Deal Watch: Infinity Scores With AbbVie Deal, AbbVie Tries New Angle With Calico
Infinity gains street cred with AbbVie partnership on duvelisib, while AbbVie also branches out into aging disease by obtaining a stake in Google’s Calico; Palatin and Gedeon Richter pair up on female sexual dysfunction; and AstraZeneca finds an oncology discovery engine in Redx.
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MabVax to provide antibody-targeting technology to Memorial Sloan-Kettering, which could yield CAR-T therapeutic candidates for which Juno Therapeutics will hold an exclusive option. Mylan acquires injectable anticoagulant Arixtra from Aspen for $300 million, while Asterias will work with Cancer Research UK on non-small cell lung cancer program.
In a deal worth more than $800 million, AbbVie injects a vote of confidence into Infinity’s late-stage PI3K inhibitor program, but leaves the biotech the freedom to conduct other partnerships.
VCs address the need for new capital at the U.K’s BioTrinity partnering and investor meeting; France and Germany move to work together on translational drug research; and France’s suspension of Bayer’s Diane 35 shows its tougher regulatory line.