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BioWorld, Deals and M&A
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Bolstering IPF 'Bridge,' Boehringer signs potential €1.1 billion ATX inhibitor deal

July 19, 2019
By Randy Osborne
Seongnam, Korea-based Bridge Biotherapeutics Inc. nailed down a deal with Boehringer Ingelheim GmbH (BI) to develop the former's phase I autotaxin (ATX) inhibitor, BBT-877, for fibrosing interstitial lung diseases, including idiopathic pulmonary fibrosis (IPF).
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Singapore startup Aum bags triple-action cancer candidate in agreement with Inflection

July 19, 2019
By Elise Mak
HONG KONG – Singaporean biotech company Aum Biosciences Pte. Ltd. has in-licensed a potentially first-in-class PIM/PI3K/mTOR inhibitor from Inflection Biosciences Ltd., of Dublin and London, to develop it globally to treat a wide range of cancers.
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Astellas, Frequency in worldwide agreement targeting hearing loss

July 18, 2019
By Lee Landenberger
Astellas Pharma Inc. and Frequency Therapeutics Inc. have agreed to develop and commercialize Frequency's regenerative therapeutic candidate, FX-322, to treat sensorineural hearing loss (SNHL).
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'HAE' now, don't dream: Kalvista game hardly over, bid enters crowded house

July 18, 2019
By Randy Osborne
Kalvista Pharmaceuticals Inc. made big news in October 2017 by way of its handsome deal with Merck & Co. Inc. to advance KVD-001, an intravitreal injection candidate to treat diabetic macular edema (DME).
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Sosei Heptares getting $26M up front in potential $1B GPCR deal with Genentech

July 17, 2019
By Nuala Moran
LONDON – Sosei Heptares has added Genentech Inc. to the list of partners seeking access to its G protein-coupled receptor (GPCR) expertise, signing a collaboration with a headline value of $1 billion with the Roche Group company.
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Convelo, Genentech ink remyelinating therapies alliance

July 17, 2019
By Lee Landenberger
Rising from Case Western Reserve in Cleveland was science that Roche Holding AG's Genentech Inc. could not pass up, so it struck a deal with Convelo Therapeutics Inc. to discover and develop remyelinating medicines for patients with neurological disorders such as multiple sclerosis.
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Aussie immuno-oncology firm Imugene bolsters pipeline with oncolytic virus acquisition

July 17, 2019
By Tamra Sami
PERTH, Australia – Australian immuno-oncology company Imugene Ltd. signed a deal to in-license an oncolytic virus known as CF33 from the City of Hope Comprehensive Cancer Center in Los Angeles, in a move to bolster its pipeline and open up a new area of growth for the company, said CEO Leslie Chong.
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$3.95B up front + $1.1B equity: Galapagos secures its independence through Gilead R&D alliance

July 16, 2019
By Cormac Sheridan
DUBLIN – In what is a truly transformative deal for each company, Gilead Sciences Inc. and Galapagos NV are entering a 10-year research and development alliance under which Galapagos is getting $3.95 billion up front in hard cash plus another $1.1 billion in equity, in return for which Gilead will essentially have an option to ex-European rights on everything emanating from the Belgium firm's clinical and preclinical pipeline. That includes six clinical-stage programs, another 20 in preclinical research and whatever else Galapagos may bring forward – or bring in through its own business development efforts – over the term of the agreement.
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Singapore's Prestige to sell Herceptin biosimilar in Europe through Mundipharma deal

July 15, 2019
By Jihyun Kim
HONG KONG – Prestige Biopharma Pte. Ltd., a Singapore-headquartered pharmaceutical company under the Prestige Group, has agreed to grant exclusive license to U.K.-based multinational company Mundipharma International Ltd. for distribution and sale of its trastuzumab biosimilar, Tuznue, in western European markets, including France, Spain, Norway, Sweden, Denmark, Finland, Portugal, Switzerland and Austria.
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Macrogenics, I-Mab ink enoblituzumab greater China deal

July 12, 2019
By Lee Landenberger
Macrogenics Inc. is taking a further step into Asia as it joins with I-Mab Biopharma (Shanghai) Co. Ltd. in a collaboration and license agreement to develop and commercialize enoblituzumab, an immune-optimized, anti-B7-H3 monoclonal antibody.
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