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Biogen has agreed to purchase Pfizer’s PF-04958242, a first-in-class, Phase 2b-ready drug being evaluating to treat several neurological and psychiatric diseases, including schizophrenia. Biogen is paying $75 million upfront for the compound, and the agreement could include up to $515 million in developmental and commercial milestones.
Laborie Medical Technologies has agreed to pay $214 million to acquire Cogentix Medical. The transaction would give Laborie to Cogentix Medical’s Urgent PC Neuromodulation System, a non-drug, non-surgical treatment for overactive bladder and associated symptoms of urinary urgency, urinary frequency and urge incontinence.
Seattle Genetics has acquired Cascadian Therapeutics and its tucatinib, an investigational oral tyrosine kinase inhibitor that is highly selective for HER2, a growth factor receptor overexpressed in multiple cancers, including breast, colorectal, ovarian and gastric. Tucatinib is currently being evaluated in a pivotal trial called HER2CLIMB for patients with HER2-positive metastatic breast cancer, including patients with or without brain metastases.