LONDON - The Brexit factor appears to be holding back fundraising across all sectors in the U.K., and life sciences is no exception. After a small pick-up in the second quarter, the third quarter has disappointed, with £214 million (US$263.2 million) raised by U.K. biotechs across the public and private markets. Read More
After its momentum-building end-of-phase II meeting with the FDA, Contrafect Corp. will start a single phase III trial of exebacase to treat Staphylococcus aureus bacteremia before year-end. Read More
Elicio Therapeutics Inc. CEO Robert Connelly acknowledged "a general malaise about cancer vaccines," but described the strategy of his firm to BioWorld as "very different. None of these other approaches [has] delivered the goods to the lymph nodes, where the immune response is orchestrated." Read More
WASHINGTON – Hot on the heels of July's FDA approval of Recarbrio (imipenem, cilastatin and relebactam) in complicated urinary tract infections (cUTIs), Merck & Co. Inc. rolled out pivotal phase III data at the Infectious Disease Society of America's IDWeek 2019 that could support expanding its label to another high-need group, people with hospital-acquired or ventilator-associated bacterial pneumonia (HABP/VABP). Shionogi & Co. Ltd., which is advancing its investigational antibiotic, cefiderocol, in the same indications, also shared new phase III data supporting its use in the high-risk population. Read More
WASHINGTON – A little more than a year after first reporting phase IIb results showing oral TORC1 inhibitor RTB-101 reduced the number of respiratory tract infections (RTIs) in older adults, Restorbio Inc. is illuminating what may be the mechanism behind its efficacy: the up-regulation of innate antiviral immunity. The data, presented at the Infectious Disease Society of America's IDWeek 2019, put the company on track to move into two phase III data readouts next year. Read More
HONG KONG – Singapore's Aslan Pharmaceuticals Ltd. and South Korea's Bukwang Pharmaceutical Co. Ltd. have jointly established a new company dedicated to the development of aryl hydrocarbon receptor (AhR) drug candidates. Named Jaguahr Therapeutics Pte. Ltd. – the unusual spelling a clear reference to "AhR" – it will be based in Singapore and will focus on developing immuno-oncology therapeutics for global markets based on the preclinical AhR antagonists in Aslan's early stage pipeline. Read More
HONG KONG – Hutchison China Meditech Ltd. (Chi-Med) is preparing for the next step after surufatinib achieved its primary endpoint in a phase III SANET-ep study in extra-pancreatic advanced neuroendocrine tumors (NETs) in China. Read More
Adynxx Inc., of San Francisco, said it received notice of an award for $602,516 from the National Institute on Neurological Disease and Stroke, an NIH institute, to support development of AYX-2 to treat chronic pain. The non-opioid candidate is a transcription factor decoy targeting the activity of certain members of the Krüppel-like family of transcription factors. Read More
Predictive Oncology Inc. (formerly Precision Therapeutics Inc.), of Minneapolis, which applies artificial intelligence to personalized medicine and drug discovery, priced a public offering of approximately 6.3 million common shares on a best efforts basis at 50 cents apiece for expected gross proceeds of up to $3.2 million. Read More
After being ordered to pay more than $572 million in August when it was the only opioid manufacturer left standing in a public nuisance trial in Oklahoma, Johnson & Johnson (J&J) and its subsidiaries are not risking a similar outcome in Ohio. J&J disclosed Monday that it agreed to a $10 million settlement with Cuyahoga and Summit Counties with no admission of liability. Read More
DUBLIN – European biotechnology firms engaged in the discovery and development of drugs and other therapeutic modalities raised $2.366 billion in equity financing during the third quarter, taking the running total for the year so far to $5.570 billion. Read More
