The shares of Utah-based Recursion climbed on December 7 after the company announced entering into a “transformational collaboration” with Swiss pharma giant Roche valued in the billions of dollars to identify and develop up to 40 new medications for neuroscience and oncology.
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EU health agencies recommended that Covid-19 vaccines be mixed and matched for both initial courses and booster doses as the region battles rising cases ahead of Christmas.
Boston-based Odyssey Therapeutics completed an oversubscribed $218 million Series A round. The funds will be used to advance multiple programs from the company’s pipeline and discovery platform.
Shares of vTv Therapeutics climbed in trading on December 7 after the company announced plans to restructure and reduce head count by 65 percent in order to ensure funding for a Phase III trial for lead diabetes program TTP399.
Biopharmaceutical firm Alvotech Holdings announced merger plans with Oaktree Acquisition Corp. in a deal that will create a combined entity worth around $2.25 billion.
GSK said on December 7 the British drugmaker’s antibody-based Covid-19 therapy with U.S. partner Vir Biotechnology is effective against all mutations of the new Omicron coronavirus variant, citing new data from early-stage studies.
Fingerpaint, biopharma’s global commercialization partner for analytics-enabled integrated solutions, announced the acquisition of MedThink, a North Carolina–based company that empowers healthcare providers through medical communications.
Canadian drug developer Medicago’s plant-based Covid-19 vaccine candidate – enhanced by GlaxoSmithKline’s booster – was 75.3 percent effective against the Delta variant of the virus in a late stage study, the two companies said on December 7.
A major British study into mixing Covid-19 vaccines found that people had a better immune response when they received a first dose of AstraZeneca or Pfizer-BioNTech shots followed by Moderna nine weeks later, according to the results on December 6.
Survivors of previous infection with the virus that causes SARS-CoV-2 may be at higher risk for reinfection with the Omicron variant than with earlier versions of the virus, preliminary findings show. Additionally, a booster shot of the Pfizer/BioNTech Covid-19 vaccine appears to provide strong protection – at least in the short term – according to data from Israel.