Roche pays $160M up front for diabetes tech; Rexahn's antidepressant flunks trial;

 @FierceBiotech: Roche: Still looking for deals in 2010. Report | Follow @FierceBiotech

 @JohnCFierce: This Reuters story from Canada makes the U.S. IPO market for biotechs look hot--and it isn't. Report | Follow @JohnCFierce

> Rexahn Pharmaceuticals' antidepressant Serdaxin has failed an early mid-stage trial. Rexahn release

> Roche has agreed to pay shareholders $160 up front and up to $40 million to buy diabetes pump developer Medingo from Elron Electronics. The move is part of Roche's plan to increase its diabetes offerings. Roche report

> Baxter's Alzheimer's treatment Gammagard showed early promise in an Phase II trial. Baxter release

> Avraham Pharmaceuticals has raised $9 million from Clal Biotechnology Industries, Yissum Technology Transfer Company of the Hebrew University of Jerusalem, the Pontifax Fund LP, Prof. Marta Weinstock-Rosin of the Hebrew University and other investors. Report

> Organ-replacement developer Tengion 's initial public offering last week is more evidence the Philadelphia region has a leading position in developing cutting-edge drugs and therapies, a top industry official said Tuesday. Report

> Connecticut has put up half the $700,000 raised by a Branford bioscience startup that is harvesting for medical use the chemical compounds produced by soil microbes. Report

And Finally... Although printing organs and tissues may sound like science fiction, Wake Forest researchers have developed a device akin to the an office inkjet printer that can spray skin cells directly onto burn victims, quickly protecting the wound and serving as an alternative to skin grafts. Report

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