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Home » Newsletters » BioWorld

BioWorld

April 25, 2013

View Archived Issues

Amgen Product Sales, Revenues Fall Short of Street Estimates

Amgen Inc.'s first quarter earnings fell short of Wall Street estimates, with the Thousand Oaks, Calif.-based company posting $4.24 billion in revenues, shy of the $4.38 billion expected by consensus. Read More

CBO: Key to Innovation is Making it a National Priority

To spur innovation in biopharma and other industries, Congress must make it a national priority, according to the Congressional Budget Office (CBO). Read More

Top-Down and Bottom-Up, Artificial Organs Progress

With more than 15,000 patients in the U.S. waiting for a liver, and nearly 100,000 for a kidney, the most dramatic need for artificial organs is for transplant. Read More

New Partnerships Sought to Innovate Drug Development

CHICAGO – Innovation was the topic of a heavily attended supersession at BIO 2013 that featured presenters from big pharma, academia, federal agencies and the venture capital (VC) community but, interestingly, no biotechs. Read More

Price Caps, Other Hazards Face Developing-Region Patent Bids

CHICAGO – Navigating the patent landscape in developing countries is hard enough, and made even trickier by such moves as the one made earlier this month by El Salvador, which passed a law that cut prices by at least 30 percent for more than 6,000 medicines, and as much as 60 percent for the most common therapies. Read More

Stock Movers

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New Approaches to Vaccines: Teach Immune System to Fish

CHICAGO – Introducing a panel on new approaches to vaccine development at the BIO International Conference in Chicago, Inovio Pharmaceuticals Inc. Chief Operating Officer Niranjan Sardesai quoted a well-known proverb, "Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime," to illustrate the difference between drugs and vaccines. Read More

Elan Plans to Assemble a 'Constellation' of Transactions

DUBLIN, Ireland – Two days after the board of Elan Corp. plc unanimously rejected Royalty Pharma's $7.3 billion takeover offer, CEO Kelly Martin set out, as best he could, the contours of the company's M&A strategy during a first-quarter results call with analysts Wednesday. Read More

Financings Roundup

• Genticel SA, of Toulouse, France, raised €18.2 million (US$23.6 million) in a private equity round led by Wellington Partners, to move ProCervix, its bivalent therapeutic vaccine for combating human papillomavirus (HPV) infection into Phase II trials. Read More

Other News To Note

• Addex Therapeutics, of Geneva, said regulatory authorities in the Netherlands gave approval to start in the first half of this year a Phase I study of ADX71441, a GABA-B receptor positive allosteric modulator, for Charcot-Marie-Tooth1A (CMT1A) neuropathy and other disease indications. Read More

Clinic Roundup

• Chimerix Inc., of Durham, N.C., said that its Phase III SUPPRESS trial of CMX001 for cytomegalovirus following allogeneic hematopoietic stem cell transplant now has a finalized design for population, endpoints, dosing and duration of therapy. The details were settled following an end-of-Phase II meeting with the FDA in May 2012. Read More

Pharma: Other News To Note

• GE Healthcare, of Chalfont St. Giles, UK, and Eisai Inc., of Woodcliff Lake, N.J., inked a research collaboration agreement for use of the GE Healthcare investigational PET amyloid imaging agent [18]flutemetamol to help select patients for a Phase I trial testing Eisai's E2609, a BACE inhibitor for the potential treatment of Alzheimer's disease. Read More

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