Foundation inks cancer genomics pact with AstraZeneca; MethylGene raises $26M; Merck offers interim results on melanoma drug;

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> Cambridge, MA-based Foundation Medicine has inked its ninth industry collaboration on cancer genomics, and it's another marquee player. AstraZeneca ($AZN) will put Foundation Medicine's technology to use in search of discovering genomic alterations that could help direct its R&D efforts. Foundation-a 2012 Fierce 15 company-gains first rights to negotiate on new diagnostics. "This collaboration with Foundation Medicine will help us to identify tumour-specific defects and alterations that can be used for patient segmentation," said AstraZeneca's Susan Galbraith. Release

> MethylGene has raised $26.1 million in a private placement. Release

> Merck ($MRK) says that interim results from a mid-stage study of MK-3475 in advanced melanoma revealed a 41% partial response rate among patients. No complete responses were found. Release

> Aeterna Zentaris has launched the Phase II portion of its ongoing Phase I/II study in castration- and taxane-resistant prostate cancer (CRPC) with AEZS-108. Release

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And Finally… Investigators say that combining PI3-kinase and PARP inhibitors may be the best approach for treating triple-negative breast cancer. Release

 

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