Notizia - Recent Pharma, Healthcare and Biotech Happenings
Nov 29, 2018
Prometic bags USD 50 Million stock sale option to ease a cash crunch
Prometic Life Sciences got into an agreement for selling USD 50 million in stock. This gives Prometic a way to escape its current financial pressures. Canada-based Prometic was asked by the FDA to make and validate process changes for Ryplazim, a congenital plasminogen deficiency treatment. The company reverted by contemplating to extend its financial runway, both by cutting costs and getting money into the business. The R&D costs are expected to plunge by USD 30 million in 2019.
Vedanta receives USD 12 Million from Johnson & Johnson for the microbiome drug trial
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The collaboration of Vedanta Biosciences with Johnson & Johnson on microbiome therapies has gone for the clinical stage, remunerating a USD 12 million payment. The volunteers are now being treated in a phase 1 trial of VE202, a bacteria-based treatment for inflammatory bowel disease (IBD), focused on the microbiome – the population of gut bacteria that when out of balance are thought to play a role in many diseases.
Humira biosimilar agreement to save more than USD 300 Million
NHS England, the national health service, negotiated deals with five drugmakers to receive access to lower-cost versions of Humira of AbbVie. The health service apprised about USD 383 million in anticipated savings that it would be the biggest in NHS history from a single drug negotiation. The deals will decrease hospitals’ Humira bills by around three-quarters and could pay for 11,700 more community nurses or 19,800 more breast cancer treatments for patients.
Article in PDF
Nov 29, 2018
Prometic bags USD 50 Million stock sale option to ease a cash crunch
Prometic Life Sciences got into an agreement for selling USD 50 million in stock. This gives Prometic a way to escape its current financial pressures. Canada-based Prometic was asked by the FDA to make and validate process changes for Ryplazim, a congenital plasminogen deficiency treatment. The company reverted by contemplating to extend its financial runway, both by cutting costs and getting money into the business. The R&D costs are expected to plunge by USD 30 million in 2019.
Vedanta receives USD 12 Million from Johnson & Johnson for the microbiome drug trial
The collaboration of Vedanta Biosciences with Johnson & Johnson on microbiome therapies has gone for the clinical stage, remunerating a USD 12 million payment. The volunteers are now being treated in a phase 1 trial of VE202, a bacteria-based treatment for inflammatory bowel disease (IBD), focused on the microbiome – the population of gut bacteria that when out of balance are thought to play a role in many diseases.
Humira biosimilar agreement to save more than USD 300 Million
NHS England, the national health service, negotiated deals with five drugmakers to receive access to lower-cost versions of Humira of AbbVie. The health service apprised about USD 383 million in anticipated savings that it would be the biggest in NHS history from a single drug negotiation. The deals will decrease hospitals’ Humira bills by around three-quarters and could pay for 11,700 more community nurses or 19,800 more breast cancer treatments for patients.
