OncoMed Pharmaceuticals

OncoMed earns $15 million milestone payment from Bayer

Wednesday, November 6, 2013

OncoMed Pharmaceuticals, a clinical-stage company developing novel therapeutics that target cancer stem cells (CSCs), or tumor-initiating cells, has earned a $15 million milestone payment from Bayer Pharma related to achieving a dose escalation milestone in the phase Ia clinical trial of OMP-54F28 (Fzd8-Fc). OMP-54F28 is an antagonist of the Wnt pathway, a key cancer stem cell pathway. 

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FDA says drug approvals highest in two decades

Friday, July 8, 2011

Janet Woodcock, director of the FDA‘s Center for Drug Evaluation and Research, testified before the U.S. House Energy and Commerce’s health subcommittee that first-cycle drug approvals are at a 20-year high, and more than two-thirds of new treatments are being cleared within the time frames given to new drug applications.

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