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June 22, 2017

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Today's Rundown

  1. Biotech bounces as the bones of Trump's plans on pricing emerge

  2. Celgene-backed cancer biotech Repare emerges from stealth with $68M

  3. Eli Lilly completes expansion of San Diego biotech center

  4. [Sponsored] PAREXEL’s Connected Journey™ of Data-Driven Services

  5. Seven years after Merck deal, ElexoPharm offloads aldosterone synthase inhibitors to Angion

  6. WSJ: Theranos, Walgreens reach tentative deal to settle $140M lawsuit

  7. Clinigen makes 3 exclusive compassionate-use deals

  8. Pfizer scientists devise 2-pronged attack against blood cancers

  9. Russia slashes spending on cancer drugs amid skyrocketing prices: report

Featured Story

Biotech bounces as the bones of Trump's plans on pricing emerge

Biotech stocks have had their most buoyant patch in months, with three straight days of solid gains on reports that President Donald Trump's threatened crackdown on pricing may not be as tough as feared.

Top Stories

Celgene-backed cancer biotech Repare emerges from stealth with $68M

After 18 months being incubated by Versant Ventures, upstart Repare Therapeutics has emerged from stealth mode with an impressive $68 million.

Eli Lilly completes expansion of San Diego biotech center

Eli Lilly has completed the expansion of its biotech facility in San Diego, California. The Big Pharma has more than doubled the size of the West Coast site and installed an automated, remote-controlled drug design and testing studio. 

[Sponsored] PAREXEL’s Connected Journey™ of Data-Driven Services

How PAREXEL's New Ecosystem of Technology, Processes and Expertise is Transforming Drug Development

Seven years after Merck deal, ElexoPharm offloads aldosterone synthase inhibitors to Angion

ElexoPharm has licensed inhibitors of the aldosterone synthase enzyme to Angion Biomedica. The exclusive pact comes seven years after ElexoPharm struck a deal granting Merck rights to drugs against the same target.

WSJ: Theranos, Walgreens reach tentative deal to settle $140M lawsuit

Walgreens, an early partner and validator for Theranos, sued the latter last fall for breach of contract and sought $140 million in damages. Now, sources say, the pair have reached a tentative agreement to put the suit to rest.

Clinigen makes 3 exclusive compassionate-use deals

Clinigen has signed exclusive agreements with Mitsubishi Tanabe, Shionogi and Romark to cooperate on expanded access to their medicines.

Pfizer scientists devise 2-pronged attack against blood cancers

Most treatments for blood cancers like acute myeloid leukemia (AML) are designed to attack the cancer cells themselves. Now, scientists at Pfizer have figured out how to make those cells even more vulnerable to direct attack—by driving them from their favorite hiding place.

Russia slashes spending on cancer drugs amid skyrocketing prices: report

Russia has long been considered a prime market for Western biopharma companies, and companies ranging from Pfizer to AstraZeneca have been clamoring to comply with President Vladimir Putin’s demand that they ally with local producers and establish manufacturing plants in Russia. But now Russia is pushing back on an issue that has raised concerns around the world: cancer drug prices.

News of Note

Chi-Med said it has just started a phase 1/2 test of HMPL-453 in China that is targeting fibroblast growth factor receptors. Statement

After Seattle Genetics stopped all trials of its blood cancer drug following patient deaths this week, it said in a SEC form that the FDA has now also slapped a formal clinical hold on its IND. SEC form

Bristol-Myers Squibb veteran Elyse Stock, M.D., has been appointed as Biohaven's new chief of portfolio strategy and development. Release

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[Webinar] Outsourcing complex microsurgeries – is it worth the risk?

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[Webinar] Within-Subject Clinical Trials: Intro to New Methods & Stat. Models

In this webinar, we will introduce the rapidly-evolving within-subject clinical trial (WSCT) methods for early phase evidence generation that require fewer people, less time, and usually less funding than traditional early phase methods.

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Events

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