Wednesday, July 24, 2013

Good news and bad news in biotech IPO market

FDA advisers support expanded use of UCB's certolizumab | Lilly licenses arthritis pain drug to Transition Therapeutics | Biogen signs neurodegenerative-disease collaboration with U.K. university
Created for jmabs1@gmail.com |  Web Version
 
 
July 24, 2013
Bio SmartBrief
SIGN UP|FORWARD|ARCHIVE|ADVERTISE

Today's Top StorySponsored By
Good news and bad news in biotech IPO market
The market for biotech initial public offerings has rebounded this year, spurred by generalist investors who previously shunned the industry, but the party won't last long, Luke Timmerman writes. Neglected diseases will get a boost, as will regional innovation hubs, and small companies will gain negotiating leverage, but some investors will lose interest after they lose money, Timmerman writes. Xconomy (7/22)
Share: LinkedIn Twitter Facebook Google+ Email
Stop banking and start building with GE Capital, Healthcare Financial Services
At GE Capital, we're not just bankers, we're builders. Supporting the growth of life science companies, large and small, as a reliable source of financing is our mission at GE Capital, Healthcare Financial Services. With in-depth industry experience and expertise, our dedicated Life Science Finance team has provided over $1.7 billion in financing over the past 10 years. Stop just banking. And start building. Learn more.
 
Health Care & PolicySponsored By
FDA advisers support expanded use of UCB's certolizumab
An FDA panel voted 7-6 in favor of approving UCB's certolizumab as a treatment for some types of inflammatory arthritis including ankylosing spondylitis, axial spondyloarthritis and nonradiographic axial spondyloarthritis. The drug is already approved for rheumatoid arthritis. Reuters (7/23)
Share: LinkedIn Twitter Facebook Google+ Email
Lilly licenses arthritis pain drug to Transition Therapeutics
Eli Lilly and Co. granted Transition Therapeutics the rights to develop and market TT-601, an investigational drug for osteoarthritis pain. Lilly has the option to regain the rights based on proof-of-concept data. The drug is expected to enter clinical trials next year. Reuters (7/23)
Share: LinkedIn Twitter Facebook Google+ Email
Biogen signs neurodegenerative-disease collaboration with U.K. university
Biogen Idec and the University of Edinburgh in Scotland agreed to a three-year partnership for the study of the cell processes linked to multiple sclerosis and motor neurone disease. The collaboration covers the identification of drug compounds for possible use as therapies for the neurodegenerative disorders. PharmaTimes (U.K.) (7/23)
Share: LinkedIn Twitter Facebook Google+ Email
Mass. biotech center will accept tax-incentive applications through October
The Massachusetts Life Sciences Center has opened applications for this year's round of tax incentives, and area medical device and biotech firms are invited to apply via the center's website through Oct. 24. The state has issued more than $75 million in tax breaks to 50 companies over the past four years, generating more than 1,800 jobs in return. American City Business Journals/Boston/BioFlash blog/Mass High Tech (7/22)
Share: LinkedIn Twitter Facebook Google+ Email
Report Track & Traceability
Commerce in Motion and JDA, surveyed 130 quality control, supply chain and operations professionals. The goal was to understand their ability to effectively track, trace, and recall products. Per the study financial cost is the greatest risk associated with the inability to trace items. Download the free report now to see where the Life Sciences industry stands on traceability.

Company & Financial NewsSponsored By
Genome sequencing studies share $27M in NIH grants
Four research projects that will use genome sequencing in clinical care landed grants totaling $27 million from the NIH. Recipients include research teams from the University of Michigan, University of Washington, Kaiser Foundation Research Institute, Seattle Children's Research Institute and HudsonAlpha Institute for Biotechnology. Genetic Engineering & Biotechnology News (7/23), GenomeWeb Daily News (free registration) (7/23)
Share: LinkedIn Twitter Facebook Google+ Email
NIAID awards $1.4M for further development of HIV assay
MBio Diagnostics landed a two-year, $1.4 million grant from the National Institute of Allergy and Infectious Diseases for the next development phase of a low-cost, point-of-care HIV antigen/antibody diagnostic test. Infectious disease specialists at the University of California, San Diego, are assisting with development. The company's pipeline includes diagnostics for tuberculosis and the hepatitis C virus. Genetic Engineering & Biotechnology News (7/22)
Share: LinkedIn Twitter Facebook Google+ Email
N.Y. prenatal Dx startup eyes $10M in funding round
KellBenx, which is working on a DNA-based diagnostic tool to identify fetal abnormalities, is hoping to raise $10 million in a funding round. The New York-based startup also plans to develop an assay for evaluating a pregnant woman's chances of premature delivery. Medical Device & Diagnostic Industry online (7/22)
Share: LinkedIn Twitter Facebook Google+ Email
 
Getting Ready for the Physician Payment 'Sunshine' Rule
Get expert analysis and practical guidance to comply with the Physician Payment 'Sunshine' Rule, which mandates that certain manufacturers and group purchasing organizations (GPOs) report payments made to physicians, hospitals and other health-care providers.

Determine immediate action items for compliance with the rule—11 key suggested steps are outlined. Download Now.

The Latest From BIO ...
Secure document sharing services optimized for life science organizations
BIO offers members preferential pricing and complimentary extra biotech-specific features on ShareVault's cutting-edge Virtual Data Room (VDR) technology and Secure Document Sharing services. Learn more and sign up for a free trial.
Share: LinkedIn Twitter Facebook Google+ Email
Food & Agriculture
More U.K. consumers support biotech food, survey finds
Forty-seven percent of the U.K. public are for the planting of biotech crops while 49% said they would have no problem buying or consuming biotech foods, according to a survey of 1,000 people. Based on comparisons with past surveys, the results may indicate that public concerns in the U.K. about biotech foods are easing. The Independent (London) (tiered subscription model) (7/23)
Share: LinkedIn Twitter Facebook Google+ Email
Industrial & Environmental
Next-generation biofuel plants are moving toward commercialization
Out of 12 major next-generation biofuel projects that were expected to enter service this year, nine have either opened or are on track to meet their target opening dates. Meanwhile, two have uncertain completion dates and one is complete but may not yet be in operational mode. The plants of this class generally take longer to commission than typical chemical facilities, this article notes. BiofuelsDigest.com (7/22)
Share: LinkedIn Twitter Facebook Google+ Email
News from BIO
BIO Survey on FDA-Sponsor Communication During Drug Development
BIO is conducting a survey to capture information about your interactions with FDA during the various stages of drug development prior to submitting an NDA/BLA. This survey is designed to assist in the implementation of the PDUFA V program on Enhancing Communication during drug development. Your feedback will be used to better understand and measure FDA's existing communication practices and to help identify best practices for communicating with sponsors, which will further inform BIO's future advocacy. Take the  survey. We expect it to take 20-30 minutes. If you have any questions, please contact Charles Crain.
Share: LinkedIn Twitter Facebook Google+ Email
SmartQuote
The most prepared are the most dedicated."
-- Raymond Berry,
American football player
Share: LinkedIn Twitter Facebook Google+ Email
Learn more about BIO ->Conferences | Join Bio | Media | Issues | Industry
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.
Subscriber Tools
Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions.
 
Lead Editor:  Tom Parks
Account Director:  Meryl Harold
  P: 202.407.7828
 
 

Download the SmartBrief App  iTunes / Android
iTunes  Android
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2013 SmartBrief, Inc.®
Privacy policy |  Legal Information
 

No comments: