Genentech Inc.'s stock was nicked more than 6 percent Friday by news of a "dear doctor" letter regarding the colorectal cancer drug Avastin, but on Monday showed signs of rebounding from concern that William Tanner, analyst with Leerink Swann & Co. in New York, called "overblown." (BioWorld Today)

Palatin Technologies Inc. could make more than $250 million via a strategic alliance with King Pharmaceuticals Inc. for the development and commercialization of Palatin's male and female sexual dysfunction candidate, PT-141. (BioWorld Today)