Merck return of rights pushes Cardiome to weigh vernakalant options
This article was originally published in Scrip
Few questions were asked - and even fewer answered - when Cardiome Pharma executives spoke with analysts and reporters on 26 September about Merck returning the global marketing and development rights for oral and intravenous formulations of the atrial fibrillation (AF) drug vernakalant to the Canadian company.
You may also be interested in...
Public Company Edition: Codiak, Kiromic, Aligos and Opthea have fallen below their initial public offering values, while Tarsus and Praxis are trading higher. Also, 5AM, MPM and Cormorant took biotech SPACs public and Evotec led recent non-IPO financings with a €250m private placement.
Private Company Edition: Venture capital invested in pharma and biotech in 2020 totaled $19.5m through Q3, just $400m below the full-year record total of $19.9bn in 2018. Also, Canaan and Catalio reveal new VC funds, while Talaris’s $115m series B leads recent financings.
Biopharma executives discussed their strategies for treating chronic diseases during the Cell and Gene Meeting on the Mesa, including R&D and regulatory considerations.