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Home » Authors » Marie Powers

Articles by Marie Powers

No 'bacTRAPing' for Takeda: Pharma Snags Envoy for $140M

Nov. 7, 2012
By Marie Powers
Three years after its initial investment and two years after inking a research collaboration to discover drugs for schizophrenia, Takeda Pharmaceutical Co. Ltd. found Envoy Therapeutics Inc. irresistible, snagging the privately held company for up to $140 million in cash, including an undisclosed up-front payment and progress-dependent, preclinical milestone payments.
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MEI Pharma to Advance HDAC Inhibitor with $27.5M Raise

Nov. 6, 2012
By Marie Powers
Shares of MEI Pharma Inc. (NASDAQ:MEIP) popped on Monday morning and climbed throughout the day after the company disclosed a $27.5 million private placement.
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Supremes to Hear Arguments on 'Fraud-on-the-Market' Claims

Nov. 5, 2012
By Marie Powers
The Supreme Court is expected to hear oral arguments in Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, in which the big biotech is appealing a decision from the Court of Appeals for the Ninth Circuit that upheld a federal district court's refusal to hear evidence rebutting fraud-on-the-market claims involving erythropoietins before it certified a class in the shareholder lawsuit.
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Cornerstone Mulls Next Steps for Lixivaptan After CRL

Nov. 2, 2012
By Marie Powers
With government offices still hampered by the cleanup from Hurricane Sandy, the FDA was several days late responding to Cornerstone Therapeutics Inc.'s new drug application for lixivaptan. The decision, reported Thursday, was no shocker.
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Drais Pharma Remodels to House Virtual Biotechs

Nov. 1, 2012
By Marie Powers
Although privately held Drais Pharmaceuticals Inc. began operations five years ago, the Bridgewater, N.J.-based company reinvented itself in 2012 to shelter development projects as virtual biotechs.
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Despite Short-Term Revenue Hit, Sanofi Manages Patent Cliff

Oct. 31, 2012
By Marie Powers
Sanofi SA, which reported third-quarter results last week, placed its pipeline challenges front and center, noting "business [earnings per share] reflects patent expirations."
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CHDI's Global Network Aims To Tamp Down Huntington's

Oct. 31, 2012
By Marie Powers
On a day when all eyes in the U.S. were trained on the path of destruction left by Hurricane Sandy, the CHDI Foundation Inc. was focused on a very different destroyer: Huntington's disease (HD).
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Hydrocodone Combo Products Come Under FDA Microscope

Oct. 29, 2012
By Marie Powers
In a two-day meeting that begins this morning, the FDA's Drug Safety and Risk Management (DSaRM) Advisory Committee (adcom) will examine the potential impact of rescheduling hydrocodone combination products – those mixed with other analgesics or as an antitussive – from Schedule III to II, similar to hydrocodone alone.
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Fluorination Propels SciFluor into 'Billion-Dollar' Markets

Oct. 26, 2012
By Marie Powers
Nearly one in four marketed drugs contains the chemical element fluorine, including household names for vastly different indications such as Lipitor (atorvastatin, Pfizer Inc.), Cipro (ciprofloxacin, Bayer AG) and Prozac (fluoxetine, Eli Lilly and Co.)
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Despite Short-Term Revenue Hit, Sanofi Manages Patent Cliff

Oct. 26, 2012
By Marie Powers
Sanofi SA, which reported third-quarter results Thursday, placed its pipeline challenges front and center, noting "business [earnings per share] reflects patent expirations."
Read More
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