Sucampo Pharmaceuticals Inc. is buying Japanese firm R-Tech Ueno Ltd. through an all-cash tender offer valued at ¥33 billion (US$278 million), a deal CEO Peter Greenleaf said marks both the culmination of the company’s transformation over the past year and the trajectory of its future growth via business development efforts.
In biotech, figuring out how to take cool-sounding science and translate it both through a clinical development pathway and into commercial applications have always been the challenges du jour.
Sucampo Pharmaceuticals Inc. is buying Japanese firm R-Tech Ueno Ltd. through an all-cash tender offer valued at ¥33 billion (US$278 million), a deal CEO Peter Greenleaf said marks both the culmination of the company's transformation over the past year and the trajectory of its future growth via business development efforts.
As widely expected following a positive June advisory vote, the FDA gave its nod to Sprout Pharmaceuticals Inc.'s Addyi (flibanserin) as the first-ever therapeutic approved in the U.S. specifically for hypoactive sexual desire disorder (HSDD) in premenopausal women.
Advocacy groups lobbying for the approval of a therapeutic to treat sexual dysfunction in women celebrated victory late Tuesday with the agency's after-hours nod to Sprout Pharmaceuticals Inc.'s Addyi (flibanserin); however, by Wednesday afternoon, the critics were out in force, accusing the FDA of succumbing to public pressure and approving a drug with a less-than-stellar safety profile.
Aveo Oncology Inc. is getting $15 million up front in a potential $326 million deal with Novartis AG that hands over development and commercialization rights to preclinical-stage growth differentiation factor 15 (GDF15)-targeting antibody AV-380.
Shares of Karyopharm Therapeutics Inc. hit a new 52-week low Monday on news that a higher-than-expected rate of sepsis prompted the Newton, Mass.-based firm to reduce the dose in an ongoing phase IIb study testing selinexor in elderly patients with acute myeloid leukemia (AML).
As controversy and coverage issues continue dragging uptake of available human papillomavirus (HPV) vaccines – the Centers for Disease Control and Prevention reported last week only a 3 percent increase since 2013 among the 13-to-17 age group – Antiva Biosciences Inc. is striding ahead with its direct-acting antiviral approach to HPV infections, thanks to $16 million in a series B financing.
As it awaits an October FDA decision on lifitegrast, a dry eye drug acquired via a 2013 buyout of Sarcode Bioscience Inc., Shire plc is bolstering its ophthalmology offerings with another acquisition, snapping up privately held Foresight Biotherapeutics Inc. for $300 million in cash.
A wider-than-expected second quarter loss and plans to halve the sales team for obesity drug Qsymia (phentermine/topiramate) took a bite out of Vivus Inc.’s shares Friday, but more troubling news for the Mountain View, Calif.-based company – and its competitors – may be the excruciatingly slow uptake in the branded obesity drug market as a whole.
