Drug Sponsors

Cystic Fibrosis Foundation opens research lab

Tuesday, September 20, 2016

The Cystic Fibrosis Foundation has announced the official opening of a new, one-of-a kind research facility in Lexington, Massachusetts. Operated by Cystic Fibrosis Foundation Therapeutics (CFFT), an affiliate of the CF Foundation, the lab is designed to identify and test potential therapies for rare and common mutations of cystic fibrosis, with the ultimate goal of bringing new treatments to people living with the disease.

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Catalent to acquire Pharmatek

Thursday, September 15, 2016

Catalent, a global provider of advanced delivery technologies and development solutions for drugs, biologics and consumer health products, has announced an agreement for Catalent, through its wholly owned subsidiary, Catalent Pharma Solutions, to acquire Pharmatek Laboratories, a West Coast, U.S.-based specialist in drug development and clinical manufacturing.

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Allergan to acquire Vitae Pharmaceuticals for $639M

Thursday, September 15, 2016

Allergan, a global pharmaceutical company, and Vitae Pharmaceuticals, a clinical-stage biotechnology company, have entered into a definitive agreement under which Allergan will acquire Vitae for $21.00 per share, in cash, for a total transaction value of approximately $639 million. The Boards of Directors of both companies have unanimously approved the transaction.

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Sanofi, Verily Life Sciences launch Onduo for diabetes management platform

Wednesday, September 14, 2016

Sanofi and Verily Life Sciences, (formerly Google Life Sciences), an Alphabet company, have announced the launch of Onduo, a joint venture created through Sanofi and Verily’s diabetes-focused collaboration. The joint venture is based in Kendall Square in Cambridge. Onduo’s mission is to help people with diabetes live full, healthy lives by developing comprehensive solutions that combine devices, software, medicine, and professional care to enable simple and intelligent disease management.

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Horizon Pharma to acquire Raptor Pharmaceutical

Wednesday, September 14, 2016

Horizon Pharma and Raptor Pharmaceutical have entered into a definitive agreement under which Horizon Pharma will acquire all of the issued and outstanding shares of Raptor Pharmaceutical Corp. common stock for $9.00 per share in cash, for an implied fully diluted equity value of approximately $800 million. The transaction is expected to close in the fourth quarter of 2016.

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Danaher to acquire Cepheid for $4B

Tuesday, September 13, 2016

Danaher has entered into a definitive merger agreement with Cepheid pursuant to which Danaher will acquire all of the outstanding shares of Cepheid for $53.00 per share in cash, or a total enterprise value of approximately $4 billion including indebtedness and net of acquired cash.  

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Syngene International commissions dedicated R&D center for Amgen

Thursday, September 8, 2016

Syngene International, one of Asia’s largest R&D-focused CROs, has announced the establishment in Bangalore, India, of an integrated, multi-disciplinary drug discovery and development center for Amgen. This center, named Syngene Amgen R&D Center (SARC), will be Syngene’s fourth such exclusive R&D center. Syngene already operates dedicated R&D centers for Bristol-Myers Squibb, Abbott Nutrition and Baxter.

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Leap Therapeutics, Macrocure to merge

Wednesday, September 7, 2016

Leap Therapeutics, a clinical stage immuno-oncology company, and Macrocure have announced the signing of a definitive merger agreement. Under the terms of the agreement, Macrocure will become a wholly owned subsidiary of Leap, and Leap will become a public company. In connection with the transaction, Leap will apply to have the shares of the combined entity listed for trading on NASDAQ upon completion of the merger.

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