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BioWorld - Saturday, June 10, 2023
Home » Topics » Deals and M&A

Deals and M&A
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Brain illustration

Building ‘Confodence’: Confo enters potential $182M GPCR pact with Daiichi Sankyo

March 30, 2023
By Cormac Sheridan
No Comments
Confo Therapeutics NV closed out March in much the same way as it began the month – with a deal. The Ghent, Belgium-based company has entered a collaboration agreement with Daiichi Sankyo Co. Ltd. to generate brain-penetrant small-molecule agonists to an undisclosed G protein-coupled receptor (GPCR) implicated in central nervous system diseases.
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EIP and Diffusion will merge to become Cervomed with Lewy body disease study set for this year

March 30, 2023
By Lee Landenberger
No Comments
It’s been nearly 10 years since John Alam co-founded privately held EIP Pharma Inc. and the company’s upcoming merger with publicly traded Diffusion Pharmaceuticals Inc. will add scientific and financial muscle to its drive for a successful Lewy body treatment. To him, dealing with groundbreaking science requires patience.
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Brexafemme

Scynexis makes good on Brexafemme out-licensing promise in $593M GSK pact

March 30, 2023
By Randy Osborne
No Comments
The advance of antifungals – a class long needful of new therapies – continued with Scynexis Inc.’s potential $593 million exclusive license agreement with GSK plc for Brexafemme (ibrexafungerp), first cleared by the U.S. FDA in June 2021 and indicated for vulvovaginal candidiasis (VVC) as well as for reduction of recurrent VVC.
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Brain and DNA

Biorchestra inks potential $861M deal to develop therapies for neurological disorders

March 29, 2023
By Doris Yu
No Comments
Biorchestra Co. Ltd. reached an exclusive research, option and licensing contract with a U.S.-based company to use its targeting technology platform to develop nucleic acid therapies to treat neurological disorders in a deal valued up to $861 million.
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Junshi, Rxilient form JV to develop and commercialize PD-1 toripalimab across Southeast Asia

March 29, 2023
By Tamra Sami
No Comments
Junshi Biosciences Co. Ltd. and Rxilient Biotech Pte Ltd. are forming a joint venture (JV) to develop and commercialize Junshi’s PD-1 inhibitor, toripalimab, in nine Southeast Asian nations, including Thailand, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines and Vietnam.
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Cancer research illustration

Covant bonds with Boehringer in $481M covalency-driven oncology deal

March 29, 2023
By Caroline Richards
No Comments
Boehringer Ingelheim GmbH has agreed to pay Covant Therapeutics Inc. $10 million for exclusive rights to the latter’s ADAR1-targeting immuno-oncology program. Under the terms of the exclusive research collaboration and worldwide licensing agreement, newly unveiled drug discovery company Covant will carry out the preclinical work in creating an ADAR1 small-molecule inhibitor, with Boehringer offering its scientific expertise to help advance the program into the clinic.
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Neon brain

Biohaven acquires early stage TYK2/JAK1 inhibitor from Highlightll in $970M deal

March 28, 2023
By Doris Yu
No Comments
Biohaven Ltd. has acquired global rights, excluding China, from Highlightll Pharmaceutical Co. Ltd. to develop and commercialize a dual inhibitor of tyrosine kinase 2 (TYK2) and JAK1, BHV-8000 (TLL-041), for the treatment of brain disorders in a deal worth up to $970 million.
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Bio-Europe Spring 2023: China’s appetite for more complex deals is growing

March 28, 2023
By Caroline Richards
No Comments
The increased availability of capital, greater access to talent, strong local governmental support and more focused attention on IP issues have increased the complexity of deals taking place between biotech and big pharma companies in China, according to Michelle Chan, chief business officer of Insilico Medicine Inc.
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Triastek and Boehringer Ingelheim International collaboration signing ceremony

Triastek taps into technology for unique pipeline development

March 28, 2023
By Doris Yu
No Comments
Triastek Inc., a digital pharmaceutical solutions company, is taking a unique approach by using 3D printing technology to develop a pipeline that spans rheumatoid arthritis (RA), clotting disorders, ulcerative colitis and pulmonary hypertension. Its technology was recently validated through a partnership with Boehringer Ingelheim GmbH. The company’s 3D printing products include T-19, T-20 and T-21, which have all received IND approval from the FDA.
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Billion dollar deals blossom for Evotec and Bicycle

March 28, 2023
By Lee Landenberger
No Comments
Two new deals, one a renewal that ups the ante on a previous agreement, have the potential to generate more than $1 billion each.
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