Eclipse buy gives Bionomics cancer stem cell foothold
This article was originally published in Scrip
The Australian drug development firm Bionomics is spending Aus$10 million ($10.5 million) to acquire a private US venture that will give it both candidate antibody therapeutics against cancer stem cells (CSCs) and a direct presence in the US.
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After a comparatively subdued 2022 in terms of M&A and other deal-making, a strengthening currency and interest in new areas such as digital tools and cell and gene therapy might see a rebound in activity this year, which should also see domestic approvals of several potential blockbusters and more support for bioventures.
In this week's podcast version of Five Must-Know Things: the best of J.P. Morgan; Novartis on its US-first commercial plan; Chugai CEO talks to Scrip on the Roche alliance and more; Scrip Asks what this year holds for pricing and reimbursement; and the global outlook for biopharma funding.