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BioCentury, the Bernstein Report on BioBusiness
As published for the week of Monday, May 14, 2012


  • Cover Story: Regulation: Lorcaserin's niche

    Despite potential REMS hurdles, Arena's lorcaserin could fill niche in obesity

    By Erin McCallister
    Senior Writer

    If FDA follows the advice of its advisory committee and approves Arena Pharmaceuticals Inc.'s lorcaserin, the biotech may be able to carve out a niche for the obesity compound despite modest efficacy and potential hurdles to use, including advice that recurring echocardiograms be used to rule out a cardiovascular risk.

    Last week, FDA's Endocrinologic and Metabolic Drugs Advisory Committee voted 18-4 with one abstention that the benefit-risk profile for lorcaserin supports approval for obesity.

    Full Article

Money Raised in 2012

Last week, the biotech industry raised $310 million, bringing to $11.6 billion the total raised year-to-date. In 2011, a total of $49.5 billion was raised, including $37.2 billion in debt and other fundraising, $4.2 billion in follow-ons, $1.8 billion in PIPEs, $1 billion in IPOs, and $5.4 billion in venture capital. Totals include overallotments and warrants, and are rounded to the nearest millions.

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