Drug Discovery and Development

Bayer (ETR:BAYN) announced that it is entering into a collaboration agreement with artificial intelligence drug discovery company Exscientia to identify and optimize novel lead structures for potential drug candidates in treating cardiovascular and oncological diseases. The agreement, announced earlier this month, is slated to see the companies work together on early research projects combining Exscientia’s proprietary…

Verily, Google’s life science’s sister company under Alphabet (NSDQ:GOOGL), has received an FDA 510(k) clearance to include an irregular pulse monitor in its Study Watch wearable. Pharmaceutical industry giants including Novartis, Otsuka, Pfizer and Sanofi formed a strategic alliance with Verily last year to develop patient-centered clinical research programs using Verily’s Project Baseline evidence generation platform…

European specialist investor Global Healthcare Opportunities, also called GHO Capital Partners, recently announced that it has acquired Ardena — a specialist contract development and manufacturing organization focused on early phase drug development. Financial terms of the deal, announced Jan. 9, were not disclosed. Headquartered in Belgium, Ardena assists small-to-mid-sized biopharma companies, with services spanning the…

Redesign Science and OpenEye Scientific announced that they have entered into a strategic partnership to integrate OpenEye’s Orion computational platform into Redesign’s drug-discovery platform. Santa Fe, N.M.-based OpenEye makes “cheminformatics” software for drug discovery, providing a reliable application programming interfaces (API) that customers use to build customizable programs and workflows. Its newly released Orion computational…

Dicerna Pharmaceuticals (NSDQ:DRNA) announced today that it closed a discovery & development agreement with Novo Nordisk (NYSE:NVO) worth at least $175 million to further development of therapies for treating liver-related cardio-metabolic diseases. The two companies announced the agreement on Nov. 18, 2019, outlining the plan to discover and develop the therapies using Dicerna’s GalXC RNAi platform…

Biotechnology company Triplet Therapeutics announced that it launched earlier this week with $59 million in financing as it develops ways to treat certain types of genetic disorders at their source. The $59 million includes a $49 million Series A financing round led by MPM Capital and Pfizer Ventures U.S. Co-founder Atlas Venture seeded Triplet with…

CicloMed (Kansas City, Mo.) has expanded the Phase 1 clinical trial for fosciclopirox, its bladder cancer drug candidate. The trial has been expanded to include patients with muscle-invasive bladder cancer who are ineligible to receive cisplatin chemotherapy, the company said yesterday. Researchers have enrolled the first patient at The University of Kansas Cancer Center; the…

Lunac Therapeutics (Leeds, U.K.) this week announced that it has won a U.K. innovation grant equivalent to more than $4 million to develop what it describes as an innovative anticoagulant treatment with minimal bleeding risk. The £3.14 million grant from Innovate U.K.’s Biomedical Catalyst program also went to the Medicines Discovery Catapult and the University…

Following the raising of a $90 million Series C, privately held GenapSys will begin rolling out a line of low cost electronic-based genetic sequencing machines that it says could upend the research and clinical testing industries. CEO Hesaam Esfandyarpour says the Redwood City, Calif.–based company’s Sequencer, a table-top device that carries a price tag that’s…

Owlstone Medical last week announced that it has forged a partnership with Thermo Fisher Scientific‘s (NYSE:TMO) to advance non-invasive breath sampling in disease detection. Through the agreement, both companies will integrate the Thermo Scientific Q Exactive GC Hybrid Quadrupole-Orbitrap MassSpectrometer into Owlstone Medical’s Breath Biopsy platform. The collaboration will hopefully qualify the mass analyzer for…

Mesa Labs this week announced it is acquiring Sweden-based Gyros Protein Technologies for a cash consideration of $180 million. The acquisition is expected to add between $37 million to $40 million in revenue during the first 12 months, according to Mesa Laboratories. The company also adjusted its operating income as a percentage of revenues to…

Sphere Fluidics (Cambridge, U.K.) and Peak Analysis and Automation (Farnborough, U.K.) have launched a new product as they seek to further streamline single-cell analysis in biopharmaceutical workflows. The companies yesterday announced they have integrated Sphere Fluidics’ Cyto-Mine single-cell analysis system with PAA’s automated plate handler, S-LAB. Automated micro-plate handling minimizes hands-on involvement and saves time…

OcuMedic said today that it entered into an exclusive supply agreement and picked up a strategic investment from Gelest for its proprietary drug-eluting soft contact lens of an undisclosed amount. Under the terms of the agreement, Morrisville, Pa.-based Gelest is set to manufacture and supply OcuMedic’s key chemistry components used in the controlled release of…

Intersect ENT (NSDQ:XENT) shares plunged today after the company said it failed to meet the primary endpoint in a study of its Ascend investigational drug-coated sinus balloon. The 70-person, randomized, double-blind trial was designed to compared treatment with Intersect ENT’s DCB when randomized against an uncoated balloon control. The study missed the primary endpoint, frontal sinus…

Insulet (NSDQ:PODD) said today that it won FDA clearance to market its Omnipod Dash alternate controller-enabled (ACE) infusion pump as an integrated insulin pump. The Acton, Mass.-based company received FDA 510(k) clearance for the Omnipod Dash in June 2018 and launched the device earlier this year. The latest indication states that the pump can reliably and…

Like airport security barriers that either clear authorized travelers or block unauthorized travelers and their luggage from accessing central operation areas, the blood-brain-barrier (BBB) tightly controls the transport of essential nutrients and energy metabolites into the brain and staves off unwanted substances circulating in the blood stream. Importantly, it’s highly organized structure of thin blood…

For a drug to intervene in cells or entire organs that are not behaving normally it must first bind to specific protein receptors in the cell membranes. Receptors can change their molecular structure in a multitude of ways during binding – and only the right structure will “unlock” the drug’s therapeutic effect. Now, a new…