Tag: biotechnology
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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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Autoimmune Therapy Developer Raises $23M in Early Funds
18 December 2014. Padlock Therapeutics, a biotechnology company creating treatments for diseases where the immune system attacks the body, gained $23 million in its first venture funding round. Financing for the Cambridge, Massachusetts enterprise was led by Atlas Venture, with participation from Index Ventures, MS Ventures, and Johnson & Johnson Development Corporation, the company’s venture…
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Janssen, Biotech Partner on Drug Delivery Technology
17 December 2014. Halozyme Therapeutics, a biotechnology company in San Diego, is licensing its drug delivery technology for under-the-skin injections to Janssen Biotech, one of the Janssen Pharmaceutical companies and a division of Johnson & Johnson. The deal is expected to bring Halozyme up to $581 million in initial and milestone payments. Halozyme develops synthetic…
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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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Chikungunya Virus Antibody Isolated, Tested
10 December 2014. Researchers from biotechnology company Integral Molecular and Blood Systems Research Institute identified and tested with lab animals a human antibody that limits viral activity causing chikungunya, a mosquito-borne disease spreading in the Western hemisphere. The team led by Integral Molecular CEO Benjamin Doranz published its findings in this month’s issue of Journal…
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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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Yale Univ, Organovo to Develop 3-D Print Transplant Tissue
3 December 2014. Yale University and Organovo Inc. in San Diego are collaborating on development of synthetic tissue produced on three-dimensional printers for research on transplants in humans. Financial details of the partnership were not disclosed, but Yale and Organovo say the project is funded by the Methuselah Foundation. Organovo designs and produces human tissue…
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Genome Editing Company Licenses University Technologies
1 December 2014. Editas Medicine, a Cambridge, Massachusetts start-up, licensed technologies developed by the company’s scientific founders and others that allow for editing the human genome to create new therapies. Financial terms of the exclusive licensing deals with Harvard University, MIT, Massachusetts General Hospital, and Duke University were not disclosed. Editas Medicine, founded in 2013,…
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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…