Tag: clinical trials
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Lilly, Biotech Partner on Fast-Acting Insulin Analog
19 December 2014. The pharmaceutical company Eli Lilly and Company and biotechnology company Adocia are collaborating on commercial development of Adocia’s fast-acting synthetic insulin product. Adocia, based in Lyon, France, can gain as much as $570 million in the deal, not counting royalties on future sales. Adocia develops enhanced formulations of protein-based therapies either on…
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Juno Therapeutics Raises $265 Million in IPO
19 December 2014. Juno Therapeutics, a biotechnology company spun-off from research labs in Seattle and New York, raised some $265 million yesterday in its initial public stock offering. The Seattle enterprise developing cancer therapies that harness the immune system issued 11 million shares of common stock priced at $24.00, and trades on the Nasdaq exchange…
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Pfizer, Opko Partner on Growth Hormone Drug
16 December 2014. The pharmaceutical company Pfizer is licensing an engineered compound to treat human growth hormone deficiency in adults and children from Opko Health Inc., a provider of therapeutics and diagnostics. The deal has a potential value to Opko of $570 million, plus royalties from sales. Opko Health, based in Miami, offers drugs and…
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Nanomedicine Developer Secures $7.5M Venture Funds
15 December 2014. Cristal Therapeutics, a developer of medications formulated as nanoscale particles, raised more than €6 million ($7.5 million) in early-stage venture funds. The financing round for the company, based in Maastricht, The Netherlands, was led by Chemelot Ventures, with current seed investors Thuja Capital, BioGeneration Ventures, Nedermaas, Utrecht University Holding, and Beheer Innovatiefonds…
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Trial Testing Blood Filter Device for Hepatitis C Virus
11 December 2014. Aethlon Medical Inc. is beginning patient recruitment for an early-stage safety and feasibility study of its blood filtration device with patients in kidney dialysis who also have hepatitis C. The San Diego medical device developer plans to test the Hemopurifier device at DaVita Medical Center in Houston. Patients with kidney disease needing…
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Pfizer, Biotech Partner on Hemophilia B Gene Therapy
8 December 2014. Spark Therapeutics, a biotechnology firm in Philadelphia, is collaborating with the pharmaceutical company Pfizer to commercialize Spark’s gene therapy technology as a treatment for hemophilia B. Spark Therapeutics can gain as much as $280 million in the deal that involves sharing worldwide rights to Spark’s technology for hemophilia B with Pfizer. Hemophilia…
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Analytics, Genomics Companies Partner on Cancer Therapies
3 December 2014. Flatiron Health, a health care data-analytics firm, and the genomics analysis company Foundation Medicine are developing automated tools to better design cancer treatments matching patients’ molecular profiles, particularly for testing new therapies in clinical trials. Financial aspects of the collaboration were not disclosed. Foundation Medicine, in Cambridge, Massachusetts — founded by scientists at…
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AstraZeneca, Lilly Begin Alzheimer’s Drug Trial
1 December 2014. The pharmaceutical companies AstraZeneca and Eli Lilly and Company began enrolling patients in a clinical trial testing an experimental treatment for Alzheimer’s disease. The intermediate and late-stage trial aims to recruit some 1,550 patients in 15 countries to test safety and effectiveness of the drug code-named AZD3293 against a placebo with patients…
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Type 2 Diabetes Technology Licensed in $1 Billion Deal
12 November 2014. Intarcia Therapeutics Inc., developing a drug and delivery mechanism to treat type 2 diabetes, licensed its technology to the pharmaceutical company Servier in a deal with a potential value of $1 billion. The agreement gives Servier exclusive rights to Intarcia’s diabetes treatment technology to regions outside of the U.S. and Japan. Intarcia’s…
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Trial Shows Engineered Antibody Relieves Psoriasis
11 November 2014. A late-stage clinical trial shows a monoclonal antibody, a type of engineered biological therapy, cleared more people of the skin condition plaque psoriasis than a placebo or a competitive treatment. The biologic drug, brodalumab, is developed by the biotechnology company Amgen and pharmaceutical maker AstraZeneca. Plaque psoriasis is the most common type…