N30 raises $30M for cystic fibrosis drug; Ironwood lands $15M milestone from Astellas; Ikaria partners on China;

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> Boulder, CO-based N30 Pharmaceuticals has raised $30 million in mezzanine financing for their work on cystic fibrosis. The biotech is working on a clinical program for N91115, a novel inhibitor of S-nitrosoglutathione reductase. New investors include Wellington Management, RA Capital Management, LLC, Jennison Associates LLC (on behalf of certain clients), Rock Springs Capital Management LP, and Sabby Management, LLC, who joined existing investor, Deerfield Management Company. Release

> Ironwood ($IRWD) picked up a $15 million milestone from Astellas, its partner in Japan on linaclotide. The payment was triggered by Astellas' recruitment of the first patient for a Phase III study. Release

> Hong Kong-based Lee's Pharmaceutical has struck a deal to partner with Ikaria on Inomax for the Chinese market. The therapy is designed to treat hypoxic respiratory failure associated with pulmonary hypertension in term and near-term infants greater than 34 weeks gestational age. Release

Medical Device News

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@VarunSaxena2: Smith & Nephew closes U.S. facility, sells another in U.K. with 100+ to be laid off. More | Follow @VarunSaxena2

@EmilyWFierce: More on how the Cystic Fibrosis Foundation's deal with Royalty Pharma could affect R&D and patients. NYT story | Follow @EmilyWFierce

> Smith & Nephew closes a facility in the U.S., sells another in the UK, 100+ to be laid off. More

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Pharma News

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@CarlyHFierce: U.K. health secretary: Novartis holding government to 'ransom' with Bexsero pricing. FierceVaccines article | Follow @CarlyHFierce

> Court shoots down Ranbaxy's bid to block rival Nexium and Valcyte generics. More

> So long, patent cliff. Hello, hep C and cancer. Welcome to $1.3T in global drug spending. Article

Vaccines News

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Pharma Manufacturing News

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