News

Arena stock surges 76% on autoimmune drug data

Arena Pharmaceuticals watched its stock rocket more than 75% after APD334, its experimental drug for autoimmune disorders, showed strong promise in Phase II trials, slingshotting its development into Phase II.

Vtesse launches to find treatment for NPC

A new rare diseases company called Vtesse, backed by Pfizer among others, has been launched with $25 million in funding with the initial goal of developing a treatment for the lysosomal storage disorder Niemann-Pick Disease type C.

Alkermes antipsychotic hits efficacy goal, shows weight benefit

Shares in Alkermes had jumped nearly 10% by late-afternoon trading on the Nasdaq Wednesday after its experimental schizophrenia drug met efficacy targets in a mid-stage trial pitting it against olanzapine, and also showed an advantage on the weight gain front.

FDA clears first dermal filler for acne scars

US regulators have issued a green light for Suneva Medical’s Bellafill as the first dermal filler to treat scars left by acne, the most common skin condition in the country.

J&J and Vectura sign asthma/COPD deal

UK respiratory specialist Vectura has signed a deal with Johnson & Johnson to develop anti-inflammatory therapies for asthma and chronic obstructive pulmonary disease.

Moderna raises massive $450 million

Moderna Therapeutics has caused a stir by raising a whopping $450 million, reportedly the largest-ever private financing round for any biotech.

NICE sticks with ‘no’ for Celgene’s Abraxane

As expected, cost regulators for National Health Service treatments in England recently barred patients with advanced pancreatic cancer from ‘routine’ access to Celgene’s Abraxane (nab-paclitaxel).