Friday, November 16, 2012

Intarcia raises $210M to advance once-yearly diabetes drug

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November 16, 2012
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  Today's Top Story 
  Health Care & Policy 
  • Drug developer Durata's HQ to go from N.J. to Chicago
    Durata Therapeutics is moving its base from New Jersey to Chicago, "a fertile recruiting ground for us," CEO Paul Edick said. The company is preparing the send dalbavancin for review by the FDA as a weekly IV antibiotic. Chicago Tribune (tiered subscription model) (11/14) LinkedInFacebookTwitterEmail this Story
  • TG licenses cancer drug candidate to South Korean firm
    TG Therapeutics granted Ildong Pharmaceutical exclusive rights to develop and market ublituximab, or TGTX-1101, for all indications in South Korea and Southeast Asia. Ublituximab, an anti-CD20 antibody, is being developed as a treatment for hematologic malignancies and other B-cell lymphoproliferative diseases. The deal entitles TG Therapeutics to $2 million upfront plus milestone and royalty fees based on sales. Genetic Engineering & Biotechnology News (11/15) LinkedInFacebookTwitterEmail this Story
  • Gene mutation might triple the risk for Alzheimer's
    A mutation in a gene involved in immune and inflammatory responses might put carriers at triple the risk for Alzheimer's disease compared with people who do not carry the mutation, according to a study published in the New England Journal of Medicine. The TREM2 mutation is rare, but people age 85 or older who do have it are nearly seven times more likely to have Alzheimer's disease than their peers who do not have the mutation, researchers found. The mutation might be a new drug target, the lead researcher said. HealthDay News (11/14), Reuters (11/14) LinkedInFacebookTwitterEmail this Story
  • Pancreatic stem cells show promise for type 1 diabetes
    Australian researchers have identified pancreatic stem cells that can be converted into insulin-producing cells and found that the cells' number and capacity to become insulin-producers also appeared to increase in response to pancreatic damage. The findings in PLoS ONE may pave the way for new type 1 diabetes treatments, researchers said. Medical News Today (11/14) LinkedInFacebookTwitterEmail this Story
  Company & Financial News 
  • Knopp raises $14.9M to develop neurodegenerative drug pipeline
    Knopp Biosciences secured $14.9 million in its latest financing round. The firm will use the funds to expedite discovery of next-generation mitochondrial mediators for treatment of neurodegenerative conditions and to further develop an experimental combination drug for Parkinson's disease. MedCityNews.com (11/14) LinkedInFacebookTwitterEmail this Story
  Food & Agriculture 
  • Researchers look at biofuel potential of "energy beets"
    Researchers from North Dakota State University and beet seed company Betaseed are looking into the economic viability of using "energy beets" as an ethanol feedstock. The research is part of the BeetsAll Biofuel project, a partnership between North Dakota-based Green Vision Group and Iowa-based Heartland Renewable Energy. Construction of the first beet-to-ethanol plant is scheduled to begin in late 2013 or early 2014. Ag Professional online (11/14) LinkedInFacebookTwitterEmail this Story
  Industrial & Environmental 
  • FuturaGene CEO: Biotech eucalyptus trees can replace fossil fuels
    FuturaGene has developed biotech eucalyptus trees that grow 40% faster than normal eucalyptus, making it possible for them to be used for energy generation. "Potentially, we believe this [development] can displace the whole fossil fuel industry. The technology can be adapted to any trees. We can have a whole new supply of fuel," CEO Stanley Hirsch said. Hirsch said the company is working to obtain regulatory approval to commercially grow the trees in Brazil. The Guardian (London) (11/15) LinkedInFacebookTwitterEmail this Story
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