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Seattle Genetics, Inc. Announces Corporate Name Change to Seagen Inc.
“The change in our corporate name from Seattle Genetics to Seagen reflects who we are today, as we expand our presence beyond the Pacific Northwest and outside of the United States to support the commercialization of TUKYSA globally,” said Clay Siegall , Ph.D., President and Chief Executive Officer of Seagen. “We have three marketed products and a robust development pipeline of novel targeted product candidates. As we increase our global presence by adding new team members and locations outside of the United States as well as through strategic partnerships, we are better positioned to bring important new therapies to cancer patients around the world. Our passion for helping patients is stronger than ever.”
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Vincera Pharma, Inc Announces Exclusive License Agreement with Bayer Including a Clinical-stage PTEFb/CDK9 Inhibitor and a Preclinical Bioconjugation Platform
“This license agreement with Bayer creates the foundation of Vincera’s targeted clinical oncology pipeline, with a potentially best-in-class asset, while positioning us for long-term growth across two therapeutic platforms,” said Ahmed Hamdy M.D., Chief Executive Officer of Vincera. “Our lead asset, VIP152, is a small molecule PTEFb/CDK9 inhibitor with very encouraging data from monotherapy Phase 1 studies, including 2 of 7 patients with durable remissions of over 2 years in the very aggressive indication of relapsed/refractory double-hit DLBCL. In addition, preclinical data support our belief that VIP152 is the most selective CDK9 inhibitor in the clinic with on-target depletion of oncogenic MYC and MCL1 mRNA transcripts in patients. These results, combined with the acceptable safety profile seen to date, suggest that VIP152 could be an important new treatment option for patients with MYC- and MCL1-driven malignancies. Importantly, with proof-of-concept clinical data in hand, we are poised to execute on a strategic clinical development plan with the potential for multiple accelerated approvals in the U.S. Expansion of the current Phase 1b study to include these patient populations is expected to begin in 2021.”
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Bristol Myers Squibb acquires MyoKardia for $13.1 Billion along with the promising Hypertrophic Cardiomyopathy drug Mavacamten
On 5th October 2020, Bristol Myers Squibb acquired MyoKardia, a clinical-stage company for $13.1 billion. This ginormous deal centers around the potential drug mavacamten (MYK-461) designed to treat obstructive hypertrophic cardiomyopathy (HCM). According to Giovanni Caforio, CEO, Bristol-Myers Squibb, Mavacamten will strengthen the cardiovascular portfolio of BMS. Additionally, Mavacamten could be filed with the FDA in the first quarter of next year and eventually launch at the end of next year. The merger deal also ensures BMS’s full right to MyoKardia’s other promising pipeline, including two clinical-stage therapeutics: danicamtiv (formerly MYK-491) and MYK-224.
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Takeda and Arrowhead signs $1.04 billion merger deal for Alpha-1 Antitrypsin-Associated Liver Disease treatment
On 8th October 2020, Takeda announced a collaboration and licensing pact to develop ARO-AAT, an RNAi therapy to treat alpha-1 antitrypsin-associated liver disease (AATLD). The partnership deal between Osaka-based Takeda Pharmaceutical and Pasadena, California-based Arrowhead Pharmaceuticals is worth $1.04B including an upfront payment of $300M and potential development, regulatory and commercial milestones up to $740M. Arrowhead’s first-in-class therapy ARO-AAT will be co-developed and co-commercialized in the United States by both companies and according to the pact they will share a 50/50 profit. Takeda will be entitled to commercialize ARO-AAT outside the U.S according to the exclusive license.
“This agreement also supports our strategy of using partnering selectively to continue to invest in our Targeted RNAi Molecule (TRiMTM) platform and the growing pipeline of RNAi therapeutics targeting diverse tissue types, while focusing our commercial organization on opportunities in two key areas of cardiometabolic and pulmonary.” - Christopher Anzalone, CEO, Arrowhead.
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