GlaxoSmithKline Plc has entered into a four-year contract with an arm of the US government to supply the monoclonal anti-toxin, raxibacumab, for stockpiling against a potential bioterrorist attack. The contract has a value of about $196 million.
MorphoSys AG has raised €84 million in a private placement of shares that received strong support from international investors. The company said the issue, which was priced at €55.76 per share, was heavily oversubscribed. The new shares will be listed on the Frankfurt Stock Exchange.
Affimed Therapeutics AG has announced plans to advance a bispecific antibody into a Phase 2 trial in patients with Hodgkin lymphoma with co-funding from the US Leukemia & Lymphoma Society. The society will invest up to $4.4 million over two years in the project.
The Food and Drug Administration has granted ‘breakthrough therapy’ designation to the Genmab A/S-developed therapeutic antibody ofatumumab and to Boehringer Ingelheim’s (BI) kinase inhibitor volasertib for indications in oncology.
Sanofi SA has taken the unusual step of withdrawing its new drug application (NDA) for the Type 2 diabetes drug, lixisenatide, from the US Food and Drug Administration in order to allow a cardiovascular outcomes study of the drug to finish. The French company said the decision is not related to any safety issues or deficiencies with the application.
Evotec AG, the Hamburg-based drug discovery and development company, has once again joined forces with scientists at Harvard University – this time to identify compounds that could prevent or slow down the loss of motor neurons in disease.
AstraZeneca Plc has moved to further strengthen its position in ovarian cancer with an agreement to in-license a kinase inhibitor from Merck & Co Inc that is currently being evaluated as a combination therapy in patients with certain types of the disease.
Kiadis Pharma BV of the Netherlands has disclosed five-year follow-up data for an allogeneic stem cell treatment for patients undergoing transplantations for leukaemia which showed a survival rate of 67% at the optimal dose. The data has been submitted to a peer-reviewed medical journal for publication.
Anergis SA of Switzerland said that a Phase 2b study of its lead vaccine for birch pollen allergy met the primary endpoint of reducing a symptom and medication score at the lower of two doses. Notably this was shown in a real-life, as opposed to a laboratory setting.
The Debiopharm Group of Switzerland has become the latest company to respond to the global call for new antibiotics with the announcement of an agreement with TCG Lifesciences Ltd to develop treatments for drug-resistant hospital-acquired infections.