– Vir to continue advancing next-generation COVID-19 solutions independently or with other partners – – The Companies will continue working together to ensure ongoing access to sotrovimab for patients around the world, where authorized, and to advance new therapies for influenza and other respiratory diseases – Vir Biotechnology, Inc. (Nasdaq: VIR) today announced that the research collaboration agreement established with GSK in 2020 has been amended to reflect that Vir will continue its ongoing

Alcon (SIX/NYSE: ALC) recently announced that it has settled a patent dispute with J&J Surgical Vision. The $199 million settlement, announced Feb. 12, ends a lawsuit that J&J had filed in June 2020 in U.S. District Court in Delaware. J&J Surgical Vision had claimed that Alcon femtosecond laser-assisted cataract surgery devices, including the company’s LenSx device, infringed on one or more claims in 12 of J&J’s U.S. patents. The LenSx laser system cataract procedures [Image courtesy of Alcon]

Cancer therapeutics accounted for most of the recent funding news. Immunology was represented too. Here’s a recap of the biotech startups that raised money in the past week. —Synthetic biology company Evonetix raised $24 million, extending its Series B financing to $54 million. Cambridge, U.K.-based Evonetix has proprietary technology that enables speedy synthesis of thousands of DNA sequences on a single silicon chip. The company said it will use the new cash to bring its chips to commercial sc

Epic, Nordic, Impact Advisors, The Chartis Group and Medasource were the five companies with the best performances in this year’s Best in KLAS Awards. The rankings, which were released on Wednesday, grade health IT vendors and consulting firms based on feedback from healthcare organizations that have adopted their products or used their services. KLAS Research named Epic as the top overall software suite for the thirteenth year in a row. Meditech Expanse’s health IT software suite came in second

Courtesy of JHVEPhoto/GettyImages One day after the Biden administration announced it will let COVID-19 emergency measures expire in May, Pfizer released full-year 2022 numbers Tuesday that reflect a collective move into a different stage of the pandemic. The results for Pfizer and BioNTech’s coronavirus vaccine, Comirnaty, were mixed. While sales for 2022 exceeded 2021 by 3% at $37.81 billion, the company expects this to fall to $13.5 billion in 2023. This reflects a projected dose demand of 65

BASEL, Switzerland I January 27, 2023 I The preliminary results from the ongoing global phase III study STAND (NCT03814746) indicate no statistically significant difference between crizanlizumab 5mg/kg or crizanlizumab 7.5mg/kg and placebo in annualized rates of vaso-occlusive crises (pain crises) leading to a healthcare visit over the first-year post randomization. These findings are inconsistent with previous trial results from SUSTAIN (NCT01895361), which demonstrated the superiority of criza

PRINCETON, N.J.--(BUSINESS WIRE)--Bristol-Myers Squibb (NYSE: BMY) today announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency has recommended the approval of Sotyktu (deucravacitinib) for the treatment of adults with moderate-to-severe plaque psoriasis. Sotyktu, an oral medication taken once-daily, is a first-in-class, selective, allosteric tyrosine kinase 2 (TYK2) inhibitor for the treatment of moderate-to-severe plaque psoriasis in adults wh

SAN DIEGO, CA, USA I January 24, 2023 I Kura Oncology, Inc. (Nasdaq: KURA), a clinical-stage biopharmaceutical company committed to realizing the promise of precision medicines for the treatment of cancer, today announced the clearance by the U.S. Food and Drug Administration (FDA) of the Investigational New Drug (IND) application for KO-2806, the Company's next-generation farnesyl transferase inhibitor (FTI), for the treatment of advanced solid tumors. The Company intends to evaluate safety, to

Once-daily, oral SGLT2 inhibitor shown to reduce blood sugar and improve glycemic control as an adjunct to diet and exercise MARLBOROUGH, MA, USA I January 23, 2023 I TheracosBio today announced that the U.S. Food and Drug Administration (FDA) has approved Brenzavvy™ (bexagliflozin), an oral sodium-glucose cotransporter 2 (SGLT2) inhibitor. BRENZAVVY is indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes. BRENZAVVY is not recommended for patien

ADELAIDE, Australia, Jan. 22, 2023 /PRNewswire/ -- Australian biotech company Ferronova announced today it has secured a further A$11 million to progress the company's nanoparticle platform to assist surgeons to more accurately locate and remove malignant cells during treatment of gastrointestinal and brain tumors. Irish company Renew Pharmaceuticals Limited (Renew) led an A$8 million capital raise, with a further A$3 million secured via an Australian Government Co-operative Research Centers Pro