Wednesday, October 12, 2011

Pfizer signs $340 million licensing pact with GlycoMimetics

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October 12, 2011
Jörg Reinhardt, CEO of Bayer HealthCare, and Qiyu Chen, president of Fosun Pharma -- Keynote speakers at BIO China, Oct. 12 and 13 in Shanghai. Register now.

The news summaries appearing in BIO SmartBrief are based on original information from news organizations and are produced by SmartBrief, Inc., an independent e-mail newsletter publisher. The information is not compiled or summarized by BIO. Questions and comments should be directed to SmartBrief at bio@smartbrief.com.

  Today's Top Story 
 
  • Pfizer signs $340 million licensing pact with GlycoMimetics
    GlycoMimetics entered a global licensing agreement with Pfizer for GMI-1070, an experimental treatment for vaso-occlusive crisis in patients with sickle cell disease. The deal calls for GlycoMimetics to complete the drug's Phase II study, then turn over further development and commercialization to Pfizer. GlycoMimetics is entitled to upfront, milestone and royalty payments worth as much as $340 million. American City Business Journals/Washington, D.C. (10/11) LinkedInFacebookTwitterEmail this Story
With in-depth industry experience and expertise, GE Capital, Healthcare Financial Services’ dedicated Life Science Finance team has worked with more than 500 companies and provided over $2.5 billion in financing to the market. Click here to find out more and take our online poll.
  Health Care & Policy 
 
  • Ovarian cancer patients with BRCA2 mutation more likely to survive
    A study in the Journal of the American Medical Association found that ovarian cancer patients carrying the BRCA2 gene variation, which is linked to an increased risk of breast and ovarian cancers, have higher survival rates than women with the BRCA1 mutation and those without either gene variation. Researchers found that patients with the BRCA2 mutation are more likely to respond to chemotherapy. The findings suggest that BRCA2 and BRCA1 are different mutations that should be studied separately, the study author said. HealthDay News (10/11) LinkedInFacebookTwitterEmail this Story
 
  • Caltech researchers modernize the Petri dish
    Engineers and biologists at the California Institute of Technology have developed a microscope-free culture dish they call the ePetri. The culture is placed on an image-sensor chip, with a smartphone's LED screen mounted over the chip. The apparatus is placed in an incubator and wired to a computer outside the incubator. Observers can see the entire culture and zoom in on cells of interest. The researchers describe their invention in the Proceedings of the National Academy of Sciences. CNET (10/10) LinkedInFacebookTwitterEmail this Story
Are you harnessing the power of standardization to boost your bottom line? Standards and conformance are powerful tools for reducing costs and expanding markets. C-suite executives at major U.S. companies are supporting standardization to save millions and gain a competitive advantage. Shouldn’t you? Visit www.standardsboostbusiness.org.
  Company & Financial News 
 
  • Pharma execs seek innovative drug-development partnerships
    Pharmaceutical companies are looking for partnership opportunities to accelerate drug development, according to a roundtable of industry executives led by the Tufts Center for the Study of Drug Development. "Drug developers have gotten the message that they need to innovate better, faster and cheaper -- without sacrificing patient safety -- and partnering is proving to be an effective strategy," said Kenneth Kaitin, the center's director. PharmaTimes (U.K.) (10/11) LinkedInFacebookTwitterEmail this Story
  • NHGRI offers $31.5M to beef up human genome catalog
    The National Human Genome Research Institute is offering up to $31.5 million for three projects to deepen the understanding of the human genome. In one project, $23 million will be awarded next year to expand the genetic maps for cells, tissues and genomic activities. Another project will spend $3 million to develop improved methods of data analysis for the study of disease. The NHGRI will also spend $5.5 million for a data analysis center and a data management center. GenomeWeb Daily News (10/10) LinkedInFacebookTwitterEmail this Story
Special Offer for SmartBrief Readers: How to Win at the Local Marketing Game. Marketing guru John Jantsch gives five strategies for helping any local business to stand out online. Want to help your business get to the top of a consumer's search? Click here for a free white paper from American Express OPEN outlining John's time-tested strategies for success in today's hyperlocal marketplace.
  Featured Content 
 

  Food & Agriculture 
 
  • Report: FDA backs commercial production of biotech salmon
    A report by TalkingPointsMemo.com says the FDA filed a document stating its support for production of AquaBounty Technologies' biotech fish, AquAdvantage salmon, for human consumption. The White House's Office of Management and Budget has yet to approve the bioengineered salmon. Supermarket News (10/11) LinkedInFacebookTwitterEmail this Story
  • Group raises concern over slow pace of biotech crop approvals in EU
    EuropaBio said in a report that the slow pace of gaining approval for biotech crops in the European Union could increase the risk of import disruptions. The biotech trade group said it expected the number of biotech crops awaiting approval to reach more than 90 by 2015 and urged the European Commission to reduce the backlog of pending applications by setting goals. "The Commission pays particular attention to authorizations which can have a major impact on trade, and looks for efficiency gains whenever they are possible," said Frederic Vincent, the EU health and consumer spokesman. Reuters (10/11) LinkedInFacebookTwitterEmail this Story
LET’S GO DESIGN: Episode #5
In this episode of SolidWorks’ interactive web series, Jeremy moves closer to the final design of our Hot Rod Baby Buggy and also hot-wires the golf cart motor to show how the aluminum tracks perform flawlessly. Watch at LetsGoDesign.tv.
  News from BIO 
  • Ship with FedEx
    FedEx is now offering member companies discounts of up to 35% off select FedEx services, both U.S. and international services. The BIO program with FedEx is one of the many cost-savings programs offered by BIO through its Business Solutions program. There is no charge for BIO member companies to participate in any of the BIO Business Solutions programs -- it is a benefit of membership. Learn more about the BIO and FedEx program. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Whatever you can do, or dream you can, begin it. Boldness has genius, power and magic in it."
--Johann Wolfgang von Goethe,
German writer and scientist


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