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More Than One Way to Build a Biotech Company
Last month, San Diego-based Receptos raised $72.8 million from its IPO to support two clinical-stage programs for G protein-coupled receptor drugs and to potentially in-license additional programs. (See BioWorld Today, May 10, 2013.) While the IPO market has been frothy lately, John Celebi, chief business officer of Igenica Inc., pointed out that it hasn't always been that wayBy Brian Orelli | BioWorld Today | Wednesday, June 19, 2013 -
$650M Aragon Buyout Brings J&J's Replacement for Zytiga
is that Zytiga will be coming off patent at just about the time we would expect, if all goes well, ARN-509 would be launched," said Paul Cleveland, chief financial officer for San Diego-based Aragon, a company with 40 employees that was founded less than four years agoBy Randy Osborne | BioWorld Today | Tuesday, June 18, 2013 -
Mast Flags Offering's $22.9M for Sickle Cell Phase III Trial
The new cash is expected to let San Diego-based Mast reach top-line data, said Brandi Roberts, chief financial officer, although it "probably won't get us through filing the new drug application and getting ready for commercializationBy Randy Osborne | BioWorld Today | Monday, June 17, 2013 -
Conatus Pharma Seeks $69M for Liver Drug Emricasan
Filing its S-1 as an emerging growth company under the Jumpstart Our Business Startups Act of 2012, the San Diego-based firm is seeking to raise up to $69 million to continue the clinical development of emricasan, a pan-caspase inhibitorBy Marie Powers | BioWorld Today | Monday, June 17, 2013 -
Earnouts and Back-Ended Deals Expected to Continue
It's much more important to show me how you can compete and how much of the market you can penetrate," Neil Berkley, director of business development at San Diego-based Cadence Pharmaceuticals Inc., told the audience...When San Diego-based Orexigen Therapeutics IncBy Brian Orelli | BioWorld Today | Friday, June 14, 2013 -
Pfizer Keeping the ADC Faith: Potential $635M CytomX Deal
San Diego-based Ambrx Inc.'s site-specific ADC platform drew Bristol-Myers Squibb Co., of New York, for a third deal in MayBio Perspectives | Wednesday, June 12, 2013 -
Obesity Drug Competition Set to Begin, Finally
Based on a 31.5 percent royalty, Tenthoff's estimates San Diego-based Arena would earn about $22 million this year in addition to $65 million in launch milestones that Eisai owes the companyBy Brian Orelli | BioWorld Insight | Monday, June 10, 2013 -
Pfizer Keeping the ADC Faith: Potential $635M CytomX Deal
San Diego-based Ambrx Inc.'s site-specific ADC platform drew Bristol-Myers Squibb Co., of New York, for a third deal in MayBy Randy Osborne | BioWorld Today | Friday, June 7, 2013 -
Pharma: Other News To Note
Metreleptin, a recombinant analogue of human hormone leptin, was developed by San Diego-based Amylin Pharmaceuticals Inc., which was acquired in a joint buyout by BMS and AstraZeneca last year. (See BioWorld Today, July 3, 2012BioWorld Today | Wednesday, June 5, 2013 -
Prosensa Leads More Biotechs into IPO Parade
Modest Offering 'Evokes' Public Market Access San Diego-based Evoke Pharma has stayed out of the limelight, advancing a single asset with just two full-time employeesBy Marie Powers | BioWorld Today | Wednesday, May 29, 2013 -
Pfizer Phase III Failure Hints at ADC Shortcomings
Although any ADC failure in the clinic – especially in Phase III – is a major disappointment for the sponsor and patients, the result should not handicap ADC development, said Lawson Macartney, CEO of San Diego-based Ambrx Inc., which has inked a stunning strand of ADC deals with pharma partners. (See BioWorld Today, June 19, 2012, April 8, 2013, and May 6, 2013.) While acknowledging that he had no detailed knowledge about the trial design and could only speculate on the suboptimal efficacyBy Marie Powers | BioWorld Today | Wednesday, May 22, 2013 -
As Markets Fancy Biotech, PTC Therapeutics Joins IPO Queue
In addition to the trio of filings, one biotech IPO closed last week, as San Diego-based Ambit Biosciences CorpBy Marie Powers | BioWorld Today | Monday, May 20, 2013 -
'JAK'ing Up Myelofibrosis; Sanofi's Phase III Data Solid
Phase I/II data reported by San Diego-based TargeGen prior to the Sanofi buyout also showed the potential of SAR302503 to reduce white blood cell count in patients with leukocytosis and reduce mutant cells responsible for causing the disease in about two-thirds of the patients treatedBy Jennifer Boggs | BioWorld Today | Monday, May 20, 2013 -
Ambit Cuts Price, Ups Shares; $65M IPO to Fund Quizartinib
The San Diego-based biotech priced about 8.1 million shares at $8 apiece for gross proceeds of about $65 millionBy Jennifer Boggs | BioWorld Today | Friday, May 17, 2013 -
Upside for Cosmo, Grossing $89M in Santarus Stock Sale
On completion of the transaction, which is due to happen Wednesday, Cosmo will retain almost 3 million Santarus shares, representing 4.63 percent of the San Diego-based firm's stockBy Cormac Sheridan | BioWorld International | Wednesday, May 15, 2013 -
Upside for Cosmo, Grossing $89M in Santarus Stock Sale
On completion of the transaction, which is due to happen Wednesday, Cosmo will retain almost 3 million Santarus shares, representing 4.63 percent of the San Diego-based firm's stockBy Cormac Sheridan | BioWorld Today | Wednesday, May 15, 2013 -
Lumena Large: $23M Series A Funds Phase II Cholestatic Bid
These studies should read out in the second half of next year, and the funding will take us through the end of 2014," said Mike Grey, president and CEO of San Diego-based LumenaBy Randy Osborne | BioWorld Today | Thursday, May 9, 2013 -
Re-verb: Conjugates Lure BMS to Ambrx Deal Number Three
I think it is based on the relationship we've built with BMS, but this is a different franchise area, a different portion of our technology platform," said Simon Allen, chief business officer of San Diego-based AmbrxBy Randy Osborne | BioWorld Today | Monday, May 6, 2013 -
Arena Yanks MAA, Falls on Belviq Launch Delay in U.S.
were down nearly 10 percent Friday following Thursday's after-market release of first-quarter earnings, which included news that the San Diego-based biotech is pulling its European marketing application for obesity drug Belviq (lorcaserin), though the bigger disappointment may be the ongoing delay in Belviq's U.SBy Jennifer Boggs | BioWorld Today | Monday, May 6, 2013 -
Abide with Me: Merck Paying up to $430M in Diabetes Deal
San Diego-based Abide's platform involves proteomic technology from the Scripps Research InstituteBy Randy Osborne | BioWorld Today | Friday, May 3, 2013
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