EntreMed raises $10.7M; Merck KGaA rules out big M&A deals;

 @FierceBiotech: Aastrom lands a new CEO in a game of musical biotech chairs. News | Follow @FierceBiotech

@JohnCFierce: I'd be willing to bet that Perlmutter has a couple of billion-dollar deals--like BioVex/Micromet--up his sleeves. Merck needs PhIII assets. | Follow @JohnCFierce

@RyanMFierce: I wonder whether Perlmutter will keep plugging away at CETP and other questionable Merck programs. | Follow @RyanMFierce

> EntreMed is raising $10.7 million from Kleiner Perkins Caufield Byers China Fund II L.P. and IDG-Accel China Growth Fund III L.P. Report

> Merck KGaA's CFO has ruled out any big acquisitions this year. Story

> The U.K.'s PolyTherics has received an undisclosed milestone payment from Celtic Pharma Holdings after reporting "further progress on their hematology alliance to produce longer-acting versions of blood factor proteins." Release

Pharma News

@FiercePharma: On 2nd thought: U.K. cost agency backs Novartis asthma drug Xolair. New discount, new analyses, NICE says. More | Follow @FiercePharma

@EricPFierce: Impax handed a 12-page Form 483 for a California plant by FDA. Plant must get OK before FDA will consider Impax NDA. Story | Follow @EricPFierce

> Israel should brace itself for Teva job cuts, analysts say. Report

> Sales reps, don your badges. We'll be watching you. More

> Glaxo chief loses half his incentive pay, cutting total to $5.86M. Story

Medical Device News

 @FierceMedDev: DBS helped some anorexia patients eat more. Item | Follow @FierceMedDev

 @MarkHFierce: Fierce 15 company Nevro just closed $48M in Series C financing. Yet ANOTHER robust device funding round. Release | Follow @MarkHFierce

 @DamianFierce: Illumina, SynapDx ally to develop autism diagnostic tools. Article | Follow @DamianFierce

> Renal denervation: Medtronic reaches for broader patient population. Article

> On second thought, Boston Scientific will unveil all Watchman data. News

> Stomach cancer breath Dx performs well in human tests. More

Pharma Manufacturing News

> Merck to close plant in Ireland. News

> Teva manufacturing cuts may have to involve home turf. More

> Ajinomoto buying biologics CMO Althea. Report

Vaccines News

> Sequester cuts set to hit vaccines. Report

> Study pins cancer vaccine failures on self-sabotaging adjuvant. Story

> GSK lawsuit shows risks of vaccine outsourcing. More

> Novartis encouraged by typhoid vaccine progress. Article

And Finally… Investigators say that even mild trauma can quickly kill brain tissue, raising the need for better therapies. Release

 

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