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BenevolentAI to reduce staff by 30% in business reshuffle

Drug Discovery World

The company says it will focus on its AI-driven drug discovery collaboration and proprietary pipeline, believing these will bring the greatest potential return for shareholders. It remains committed to its previous guidance of signing at least one new collaboration and out-licensing at least one of its pipeline assets during 2024.

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Singapore accepts Everest’s NDA for IgA nephropathy treatment

Pharmaceutical Technology

The Singapore Health Sciences Authority (HSA) has accepted Everest Medicines’ new drug application (NDA) for Nefecon to treat adults with primary immunoglobulin A nephropathy (IgAN) who are at risk of disease progression. The designation made Nefecon the first non-oncology product in the programme.

Medicine 130
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PTC and Blackstone enter financing partnership of up to $1bn

Pharmaceutical Technology

PTC Therapeutics has signed a strategic financing partnership worth up to $1bn with funds managed by Blackstone to back the development of the former’s innovative product pipeline. PTC will use the network and life sciences capabilities of Blackstone to expand its business development works.

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Alimera Sciences buys US rights to EyePoint’s Yutiq

Pharmaceutical Technology

Alimera Sciences has acquired the US commercialisation rights for Yutiq (fluocinolone acetonide intravitreal implant) 0.18mg from EyePoint Pharmaceuticals. It received approval from the US Food and Drug Administration in October 2018. will be paid in equal quarterly instalments in 2024.

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Developing novel targeted radiopharmaceuticals for cancer treatment

Drug Discovery World

In the In Conversation With series, a part of the free DDW podcast, DDW speaks with members of the drug discovery industry about their work and how it helps turn science into business. In this episode, Megan Thomas is in conversation with Manfred Ruediger, CEO of Ariceum Therapeutics.

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In Conversation With: Manfred Ruediger, CEO of Ariceum Therapeutics

Drug Discovery World

In the In Conversation With series, a part of the free DDW podcast, DDW speaks with members of the drug discovery industry about their work and how it helps turn science into business. In this episode, Megan Thomas is in conversation with Manfred Ruediger, CEO of Ariceum Therapeutics.

Drugs 59
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Antibody Drug Conjugates Market Update: Ambrx and NovoCodex Collaborate

Roots Analysis

Ambrx and NovoCodex Biopharmaceuticals announced that they have formed a second collaboration to develop and commercialize Ambrx’s internally developed site-specific antibody drug conjugates. The antibody drug conjugates market is expected to grow at a CAGR of ~10% during the forecast period. Check the details of the agreement here.