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Home » Authors » Michael Fitzhugh

Articles by Michael Fitzhugh

Antibodies attacking cancer cell

Jounce tumbles as phase II NSCLC trial readout disappoints

Nov. 2, 2020
By Michael Fitzhugh
Jounce Therapeutics Inc. has quit enrolling Emerge, an open-label phase II study of its inducible T-cell co-stimulator agonist, vopratelimab, the company’s most advanced candidate.
Read More
Stem cells

Motix mobilizes Biolinerx shares as late-stage data favors drug

Oct. 30, 2020
By Michael Fitzhugh
An interim analysis of Biolinerx Ltd.'s phase III test of motixafortide for stem cell mobilization in multiple myeloma patients has paved what CEO Philip Serlin called the "most efficient path to registration" for the candidate, an antagonist of the chemokine receptor CXCR4.
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Kidney disease illustration

Tricida surprised by FDA request for additional veverimer data

Oct. 29, 2020
By Michael Fitzhugh
Shares of Tricida Inc. (NASDAQ:TCDA) fell 47.2% to $4.37 on Oct. 29 after the company said the FDA would require data on how veverimer, its investigational therapy for metabolic acidosis in patients with chronic kidney disease (CKD), impacts CKD progression to support an accelerated approval. The news followed a complete response letter that met the NDA in August.
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Lilly antibody quality testing process
Potential paydays

Lilly, Novartis continue to push ahead with COVID-19 efforts

Oct. 28, 2020
By Michael Fitzhugh
With the world heading straight into a "very tough" stretch of the COVID-19 pandemic in which "too many countries are seeing an exponential increase in cases," according to World Health Organization Director-General Tedros Adhanom Ghebreyesus, two lucrative deals announced Oct. 28 showed little slack in efforts to confront the virus, even as evidence is still developing.
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RNA illustration

Sirnaomics secures $105M series D, preps for potential IPO

Oct. 27, 2020
By Michael Fitzhugh
RNAi therapeutics specialist Sirnaomics Inc. has wrapped up a $105 million series D financing that will support ongoing clinical development of its cancer and fibrotic disease programs plus work on early stage programs targeting metabolic disease and viral infections. But with both new and existing investors jumping in, the company is also preparing for something bigger: its next phase of growth, including a near-term IPO.
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Cstone inks $1.15B-plus deal with Eqrx for two immune checkpoint inhibitors

Oct. 27, 2020
By Michael Fitzhugh
Just weeks after exclusively out-licensing China rights for its anti-PD-L1 monoclonal antibody (MAb), sugemalimab, to Pfizer Inc., Cstone Pharmaceuticals Co. Ltd. has monetized it again in a valuable new deal with Eqrx Inc. Deal terms include $150 million up front and as much as $1.15 billion in milestones for Cstone in exchange for full commercial rights to sugemalimab and the anti-PD-1 MAb CS-1003 outside greater China. Cstone could also receive tiered royalties if the products reach market.
Read More

Cstone inks $1.15B-plus deal with Eqrx for two immune checkpoint inhibitors

Oct. 27, 2020
By Michael Fitzhugh

Daily aspirin gains new attention in COVID-19 fight while antiviral drug trial stopped

Oct. 26, 2020
By Michael Fitzhugh
Interest in testing the mettle of three widely available drugs against COVID-19 gained traction Monday, led by suggestions that daily low-dose aspirin might lower the risks of complications and death from the disease.
Read More
RNA illustration

Sirnaomics secures $105M series D, preps for potential IPO

Oct. 23, 2020
By Michael Fitzhugh
RNAi therapeutics specialist Sirnaomics Inc. has wrapped up a $105 million series D financing that will support ongoing clinical development of its cancer and fibrotic disease programs plus work on early stage programs targeting metabolic disease and viral infections. But with both new and existing investors jumping in, the company is also preparing for something bigger: its next phase of growth, including a near-term IPO.
Read More

Roche partners with Atea in new $350M COVID-19 deal

Oct. 22, 2020
By Michael Fitzhugh
Roche Holding AG, already advancing multiple therapies and diagnostics for COVID-19, is adding its support for Boston-based Atea Pharmaceuticals Inc.'s AT-527 to the lineup.
Read More
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