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Gilead Sciences and its cell-therapy subsidiary Kite Pharma have agreed to acquire Cell Design Labs, a pre-clinical stage biotherapeutics company specializing in custom cell engineering. Under the terms of the agreement, Gilead will acquire all outstanding shares of Cell Design for about $567 million. The transaction will build on Gilead’s recent acquisition of Kite in August, and has the potential to help accelerate the development of next-generation cellular therapy candidates.
Veru Inc. has acquired world-wide rights to a novel, proprietary oral granule formulation for solifenacin from Camargo Pharmaceuticals Services. Solifenacin is the active ingredient in Astellas Pharma’s VESIcare for treating overactive bladder in men and women. The formulation would address patients difficulty swallowing tablets. FDA recently confirmed in a meeting with Veru that regulatory approval for the solifenacin formulation will require a single bioequivalence study and that no additional nonclinical, clinical efficacy or safety studies will be required.
Edwards Lifesciences has exercised an option to acquire Harpoon Medical for $100 million. Harpoon is developing a device designed to create a less invasive form of open heart surgery that repairs the valve flowing from the left atrium to the left ventricle. It also could cut time of procedures to less than 60 minutes from the current time of three to six hours. The device allows surgeons to enter through a small opening between the ribs and repair the mitral valve while the heart continues to beat.