Tag: pharmaceuticals
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Biogen Idec, Columbia to Partner on Genetics Research
9 January 2015. Biotechnology company Biogen Idec and Columbia University in New York are collaborating on research into genetic causes of disease that aims to uncover targets for new treatments and help in the early stages of producing those treatments. The partnership is valued at $30 million, but timetable, intellectual property, and further financial details…
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Trial Shows Synthetic Insulin Reduces Alzheimer’s Symptoms
9 January 2015. A clinical trial shows a synthetic form of insulin delivered with a nasal spray can improve memory functions of people with mild cognitive impairment and early Alzheimer’s disease. Results of the study led by gerontology professor Suzanne Craft of Wake Forest Baptist Medical Center in Winston-Salem, North Carolina appear in an advance…
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Biotech Licenses Cell Research for Ebola Treatments
8 January 2015. H&P Labs, a biotechnology company in Montreal, is licensing research on cell proteins at a lab affliated with Harvard University to develop into treatments for Ebola. Financial details of the agreement were not disclosed. The current Ebola outbreak in Africa that began in March 2014 totals 20,747 cases resulting in 8,235 deaths,…
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Fertility Science Company Raises $115 Million in IPO
8 January 2015. OvaScience Inc., a developer of fertility treatments using a woman’s early-forming egg cells, issued its initial public offering of common stock, raising some $115 million. The Cambridge, Massachusetts company that trades on the NASDAQ exchange under the symbol OVAS, issued 2.3 million shares yesterday priced at $50.00. At 12 noon on 8…
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Biotech, Device Maker Partner on Retinal Disease Therapy
7 January 2015. GenSight Biologics, a Paris-based biotechnology company, and Pixium Vision, a developer of vision restoration systems also in Paris, are collaborating with a French vision and hearing foundation to design a therapy for people with retinitis pigmentosa, a genetic disorder causing people to lose their vision over time. The project is funded by…
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Novartis Licensing Biotechs’ Gene-Editing Technologies
7 January 2015. Pharmaceutical maker Novartis is licensing technologies from two biotechnology companies that enable the editing of human genomes to cure disease. Financial details of the agreements with Caribou Biosciences Inc. in Berkeley, California and Intellia Therapeutics in Cambridge, Massachusetts were not disclosed, but involve equity investments, initial payments and research support, and milestone…
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Genentech, 23andMe to Analyze Parkinson’s Genome Data
6 January 2015. Personal genomics company 23andMe plans to analyze the genomes of 3,000 of its clients to discover new Parkinson’s disease drug targets for biotechnology company Genentech, a division of the pharmaceutical company Roche. Financial terms of the deal were not disclosed. 23andMe, in Mountain View, California, provides genetic ancestry testing services, but also…
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Gilead Acquires Biotech Liver Disease Therapies
6 January 2015. Biopharmaceutical company Gilead Sciences bought an experimental drug to treat non-alcoholic liver diseases from Phenex Pharmaceuticals AG, a German biotechnology firm. Gilead, in Foster City, California, is expected to pay Phenex up to $470 million for the drug. Under the deal, Gilead acquires Phenex’s work developing a drug that binds to and…
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RNA Therapies Company Gains $450M in Venture Funds
5 January 2015. Moderna Therapeutics, a developer of medications that use genetic material to produce therapeutic proteins in the body, raised $450 million in its third announced venture financing round. The Cambridge, Massachusetts biotechnology company says existing investors AstraZeneca and Alexion Pharmaceuticals joined with new participants Viking Global Investors LP, Invus, RA Capital Management, and…
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Amgen, Kite Pharma Partner on Personal Cancer Immunotherapy
5 January 2014. The biotechnology companies Amgen and Kite Pharma are developing personalized cancer treatments harnessing the immune system in a deal combining Amgen’s targets with Kite Pharma’s cell therapies. The agreement is expected to bring up to $525 million in milestone payments plus sales royalties to each company, as well as an upfront payment…