CytRx shares jump on interim brain cancer drug data; Symic raises $15M; AstraZeneca gets new IO chief;

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> Shares of CytRx ($CYTR) shot up 15% this morning after the biotech reported that interim data for its brain cancer drug aldoxorubicin demonstrated signs of success in a small Phase II study. Investigators said that the treatment "both prolonged stable disease and tumor shrinkage in several patients, including one patient who demonstrated no microscopic evidence of tumor when tissue was examined after resection, representing a complete response." Release

> San Francisco-based Symic Biomedical has garnered $15 million in Series A financing. This financing will help advance its two lead programs into clinical trials. The financing was led by Lilly Ventures, and included investors Den Danske Forskningsfond, Mitsui Global Investment, Ally Bridge Group and InCube Ventures, as well as participation by Purdue Foundry Investment Fund, Mission Bay Capital, QB3 Partners, and other individual investors. Release

> Reuters reports that AstraZeneca ($AZN) has named Robert Iannone as its new head of immune-oncology R&D, a big field for the pharma giant's comeback attempt. He replaces Rachel Humphrey, who left quietly at the end of November. Story

Medical Device News

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