Thursday, January 5, 2012

Biogen, Isis deal worth up to $299M for muscular atrophy drug

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January 5, 2012
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  Today's Top Story 
 
  • Biogen, Isis deal worth up to $299M for muscular atrophy drug
    Biogen Idec agreed to pay $29 million upfront and possibly $45 million in milestone fees to secure a licensing option for Isis Pharmaceuticals' drug candidate for spinal muscular atrophy. If Biogen exercises that option, Isis is entitled to $225 million more as well as royalties upon commercialization. Bloomberg (1/4) LinkedInFacebookTwitterEmail this Story
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  Health Care & Policy 
 
  • Athersys patents its stem cell heart treatments
    Athersys has obtained a U.S. patent for its MultiStem technology, which uses multi-potent stem cells from adult bone marrow and other nonembryonic sources to treat various cardiac conditions. The patent covers multiple methods for delivering the stem cells. MedCityNews.com (1/4) LinkedInFacebookTwitterEmail this Story
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  Company & Financial News 
 
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  Industry Deals 
 
  • Cornerstone gains hyponatremia drug with Cardiokine buyout
    Cardiokine Biopharma was acquired by Cornerstone Therapeutics a day after the former submitted a new-drug application to the FDA for lead candidate lixivaptan. If approved, the drug will be used at hospitals to treat heart failure patients with hyponatremia. Cornerstone Chairman and CEO Craig Collard said lixivaptan complements the firm's neonatal lung surfactant Curosurf. MedCityNews.com (1/4) LinkedInFacebookTwitterEmail this Story
  • Goodwin signs antibody manufacture agreement with OncoMax
    Goodwin Biotechnology and Maxwell Biotech's OncoMax unit reached a deal for cell line engineering and monoclonal antibody production. GBI's collaborative partner Rafagen will help engineer the monoclonal antibody while GBI will be in charge of production. The monoclonal antibody will be assessed as a possible renal cell carcinoma drug in clinical studies. Pharmaceutical Business Review Online (1/4) LinkedInFacebookTwitterEmail this Story
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  Food & Agriculture 
  • 2 British ministers support biotech foods
    The U.K. needs to resume the debate about biotech food production if it really wants to address the issue of rising food costs, according to Mary Creagh, shadow secretary of environment, food and rural affairs. Farm minister Jim Paice expects biotech crops to be available to British farmers in the near future. Farmers Weekly Interactive (U.K.) (1/4) LinkedInFacebookTwitterEmail this Story
  Industrial & Environmental 
  • Expiry of ethanol tax credit could lead to higher gas prices
    Gasoline prices could increase by 4.5 cents beginning this week as a result of the expiration of the Volumetric Ethanol Excise Tax Credit. The tax credit's expiration, however, was not a big issue for the industry, as sound exports and the Renewable Fuel Standard ensure business for ethanol producers. "Things have changed. The marketplace has changed. Today, ethanol is 10% of the nation's gas supply," said Renewable Fuels Association Director of Public Affairs Matt Hartwig. USA TODAY (1/3) LinkedInFacebookTwitterEmail this Story
  News from BIO 
  • BIOtechNOW
    BIOtechNOW is the first in a number of new products from BIO intended to enhance our communications with the biotech community -- not only with our members, but with other stakeholders as well. This monthly e-newsletter, combined with its website, serves as our flagship in that effort. BIOtechNOW will offer original content that emphasizes the business needs of the industry; highlight BIO's advocacy efforts; and provide a portal to all BIO activities and events. Most importantly, it will spotlight for those outside the industry the value of biotechnology. Sign up for the monthly BIOtechNOW e-newsletter. LinkedInFacebookTwitterEmail this Story
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