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Infinity Regains Pipeline Rights, Gives Up Equity In Rejiggered Purdue Alliance

This article was originally published in The Pink Sheet Daily

Executive Summary

Infinity avoids the erosion of its rights to a promising PI3K drug by restructuring its alliance with Purdue and Mundipharma, essentially returning all control back to the cancer drug developer.

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Infinity Gets More Than A Cash Boost With AbbVie Tie-Up

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.

In A Competitive New Cancer Field, Infinity Looks For A Place To Play

Infinity presented positive efficacy data on its oral PI3 kinase inhibitor IPI-145 in CLL and lymphoma at ASCO, but other drug makers also released strong data on potential competitors that are further ahead in clinical development, sparking a stock sell off.

In A Competitive New Cancer Field, Infinity Looks For A Place To Play

Infinity presented positive efficacy data on its oral PI3 kinase inhibitor IPI-145 in CLL and lymphoma at ASCO, but other drug makers also released strong data on potential competitors that are further ahead in clinical development, sparking a stock sell off.

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