Avacta Group Plc, which has developed a new protein technology for therapeutics, has announced a drug development partnership with Glythera Ltd, a UK developer of antibody drug conjugates (ADC). The goal is to develop ADC drugs for patient care.
A cancer drug that was dropped from development in 2011 but put back into clinical testing two years later with a different group of patients, has received approval for a third indication from the US Food and Drug Administration. The newest approval is to treat patients with certain types of breast cancer whose tumours have a BRCA gene mutation.
Novo Nordisk A/S disclosed on 8 January that it has made a second unsolicited bid for Ablynx NV – this time for €2.6 billion.The Ablynx board has responded saying that the proposal "fundamentally undervalues the company and its future."
The prospect of being able to re-dose a gene therapy has come into the fore with the launch on 4 January of Generation Bio Inc, a company with technology for delivering DNA directly to the liver using lipid nanoparticles rather than a viral vector.
CureVac AG has expanded its therapeutic reach to include projects targeting genetic diseases in addition to its portfolio of candidate drugs for cancer and infectious disease. This follows an agreement with Arcturus Therapeutics Ltd to develop a product to treat ornithine transcarbamylase (OTC) deficiency.
Japan’s Takeda Pharmaceutical Company Ltd has announced plans to acquire the Belgium-based cell therapy company TiGenix NV for €520 million, a company with which it already has a licensing deal for the company’s lead product.
A new Belgian start-up has been launched with Series A funding of €15.2 million to develop re-myelinating therapies for patients with multiple sclerosis and other myelin-related diseases. Called Rewind Therapeutics SA, the company is located in Leuven.
Addex Therapeutics Ltd has leveraged more than a decade of research into addiction with a partnership that will see it co-develop a portfolio product with Indivior Plc, a London-listed and US headquartered specialty pharmaceutical company.
Belgium-based iTeos Therapeutics SA has regained rights to an early-stage cancer drug from Pfizer Inc which was being investigated in a Phase 1 trial as a potential single agent for treating patients with malignant gliomas.
BioNTech AG, Europe’s largest privately-held biotech company, has raised $270 million in a Series A financing round to advance a portfolio of oncology drugs tailored to individual cancers. The round was led by the Redmile Group and joined by the Struengmann Family Office, a founding investor.