With an inhibitor of the Trk family of receptor tyrosine kinases in phase I, Loxo Oncology Inc. priced an upsized initial public offering (IPO) of about 5.2 million shares at $13 each, raising about $67.6 million for an effort to come up with a best-in-class compound.

In the race with Amgen Inc. to market a proprotein convertase subtilisin/kexin type 9 (PCSK9) inhibitor for high cholesterol, Regeneron Pharmaceuticals Inc. played catch-up by buying a priority review voucher (PRV) for $67.5 million from Biomarin Pharmaceutical Inc., splitting the cost with alirocumab partner Sanofi SA.

With partner Sanofi SA, Regeneron Pharmaceuticals Inc. opened investors' eyes wider by making public the positive outcomes of nine phase III trials with alirocumab, a proprotein convertase subtilisin/kexin type 9 (PCSK9) inhibitor, in hypocholesterolemia.

Kalobios Pharmaceuticals Inc. asked for and got back the rights to KB001-A from Sanofi Pasteur, under terms that at least one analyst deemed "attractive" – especially given that the pharma partner was hardly moving the antibody along at a brisk pace.

Word that a pair of pharmacy benefit managers (PBMs) may drop two nonsteroidal anti-inflammatory drugs (NSAIDs) from their formularies sent Horizon Pharma Inc. shares into a tailspin and caused onlookers to speculate about further pushbacks from payers and their agents against high drug prices.

Gene therapy specialist Applied Genetic Technologies Corp. (AGTC) banked new funds with a stock sale of 2 million shares priced at $15 each, for a net haul of $30 million, following by several months an initial public offering (IPO) that pulled down $50 million.

Companies priced their initial public offerings (IPOs) in two hot therapeutic spaces, immunotherapy and biosimilars, proving that the window remains open – at least for the right candidates, if not at the hoped-for yield. But another firm withdrew its IPO, which could mean tighter times ahead.

Angling to strengthen its position in Hunter syndrome by way of a method past the blood-brain barrier, Shire plc – already an investor in Armagen Technologies Inc. – paid $15 million up front and added an equity investment, sweetening the deal to develop the enzyme replacement therapy AGT-182 for somatic as well as central nervous system (CNS) effects of Hunter syndrome.

With its lead cancer drug unpartnered and a new CEO yet to be chosen, Synta Pharmaceuticals Corp. is advancing the phase II/III AML LI-1 trial to test the chemosensitizing mettle of the heat-shock protein 90 inhibitor ganetespib when paired with low-dose cytarabine (Ara-C) in acute myeloid leukemia (AML) or high-risk myelodysplastic syndrome patients who are not eligible for intensive chemotherapy.

The end of a two-part hearing on ways to speed clinical trials and include more diverse populations without introducing risk or mistakes included testimony by Alkermes plc CEO Richard Pops, who used his five minutes to propose a new framework for patients' help with trials that he said "would fundamentally transform the way we approach these [drug] development programs."