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Bristol-Myers Squibb licensed its fourth TriNKET™ immunotherapy drug candidate from Dragonfly Therapeutics
"We are impressed with the quality of candidates developed using Dragonfly's TriNKET™ technology," said Rupert Vessey, FRCP, DPhil, President of Research and Early Development, Bristol Myers Squibb. "In just three years, Dragonfly delivered four drug candidates to BMS, a remarkable pace of development. During that time, we have assessed Dragonfly's TriNKET™ drug candidates in both cancer and autoimmune indications, and have built three collaborations together. We continue to be encouraged by the potential treatment options for patients offered by harnessing the power of NK cells."
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Pieris Pharmaceuticals and Eli Lilly and Company to evaluate the safety and efficacy of PRS-343 + ramucirumab and paclitaxel for 2L HER2-positive gastric cancer in a Ph 2 study
"We have seen impressive single-agent activity in the phase 1 trial of PRS-343, including a complete response and many patients experiencing a clinical benefit, and believe there is a compelling biology and clinical rationale to adding PRS-343 to the current standard of care regimen for advanced or metastatic gastric cancer in the second line, ramucirumab and paclitaxel," said Stephen S. Yoder, President and Chief Executive Officer of Pieris. "Today's announcement further supports exploring this clinical rationale while managing costs efficiently."
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CureVac, the mRNA-based COVID-19 vaccine maker, plans an IPO of $216 million
On 10th August 2020, CureVac B.V. (CureVac; Tubingen, Germany) announced an initial public offering of 13,333,333 shares at an average price $15/share, with BofA Securities, Jefferies and Credit Suisse acting as underwriters for 1,999,999 shares at the same price. CureVac is a clinical stage biopharmaceutical company, which is currently in the front running for an mRNA-based SARS-CoV2 vaccine.
CureVac will use the monetary proceeds towards propelling its coronavirus vaccine through Phase 3 clinical trials, while also funding its mRNA-based Rabies vaccine (CV7202, RABV-G glycoprotein complexed with LNP) through Phase 2. The money will also be used for expanding manufacturing abilities, development of CureVac’s oncology program- CV8102 (TLR7/8/RIG-1 agonist single stranded RNA)- through Phase 2 and advancing its proprietary mRNA technology platform in other disease areas.
CureVac’s proprietary technology assembles stable mRNA sequences with customized 5’ and 3’ UTRs, and open reading frames that ensure optimal protein production, once targeted to cells in various disease indications. The platform uses Arcturus’s lipid nanoparticle technology (LNP) or CureVac’s in house developed CureVac carrier molecule (CVCM) as delivery vehicles.
CureVac’s pipeline across prophylactic vaccines, RNA-based cancer immunotherapies and protein-based therapies can be accessed here.
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Sanofi plans acquisition of Principia Biopharma at $3.68 billion, taking control of Principia’s BTK inhibitor pipeline
Sanofi (Paris, France) announced the acquisition of Principia Biopharma (Principia; South San Francisco, CA) for $3.68 billion on 17th August 2020.
Principia has a strong treatment pipeline based on its proprietary Tailored Covalency® platform, that generates reversible and irreversible, covalent, small molecule inhibitors to Bruton tyrosine kinases (BTKs). This includes the brain penetrating BTK inhibitor, SAR442168, which is in phase 2 trials for multiple sclerosis (MS); the oral BTK inhibitor, Rilzabrutinib, in Phase 3 program for immune thrombocytopenia and the topical BTK inhibitor, PRN473 Topical, for immune related skin conditions. The pipeline enhances Sanofi’s core interest in autoimmune and allergic diseases.
“The addition of multiple BTK inhibitors to our pipeline demonstrates our commitment to strategic product acquisitions in our priority therapeutic areas. Full ownership of our brain-penetrant BTK inhibitor ‘168 removes complexities for this priority development program and simplifies future commercialization”- Paul Hudson, Sanofi Chief Executive Officer
“...The benefit of developing several BTK inhibitors will allow us to target specific organ systems for optimal patient benefit. The merger will provide global resources to get these novel therapies to patients faster”- Martin Babler, President and CEO at Principia Biopharma.
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Click Here for more news and details on mergers, acquisitions and business updates
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