Since Our Last Issue ...
Eli Lilly has signed an agreement to acquire CoLucid Pharmaceuticals $960 million. The acquisition would boost the company’s existing portfolio in pain management for migraine and also add a potential near-term launch to its late-stage pipeline. “Lasmiditan is a novel, first-in-class molecule that could represent the first significant innovation for the acute treatment of migraine in more than 20 years,” Lilly said.
Bio-Rad Laboratories has agreed to acquire RainDance Technologies in order to expand into next-generation sequencing applications. RainDance's systems include RainDrop Digital PCR, ThunderStorm and ThunderBolts next-generation sequencing enrichment. The RainDance system partitions samples into one million droplets, which is purportedly 500 times greater than the number generated by the Bio-Rad systems.
Omicia, a clinical genomic data analysis and reporting software firm, has acquired Seattle-based Spiral Genetics. Spiral’s advanced tools should add multiple variant detection capabilities for next generation sequencing (NGS) to Omicia’s industry-leading software platform, the companies say.
Merck has agreed to pay $625 million to Bristol-Myers Squibb and Ono Pharmaceutical to settle patent litigation over its cancer drug Keytruda. As part of the settlement and license agreement, all claims in relevant legal proceedings will be dismissed, and the companies have granted certain patent rights to each other. Merck has also agreed to pay royalties on global Keytruda sales of 6.5% between 2017 and the end of 2023 and 2.5% between 2024 and 2026.