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Elan Up for Sale as Investors Reject Management, Royalty
The writing was on the wall by Friday afternoon, as proxy votes cast in advance of the meeting showed that Elan's management would not have sufficient support for its proposed $1 billion acquisition of a 21 percent stake in the South San Francisco-based Theravance Inc.'s royalties from the respiratory franchise it shares with London-based Glaxosmithkline plc or for its plan to buy Vienna, Austria-based AOP Pharmaceuticals AG or the plan to spin out ELND005 (scyllo-inositol) into a new IrishBy Cormac Sheridan | BioWorld Today | Tuesday, June 18, 2013 -
Other News To Note
NGM Biopharmaceuticals Inc., of South San Francisco, and Medimmune, the global biologics research and development arm of Astrazeneca plc, of London, entered into an exclusive agreement to discover, develop and commercialize novel therapeutics from NGM's enteroendocrine cell (EEC) program for the treatment of Type II diabetes and obesityBioWorld Today | Tuesday, June 18, 2013 -
$650M Aragon Buyout Brings J&J's Replacement for Zytiga
At the start of this year, the firm cleared up its part in a dispute over anti-androgen compounds with Medivation Inc., of San Francisco, which had claimed breach of contract against the Regents of the University of California...San Francisco County Superior Court granted summary adjudication in Aragon's favor, regarding an intervention complaint, and decreed that Aragon owns exclusive rights to the drug candidates, including ARN-509By Randy Osborne | BioWorld Today | Tuesday, June 18, 2013 -
Other News To Note
According to Royalty, a "sufficient number of these ADSs" voted against Elan's proposed $1 billion cash acquisition of a royalty stream from South San Francisco-based Theravance IncBioWorld Today | Monday, June 17, 2013 -
Pharma Clinical & FDA Action Update: May 2013
San Francisco) Stivarga Regorafenib Metastatic gastrointestinal stromal tumor FDA approved it 5/16/13 Boehringer Ingelheim GmbH (Ingelheim, Germany) Tiotropium Delivered by the Respimat Softmist inhaler Asthma Phase III data showed it increased time to first severe exacerbation and first episode of asthma worsening 5/22/13 Bristol-Myers Squibb Co. (New York) Nivolumab An anti-PD-1 Inoperable Stage III and Stage IV melanoma In combination with the anti-CTLA-4 ipilimumab suggested it led to anBioWorld Insight | Monday, June 17, 2013 -
Phase I Clinical Trials Update: May 2013
San Francisco; unit of Roche Group; Basel, Switzerland) MPDL3280A A human monoclonal antibody Locally advanced or metastatic solid tumors The overall response rate was 21%, and there were no dose-limiting toxicities or treatment-related deaths, with most adverse events considered transient in a Phase I expansion study 5/16/13 Helix Biopharma Corp. (Aurora, Ont.) L-DOS47 Immunoconjugate-based drug candidate Non-small-cell lung cancer Initiated enrollment of the fourth dose level cohort of 0.46BioWorld 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 incubator...David Kirn, founder of San Francisco-based Jennerex Biotherapeutics Inc., is the first entrepreneur funded under the programBy Brian Orelli | BioWorld Insight | Monday, June 17, 2013 -
Phase III Clinical Trials Update: May 2013
chlorambucil alone showed it met the primary endpoint of progression-free survival 5/30/13 Jennerex Biotherapeutics Inc. (San Francisco) Pexa-Vec Oncolytic cancer vaccineBioWorld Insight | Monday, June 17, 2013 -
Non-U.S. Clinical Trials & Regulatory Actions: May 2013
San Francisco) and Astellas Pharma Inc. (Tokyo) Enzalutamide Oral, androgen receptor signaling inhibitor Prostate cancer Submitted an application for marketing approval in Japan 5/28/13 Symbio Pharmaceuticals Ltd. (Tokyo) Treakisym Bendamustine hydrochloride, SyB L-0501 Non-Hodgkin's lymphoma and mantle cell lymphoma Completed patient enrollment in its Phase II study in Japan 5/9/13 CARDIOVASCULAR Arbor Pharmaceuticals Inc. (Atlanta) Nymalize Nimodipine oral solution Subarachnoid hemorrhage FDABioWorld Insight | Monday, June 17, 2013 -
FDA Submissions, Approvals & Other Actions: May 2013
was acquired from Swedish biotech Albireo AB Chronic idiopathic constipation Initiated enrollment in two Phase III trials 5/3/13 INFLAMMATORY Genentech Inc. (South San Francisco; unit of the Roche Group) Actemra Tocilizumab...an enzyme replacement therapy Mucopoly-saccharidosis Type IVA FDA accepted for review the BLA 5/31/13 Hyperion Therapeutics Inc. (South San Francisco) Ravicti Glycerol phenylbutyrate Urea cycle disorders FDA granted orphan drug designation 5/3/13 Raptor Pharmaceutical CorpBioWorld Insight | Monday, June 17, 2013 -
Phase II Clinical Trials Update: May 2013
San Francisco) and Transgene SA (Strasbourg, France) Pexavec JX-594/TG6006, pexastimogene devacirepvec Advanced primary liver cancer Enrollment in the 120-patient Phase IIb study is complete 5/23/13 Lpath Inc. (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 wasBioWorld Insight | Monday, June 17, 2013 -
Clinic Roundup
Sunesis Pharmaceuticals Inc., of South San Francisco, said the independent data and safety monitoring board for the pivotal VALOR trial completed its latest period safety review and recommended that the study continue as planned without changesBioWorld Today | Friday, June 14, 2013 -
Ovarian Results Carry 'Wait'; Amgen OS Data Due in 2014
Amgen Buys Rights to a Heart Drug in Japan In other news from Amgen, the company is expanding its 2006 deal with Cytokinetics Inc., of South San Francisco, for omecamtiv mecarbil for heart failure to include Japan, which was not included in the original deal. (See BioWorld Today, Jan. 4, 2007.) Cytokinetics will get $25 million, including a nonrefundable license fee of $15 million and $10 million from purchase of common stock by Amgen – 8.4 million shares at about $1.18 eachBy Randy Osborne | BioWorld Today | Thursday, June 13, 2013 -
Pfizer Keeping the ADC Faith: Potential $635M CytomX Deal
through various stages of preclinical evaluation," said Sean McCarthy, CEO of South San Francisco-based CytomXBio Perspectives | Wednesday, June 12, 2013 -
Decision Time Looms for Elan, Royalty in Bitter Takeover Battle
They include Elan's $1 billion cash acquisition of a 21 percent stake in South San Francisco-based Theravance Inc.'s royalties from the respiratory franchise it shares with London-based Glaxosmithkline plcBio Perspectives | Wednesday, June 12, 2013 -
Taiwan's Biopharmaceutical Market Capitalization Soars
An example of the process: PEP02, a nano-liposomal formulation of cancer drug irinotecan, licensed in 2003 from Hermes BioSciences, of San FranciscoBy Dave Silver | BioWorld International | Wednesday, June 12, 2013 -
Scottish Start-up UB Pharma to Deliver UPS Drug Targets
Sedgwick noted that other early stage ubiquitin programs are attracting investment, pointing to Cleave Biosciences Inc., of San Francisco, which in April raised $10 million in an extension of its Series A financing from new investor New Enterprise Associates, bringing its Series A total to $54 millionBy Nuala Moran | BioWorld International | Wednesday, June 12, 2013 -
Decision Time Looms for Elan, Royalty in Bitter Takeover Battle
They include Elan's $1 billion cash acquisition of a 21 percent stake in South San Francisco-based Theravance Inc.'s royalties from the respiratory franchise it shares with London-based Glaxosmithkline plcBy Cormac Sheridan | BioWorld International | Wednesday, June 12, 2013 -
Other News To Note
PDL Biopharma Inc., of Incline Village, Nev., filed a notice of arbitration against Genentech Inc. (part of Roche AG), of South San Francisco, with the American Arbitration Association in Voorhees, N.J., alleging, inter alia, that Genentech underpaid royalties going back to at least 2007 and impeded PDL's attempts to have Genentech's books and records inspected to determine whether Genentech's past payments to PDL were accurately calculatedBioWorld Today | Wednesday, June 12, 2013 -
Clinic Roundup
Oxigene Inc., of South San Francisco, said final results of FACT study (Fosbretabulin in Anaplastic Cancer of the Thyroid) a randomized controlled global trial in anaplastic thyroid cancer published in Thyroid, which suggested a survival benefit in patients who received Zybrestat and chemotherapy vsBioWorld Today | Tuesday, June 11, 2013
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