Drug Discovery

Janssen Biotech to buy BeneVir Biopharm in $1bn deal

Janssen Biotech has agreed to acquire US-based BeneVir Biopharm, a biopharmaceutical company focused on developing oncolytic immunotherapies for cancer, in a deal worth $1.04bn.

Vivus to acquire product rights to Pancreaze from Janssen for $135m

Vivus has agreed to acquire all product rights for Pancreaze (pancrelipase) Delayed-Release Capsules in the US and Canada held by Janssen Pharmaceuticals, subject to certain closing conditions, including Hart-Scott-Rodino review.

C4XD, e-Therapeutics to collaborate on Parkinson’s Disease treatment

C4X Discovery (C4XD) has entered into a joint research collaboration with e-Therapeutics (ETX) to identify novel mechanisms for the treatment of Parkinson’s Disease (PD).

NXDC announces acquisition by German biotech firm

NX Development (NXDC), a privately-held life sciences company, has announced a merger acquisition under which NXDC became a wholly-owned subsidiary of photonamic GmbH & Co. KG (PHN).

PhoreMost, NeoPhore secure Innovate UK funding for small-molecule cancer immunotherapy program

PhoreMost and NeoPhore are set to receiv £1m of funding to develop a novel small-molecule cancer immunotherapy program following award of a Biomedical Catalyst grant in a recent Innovate UK competition.

Corvidia Therapeutics raises $60m funding to speed up clinical work

Corvidia Therapeutics has secured $60m in a Series B funding round to accelerate growth of its ongoing clinical programs, expand scientific and market access capabilities and explore new treatment areas.

Scientists develop new method to make drugs smarter

Scientists from the University of Lincoln in the UK have created a new technique using nanotechnology which can make drugs more effective at reaching their target.

Tmunity raises another $35m to advance T Cell therapies

Tmunity Therapeutics, a biotherapeutics company focused on developing next-generation T cell immunotherapy, has raised new funding of $35m in a Series A investment from Kleiner Perkins and affiliates.

Shire rejects $63bn takeover proposal from Takeda

Ireland-based Shire has rejected a $63bn acquisition offer from Takeda Pharmaceutical, saying that it undervalues the company, its growth prospects and pipeline.