Friday, May 17, 2013

News of biotech VC's demise may be premature

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May 17, 2013
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  Today's Top Story 
  Health Care & Policy 
  • Collaborative effort spawns flu vaccine in one week
    Scientists at Novartis Vaccines and Diagnostics made a synthetic flu vaccine in one week -- the result of a collaboration with the HHS Biomedical Advanced Research and Development Authority and the J. Craig Venter Institute. The CDC provided researchers with parts of the genetic code for an unidentified flu virus, and the researchers used enzymes and a custom software program to synthesize an effective vaccine. The work is described in Science Translational Medicine. Genetic Engineering & Biotechnology News (5/15) LinkedInFacebookTwitterEmail this Story
  • 3 cancer drugs from AstraZeneca set to enter late-stage trials
    AstraZeneca plans to advance its three cancer drug candidates into Phase III trials. Set to advance are moxetumomab pasudotox for patients with hairy cell leukemia, selumetinib for patients with KRAS-positive nonsmall-cell lung cancer, and olaparib for patients with platinum-sensitive relapsed ovarian cancer. The firm also plans to double the number of drugs in its late-stage pipeline and submit three regulatory applications by 2016. Bloomberg Businessweek (5/16) LinkedInFacebookTwitterEmail this Story
  • Researchers use iPS cells to produce hematopoietic stem cells
    Researchers in Japan said they were able to create hematopoietic stem cells from induced pluripotent stem cells. The method involved inducing benign tumors in mice using iPS cells and then adding catalysts to trigger the formation of blood-producing stem cells. The team hopes to develop a method for creating cells that does not rely on the use of tumors. The Mainichi (Japan) (5/15) LinkedInFacebookTwitterEmail this Story
  • Other News
  Company & Financial News 
 
  • Developer of rare-disease drugs gets $4.6M boost
    A Series A funding round has brought in $4.6 million for Callidus Biopharma, a development-stage biotech firm specializing in rare-disease drugs. The Pennsylvania-based company plans to use the proceeds mainly to speed up preclinical development of its drug candidates for lysosomal storage disorders, including Pompe and Gaucher diseases. Money also will go toward the launch of the firm's proprietary protein-expression technology. American City Business Journals/Philadelphia (5/16) LinkedInFacebookTwitterEmail this Story
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  Food & Agriculture 
  Industrial & Environmental 
  • Enerkem gets $1.1M boost for advanced-biofuel R&D project
    The Canadian government will invest $1.1 million in a research project by Enerkem to develop new catalytic processes for turning waste into advanced biofuels, the company said. Enerkem will conduct the three-year project at its pilot-scale facility in Quebec with the help of the University of Sherbrooke. Meanwhile, construction of Enerkem's first commercial-scale facility is "progressing well" in Edmonton, with commissioning slated to begin in the summer, a spokeswoman said. BiofuelsDigest.com (5/15) LinkedInFacebookTwitterEmail this Story
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  • Save on energy costs through BIO's newest cost-savings program
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