Revolution Medicines Inc. (NASDAQ:RVMD) shares closed at $28.90, a 70% jump above the $17 price in its upsized IPO of 14 million shares, which raised $238 million, showing further confidence in the Redwood City, Calif.-based company’s bid to blast cancer targets once deemed “undruggable.” Read More
Health and Human Services (HHS) Secretary Alex Azar was peppered with questions about the Trump administration’s budget proposal for fiscal 2021 during a Feb. 13 Senate hearing. However, another theme that resonated during the hearing was Senate legislation addressing drug prices. Azar addressed the issue of price caps, while noting that the bill “leaves plenty of room” for both ample profit margins and innovation in drug development. Read More
Spain's Sanifit Laboratoris SL, a company developing treatments for calcification disorders, has dosed the first patient in a phase III trial of its lead asset, SNF-472, for the treatment of the rare and sometimes deadly disease calciphylaxis, a calcium accumulation disorder. Read More
BEIJING – Chinese biotech companies are focusing on fighting the novel coronavirus, now named as COVID-19 by the WHO, after the country’s government called for all possible assistance. With its Trimer-Tag technology, Chengdu-based Sichuan Clover Biopharmaceuticals Inc. is among the first to reveal production of a vaccine candidate against COVID-19. Read More
Mark Tepper, the founder of newly launched Eumentis Therapeutics Inc., plans to use the company’s recent $2 million Small Business Innovation Research (SBIR) grant to fund IND-enabling studies for EM-036, a nitro-aminoadamantane N-methyl-D-aspartate receptor antagonist to treat Alzheimer's disease and autism spectrum disorders. Read More
Clinical updates, including trial initiations, enrollment status and data readouts and publications: Acucela, Advaxis, Annovis, Arcutis, Aveo, Ciclomed, Corvus, Hepion, Immunogenx, Innovation, Sanifit, Scynexis, Trovagene. Read More
Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Afaxys, Amarillo, Amorchem, Calidi, Codagenix, CSL Behring, Dendreon, Evgen, Forma, Homology, Human Microbiology Institute, Promedior, Riptide, Roche, Tetra Bio-Pharma, Therapeuticsmd, Xiamen Weiyang. Read More
Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Avenue, BMS, Can-Fite, Cortexyme, Deciphera, Diurnal, Seattle Genetics, Soligenix, Zhittya Genesis. Read More
