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and Blue Ash Therapeutics LLC, of Cincinnati, entered an asset purchase agreement under which Forest has acquired worldwide rights to azimilide, an antiarrhythmic agent originally developed by Procter & Gamble Pharmaceuticals, of CincinnatiBioWorld Today | Wednesday, April 20, 2011 -
Merrimack Pharmaceuticals' Series G Brings in $77M
Synta Pharmaceuticals Corp., of Lexington, Mass., entered common stock purchase agreements with investors for the sale of 7.2 million shares of common stock in an issuer-directed registered direct offeringBy Catherine Shaffer | BioWorld Today | Monday, April 18, 2011 -
Other News To Note
Through an asset purchase agreement, GliaMed will be eligible to receive up to 8,205 shares of newly designated Series E Preferred Stock, convertible into approximately 20 percent of La Jolla's fully diluted outstanding common stock on an as-converted basisBioWorld Today | Wednesday, April 6, 2011 -
Other News To Note
entered a share purchase agreement with D.N.A Biomedical Solutions Ltd., of Rishon, Israel, for theBioWorld International | Wednesday, March 2, 2011 -
Other News To Note
entered a share purchase agreement with D.N.A Biomedical Solutions Ltd., of Rishon, Israel, for the sale of most of its holdings in Entera Bio Ltd., for $1.15 million, and a commitment by D.N.A to invest $250,000 in OramedBioWorld Today | Tuesday, March 1, 2011 -
eTherapeutics Raises $33.6M, London's Invesco to Own 47.7%
NovaDel Pharma Inc., of Bridgewater, N.J., entered a securities purchase agreement to raise $1.6 million in gross proceeds through the sale of 1,667 shares of Series A convertible preferred stock to institutional investorsBy Nuala Moran | BioWorld Today | Wednesday, February 16, 2011 -
Other Financings Of Public Biotechnology Companies: January 2011
Details (Date) Acadia Pharmaceuticals Inc. (San Diego) Private placement of units 12.57U $15 Acadia raised $15M in a private placement from New Enterprise Associates and Venrock (1/11) Adeona Pharmaceuticals Inc. (Ann Arbor, Mich.) Private placement of common stock and warrants 2.85S and W for 1.42S $4 Adeona raised $4M through the sale (1/31) Advanced Cell Technology Inc. (Marlborough, Mass.) Nonconvertible stock purchase agreement 0.0004S $4 Socius CG II LtdBioWorld Insight | Monday, February 14, 2011 -
Other News To Note
4SC AG, of Planegg-Martinsried, Germany, dosed the first patient in its Phase I/II SHORE study of oral pan-histone deacetylase inhibitor resminostat in second-line advanced and metastatic colorectal KRAS-mutant cancer. The 70-patient trial will test the drug in combination with chemotherapy regimen FOLFIRI vs. FOLFIRI alone. The primary endpoint will be progression-free survival (PFS), while secondary endpoints will measure PFS rate after eight weeks and every eight weeks thereafter, time toBioWorld International | Wednesday, January 26, 2011 -
Public Offering to Net a Cool $40M for ArQule
The investment is pursuant to a 2009 Securities Purchase Agreement, and will leave Teva with 6.29 percent ownership in Rexahn.By Catherine Shaffer | BioWorld Today | Friday, January 21, 2011 -
Financings Roundup
The investment is pursuant to a purchase agreement and follows development milestones achieved by Calando, including proof of siRNA delivery and RNAi knockdown of human targetsBioWorld Today | Wednesday, January 19, 2011 -
Other Financings Of Public Biotechnology Companies: December 2010
the funding gives Crucible a post-money valuation of $14M (12/3) Curaxis Pharmaceutical Corp. (OTC BB:CURX) Equity purchase agreement 14.5S $10.7 Curaxis agreed to a $25M equity purchase and line of credit agreement with Southridge Partners IIBioWorld Insight | Monday, January 17, 2011 -
Biotech Restructurings, Scale-Backs, Bankruptcies: January 1 - December 31, 2010
Biotech Company (Country; Symbol) Action Taken Details (Date)# Accentia Biopharmaceuticals Inc. (PK:ABPIQ) Company filed a proposed reorganization plan with the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division; successfully completed its reorganization Accentia expects to emerge from Chapter 11 bankruptcy this summer as a fully restructured company (6/2); Accentia and its subsidiary, Biovest (See Biovest below), said the plan of reorganization was confirmed, and theBioWorld Insight | Monday, January 10, 2011 -
Alkermes Spin-off Civitas Launches with $20M Series A
Under a separate purchase agreement, Lincoln Park committed to purchasing up to $11 million of RegeneRx stock over a 30-month periodBy Catherine Shaffer | BioWorld Today | Monday, January 10, 2011 -
Biotech/Big Pharma Collaborations
January | February | March | April | May | June | July | August | September | October | November | December | December - 2011 Biotech Company Pharma Company Type/Product Area Terms/Details Akorn Inc. H. Lundbeck A/S Akorn's subsidiary, Oak Pharmaceuticals, acquired three off-patent, branded, hospital-based injectables Akorn will make an up-front payment of $45M and a subsequent milestone payment of $15M in cash after three years Amgen Inc. Watson Pharmaceuticals Inc. Deal to developBioWorld Snapshots | Thursday, January 6, 2011 -
Biotech/Biotech Collaborations
January | February | March | April | May | June | July | August | September | October | November | December | December - 2011 Company Company Type/Product Area Terms/Details Ampio Pharmaceuticals Inc. Undisclosed party Deal to acquire rights to a patented orally disintegrating tablet drug delivery technology for use with Zertane, its candidate for premature ejaculation Financial terms were not disclosed AtheroNova Inc. OOO CardioNova (Russian subsidiary of Maxwell BiotechBioWorld Snapshots | Thursday, January 6, 2011 -
Other Financings Of Public And Private Companies
Equity purchase agreement N/A (up to $20) BiOasis Technologies Inc...Purchase agreement 0.9S (up to $20) PharmaGap IncBioWorld Snapshots | Thursday, January 6, 2011 -
PanOptica Raises $30M Series A for AMD Eye Drop Candidate
Advanced Cell Technology Inc., of Marlborough, Mass., entered into a $25 million nonconvertible stock purchase agreement with Socius CG II Ltd., a subsidiary of Socius Capital Group, of New York and Los AngelesBy Tom Wall | BioWorld Today | Tuesday, January 4, 2011 -
Financings Roundup
Nutra would not receive any of these proceeds but might receive $10 million under a separate purchase agreement with LincolnBioWorld Today | Thursday, December 16, 2010 -
Other Financings Of Public Biotechnology Companies: November 2010
served as placement agents for the financing (11/18) Marina Biotech Inc. (MRNA) Securities purchase agreement 1.8S $8.7 Marina sold 1.8M shares at $1.84 per share to raise $8.7MBioWorld Insight | Monday, December 6, 2010 -
Other News To Note
Earlier this month, the company announced that it entered an asset purchase agreement under which Sekisui Chemical CoBioWorld Today | Thursday, December 2, 2010
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