Enobia Pharma Corp of Montréal, Canada was purchased by Alexion Pharmaceuticals Inc., of Cheshire, Conn., at the end of 2011 for $610 million up front and $470 million in sales and regulatory milestones. Was this the result of good strategic planning? More...
PDI Blog
Strategic planning for big biobucks: Is Enobia Pharma’s acquisition by Alexion an example?
ISTA fends off Valeant take over: are they waiting for a bigger payoff?
Valeant recently made several attempts to get into confidential discussions and due diligence with ISTA. Valeant has a history of acquiring companies that have niche products on the market and the ISTA acquisition would be in line with their business strategy to minimize their development investment and focus on marketing and sales. ISTA has several products on the market already and is in a good position to launch several more in the next few years so they probably looked like a worthwhile take over target. After getting rebuffed by ISTA, Valeant tried an unusual tactic of trying to get the shareholders of ISTA to pay attention by publishing an open letter that proposed doubling their share price with a $6.50/share buyout offer. More...
Virdante sells it assets to Momenta: Why now?
The news that Momenta is acquiring Virdante’s Sialic Switch assets leaves me wondering about the timing. Virdante received $47.8M in Series A funding back in 2009 which should have been enough to let them get through Phase 1 and 2a clinical trials. Instead Virdante is opting to sell their primary program at the preclinical stage for $4.5M upfront. It seems to me that they are missing out on a potentially big inflection point in the value creation chain – proof of concept in humans. Have they run out of money or did they have too much sunk cost to attract new financing? Those are the only reasons I can come up with to explain why the investors would be willing to cash out now. More...
Excaliard to be acquired by Pfizer
Pfizer Inc., a pharmaceutical major based in New York, agreed to acquire Excaliard Pharmaceuticals Inc., a spin off from Isis Pharmaceuticals. This is a good example of the virtual biotech model in action. More...
What is PK Modeling?
Are you trying to figure out how to take advantage of Computer PK Models in drug development? Pharmacokinetics is not rocket science; it’s far more complex. So how well can they do at actually predicting drug delivery and disposition? More...
Clovis Oncology IPO: Is this the beginning of the IPO market opening?
Clovis Oncology went public yesterday and raised a whopping $130M in new money. They originally priced their offering at $13-15 per share. Most analysts expected the price to get discounted as has happened to so many other biotech IPOs in the last two years. Clovis was able to close its IPO at $13/share at the low end of their original offering. Is this a case of the market opening up as the economic indicators are improving or do you have to go for over $100M to get close to your original offering or is it due to the faith the public is placing in a management team that has a record of success. What do you think? More...
What is Oral Bioavailability?
What is biopharmaceutics really useful for?
Biopharmaceutics is defined as the study of the physical and chemical properties of drugs and their proper dosage as related to the onset, duration and intensity of drug action. The science of biopharmaceutics is essentially comparing the dissolution of a drug to its in-vivo performance and its effectiveness. Passing this evaluation based on specific criteria has been one of the keys to getting approval from the US Food and Drug Administration. But, there is much more value to this science then initially meets the eye. Read the rest at our Resource Center White Papers.
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How Should Virtual Biotechs Outsource To Be Most Effective?
Every company has creative initiative and some core competencies; activities that require these attributes should remain inside. All else is fair game for outsourcing as long as outsourcing is done effectively. Although there are many guides for finding contract research organizations (CRO) and contract manufacturing organizations (CMO), there are few for understanding how to work with them effectively. Outsourcing is a skill that has to be taught and practiced to make it work for each pharmaceutical company. This is especially important for small startup companies that need the CRO resources, but are not far enough along in their funding efforts to afford mistakes. More...
Creativity in Virtual Biotech Companies
Creativity has been the cornerstone of every form of industrial revolution. Inventions from the time of Gutenberg press to the transistor to the dot.com software have provided the fuel of economic expansion. This is just as true for pharmaceuticals as it has been for all other world-changing industries. It is the reason why many diseases can now be prevented and treated without resort to hospital stays or surgical procedures. More...