Five Prime Therapeutics has tapped into its existing management to replace current president and CEO Rusty Williams.

Forge Therapeutics and Evotec have launched a discovery platform to develop novel antibiotics targeting metalloenzymes.

Just months after its $80 million IPO, AnaptysBio is looking to raise another block of cash and accelerate development of its lead drug for eczema.

French biotech Biophytis has raised the funds it needs to start midstage trials of two drugs for age-related diseases via a private placement.

Intra-Cellular Therapies raised its target of $150 million, which will help it prepare for an FDA filing for lumateperone in schizophrenia next year.

U.K. biotech NeRRe Therapeutics has decided to streamline its R&D portfolio by setting up a brand-new company focusing on women’s health.

Alexion is slashing its workforce by around 20% and closing sites in a bid to save $250 million a year, with R&D bearing the brunt.

The stock exchange has given Auris until Oct. 2 to meet the stockholders’ equity requirement.

Financials