Almost four years after starting a research collaboration with Novartis Pharma AG, Vertex Pharmaceuticals Inc. secured another $100 million in funding as it nears the clinic with small-molecule kinase inhibitors. (BioWorld Today)
Five public offerings in less than two weeks places 2004 more than a month ahead of last year in terms of follow-on funds raised. The two newest offerings on Tuesday benefited Antigenics Inc., which raised $52.5 million, and Onyx Pharmaceuticals Inc., which raised $156.5 million. (BioWorld Today)
Earning the honor of first biotechnology company to conduct an IPO this year, Eyetech Pharmaceuticals Inc. raised $136.5 million and watched its stock skyrocket on Friday, trading up 54.3 percent from its opening price. (BioWorld Today)
Despite a failed trial last year, Antegren now has garnered some positive Phase III data, meeting its primary endpoint by maintaining a response in Crohn's disease patients. (BioWorld Today)
With hopes of raising $86.25 million to advance two cancer drugs and a preclinical candidate for heart failure, Cytokinetics Inc. filed for its initial public offering. (BioWorld Today)
In the second biotech public offering of the year, Dendreon Corp. raised $130.7 million, money that will be used to fund clinical trials and develop a commercial infrastructure for Provenge. (BioWorld Today)
One year before a potential launch, Inex Pharmaceuticals Corp. found a North American partner - Enzon Pharmaceuticals Inc. - for its cancer drug Onco TCS. (BioWorld Today)
