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AstraZeneca has withdrawn a marketing application filed with the European Medicines Agency (EMA) for ovarian cancer drug cediranib and its use in combination with platinum-based chemotherapy followed by maintenance monotherapy to treat adult patients with platinum-sensitive relapsed ovarian cancer. EMA reportedly had concerns about whether the drug’s potential side effects outweighed its benefits. The company says cediranib remains an important part of AstraZeneca’s ovarian cancer medicine pipeline and this decision does not affect the ongoing primary development program testing cediranib as a combination treatment with its existing and potential medicines.
Becton Dickinson is investing $100 million in its Holdrege, NE facility to expand capacity for its insulin syringe manufacturing operations. The investment will be used for new technology and manufacturing equipment to expand capacity for the company’s insulin syringes. BD already produces more than 2 billion insulin syringes each year,
Ligand Pharmaceuticals has licensed the rights to four drug development programs to Seelos Therapeutics, Inc., a newly formed biopharmaceutical company focused on central nervous system (CNS), respiratory and other disorders. Licensed programs include Ligand’s aplindore program for treating various CNS disorders, a CRTH2 antagonist program for treating respiratory disorders, a Captisol-enabled acetaminophen program for pain and fever management and an H3 receptor antagonist program for narcolepsy. Under the license agreement, Ligand could be entitled to over $150 million in milestone payments, and net sales royalties ranging from 4% to 10% for products.
Allergan has agreed to acquire Tobira Therapeutics for $1.7 billion. The deal gives Allergan several development programs for non-alcoholic steatohepatitis (NASH) and other liver diseases. NASH is a severe type of non-alcoholic fatty liver disease, which is characterized by a fat accumulation in the liver with no other apparent causes.
Natus Medical has entered into a definitive agreement with GN Store Nord A/S under which Natus will acquire the GN Otometrics for $145 million. With annual revenue of about $110 million, Otometrics makes hearing diagnostics and balance assessment equipment, disposables and software that are currently being sold in over 86 countries.