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Elan Looks East with 2 Deals as Royalty Revises Hostile Bid
The Royalty offer is contingent on Elan's shareholders voting down all of its M&A transactions, including its recent $1 billion cash deal to buy a 21 percent stake in South San Francisco-based Theravance Inc.'s future royalty stream from the respiratory franchise it shares with London-based GlaxoSmithKline plc...It was established in 2007 by investment bankers Burrill & Co., of San Francisco, and Kuwait Life Sciences Co., the life sciences arm of Kuwait's National Technology Enterprises Co. (NTECBio Perspectives | Wednesday, May 22, 2013 -
Pfizer Phase III Failure Hints at ADC Shortcomings
Early stage ADCs using less stable linking technologies are inherently imprecise and less efficient, translating into smaller payloads of the targeted agent actually reaching a tumor cell, agreed Trevor Hallam, chief scientific officer of San Francisco-based Sutro Biopharma Inc., another developer of next-generation ADCs. (See BioWorld Today, Dec. 19, 2012.) Site-specific conjugations result in more precise targeting and more homogenous products that are easier for regulators to reviewBy Marie Powers | BioWorld Today | Wednesday, May 22, 2013 -
Pharma: Clinic Roundup
Data were presented at the American Psychiatric Association meeting in San FranciscoBioWorld Today | Wednesday, May 22, 2013 -
Other News To Note
Genmab A/S, of Copenhagen, Denmark, reported that South San Francisco-based Genentech Inc., a unit of the Roche Group, and Weston, Mass.-based Biogen Idec IncBioWorld International | Wednesday, May 22, 2013 -
Elan Looks East with 2 Deals as Royalty Revises Hostile Bid
The Royalty offer is contingent on Elan's shareholders voting down all of its M&A transactions, including its recent $1 billion cash deal to buy a 21 percent stake in South San Francisco-based Theravance Inc.'s future royalty stream from the respiratory franchise it shares with London-based GlaxoSmithKline plc...It was established in 2007 by investment bankers Burrill & Co., of San Francisco, and Kuwait Life Sciences Co., the life sciences arm of Kuwait's National Technology Enterprises Co. (NTECBy Cormac Sheridan | BioWorld International | Wednesday, May 22, 2013 -
Psychiatry Searches for New Ways to Treat and Diagnose
At the annual meeting of the American Psychiatric Association in San Francisco this week, researchers presented new data on one drug that can lift depression within an hour of its administration: the anesthetic drug ketamine. (See BioWorld Today, July 6, 2011.) Researchers from Mount Sinai School of Medicine presented data at the conference comparing ketamine injections to those with midazolam, a benzodiazepine, a benzodiazepine that "can mimic the anesthetic effects of ketamine, but should notBio Perspectives | Tuesday, May 21, 2013 -
Found in Translation: Series A Brings in $45M for Effector
Worlund credits the investor interest to the science, which emerged from the University of California, San Francisco (UCSF), where academic co-founders Davide Ruggero and Kevan Shokat outlined the connections between disregulated translation and cancer...Besides Worlund, its co-founders include Ruggero, the Helen Diller Family Endowed Chair in Basic Research at the University of California, San FranciscoBy Jennifer Boggs | BioWorld Today | Tuesday, May 21, 2013 -
Psychiatry Searches for New Ways to Treat and Diagnose
At the annual meeting of the American Psychiatric Association in San Francisco this week, researchers presented new data on one drug that can lift depression within an hour of its administration: the anesthetic drug ketamine. (See BioWorld Today, July 6, 2011.) Researchers from Mount Sinai School of Medicine presented data at the conference comparing ketamine injections to those with midazolam, a benzodiazepine, a benzodiazepine that "can mimic the anesthetic effects of ketamine, but should notBy Anette Breindl | BioWorld Today | Tuesday, May 21, 2013 -
Elan Looks East with 2 Deals as Royalty Revises Hostile Bid
The Royalty offer is contingent on Elan's shareholders voting down all of its M&A transactions, including its recent $1 billion cash deal to buy a 21 percent stake in South San Francisco-based Theravance Inc.'s future royalty stream from the respiratory franchise it shares with London-based GlaxoSmithKline plc...It was established in 2007 by investment bankers Burrill & Co., of San Francisco, and Kuwait Life Sciences Co., the life sciences arm of Kuwait's National Technology Enterprises Co. (NTECBy Cormac Sheridan | BioWorld Today | Tuesday, May 21, 2013 -
Pharma: Clinic Roundup
Sunovion Pharmaceuticals Inc., of Marlborough, Mass., will present 18 research posters on Latuda (lurasidone HCl), an atypical antipsychotic indicated for the treatment of adult patients with schizophrenia, at the 166th Annual Meeting of the American Psychiatric Association (APA) in San FranciscoBioWorld Today | Tuesday, May 21, 2013 -
Biotech - Big Pharma Collaborations: Modified And Terminated Agreements: April 1 - May 16, 2013
Inc. (Whitehouse Station, N.J.) $86.5 Exercised option for Merck to exclusively license small-molecule compounds for a target in cardiovascular disease The companies inked the deal in 2009, and under the terms, Xenon received milestone payments and an option fee and is eligible for further research, development and regulatory milestone payments of up to $86.5M 4/18/13 MAY Hyperion Therapeutics Inc. (South San Francisco) Valeant Pharmaceuticals International Inc. (Montreal) $13-$22 HyperionBioWorld Insight | Monday, May 20, 2013 -
Other News To Note
Genmab A/S, of Copenhagen, Denmark, reported that South San Francisco-based Genentech Inc., a unit of the Roche Group, and Weston, Mass.-based Biogen Idec IncBioWorld Today | Monday, May 20, 2013 -
Pharma: Other News To Note
Scientists at Bayer HealthCare's U.S. Innovation Center in San Francisco will work collaboratively with counterparts at QB3 and Mission Bay Capital in the structured public-private partnership, with QB3 bringing up to 60 companies a year from its network for Bayer to evaluate for potential partnershipsBioWorld Today | Friday, May 17, 2013 -
Pharma: Clinic Roundup
Bayer HealthCare Pharmaceuticals Inc., of Berkeley, Calif., and Onyx Pharmaceuticals Inc., of South San Francisco, said the FDA approved Bayer's Stivarga (regorafenib) for metastatic gastrointestinal stromal tumor previously treated with imatinib mesylate and sunitinib malateBioWorld Today | Thursday, May 16, 2013 -
Clinic Roundup
Jennerex Biotherapeutics Inc., of San Francisco, said data demonstrating the ability of its lead product candidate, Pexa-Vec (JX-594, pexastimogene devacirepvec) to induce functional anticancer immunity, both in patients with diverse solid tumor types and in animal models has been published in the May 15 issue of Science Translational MedicineBioWorld Today | Thursday, May 16, 2013 -
ASCO Abstracts Shine Light on Cancer Immunotherapy
Daniel S. Chen, associate group director and global development team leader for the anti-PD-L1 program at South San Francisco-based Genentech, agreed that targeting PD-L1 represents cutting-edge cancer therapeutic developmentBy Marie Powers | BioWorld Today | Thursday, May 16, 2013 -
Elan Buying into Theravance, GSK Royalty Stream for $1B
The deal implies a valuation of $4.76 billion for Theravance's future royalty income from the four-product franchise, which suggests that the market considerably undervalues the South San Francisco-based biotech firmBy Cormac Sheridan | BioWorld International | Wednesday, May 15, 2013 -
Elan Buying into Theravance, GSK Royalty Stream for $1B
The deal implies a valuation of $4.76 billion for Theravance's future royalty income from the four-product franchise, which suggests that the market considerably undervalues the South San Francisco-based biotech firmBy Cormac Sheridan | BioWorld Today | Tuesday, May 14, 2013 -
American Association for Cancer Research: April 2013
San Francisco) Cometriq Cabozantinib Castration-resistant prostate cancer Bone metastases showed a 67% rate of bone scan response and other clinical signs of effect 4/12/13 Onconova Therapeutics Inc. (Newtown, Pa.) Rigosertib A dual pathway inhibitor Solid tumors Phase I data showed tolerability and favorable antitumor activity 4/11/13 Pharmacyclics Inc. (Sunnyvale, Calif.) Ibrutinib Oral agent Chronic lymphocytic leukemia Phase II data showed that 95% of patients experienced a reduction inBioWorld Insight | Monday, May 13, 2013 -
Phase II Clinical Trials Update: April 2013
San Francisco) Zybrestat Antiangiogenic therapeuticBioWorld Insight | Monday, May 13, 2013
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