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Home » Authors » Lee Landenberger

Articles by Lee Landenberger

Low Inbrija Q2 sales a deadweight to Acorda stock

Aug. 5, 2019
By Lee Landenberger
Poor second-quarter sales of newly launched Inbrija, the first and only inhaled levodopa, pummeled Acorda Therapeutics Inc. (NASDAQ:ACOR) as the stock lost nearly half its value, 48.9%, on Friday.
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Kyowa Kirin buys back certain non-oncology rights to tivozanib

Aug. 2, 2019
By Lee Landenberger
Aveo Oncology Inc. and Kyowa Kirin Co. Ltd. amended their 2006 license agreement so that Kyowa Kirin can buy back the non-oncology rights of tivozanib in Aveo territories, including the U.S. and the EU, while Aveo retains U.S. rights in cancer.
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Aclaris' phase II ATI-501 results for alopecia areata fail to convince investors

Aug. 1, 2019
By Lee Landenberger
Achieving statistically significant improvement over placebo with JAK inhibitor ATI-501 didn't satisfy Aclaris Therapeutics Inc.'s shareholders as the stock (NASDAQ:ACRS) dramatically dropped 26.4% on Wednesday. 
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Entresto from Novartis fails its critical phase III in heart failure

July 30, 2019
By Lee Landenberger
The failure of Novartis AG's Entresto in a phase III clinical trial staggered the stock (NASDAQ:NVS) somewhat Monday, down just 1.14%, but the real trauma may well be the loss of roughly $2.5 billion in anticipated sales.
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Jounce gets bounce and regains flexibility in retooled Celgene deal ahead of BMS merger

July 24, 2019
By Lee Landenberger

Ending the $2.6 billion agreement from 2016 with Celgene Corp. lifted the fortunes of Jounce Therapeutics Inc. (NASDAQ:JNCE) Wednesday as the stock rose 10.5%. Three years ago, Jounce and Celgene's massive deal was seen as a win for both. Jounce was to receive a $225 million up-front payment and a $36 million equity investment as part of a five-candidate immuno-oncology collaboration. 


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Tscan taking on immunotherapy field with T-cell platform; closes on $48M series B financing

July 24, 2019
By Lee Landenberger
David Southwell, a seasoned pharma exec and CEO of newly funded Tscan Therapeutics Inc., called from a small, unadorned conference room on the Harvard campus to talk about his new company. He's used to being on the clinical development side, where the accommodations are a bit more posh, but nonetheless he's pleased to be investigating T-cell therapy for cancer patients.
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Stock pop a Durect result of new Gilead deal

July 23, 2019
By Lee Landenberger

Stock pop a Durect result of new Gilead deal

July 23, 2019
By Lee Landenberger
Durect Corp. (NASDAQ: DRXX) got a solid bump after announcing it granted Gilead Sciences Inc. exclusive worldwide rights to develop and commercialize a long-acting injectable HIV product created with Durect's platform, Saber, in a deal that could generate more than $300 million for Durect.
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Kronos makes time for series A funding, adds $105M with help from execs, board members

July 19, 2019
By Lee Landenberger

Kronos makes time for series A financing, adds $105M with help from execs, board members

July 19, 2019
By Lee Landenberger
Kronos Bio Inc. closed a $105 million series A preferred stock financing, shored up by a board composed of longtime pharma executives that includes the company CEO and president, Norbert Bischofberger, the former Gilead Sciences Inc. R&D executive vice president and chief science officer.
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