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More Than One Way to Build a Biotech Company
SAN DIEGO – At a session at the recent Calbio meeting, biotech executives from multiple companies explained how they got their start-ups off the ground...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 thatBy Brian Orelli | BioWorld Today | Wednesday, June 19, 2013 -
Clinic Roundup
Acadia Pharmaceuticals Inc., of San Diego, presented data at the International Congress of Parkinson's Disease and Movement Disorders in Sydney, Australia, from its Phase III program testing pimavanserin in Parkinson's disease psychosis (PDP), including data from the pivotal -020 study and related -015 open-label safety extension trial...Mei Pharma Inc., of San Diego, said the first patients were dosed in a Phase II trial of its lead candidate, HDAC inhibitor Pracinostat, in combination with VidazaBioWorld Today | Wednesday, June 19, 2013 -
Other News To Note
Santarus Inc., of San Diego, and Pharming Group, of Leiden, the Netherlands, said the FDA accepted for filing the biologics license application (BLA) for Ruconest (recombinant human C1 esterase inhibitor) for the treatment of acute angioedema attacks in patients with hereditary angioedemaBioWorld Today | Wednesday, June 19, 2013 -
Other News To Note
Ambrx Inc., of San Diego, and Zhejiang Medicine CoBioWorld Today | Tuesday, June 18, 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 commercialization...Earlier this month, Hemaquest Pharmaceuticals Inc., of San Diego, completed enrollment in a randomized, double-blind, placebo-controlled Phase IIb study of HQK-1001 , a small-chain fatty acid derivative, given orally twice per dayBy 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 -
Phase I Clinical Trials Update: May 2013
32 subjects completed the study, with no serious adverse events, dose-limiting safety findings or tolerability issues leading to withdrawal 5/8/13 Eleven Biotherapeutics Inc. (Cambridge, Mass.) EBI-005 An Interleukin-1 signaling inhibitor Dry eye disease Phase Ia data demonstrated it was safe and well tolerated 5/9/13 La Jolla Pharmaceutical Co. (San Diego) GCS-100 Carbohydrate molecule Chronic kidney disease Treated the last patient in the Phase I portion of the Phase I/II trialBioWorld Insight | Monday, June 17, 2013 -
J&J Doing its Best VC Imitation With Incubators, Entrepreneurs
Building on the incubator it established in San Diego, J&J has established a second incubator in the San Francisco Bay Area through an agreement with California Institute for Quantitative Biosciences (QB3) to rent space in the University of California sponsored incubatorBy Brian Orelli | BioWorld Insight | Monday, June 17, 2013 -
Non-U.S. Clinical Trials & Regulatory Actions: May 2013
San Diego) and Baxter International Inc. (Deerfield, Ill.) HyQvia Solution for subcutaneous use Primary and secondary immunodeficiencies European Commission granted marketing authorization in all European Union member states 5/22/13 Norgine BV (Amsterdam, the Netherlands) Xifaxan 550 mgBioWorld Insight | Monday, June 17, 2013 -
Phase II Clinical Trials Update: May 2013
San Diego) Asonep A humanized antibody designed to neutralize sphingosine-1-phosphate Renal cell carcinoma Began dosing in a Phase IIa trial 5/24/13 Macrogenics Inc. (Rockville, Md.) Margetuximab Next-generation anti-HER2 monoclonal antibody Metastatic breast cancer First patient was dosed in a Phase II study at six U.S...the median progression-free survival time was 5.6 months 5/29/13 Syndax Pharmaceuticals Inc. (Waltham, Mass.) Entinostat HDAC inhibitor Estrogen receptor-positive breast cancerBioWorld Insight | Monday, June 17, 2013 -
Takeda, Sea Lane Shake Hands On Two-Year Technology Deal
Takeda California Inc., of San Diego, a subsidiary of Takeda Pharmaceutical CoBy Catherine Shaffer | BioWorld Today | Friday, June 14, 2013 -
Other News To Note
Madera Biosciences Inc., of San Diego, said it was awarded follow-on funding of $298,500 from the Alzheimer's Drug Discovery Foundation to further develop the firm's small-molecule drugs designed to clear accumulated beta-amyloid from the brain and thus halt or reverse the progression of Alzheimer's diseaseBioWorld Today | Friday, June 14, 2013 -
Earnouts and Back-Ended Deals Expected to Continue
SAN DIEGO – At a Calbio session, Cambell Alliance, the business consulting segment of Inventiv Health Inc., presented its survey of business development professionals...We don't spend time arguing about forecasts," said Michael D. Step, senior vice president of corporate development at Santarus Inc., of San DiegoBy Brian Orelli | BioWorld Today | Friday, June 14, 2013 -
Other News To Note
Trius Therapeutics Inc., of San Diego, published results of clinical and animal studies showing that its antibiotic TR-701 does not interact with monamine oxidase, meaning that if approved it could potentially be taken with antidepressants whose use is limited with agents that inhibit MAOBioWorld Today | Thursday, June 13, 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 -
Autifony Starts Phase I Work in Hearing Loss, Tinnitus
company, Otonomy Inc., of San Diego, raised $48.5 million in two funding rounds in 2010By Nuala Moran | BioWorld International | Wednesday, June 12, 2013 -
Other News To Note
Biotie Therapies Corp., of Turku, Finland, obtained an exclusive option to acquire Neurelis Inc., of San DiegoBioWorld International | Wednesday, June 12, 2013 -
Other News To Note
Oncosec Medical Inc., of San Diego, signed a sponsored research agreement with Old Dominion University and the Frank Reidy Research Center for BioelectricsBioWorld Today | Wednesday, June 12, 2013 -
Appointments and Advancements
Trius Therapeutics Inc., of San Diego, named Matthew Onaitis general counsel and secretaryBioWorld Today | Wednesday, June 12, 2013
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