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June 24, 2016

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Today's Rundown

  1. Uncertainty for biotech as U.K. exits EU, Prime Minister to resign

  2. Medivation slams Sanofi’s ‘misleading’ claims as merger saga continues

  3. CRISPR Therapeutics adds $38M to Series B pot, but lags behind Parker

  4. MolMed gains European conditional nod for ‘suicide gene’ drug

  5. Cancer immunotherapy may increase risk of developing rheumatologic disorders: Johns Hopkins study

  6. EuroBiotech Report: A-list backers pump £45M into COPD player with Nasdaq aspirations

  7. Chutes & Ladders: Valeant names Sam Eldessouky its accounting head



Featured Story

Uncertainty for biotech as U.K. exits EU, prime minister to resign

It was a shock result for the U.K. this morning as the public decided by a narrow margin of 52-48 to leave the European Union, in what will have a profound impact on the economy and the life sciences industry--and has already claimed the scalp of the country's leader.



Top Stories

Medivation slams Sanofi’s ‘misleading’ claims as merger saga continues

Friday, June 24, 2016

The increasingly drawn-out play from Sanofi to buy cancer biotech Medivation shows no signs of being settled soon as the biotech’s management continues to push back against the French Big Pharma.

CRISPR Therapeutics adds $38M to Series B pot, but lags behind Parker

Friday, June 24, 2016

CRISPR Therapeutics has raised an additional $38 million as part of its Series B raise, bringing its total to an impressive $140 million--but the company will not be the first to bring the gene editing into the clinic, with this likely to come from Sean Parker’s research outfit.

MolMed gains European conditional nod for ‘suicide gene’ drug

Friday, June 24, 2016

Italian biotech MolMed has been given the backing of European regulators for its new drug that can help blood cancer patients live longer after receiving stem cell transplants to help with their disease.

Cancer immunotherapy may increase risk of developing rheumatologic disorders: Johns Hopkins study

Friday, June 24, 2016

Johns Hopkins University researchers have found a link between cancer immunotherapy drugs and an increased risk of developing rheumatologic disorders--that they expect to only be exacerbated as their use increases. They conducted what’s thought to be the largest published study of patients taking immunotherapies aimed at examining the potential connection between the drug class and these sorts of diseases.

EuroBiotech Report: A-list backers pump £45M into COPD player with Nasdaq aspirations

Thursday, June 23, 2016

Verona bags £45 million for a COPD trial, Circassia’s flop hits Woodford and Novo A/S names the CEO of its $57 billion fund. And more.

Chutes & Ladders: Valeant names Sam Eldessouky its accounting head

Friday, June 24, 2016

Valeant names an accounting head, J&J's longtime IR head retires, and Biogen names an EVP of pharma ops and technology. Plus other hirings, firings and retirings around the industry.




News of Note

Pfizer has completed its acquisition of Anacor Pharmaceuticals, saying "now that Anacor is part of Pfizer, we can accelerate our shared commitment to help patients with inflammatory disease.” Statement

GE Healthcare has opened a 500-strong Marlborough, MA, site, committing $27 million to biopharmaceutical innovation and growth ahead of GE’s corporate headquarters move to Boston. Release

Cambridge, MA-based Seres Therapeutics has signs a collab with the Massachusetts General Hospital to Identify microbiome therapeutics for obesity. Statement

San Francisco’s EpiBiome, a microbiome engineering company, has secured $1 million in debt financing from Silicon Valley Bank. Release


Resources

[Webinar] Cast Your Vote For An Exclusive Data Services Webinar by SDC

Sponsored by: SDC

Interested in intended use validation of SaaS-based EDC systems? Prefer to discuss rescue study strategies and considerations? How about understanding statistical power for non-statisticians? Vote for your favorite webinar topic to be presented by SDC at DIA on June 28, 2016, 12pm EDT. Cast Your Vote Here to receive your exclusive event invitation and a recording of the webinar after the event.

[Whitepaper] The Remarkable Rebirth of Cancer Immunotherapy

Sponsored by: Covance

Al Blunt, MD, Executive Medical Director, Oncology at Covance discusses how the lessons learned from the past decade of developing targeted therapies are relevant to the future development of cancer immunotherapy. Download today!

[Whitepaper] Complimentary IDMP Report from Gartner

Sponsored by: Veeva Systems

Gartner research on short- and long-term strategies for IDMP compliance.


Events

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