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Portola Joins IPO Parade, Seeks $115M for Thrombosis Portfolio
South San Francisco-based Portola, which filed as an emerging growth company under the Jumpstart Our Business Startups Act of 2012, plans to list on the NASDAQ Global Market under the symbol "PTLABy Marie Powers | BioWorld Today | Tuesday, April 16, 2013 -
Theravance Jumps on Briefing Docs for GSK-Partnered Breo
Relief from Wall Street was obvious, with shares of South San Francisco-based Theravance (NASDAQ:THRX) jumping 21 percent, or $4.88, to close Monday at $28.63By Jennifer Boggs | BioWorld Today | Tuesday, April 16, 2013 -
FDA Submissions, Approvals & Other Actions: March 2013
San Francisco) and Dako (Glostrup, Denmark) Kadcyla Ado-trastuzumab emtansine HER2-positive metastatic breast cancer FDA approved its addition to the labeling of two Dako companion diagnostic assays 3/6/13 Navidea Biopharma-ceuticals Inc. (Dublin, Ohio) Lymphoseek Technetium Tc 99 m tilmanocept injection...San Francisco) Probuphine An implantable device delivering a steady dose of buprenorphine Opioid dependence FDA committee voted in favor of approval 10-4, with one abstention 3/22/13 INFECTIONBioWorld Insight | Monday, April 15, 2013 -
Non-U.S. Clinical Trials & Regulatory Actions: March 2013
San Francisco) and Bayer HealthCare (Wayne, N.J.) Stivarga Regorafenib Metastatic colorectal cancer Gained approval in Japan 3/27/13 PrimaBioMed Ltd. (Sydney, Australia) CVac Vaccine Ovarian cancer Started recruiting patients in a Phase II/III trial in Europe 3/1/13 Symbio Pharmaceuticals Ltd. (Tokyo) Rigosertib Small-molecule P13-kinase and PLK inhibitor Myelodysplastic syndromes Started enrolling patients in its Japanese Phase I trial 3/27/13 CARDIOVASCULAR Gentium SpA (Villa Guardia, ItalyBioWorld Insight | Monday, April 15, 2013 -
Phase II Clinical Trials Update: March 2013
GS-7977 Hepatitis C virus Clinical data showed 6 of 27 patients in the 12-week arm receiving simeprevir, sofosbuvir and ribavirin achieved SVR at week 4, while 13 of 14 patients in the 12-week arm receiving simeprevir and sofosbuvir without ribavirin achieved SVR4 3/7/13 Presidio Pharmaceuticals Inc. (San Francisco) and Boehringer Ingelheim GmbH (Ingelheim, Germany) PPI-668 Pan-genotypic HCV NS5A inhibitor Hepatitis C virus Plans to start a 12-week Phase IIa trial in the second quarter 3/14/13BioWorld Insight | Monday, April 15, 2013 -
Other News To Note
The Genome Institute of Singapore and Fluidigm Corp., of South San Francisco, opened a new research center in Singapore, the Single-Cell Omics CentreBioWorld Today | Monday, April 15, 2013 -
Transaction Values Dipped Significantly in First Quarter
Most active pharma companies were Sanofi SA with five deals signed including Sanofi Pasteur, its vaccines division collaborating with Sutro Biopharma Inc., of San Francisco, to produce two undisclosed vaccine candidatesBy Peter Winter | BioWorld Insight | Monday, April 15, 2013 -
Financings Roundup
OxiGene Inc., of South San Francisco, entered agreements with institutional investors for a private placement of $5 million of zero coupon convertible preferred stock, convertible into approximately 1.38 million shares of common stock at a price of $3.63 apiece, and two series of warrants that may be exercised for up to approximately 2.76 million additional shares of common stock at a price of $3.40 apieceBioWorld Today | Friday, April 12, 2013 -
U.S. Patent Disclosures
Oxigene Inc., of South San Francisco, received U.S. Patent NoBioWorld Today | Friday, April 12, 2013 -
AACR Roundup
Exelixis Inc., of South San Francisco, presented additional information about the mechanism of action of cabozantinib with respect to activity against prostate cancer tumors metastasized to boneBioWorld Today | Friday, April 12, 2013 -
Synergy Offering to Bring in $90M for GI Drug Development
VistaGen Therapeutics Inc., of South San Francisco, will receive a $36 million investment from Bergamo Acquisition CorpBy Catherine Shaffer | BioWorld Today | Thursday, April 11, 2013 -
Better Therapeutic Index May Help Conquer Cell Division
Jennerex Biotherapeutics Inc., of San Francisco, presented research demonstrating the antivascular effect of lead candidate Pexa-Vec (JX-594, pexastimogene devacirepvec), an investigational oncolytic immunotherapyBy Anette Breindl | BioWorld Today | Wednesday, April 10, 2013 -
MedDay Raises $10.5M for Neurological Drug R&D
Cleave Biosciences Inc., of San Francisco, raised $10 million in an extension of its Series A financing from new investor New Enterprise Associates (NEA), bringing its Series A total to $54 millionBy Cormac Sheridan | BioWorld Today | Wednesday, April 10, 2013 -
Epigenetics Now Goes Far Beyond HDAC Inhibitors
Nektar Therapeutics Inc., of San Francisco, presented preclinical data showing that cancer immunotherapeutic NKTR-214 targets the IL-2 receptor complex through selective receptor binding to the IL2Rβ subtype, activating destruction of the tumor by the body's immune systemBio Perspectives | Tuesday, April 9, 2013 -
Epigenetics Now Goes Far Beyond HDAC Inhibitors
Nektar Therapeutics Inc., of San Francisco, presented preclinical data showing that cancer immunotherapeutic NKTR-214 targets the IL-2 receptor complex through selective receptor binding to the IL2Rβ subtype, activating destruction of the tumor by the body's immune systemBy Anette Breindl | BioWorld Today | Tuesday, April 9, 2013 -
Public Financing Of Biotechnology: March 2013
C$7.3 ($7.14) N/A Hyperion Therapeutics Inc. (South San Francisco; HPTX)5 3/8/13 3/8/13 3.23S $20.75 19.95 Leerink Swann Cowen & Co. (co-lead) Needham & Co...Brean Capital Maxim Group LLC $15.06 $98.945 Medgenics Inc. (San Francisco; MDGN)7 10/26/12 3/26/13 6.07S and Series 2013-A W for 3.22S $5.25 18.37 Maxim Group LLC National Securities CorpBioWorld Insight | Monday, April 8, 2013 -
The Search for Venture Capital Continues to be Challenging
With the close of the financing, San Francisco-based Labrys acquired global rights to RN-307 a Phase II-ready anti-calcitonin gene-related peptide (CGRP) humanized monoclonal antibody (MAb) from Pfizer Inc...RN-307 was discovered and originally developed by Rinat Neuroscience Corp., a South San Francisco protein therapeutics company that was acquired by Pfizer in 2006. (See BioWorld Today, April 10, 2006.) In a Series C financing Versartis Inc., of Redwood City, Calif., raised $25 million toBy Peter Winter | BioWorld Insight | Monday, April 8, 2013 -
In Q1 Public Biopharmas Shift Fundraising into Overdrive
In January, for example, Onyx Pharmaceuticals Inc., of South San Francisco, padded its bank balance with $358.6 million following a public offering of 4.4 million sharesBy Peter Winter | BioWorld Insight | Monday, April 8, 2013 -
In Q1 Public Biopharmas Shift Fundraising into Overdrive
In January, for example, Onyx Pharmaceuticals Inc., of South San Francisco, padded its bank balance with $358.6 million following a public offering of 4.4 million sharesBy Peter Winter | BioWorld Today | Monday, April 8, 2013 -
Syk 'Em? Rigel Says RA Data Not Far from Pfizer's Phase III
Raul Rodriguez, chief operating officer of South San Francisco-based Rigel, pointed out that the ACR20 score before placebo adjustment was 49 percent, "which isn't that different fromBy Randy Osborne | BioWorld Today | Monday, April 8, 2013
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