Drug Sponsors

Biotech companies raise record amount of capital in Q1

Monday, April 13, 2015

Although the financial market turbu­lence in the first quarter of 2015 scared some investors, it did not slow down public and private biotechnology companies from collectively raising a record-setting $14 billion—nearly 50% more than the total raised in the first quarter of 2014, which was consid­ered the high watermark for the industry.

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Pfizer launches competitive grants program for cardiovascular disease research

Friday, April 10, 2015

Pfizer has launched a new competitive grants program to support research projects investigating the role of Proprotein Convertase Subtilisin Kexin type 9 (PCSK9) in health and cardiovascular disease. This competitive grants program, which is an extension of the Advancing Science through Pfizer Investigator Research Exchange (ASPIRE) Cardiovascular program, is part of Pfizer’s ongoing commitment to translate scientific discoveries into innovative medicines for patients with cardiovascular disease.

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Eisai to restructure U.S. operations, cut workforce 25%

Friday, April 10, 2015

Eisai Inc., a U.S. subsidiary of Eisai Co., a global R&D-based pharmaceutical company headquartered in Japan, plans to restructure its operations in the U.S., including a reduction of its workforce by approximately 25% across various U.S. functions. This realignment supports Eisai’s desire to create a more efficient and focused organization.

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Arvinas, Merck to collaborate

Wednesday, April 8, 2015

Arvinas, a New Haven, Conn.-based private biotechnology company creating a new class of drugs based on protein degradation, has formed a strategic collaboration with Merck in which Arvinas’ novel PROTAC technology will be used to degrade target proteins to create novel therapeutics. The multi-year collaboration will encompass multiple disease targets across several therapeutic areas.

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