Finance, Grants, Deals

Sanofi acquires US firm developing kinase inhibitors

Sanofi-Aventis SA is acquiring TargeGen Inc, a privately held US company that specialises in developing small-molecule kinase inhibitors for treatment of haematological malignancies.

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Location

France

SV Life Sciences raises $523 million for fifth fund

SV Life Sciences said that it has raised more than $523 million for its fifth international life sciences fund which will focus on providing start-up, early stage and expansion capital to life science companies in the US and Europe.

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Location

United States

MorphoSys in-licenses antibody targeting CD19

MorphoSys AG has agreed to pay $13 million for rights to an anti-CD19 monoclonal antibody that is scheduled to start a Phase 1 study in cancer patients in the US shortly. It is the company’s first in-licensing deal for a clinical compound.

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Location

Germany

Gilead to pay $120 million for kinase biology company

Gilead Sciences Inc has agreed to pay up to $120 million to acquire CGI Pharmaceuticals Inc, a privately-held US company with a library of small molecule kinase inhibitors. CGI’s lead preclinical compound may have application in RA.

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Location

United States

Sanofi-Aventis invests in new diabetes agent

Sanofi-Aventis SA has entered into a licensing agreement with Metabolex Inc of the US to develop a novel treatment for Type 2 diabetes that targets the G protein-coupled receptor 119. The deal could be valued at $375 million if a product is commercialised.

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Location

France

Crucell and J&J to investigate RSV vaccine

Crucell NV has announced the start of a project to discover a universal prophylactic vaccine against the respiratory syncytial virus (RSV), a cause of serious respiratory illnesses in infants and children. It will be working with a unit of Johnson & Johnson.

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Location

Netherlands

Diamyd partners its diabetes vaccine with J&J unit

Diamyd Medical AB has partnered its lead antigen-based therapy for the treatment and prevention of Type1 diabetes with Ortho-McNeil-Janssen Pharmaceuticals Inc (OMJPI), a unit of Johnson & Johnson.

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Location

Sweden

Sanofi and Regulus form microRNA alliance

Sanofi-Aventis SA and Regulus Therapeutics Inc have formed a global alliance to develop and commercialise medicines based on microRNA, a class of small ribonucleic acid molecules that regulate gene expression.

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Location

France

Alliance formed to research anti-cancer stem cell therapies

OncoMed Pharmaceuticals Inc of California and Bayer Schering Pharma AG of Berlin have entered into a global alliance to develop therapies that attack cancer stem cells.

 

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Location

Germany

Pharnext raises €4.8 million for trial of combination drug

A three-year-old French biopharmaceutical company, Pharnext SAS, has raised €4.8 million in a Series A round to take a new combination drug into the clinic to treat an inherited neurological disorder known as Charcot-Marie-Tooth disease.

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Location

France

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