RegulationApprovalsGastrointestinal March 17, 2023 Everest gets Chinese approval for Xerava to treat cIAI By PBR Staff Writer With this approval, the firm intends to introduce Xerava in the Chinese market in the third quarter of this year. Xerava is a new fully synthetic, broad-spectrum, fluorocycline
Other Diseases March 16, 2023 Mediar Therapeutics announces $105m financing to advance fibrosis therapies By PBR Staff Writer The Series A round was co-led by Novartis Venture Fund and Sofinnova Partners and has seen participation from Pfizer Ventures, Mission BioCapital, Gimv, Pureos, Bristol Myers Squibb, Eli
ApprovalsRespiratory March 15, 2023 China’s NMPA accepts GSK’s drug application review for Nucala to treat SEA By PBR Staff Writer If given approval, Nucala will become the first targeted anti-Interleukin-5 (IL-5) treatment in the country for adult and adolescent patients with SEA. A first-in-class monoclonal antibody to target
Oncology March 14, 2023 Evergreen Theragnostics raises $15m from Series B round By PBR Staff Writer This funding round was primarily subscribed by current shareholders exercising their rights of first refusal. Leveraging this fund raise, Evergreen is launching a new business unit, called Evergreen
Oncology March 13, 2023 Sumitovant Biopharma completes acquisition of Myovant Sciences By PBR Staff Writer The deal was announced on 23 October 2022. Sumitovant has acquired all outstanding shares of Myovant it did not own through the all-cash deal. Following the completion of
Neurology March 10, 2023 QurAlis raises funds to develop neurodegenerative disease medicines By PBR Staff Writer The financing round, which brings the total funds raised by the firm to $143.5m, was led by EQT Life Sciences, investing from Droia Ventures, Sanofi Ventures and the
Drug Discovery March 9, 2023 invoX Pharma completes acquisition of F-star Therapeutics for $161m By PBR Staff Writer F-star is being acquired for a total cash consideration of approximately $161m or $7.12 per share. Currently, F-star is undertaking Phase II trials in Europe and the US.
Oncology March 8, 2023 Volastra in-licenses Amgen’s KIF18A inhibitor sovilnesib By PBR Staff Writer Under the agreement terms, Volastra receives an exclusive global license (ex-China) for the development and commercialisation of sovilnesib. Amgen will, in exchange, receive an upfront mix of cash
Ophthalmology March 7, 2023 Selagine, Grifols agree to develop, commercialise immunoglobulin eye drops By PBR Staff Writer Selagine is a spin-out company from the University of Illinois at Chicago (UIC), while Grifols is a provider of plasma-derived medicines. A biologic drug, an immunoglobulin eye drop
Central Nervous System March 6, 2023 Ractigen receives orphan drug designation for ALS therapy By PBR Staff Writer RAG-17 has been designed to act on and knockdown SOD1 expression in patients with pathogenic mutations that are known to cause ALS. The chemistry of the therapeutic is