Biotech markets news. June 2014

- Morphosys (MOR.DE) and Merck Serono (MRK.DE) enter into immuno-oncology agreement. (cont’d)
- AstraZeneca (AZN) and Synairgen strike asthma deal.
- Kite Pharma (KITE) sets price range ahead of IPO.
- Orexigen Therapeutics (OREX) gets a 3 month delay for Contrave’s PDUFA.
- GSK and Theravance (THRX)  report positive Phase III data of ICS/LAMA/LABA combo in COPD.

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Biomarkets on the move. March 2014.

Biomarkets on the move. March 2014.

- Circassia raises $332M in London IPO (CIR.L)
- Vectura (VEC.L) acquiring Activaero, raises GBP200M in placing.
- Venrock plans $200M fund.
- Tesaro (TSRO) and AnaptysBio team up on cancer immunotherapies for $125M
- Charles River to acquire Galapagos (GLPG.BR) service divisions

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Basilea Pharmaceutica

Basilea Pharmaceutica

Basilea Pharmaceutica is a public European biotech company listed on the SIX Swiss exchange under the ticker BSLN.SW As of Dec 13th 2011 it shows a market cap of CHF 315M (USD $333M). From its last financial report (6 months ended June 2011), it sits on CHF 243M cash, the debt/equity ratio is 0.44 and net loss is CHF 20M Basilea is currently developing several products in the anti-infective area and has one product commercialized for the treatment of chronic hand eczema (CHE) in a number of countries in parntership with global pharmaceutical companies. (Article originally published in December 2011)

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