Following share offerings in March and April that raised a net $103.2 million, Adaptimmune Therapeutics Plc has sufficient liquidity to fund operations through to late 2019, according to the company’s first-quarter results.
The Oxford, UK oncology company Immunocore Ltd has identified a lead compound in its second discovery collaboration with GlaxoSmithKline Plc which is expected to have potential for treating triple negative breast cancers, oesophageal, gastric and ovarian cancers.
Less than a year after its founding, GammaDelta Therapeutics Ltd has received an investment from Takeda Pharmaceutical Company Ltd, which sees promise in the UK company’s T cell platform as a source for new immunotherapies.
Pfizer Inc has expanded its portfolio of gene therapy assets following a licensing deal with Sangamo Therapeutics Inc giving it exclusive rights to a preclinical product for haemophilia A, a bleeding disorder caused by the lack of clotting factor VIII.
Ablynx NV experienced a net cash outflow of €26.2 million in the first quarter as it maintained a high level of research and development spending to support its portfolio of therapeutic proteins to treat inflammatory, oncology and respiratory diseases.
Royalties from the CD38-targeted antibody therapeutic Darzalex (daratumumab) were the main source of revenue for Genmab A/S in the 2017 first quarter. Developed by Genmab and licensed to Janssen Biotech Inc, the product is approved for the treatment of multiple myeloma.
H. Lundbeck A/S powered ahead in the first quarter of 2017, building on a rolling restructuring programme initiated in the second half of 2015 that has led to increased sales and improved profitability.
Novo Nordisk A/S has revised upward its financial forecast for 2017 following a good performance by Victoza, its glucagon-like peptide-1 (GLP-1) medicine for diabetes in the first quarter. The outlook for both sales and operating profit have been raised slightly.
The Grünenthal Group has opened a new office in greater Boston, Massachusetts to grow its business in the area of therapies for pain, gout and inflammation. Based in Aachen, Germany, Grünenthal had 2016 revenue of €1.4 billion. Its goal is to become a €2 billion company by 2022.
Evotec AG ended the 2017 first quarter with a broader revenue base, two new drug discovery agreements and Novo A/S as a strategic shareholder to help the company execute its strategy as a service provider and research partner for the global pharma industry.