Trimeris' shareholder calls for sale of developer

Once one of the Triangle's most promising drug developers, Trimeris' largest shareholder is demanding that the company drop just about everything and focus on selling itself. "We are not in favor of strategic transactions other than those involving a sale of the business," wrote HealthCor in a letter dated Feb. 1. To make that point as clear as possible, HealthCor is asking for two seats on the board of directors. Trimeris' AIDS drug Fuzeon had been touted as a big seller, but disappointing sales punctured the optimism.

- read the article from the Charlotte News & Observer

Suggested Articles

Denali is partnering with Biogen on its Parkinson's disease program, netting a $560 million upfront fee and a $465 million investment.

In the first half of 2020, the regenerative medicine sector raised $10.7 billion, more than the total it raised in 2019.

The trial linked RG6346 to reductions in hepatitis B surface antigen that suggest the RNAi therapy can hold its own against drugs from J&J and Vir.