Drug Discovery

X-Chem, Janssen extend inflammatory disease collaboration

X-Chem has expanded its collaboration with Janssen Biotech for the discovery of new drug leads for inflammatory disease treatment.

Lilly’s Trulicity label updated to include use in combination with basal insulin for type 2 diabetes

Eli Lilly and Company has updated label of its once-weekly Trulicity (dulaglutide) to include use in combination with basal insulin for adults with Type 2 diabetes.

Prexton Therapeutics raises €29m in Series B Financing

Prexton Therapeutics has closed a €29m Series B round led by Forbion Capital Partners and Seroba Life Sciences.

US FTC sues Shire ViroPharma for delaying generic entry of Vancocin

The US Federal Trade Commission (FTC) has charged that Shire ViroPharma abused government processes via serial, sham petitioning to delay generics and maintain its monopoly over Vancocin HCl Capsules.

Acticor Biotech raises €1.5m in new funding

Acticor Biotech, a bio-pharmaceutical company focused on the treatment of acute ischemic stroke, has raised €1,5m from CapDecisif Management.

Chondrial Therapeutics secures $22.6m in Series A financing

Biotechnology company Chondrial Therapeutics, focused on the treatment of rare mitochondrial diseases, has secured up to $22.6m in Series A financing led by Deerfield Management besides naming a new president and CEO in Carole Ben-Maimon, MD.

Soligenix’s SGX301 secures PIM status from UK MHRA to treat cutaneous T-cell lymphoma

Soligenix has secured Promising Innovative Medicine (PIM) designation from the UK Medicines and Healthcare Products Regulatory Agency for SGX301 (synthetic hypericin) to treat cutaneous T-cell lymphoma (CTCL).

Tarveda Therapeutics completes $30m Series D equity financing

Tarveda Therapeutics has raised $30m in series D financing to advance pentarin miniaturized drug conjugates.

Neurotrope signs licensing deal for accelerated synthesis of Alzheimer’s drug Bryostatin-1

Neurotrope has signed a licensing agreement with Stanford University for an accelerated synthesis of Alzheimer's drug bryostatin-1.