Drug Discovery

Tmunity raises another $35m to advance T Cell therapies

Tmunity Therapeutics, a biotherapeutics company focused on developing next-generation T cell immunotherapy, has raised new funding of $35m in a Series A investment from Kleiner Perkins and affiliates.

Shire rejects $63bn takeover proposal from Takeda

Ireland-based Shire has rejected a $63bn acquisition offer from Takeda Pharmaceutical, saying that it undervalues the company, its growth prospects and pipeline.

Sandoz, Pear to commercialize prescription digital therapeutics

Sandoz, a division of Novartis, and Pear Therapeutics have agreed to jointly commercialize and continue development of novel prescription digital therapeutics designed to treat disease and improve clinical outcomes for patients.

Novartis to invest $100m into antimalarials research

Novartis said that it will invest more than $100m to advance research and development of new antimalarials over the next five years.

Kalytera scraps pre-clinical programs in bone disease

Kalytera Therapeutics has announced the termination of its pre-clinical development programs in the treatment of bone disease to focus its resources on graft versus host disease (GVHD) and pain programs.

Inovio secures $56m from CEPI to advance DNA vaccines against Lassa fever and MERS

Inovio Pharmaceuticals has secured funding from the Coalition for Epidemic Preparedness Innovations (CEPI) to develop vaccine candidates against Lassa fever and Middle East Respiratory Syndrome (MERS).

Orchard Therapeutics to buy GSK’s rare disease gene therapy portfolio

Privately held clinical-stage biotechnology firm Orchard Therapeutics has agreed to acquire the rare disease gene therapy portfolio of GlaxoSmithKline (GSK).

Mylan bags license to commercialize Fujifilm’s Humira biosimilar in Europe

Mylan has acquired an exclusive license to commercialize a biosimilar to Humira (adalimumab), developed by Fujifilm Kyowa Kirin Biologics, in Europe.

Alexion to acquire Wilson Therapeutics for $855m

Alexion Pharmaceuticals has agreed to acquire Wilson Therapeutics, a Sweden-based company that develops therapies for rare copper-mediated disorders, for SEK7.1bn ($855m).