There are millions of fungal species, but it appears only a few hundred of them cause serious fungal infections that are responsible for an estimated 1.5 million deaths globally each year and are equally as dangerous as bacterial and viral infections. Last week, the U.S. CDC pointed the spotlight on this situation with its Fungal Disease Awareness Week.
Anti-infective drugs approved over the last two decades were able to get through the clinical development and FDA approval processes substantially faster than other drugs, according to a new report from the Tufts Center for the Study of Drug Development.
Without the COVID-19 pandemic, projected values of biopharma nonprofit collaborations and grants would be 72% and 30% below last year’s levels, although it is impossible to know what deals may have come to fruition in a world absent of the disruptive SARS-CoV-2 virus.
Sessions at the European Society for Medical Oncology Virtual Congress, that has just concluded, provided an excellent opportunity for investors and analysts alike to familiarize themselves with the late-stage progress of new therapeutics aimed at improving cancer treatment. Overall, data presented at the meeting appear to have been positively received, a factor that has helped push up the value of the price-weighted BioWorld Cancer index this month.
The number of biopharma deals and mergers and acquisitions completed so far within the past three months are significantly down from each of the first two quarters of 2020. But despite slumping activity and uninspiring M&A values, the projected values of licensings, collaborations and joint ventures, at about $45.4 billion, has placed the nearly complete third quarter in line with the rest of the year. That is mainly due to July and August having two of the largest deals for the year. Together, they make up 27% of the money disclosed in the third quarter, although there is still a week and a half left in September.
RSS
