- Chiasma licenses acromegaly drug candidate Octreolin to Roche
Chiasma granted Roche Holding exclusive worldwide rights to develop and market its experimental growth hormone disorder drug Octreolin, an oral form of the somatostatin analogue ocreotide, first as a treatment for acromegaly and later for neuroendocrine tumors. Roche unit Genentech will sell the product in the U.S. if it is approved by the FDA. Chiasma will get $65 million upfront and as much as $530 million in milestones payments plus sales royalties. PharmaTimes (U.K.) (2/18), Fox Business/Dow Jones Newswires (2/18)        | Enterprise Integration
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| Health Care & Policy |  |  | | - FDA gives Dako nod on rapid cancer diagnostic test
Dako has received approval from the FDA to market its HER2 IQFISH pharmDx test, which is used to cut the turnaround time for cancer diagnosis from the industry standard of two days to three-and-a-half hours. The test, which identifies the HER2 gene in breast cancer diagnosis, is the first FDA-approved test that works with Dako's IQISH system, the company said. GenomeWeb Daily News (free registration) (2/15) - Phytopharm's Parkinson's drug candidate disappoints in trial
Phytopharm said its experimental drug Cogane did not outperform a placebo in a 400-patient trial for the treatment of early-stage Parkinson's disease. "Cogane had demonstrated encouraging efficacy in a wide range of industry standard preclinical models but this promise has not translated into clinically meaningful efficacy," CEO Tim Sharpington said. The firm is evaluating its pipeline. Yahoo/Reuters (2/18) - Human Connectome Project prepares to release initial images
The Human Connectome Project is preparing to release the first collection of images taken by a powerful imaging system as part of an effort to map the human brain. The initial images to be released in the coming weeks come from 80 to 100 people. Researchers hope the five-year project will help improve scientists' understanding of how the brain works as well as the mechanisms involved when something goes awry. The project, which will look at 1,200 brains, will also collect genetic and behavioral information to develop a model of the human psyche. BBC (2/16) | Company & Financial News | | | | | Global Developments | | | | | Food & Agriculture | | | | - AquaBounty confident that biotech salmon will win FDA approval
AquaBounty Technologies was disappointed by the FDA's decision to extend the public comment period for its biotech salmon, but it believes the delay won't affect its chances for approval. In 2010, an FDA advisory panel found the salmon posed no risk to safety or the environment. "There has been neither new information nor a clear legal or regulatory issue raised by the FDA since that time," AquaBounty CEO Ronald Stotish said. FoodNavigator (2/18) | Industrial & Environmental | | | | - BIO, other groups fire back at attempt to undo RFS
BIO and other biofuel groups are responding to a request by the American Petroleum Institute to eliminate the 2012 cellulosic biofuels requirement under the Renewable Fuel Standard. "API is trying to re-litigate in the press the issues it lost in court. The Court recognized EPA's authority to administer the rules for the RFS, and EPA should reject this attempt to spin that decision," said BIO Industrial and Environmental Section Executive Vice President Brent Erickson. DomesticFuel.com (2/18) | News from BIO | | | | - BIOtechNOW
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