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7:14 AM, Jun 21, 2018  |  BC Extra | Financial News

Rhythm raises $151.4M in follow-on

Rhythm Pharmaceuticals Inc. (NASDAQ:RYTM) raised $151.4 million through the sale of 5.7 million shares at $26.42 in a follow-on underwritten by Morgan Stanley, BofA Merrill Lynch, Cowen and Needham. The price is an 8% discount...
9:46 PM, Jun 20, 2018  |  BC Extra | Financial News

Four companies in IPO quintet post first-day gains

Four of the five biopharmas that priced IPOs late Wednesday posted gains on Thursday. Cell therapy company Avrobio Inc. (NASDAQ:AVRO) had the biggest first-day bump, climbing $12.20 (64%) to $31.20, while three others posted double-digit...
4:00 PM, Jun 20, 2018  |  BC Extra | Company News

Gawande to head Amazon-Berkshire-Chase healthcare company

Amazon.com Inc. (NASDAQ:AMZN), Berkshire Hathaway Inc. (NYSE:BRK.A; NYSE:BRK.B) and JPMorgan Chase & Co. (NYSE:JPM) hired Atul Gawande as CEO of their new company focused on U.S. employee healthcare, effective July 9. His experience draws from...
3:54 PM, Jun 20, 2018  |  BC Extra | Preclinical News

Broad ErbB inhibition arrests KRAS mutant cancer

Multi-ErbB inhibitors may provide a treatment option for K-Ras (KRAS)-driven lung cancer where ErbB family member EGFR1-specific therapies have failed, according to two studies published in Science Translational Medicine on Wednesday. The findings suggest a way...
3:45 PM, Jun 20, 2018  |  BC Extra | Company News

Management tracks: Sanofi, NantKwest

Sanofi (Euronext:SAN; NYSE:SNY) hired Jean-Baptiste Chasseloup de Chatillon as EVP and CFO, effective Oct. 1. He was CFO and EVP at automotive company PSA Group (Euronext:UG). Natural killer cell company NantKwest Inc. (NASDAQ:NK) said Chief Accounting...
3:40 PM, Jun 20, 2018  |  BC Extra | Company News

Roche, Tesaro decline to comment on potential bid

Roche (SIX:ROG; OTCQX:RHHBY) and Tesaro Inc. (NASDAQ:TSRO) declined to comment on an Intereconomía report that said Roche is working with Citibank on a bid to acquire Tesaro. Intereconomía cited sources familiar with the matter. This month,...
3:18 PM, Jun 20, 2018  |  BC Extra | Preclinical News

TRPV4 could be new target for brain edema

University of Tokyo researchers and colleagues found inhibiting transient receptor potential vanilloid 4 (TRPV4; VRL2) could help treat brain edema caused by traumatic brain injury or stroke, according to a paper published in The Journal...
2:18 PM, Jun 20, 2018  |  BC Extra | Politics & Policy

Senate rejects clawback attempt

The Senate rejected a bill on Wednesday that would have rescinded more than $7 billion previously approved for the Children’s Health Insurance Program (CHIP). The original legislation proposed by the Trump administration, called the Spending...
1:13 PM, Jun 20, 2018  |  BC Extra | Financial News

ObsEva raises $73M on heels of linzagolix data

ObsEva S.A. (NASDAQ:OBSV) raised $73.1 million through the sale of 4.8 million shares at $15.39 in a follow-on underwritten by J.P. Morgan, Credit Suisse Securities (USA), Jefferies, Wedbush Securities and H.C. Wainwright. The price is...
1:02 PM, Jun 20, 2018  |  BC Extra | Company News

TG, Novimmune developing CD47/CD19 bispecific

TG Therapeutics Inc. (NASDAQ:TGTX) partnered with Novimmune S.A. (Plan-les-Ouates, Switzerland) to develop Novimmune’s TG-1801 (formerly NI-1701). The companies plan to begin clinical testing of the candidate this year or early next year, with a focus...

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