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Luminex Corp. and Nanosphere have entered into a definitive agreement under which Luminex will acquire Nanosphere for $1.35 per share in an all cash transaction valued at about $58 million. Nanosphere says it will deliver proprietary diagnostic tools for detecting respiratory, gastroenteric and bloodstream infections.

 

Allergan and Gedeon Richter say their Phase 3 clinical safety and efficacy trial, Venus I, which is evaluating ulipristal acetate in women with uterine fibroids, met all co-primary and secondary endpoints with both ulipristal treatment arms achieving statistically significant results over placebo. The companies say the trial included 157 patients, of which 101 were randomized to receive ulipristal acetate 5 and 10 mg and 56 received placebo.

 

Pulmonary imaging specialist Vida Diagnostics expanded its collaboration with Olympus Respiratory America, a developer of devices for treating acute and chronic conditions of the lung and a subsidiary of Olympus Corporation. According to the companies, Vida and Olympus will incorporate precision informatics into current and future diagnostic and therapeutic procedural workflows to manage patients with pulmonary diseases. The collaboration is in North America and Europe and will include marketing and development programs in interventional pulmonology, the companies add.

 

Upsher-Smith Laboratories has begun the first clinical study of its novel small molecule CXCR4 antagonist USL311 in patients with advanced solid tumors alone and in combination with lomustine. The company says it has received orphan drug designation for USL311 from FDA for treating Glioblastoma Multiforme (GBM) and a planned second phase will be conducted in patients with relapsed/recurrent GBM.

 

Mundipharma Medical Company and Purdue Pharma say that they have taken over full responsibility from Laboratorios Esteve for the clinical, regulatory and commercial development of a potential first-in-class sigma-1 antagonist, after completing Phase 2 studies. According to the companies, MR309/E-52862 binds to sigma-1 in the brain and central nervous system and studies suggest that the novel mechanism of action of MR309/E-52862 will be complementary to those of other analgesic compounds.

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