brief description of its operations. Cytori says that Lorem will pay up to $500 million in milestones for a 30-year pact covering the region. The biotech's shares soared 65% on the news. Release

> The European diagnostics company Biocartis has raised  €30 million in a Series E round. Release

> Redwood City, CA-based OncoMed ($OMED) has earned a $15 million milestone from Bayer, which launched a Phase Ia study of OMP-54F28, an antagonist of the Wnt pathway. Release

> Germany's Evotec AG has forged a research collaboration with the Leukemia & Lymphoma Society. Release

> ADC Therapeutics has licensed antibodies from Five Prime. Release

Medical Device News

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> Infraredx raises more cash to back imaging system ramp-up. Story

> Medtronic, Boston Scientific unleash patent fight at Supreme Court. More

Pharma News

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> Novartis eyes animal health sale as first slim-down move: Bloomberg. Story

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Pharma Manufacturing News

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> Developer pitches plan for Boston R&D and manufacturing complex. News

> Stalling biosimilars give Roche confidence to reopen Genentech plant. Report

> Novartis puts OTC unit and its troubled plant on second tier of sale priorities. Item

> FDA outlines plan to incentivize high-quality manufacturing. Article

Biotech Research News

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> Prana compound restores learning, memory loss in mice. Article

> Fewer NIH grants affected by sequestration than initially projected. News

> Sage molecule could treat a wide range of CNS disorders. Report

> Study: Genetics drive neurocognitive decline in aging. More