Drug Discovery

Pfizer to invest $600m in biotechnology and other growth companies

Pfizer said that it will invest $600m in biotechnology and other emerging growth firms through its venture capital arm Pfizer Ventures for the development of life-changing therapies to patients in need.

Nimbus Therapeutics raises $65m in new capital to expand discovery efforts

Nimbus Therapeutics has raised $65m in new capital to accelerate its pipeline progress and fuel its expansion into new high-value targets aimed at overlapping biological mechanisms in immunology, oncology and metabolic disease.

ENYO Pharma raises €40m to pursue phase II clinical development of HBV and NASH drug

Privately held clinical stage biopharmaceutical firm ENYO Pharma has completed a €40m series B round of financing from US and European investors.

Cara out-licenses Korsuva injection ex-US rights to Vifor Fresenius for $520m

Cara Therapeutics has granted licensing worldwide rights with the exception of the US, Japan and South Korea to commercialize its Korsuva (CR845/difelikefalin) injection to Vifor Fresenius Medical Care Renal Pharma (VFMCRP).

Alivio Therapeutics secures two US patents for inflammation-targeting technology platform

Alivio Therapeutics, an affiliate of PureTech Health, announced that the US Patent and Trademark Office (USPTO) issued U.S. Patent Nos. 9,962,339 and 9,974,859, related to its inflammation-targeting technology platform.

Roche’s two phase 3 studies show Hemlibra reduces bleeding in hemophilia patients

Roche's Hemlibra (emicizumab) has significantly reduced bleeding in hemophilia patients, which was demonstrated in two phase 3 Haven studies.

OptiBiotix Health signs manufacturing and supply deal in India with Akums

OptiBiotix Health has entered into a five year agreement with Akums Drugs and Pharmaceuticals to exclusively manufacture and supply products featuring OptiBiotix's cholesterol and blood pressure reducing strain LPLDL in India.

Surface Pharmaceuticals secures $20m funding from Flying L Partners

Surface Pharmaceuticals, an affiliated company of Imprimis Pharmaceuticals, has entered into a definitive stock purchase agreement with an affiliate of Flying L Partners to raise proceeds of about $20m in a private placement of its Series A preferred stock.

Zymeworks, Daiichi Sankyo expand immuno-oncology partnership

Zymeworks and Daiichi Sankyo have entered into a new license agreement, building upon their cross-licensing and collaboration agreement signed in 2016.