Ligand to acquire Crystal Bioscience
Under the terms of the agreement, Ligand will pay Crystal shareholders $25 million in cash at closing, up to an additional $10.5 million of success-based milestones, and revenue
Swedish Orphan Biovitrum (Sobi) has received a complete response letter from the US Food and Drug Administration (FDA) regarding its biologics licence application for nanoencapsulated sirolimus plus pegadricase (NASP), an investigational therapy intended for adults with uncontrolled gout.
The over-subscribed round brings the company's total capital raised to more than $80 million. Recursion augments traditional drug discovery approaches, most prominently phenotypic screening, with artificial intelligence (AI).
Adcetris is an antibody-drug conjugate (ADC) directed to CD30, a determining marker of Hodgkin lymphoma. The ADC includes an anti-CD30 monoclonal antibody attached by a protease-cleavable linker to