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Archive for June, 2014

27
Jun

Seven life sciences companies were expected to go public this week, raking in nearly $400 million combined amid a return to bullishness for biotech IPOs. That, however, didn’t work out, as only one hopeful made it through after taking a deep discount. …read more Source: Biotech IPOs: A planned big week comes up short as […]

26
Jun

Polaris Partners, one of the biggest investors in biotech, is setting up a new $400 million fund. The venture group outlined the bare bolts for Fund VII in an SEC filing earlier in the week, which follows on the heels of its last $375 million fund, pieced together during lean-and-mean times back in 2011. …read […]

26
Jun

One week before Cubist celebrated the FDA’s approval of Sivextro, an antibiotic that figured prominently in its $707 million buyout of a biotech named Trius, the biotech’s former CEO filed papers with the SEC outlining a $30 million raise for a new antifungal venture currently called K2 Therapeutics along with $6 million in funds to […]

25
Jun

Affymax, which 18 months ago appeared poised for big things, is dissolving the company and will pay shareholders pennies for the shares that traded at $27 a share before patient deaths led it to pull its Omontys anemia drug from the market. …read more Source: Affymax, once a promising biotech, is dissolving     

25
Jun

Close to a year ago Switzerland’s Basilea raised a red flag about its U.S. strategy for its antibiotic ceftobiprole, noting that the FDA’s new standard requiring two late-stage studies for a program like this could present a major hurdle. Today company execs confirmed that the regulatory path into the U.S. is closed for now. …read […]

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