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BioWorld - Wednesday, May 18, 2022
Home » Topics » Deals and M&A

Deals and M&A
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China U.S. deal

Merck acquires global rights to cancer drug from Kelun in $1.4B deal

May 17, 2022
By Doris Yu
No Comments
In a deal potentially worth more than $1.4 billion, Sichuan Kelun Pharmaceutical Co. Ltd. has out-licensed a large molecule drug in cancer to Merck & Co. Inc. for development and commercialization outside mainland China, Hong Kong, Macao, and Taiwan.
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Pfizer breathes life into biopharma M&As; Jazz leads dealmaking

May 17, 2022
By Karen Carey
No Comments
While biopharma mergers and acquisitions are at an all-time low, a company that stood in the front battle lines fighting the COVID-19 pandemic not only completed the top M&A so far in 2022, but it also announced plans for another mega-merger shortly thereafter.
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Induced pluripotent stem cells

Evotec, Sernova team up to develop functional cure for type 1 diabetes

May 17, 2022
By Cormac Sheridan
No Comments
Evotec AG and Sernova Corp. are joining forces in a bid to develop a functional cure for type 1 diabetes. The companies plan to file an IND early in 2024 for a combined cell therapy and medical device product comprising Evotec’s human beta cells, derived from the company’s induced pluripotent stem cell platform, and Sernova’s Cell Pouch delivery system, which provides transplanted cells with a vascularized, physiologically appropriate environment that enables them to secrete insulin and other hormones involved in regulating blood glucose levels.
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F2G finds partner for antifungal olorofim in $480M Shionogi deal

May 17, 2022
By Nuala Moran
No Comments
Antifungals specialist F2G Ltd. has signed an agreement with Japanese pharma Shionogi & Co. Ltd. for development and commercialization of its treatment for invasive aspergillosis in both Asia and Europe. Under the terms of the deal, F2G is getting $100 million up front and regulatory and commercialization milestones of up to $380 million. The two partners will share clinical development costs.
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Nouscom unveils Janssen deal as lead cancer vaccine cleared for trials

May 17, 2022
By Nuala Moran
No Comments
Off-the-shelf cancer vaccine specialist Nouscom AG has taken the wraps off a multiproject agreement with Janssen Research and Development LLC, after the lead candidate received FDA approval to enter clinical trials.
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Concept of business partnership

Taiho goes Pearl diving, brings up $405M Cullinan deal

May 17, 2022
By Randy Osborne
No Comments
Cullinan Oncology Inc.’s lead program deal with Otsuka Holdings Co. Ltd. subsidiary Taiho Pharmaceutical Co. Ltd. brings $275 million up front and the potential for as much as $130 million in regulatory milestone payments.
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Eye exam

Zhaoke licenses Asian rights to Visus presbyopia candidates in $130M deal

May 17, 2022
By Tamra Sami
No Comments
Visus Therapeutics Inc. has out-licensed phase III candidates Brimochol and Carbachol to Hong Kong’s Zhaoke Ophthalmology Ltd. to develop and commercialize its long-acting, presbyopia-correcting eye drops in greater China, South Korea and select Southeast Asian territories.
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Global vaccine.png

Zhifei Lvzhu wins rights to whooping cough vaccine from Intravacc

May 17, 2022
By Doris Yu
No Comments
Beijing Zhifei Lvzhu Biopharmaceutical Co. Ltd. has picked up rights to a whooping cough vaccine candidate from Intravacc B.V. on undisclosed terms. Zhifei Lvzhu gained exclusive rights to develop and commercialize the vaccine in China, as well as nonexclusive rights in Africa, South America, and selected Asian countries. In turn, Intravacc is eligible to receive milestone and up-front payments plus royalties on net sales of the vaccine, should it reach market.
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Oral medication

Orion picks up rights to Jemincare non-opioid pain drug in €15M deal

May 17, 2022
By Doris Yu
No Comments
Orion Corp. has secured exclusive global rights, outside China, to a non-opioid pain drug candidate from Jiangxi Jemincare Group Co. Ltd. The deal, for oral sodium channel inhibitor JMKX-000623, brought Jemincare €15 million (US$15.6 million) up front. 
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Astrazeneca widens hunt for epigenetic drugs in second Proteros deal

May 16, 2022
By Cormac Sheridan
No Comments
Astrazeneca plc has signed up for more of the heavy-duty structure-based drug discovery services Proteros Biostructures GmbH specializes in, inking an extension to their existing collaboration agreement.
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