Drug Sponsors

Kubota Pharmaceutical, SBI Holdings to form joint venture

Monday, January 2, 2017

Kubota Pharmaceutical, a clinical-stage ophthalmology company committed to translating innovation into a diverse portfolio of drugs and devices to preserve and restore vision for millions of people worldwide, and SBI Holdings, Inc. (SBI), a financial services and asset management company based in Japan, announced the signing of a non-binding letter of intent (LOI) to establish a joint venture that will organize and manage special purpose entities to finance the development of ophthalmic drugs and devices. The LOI contemplates that the joint venture will be funded 51% by Kubota Pharma and 49% by SBI. Kubota Pharma and SBI have entered negotiations for a definitive joint venture agreement.

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Capnia, Essentialis merge to create rare disease therapeutics company

Monday, January 2, 2017

Capnia and privately held Essentialis have announced their entry into a definitive merger agreement to create a rare disease therapeutics company. The combined company will be well-positioned to advance diazoxide choline controlled release tablet (DCCR), a once-daily oral tablet for the treatment of patients with Prader-Willi syndrome (PWS). PWS is a rare complex genetic neurobehavioral/metabolic disease. The clinical features of the disease include hyperphagia (unrelenting hunger), as well as metabolic, endocrine, cognitive and behavioral complications resulting in significant morbidity and premature death.

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TPG Capital to acquire Mediware Information Systems

Friday, December 23, 2016

Mediware Information Systems, a in software for healthcare and human services providers, has announced that TPG Capital, the global private equity fund of alternative asset firm TPG, has entered into a definitive agreement to acquire the company from private equity firm Thoma Bravo. The transaction is expected to close during the first quarter of 2017 and is subject to customary closing conditions. Additional terms of the transaction were not disclosed.

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Harbour BioMed acquires Harbour Biomed Antibodies, plans to expand

Tuesday, December 20, 2016

Harbour BioMed, a recently established Shanghai-based company, has acquired Harbour Antibodies for cash and an equity interest in Harbour BioMed to create a new, global oncology-focused biotechnology company. The new company plans to leverage Harbour Antibodies’ patented transgenic mouse platforms to build an internal portfolio of next generation therapeutic antibodies for cancer, expand the range of partnerships and licenses around Harbour’s platforms, and capitalize on the Harbour BioMed management team’s extensive worldwide drug discovery and development expertise.

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GSK opens new global vaccines R&D center in Rockville, Maryland

Tuesday, December 13, 2016

GlaxoSmithKline will inaugurate its newest global vaccines research and development (R&D) center in Rockville, Maryland, further strengthening and expanding its vaccines presence in the USA. Up to 200 new jobs will be created at the Rockville facility, with GSK investing over $50 million in the next two years to continue to develop the site with latest state-of-the-art scientific research technology and equipment.

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Neurimmune, TVM Capital Life Science launch AL-S Pharma

Tuesday, December 13, 2016

Neurimmune and TVM Capital Life Science’s latest fund, TVM Life Science Ventures VII, has announced their investment in AL-S Pharma, a company based in Schlieren/Zurich, Switzerland. AL-S Pharma will develop, to proof-of-concept, AP-101, a human monoclonal antibody targeting misfolded SOD1 for the treatment of amyotrophic lateral sclerosis (ALS) that was generated and preclinically validated by Neurimmune’s Reverse Translational Medicine platform.

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AstraZeneca eliminates 700 positions

Tuesday, December 13, 2016

AstraZeneca will transform its U.S. Commercial business as part of the company’s return to growth strategy. Following the company’s Year End Results announcement this past February, these changes reflect the ongoing focus to further streamline and drive greater efficiency across the entire organization. AstraZeneca continues to face loss of exclusivity impacts from many of its legacy products and works to compete in an ever-changing external environment. By diligently prioritizing, AstraZeneca will continue to successfully launch and commercialize new medicines, meet the needs of our customers and patients, and ultimately help AstraZeneca return to growth.

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