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Lilly and Amgen Announce Manufacturing Collaboration for COVID-19 mAb Therapies

  • Posted by ISPE Boston
  • On September 30, 2020
Eli Lilly and Amgen have entered into a global antibody manufacturing collaboration to significantly increase the supply capacity available for Lilly’s potential COVID-19 therapies. Lilly is currently studying several potential neutralizing antibodies for the prevention and/or treatment of COVID-19 as either monotherapy or in combination. Through this collaboration, the two companies will have the ability to quickly scale up […]
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Over 160 CEOs Sign MassBio’s Pledge to Create a More Equitable and Inclusive Life Sciences Industry

  • Posted by ISPE Boston
  • On September 14, 2020
The Massachusetts Biotechnology Council today announced that 164 CEOs representing the breadth of the life sciences have signed its Open Letter 2.0 – The CEO Pledge for a More Equitable and Inclusive Life Sciences Industry. This pledge serves as a call to action for CEOs across the life sciences to create change within their respective […]
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Cambridge Biotechs Attract Venture Financing

  • Posted by ISPE Boston
  • On September 10, 2020
Cambridge-based startups Korro Bio and Casma Therapeutics have secured financing of $91.5 million and $50 million, respectively, in recent funding rounds. Both companies were launched in 2018. The funding will enable Korro to advance its novel platform for precise, single-base, RNA editing to modulate protein function for therapeutic applications, including advancing its lead program to […]
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Biotech Leaders Outline Principles to Ensure “Public’s Trust” in COVID-19 Treatments

  • Posted by ISPE Boston
  • On September 10, 2020
As America’s researchers race to develop the scientific solutions needed to eradicate COVID-19, leaders within the Biotechnology Innovation Organization (BIO) released an open letter to their biopharmaceutical colleagues that articulates key principles to ensure the “integrity, transparency, and objective assessment” of COVID-19 clinical data and secure public trust in new medical products developed in response to the […]
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Top COVID-19 Vaccine Makers Vow to Follow Regulatory Guidelines

  • Posted by ISPE Boston
  • On September 10, 2020
The CEOs of AstraZeneca, BioNTech, GlaxoSmithKline, Johnson & Johnson, Merck, Moderna, Novavax, Pfizer and Sanofi have signed a historic pledge, outlining a united commitment to uphold the integrity of the scientific process as they work towards potential global regulatory filings and approvals of the first COVID-19 vaccines. All nine CEOs signed the following pledge: We, […]
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Abbott’s Rapid Covid-19 Test to Create 1200 Jobs in Maine

  • Posted by ISPE Boston
  • On September 3, 2020
The FDA has issued Emergency Use Authorization (EUA) for Abbott’s BinaxNOW rapid antigen test for detection of COVID-19 infection. The $5 test is highly portable, affordable and provides results in 15 minutes. It uses proven Abbott lateral flow technology, making it a reliable and familiar format for frequent mass testing by healthcare providers. Abbott will ship […]
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Takeda to Sell Consumer Health Care Business for 2.3 Billion, Focus on Innovative Medicines

  • Posted by ISPE Boston
  • On September 3, 2020
Takeda has entered into an agreement to divest Takeda Consumer Healthcare Company (TCHC), a wholly-owned subsidiary of Takeda focused on the consumer health care market primarily in Japan, to a company controlled by funds managed by The Blackstone Group for a total value of 2.3 billion USD. The transaction is expected to close by March […]
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Foundation Medicine Liquid Biopsy Gets FDA Okay

  • Posted by ISPE Boston
  • On September 3, 2020
The FDA has approved Foundation Medicine’s comprehensive pan-tumor liquid biopsy test, Called FoundationOne Liquid CDx. Using a blood sample, the test analyzes over 300 cancer-related genes for alterations. Results are delivered in an integrated report that identifies alterations matched to FDA-approved therapies and delivers information about the genomic signatures microsatellite instability and blood tumor mutational […]
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Momenta to be Acquired by J&J for $6.5 Billion

  • Posted by ISPE Boston
  • On August 20, 2020
Momenta Pharmaceuticals has agreed to be acquired by Johnson & Johnson for $52.50 per share in an all-cash transaction, implying a fully-diluted equity value of $6.5 billion. The agreement was unanimously approved by the Boards of Directors of both Momenta and Johnson & Johnson. “The agreement with J&J recognizes the value created by years of […]
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Sanofi to Acquire Principia for $3.6 Billion

  • Posted by ISPE Boston
  • On August 20, 2020
Sanofi and San Francisco-based Principia Biopharma have entered into a definitive agreement under which Sanofi will acquire all of the outstanding shares of Principia for $100 per share in cash, which represents an aggregate equity value of approximately $3.68 billion (on a fully diluted basis). Principia Biopharma is a late-stage biopharma focused on developing treatments […]
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