Nile Therapeutics CEO takes token pay in cash crunch; Vivo Ventures invests $30M in China company;

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> The CEO at the tiny biotech Nile Therapeutics has slashed her pay to a token sum as the company scrambles to raise fresh funds. In a recent SEC filing Nile noted that it only had enough cash to make it through this month, according to a piece in the San Francisco Business Times. Story

> Vivo Ventures has invested $30 million in Shanghai Jingfeng Pharmaceutical. The move follows a decision to boost its investments in China with its seventh fund. Story

> Washington University researcher David Curiel has joined the scientific board at DNAtrix after merging his company with the Houston-based ovarian cancer drug developer. Story

Pharma News

@FiercePharma: Congressional hearings on the meningitis debacle to begin next week. FDA's Hamburg on the sked: Report | Follow @FiercePharma

> Teva shunts Americas chief aside in management shuffle. Article

> Bristol-Myers to slash 480 sales-related jobs in NJ. Story

> AbbVie raises $14.7B for spinoff in record bond issue. News

Medical Device News

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 @MarkHFierce: FDA warns the maker of a light therapy product designed to treat fungal meningitis that the product is unapproved. More | Follow @MarkHFierce

 @DamianFierce: Myriad Genetics is raising its full-year guidance after a strong quarter. More | Follow @DamianFierce

> FDA cites Tennessee company for meningitis light therapy device. Item

> St. Jude chases renal denervation market share with new study. Report

Biotech Research News

> Failed AstraZeneca drugs gain second chance with $11M U.K. program. News

> UC Davis team finds new lung cancer Rx target. Article

> 'Abdominal imaging window' lets researchers crack cancer metastasis secrets. Story

> Scientists wield stem cells to undo male infertility inflicted by cancer treatment in monkeys. More

Pharma Manufacturing News

> India's price-setting agency prepares for plant inspections. Story

> Sigma-Aldrich gets foothold in S. Korea with API deal. Article

> German Bayer partners with Russian drug manufacturer. News

And Finally… New research underscores the idea that some commonly used medications can trigger serious memory loss. Release

 

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