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Latest From IOmet Pharma
Oncology was top of mind for Scrip on the final day of the BIO International Convention in San Diego, including a next-generation cancer drug panel discussion and interviews with novel therapeutic developers. A day earlier, we spoke with Merck & Co about deals related to Keytruda and beyond.
IDO has emerged at the lead suitor among new cancer immunotherapy targets to partner with PD-1/L1 inhibitors; the early data help show why big pharmas are so much on board.
Q1 biopharma financing totaled $5.7 billion, a sharp drop from Q4, but this time early-stage venture rounds were the most popular fundraising vehicle;Q1 M&A also declined, totaling $12.3 billion, mostly from Mylan's $9.9 billion buy of Meda. The top alliance was again by Sanofi, in a five-year potential $2.26 billion collaboration with DiCE Molecules to develop oral small-molecule therapies against up to 12 targets.
KCI created a wound healing market potentially worth $6 billion as the first company to offer a new modality known as negative pressure wound therapy. Having uncovered such a large potential market, it's only natural that it would attract competition, and it has. In March 2009, wound care leader Smith & Nephew launched its own negative pressure wound therapy product line. KCI isn't going to give up market share without a fight; it's talking up its advantages and defending its IP portfolio mightily.