Today's Rundown Merrimack 0 for 3 as it dumps cancer drug over safety fears, axes staffers (again) AstraZeneca, Merck, Myriad move to test BRACAnalysis in prostate cancer NeuroServo's portable EEG could become a better way to detect delirium [Sponsored] Biotech Companies Explore Alternative Strategies to Fund Growth EuroBiotech Report—U.K. startups boost, AgomAb funding, Novartis' IFM deal and Galapagos' success FiercePharmaAsia—Daiichi’s new CEO and $6.9B AZ deal; Keytruda China market debate Chutes & Ladders—Soon-Shiong sued over 'catch-and-kill' of potential Abraxane rival Featured Story | Friday, April 5, 2019 Merrimack is dumping another cancer therapy after a recent trial flagged adverse event worries, leading the biotech to swing the ax across its already severely depleted workforce as it gives up on its third and final clinical shot on goal. |
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| Top Stories Thursday, April 4, 2019 After attesting to its use in ovarian, breast and pancreatic cancers, the trio of AstraZeneca, Merck & Co. and Myriad Genetics is now bringing the latter’s companion diagnostic to bear on metastatic castration-resistant prostate cancer. The BRACAnalysis CDx test will be used to hunt for BRCA mutations in men eligible for the Big Pharmas’ PARP-inhibiting Lynparza therapy. Friday, April 5, 2019 Montreal-based NeuroServo is working on an EEG device that could become an objective test for delirium, replacing standardized but subjective questionnaires that are the current standard for diagnosing the condition. Monday, April 1, 2019 Deloitte discusses how biotech companies are exploring alternative strategies to fund growth including IPOs, collaborative arrangements, and share-based payment arrangements. Friday, April 5, 2019 In this week's EuroBiotech Report, Cambridge Innovation Capital committed nearly $200 million to biotechs, agnostic mAb maker AgomAb got off a healthy series A, Novartis penned a potential $1.6 billion biobucks pact with IFM and Galapagos reported positive data for JAK inhibitor filgotinib. Friday, April 5, 2019 Daiichi Sankyo nabbed a $6.9 billion antibody drug conjugate deal with AstraZeneca as it appointed a new CEO; Keytruda became the first PD-1/L1 to land a Chinese nod in untreated non-small cell lung cancer; Chi-Med rolled out positive data for MET inhibitor savolitinib; and more. Friday, April 5, 2019 Soon-Shiong sued over "catch-and-kill" of potential Abraxane rival drug; Gottlieb reflects on his tenure before joining the club of ex-FDA chiefs; and British biotech Artios nabs Eli Lilly, AstraZeneca R&D veteran. Those moves plus more hirings, firings and retirings throughout the industry. 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