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Bench Press: BioWorld looks at translational medicine

Oct. 9, 2017
By Anette Breindl
Editing the myocilin gene, the most frequently mutated gene in primary open-angle glaucoma, reduced glaucoma symptoms in an animal model. Primary open-angle glaucoma is the most frequent form of glaucoma in the U.S., affecting roughly 3 million people.
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In the clinic

Oct. 9, 2017
Aveo Oncology Inc., of Cambridge, Mass., completed a pre-planned futility analysis of its phase III TIVO-3 trial comparing Fotivda (tivozanib) to Nexavar (sorafenib, Bayer AG) in patients with refractory advanced renal cell carcinoma after 128 progression events and decided to continue the trial as planned without modification.
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Other news to note

Oct. 9, 2017
Beximco Pharmaceuticals Ltd., of Dhaka, Bangladesh, said that it has entered into a non-binding memorandum of understanding under which in may acquire 85.22 percent of Nuvista Pharma, another Bangladeshi drugmaker specializing in hormones and steroid drugs.
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Financings

Oct. 9, 2017
Panoptica Inc., of Bernardsville, N.J., said it secured $11 million in a series B financing. The additional financing, provided by Third Rock Ventures and SV Health Investors (formerly SV Life Sciences), will enable clinical advancement of PAN-90806, a small-molecule anti-vascular endothelial growth factor (anti-VEGF) eye drop for the treatment of neovascular eye diseases.
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Alternate circuit may yield obesity, cachexia targets

Oct. 9, 2017
By Anette Breindl
One of the challenges for weight loss is that the body is evolutionarily programmed to worry about famines, not feasts. As a result, losing weight, if not exactly easy, is achievable for many individuals. Keeping that weight off, though, is a formidable challenge, because weight loss sets off powerful compensatory mechanisms in the body.
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Abbvie completes $293M Singapore plant with biologics facility

Oct. 9, 2017
By David Ho
HONG KONG Abbvie Inc. has added a biologics manufacturing unit in its Singapore plant, to ensure sufficient supply of biomedicines and perfect the ecosystem of biologics innovation in the region.
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EMA anticipates gap with move, seeks $41.5M for temporary workers

Oct. 9, 2017
By Nuala Moran
LONDON – The EMA is trying and plug an expected gap in the staff roster when it leaves London, publishing a £31.8 million (US$41.5 million) tender for the provision of temporary workers over the next four years.
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Study: Many EMA-approved cancer drugs don't improve survival

Oct. 9, 2017
By Nuala Moran
LONDON – Only half of the cancer drugs approved by the EMA from 2009 to 2013 are increasing overall survival or improving quality of life, according to a study in the British Medical Journal.
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Money raised by biotech: 2017 vs. 2016

Oct. 6, 2017


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Flu fighters: $46.7M rocks Visterra, pieces of APRIL key in nephropathy bid

Oct. 6, 2017
By Randy Osborne
"Nobody has done this before," Visterra Inc. CEO Brian Pereira told BioWorld, talking about the company's approach in immunoglobulin A (IgA) nephropathy, an effort that is part of what fueled his company's just-finished $46.7 million series C financing. Using computational tools and methods from the Massachusetts Institute of Technology, Visterra is "not an antibody discovery company," he said. "We design and engineer novel antibody-based solutions" that include monoclonal antibodies (MAbs), bispecific antibodies and antibody-drug conjugates (ADCs).
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