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Plexxikon Deals Kidney Disease Drug To Roche (Updated)

This article was originally published in The Pink Sheet Daily

Executive Summary

With a three-year financial runway, biotech contends the deal validates its discovery-only business model.

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The $100 Million IND

An extraordinary series of high-value IND-stage deals could help to solve what has always been the intractable problem for biotechs: how to fund late-stage product development and simultaneously re-fill the early-stage pipeline. Still, it will be the rare biotech that can pull off this strategy--which requires INDs in the hottest areas of pharmaceutical development.

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