Danish pharma company H. Lundbeck has agreed to acquire Switzerland-based Prexton Therapeutics, which develops drugs for Parkinson's disease and other brain disorders, in a deal worth about DKK6.75bn (€905m).
Zymeworks announced that ZW49 is the first product candidate selected for clinical development using the ZymeLink antibody-drug conjugate (ADC) platform, acquired as part of its 2016 purchase of Kairos Therapeutics.
Ionis Pharmaceuticals has licensed to Akcea Therapeutics worldwide rights to inotersen and AKCEA-TTR-LRx, formerly IONIS-TTR-LRx, in a transaction potentially worth about $1.7bn.
Kiadis Pharma has raised €23.4m of funding in a private placement of 2.6 million new shares, for developing a T-cell immunotherapy product to reduce Graft versus Host Disease (GVHD) in hematopoietic stem cell transplantations (HSCT).
Biogen has agreed to buy Pfizer's investigational schizophrenia drug, PF-04958242, in a deal worth about $590m.
LabCorp's Covance Drug Development business has established a global immunology and immunotoxicology (I&I) unit to focus on the development of biologic drugs.
Evotec and Sanofi are in exclusive negotiations to create an infectious disease open innovation research and development (R&D) platform through a new open innovation platform near Lyon in France.
Merck has formed an oncology collaboration with Eisai to jointly develop and commercialize the latter's Lenvima cancer treatment both as a monotherapy as well as in combination with its anti-PD-1 therapy, Keytruda, for various types of cancer.
Clinical stage biopharmaceutical firm JW Therapeutics has secured $90m Series A financing from a consortium led by Temasek, Sequoia Capital China, and YuanMing Capital.
Ligand Pharmaceuticals has signed a license agreement granting Roivant Sciences exclusive global rights to develop and commercialize its LGD-6972 glucagon receptor antagonist (GRA).
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