Tag: licensing
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Crop Biotech Acquires Genomic Engineering Technology
29 July 2015. Calyxt Inc., a biotechnology company developing new varieties of food crops, is licensing technology from University of Minnesota for more efficient modification of plant genomes. Financial details of the agreement between Calyxt, in New Brighton Minnesota, and the university were not disclosed. Calyxt — until recently known as Cellectis Plant Sciences —…
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Allergan Acquires Depression Therapy Developer for $560M
27 July 2015. Pharmaceutical maker Allergan plc is acquiring Naurex Inc., a designer of fast-acting therapies for depression and other neurological disorders, for $560 million. The deal covers Naurex’s products now in clinical trials, with the company’s technology platform and preclinical research spun-off into a new enterprise. Naurex, a spin-off company from Northwestern University in…
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Cough Diagnostics Mobile App in Clinical Trial
22 July 2015. A smartphone app designed to diagnose the nature of a cough by the sound it makes is now being tested in a clinical trial in Australia. The app, developed in the lab of engineering professor Udantha Abeyratne at University of Queensland in Brisbane, Australia was licensed to a spin-off company from the…
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Drug Delivery Biotech Raises $101.8 Million in IPO
17 July 2015. Chiasma Inc., a biotechnology enterprise developing oral therapies to replace injected drugs, raised some $101.8 million in its initial public stock offering. The company — located in Newton, Massachusetts and Jerusalem, Israel — issued 6,365,000 shares at $16.00, and trades on the Nasdaq exchange under the symbol CHMA. Shares in the company closed…
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Bristol-Myers Squibb, S.C. Med School Partner on Fibrosis
15 July 2015. Medical University of South Carolina and pharmaceutical company Bristol-Myers Squibb are collaborating on drug discovery research to better understand the science behind fibrosis diseases, leading to new treatments. Financial and intellectual property aspects of the partnership were not disclosed. Fibrosis is the growth of excess tissue that occurs in response to injury…
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Univ. of Arizona Spin-Off Licenses Cancer Therapy
10 July 2015. A new company spun-off from University of Arizona licensed a cancer therapy based on research by a pharmacy faculty member at the school, also the company’s founder. Synactix Pharmaceuticals Inc. in Tucson is founded by pharmacology professor Hong-yu Li and postdoctoral fellow Brendan Fett. Li’s lab at Arizona studies cancer therapeutics, particularly…
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Allergan Acquires Merck Migraine Therapies
8 July 2015. The pharmaceutical company Allergan is licensing therapies for treatment and prevention of migraines being developed by Merck, another pharma company. The agreement is expected to bring Merck $250 million over the next year, as well as undisclosed milestone and royalty payments from Allergan. Migraine is a neurological syndrome causing severe headaches along with…
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Juno, Celgene Partner in $1 Billion Immunotherapy Deal
30 June 2015. Biotechnology company Juno Therapeutics Inc. and biopharmaceutical developer Celgene Corp. are collaborating on therapies that harness the immune system to treat cancer and autoimmune diseases over the next 10 years. The agreement is expected to bring Juno nearly $1 billion from Celgene in upfront payments and stock purchases. Juno Therapeutics, headquartered in…
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Trial Begins Testing Sickle Cell Blood Therapy
23 June 2015. A clinical trial began enrolling participants testing a synthesized therapy for sickle cell disease to improve the flow of blood cells blocked by the condition and relieve the intense pain that results. The late-stage trial is being conducted by drug maker Pfizer Inc., with biotechnology company GlycoMimetics Inc. in Gaithersburg, Maryland. Sickle…
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Allied-Bristol Licenses Chinese Root Extract Technology
22 June 2015. A joint venture of drug maker Bristol-Myers Squibb and science commercialization company Allied Minds is licensing research at Harvard University on the actions of a Chinese root extract with therapeutic potential against fibrosis, inflammation, and autoimmune disorders. Financial aspects of the agreement between Harvard and Allied-Bristol Life Sciences were not disclosed. The…