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July 28, 2016updated 26 Nov 2021 5:33am

Deals this week: AbbVie, Evolva, Trek Therapeutics

AbbVie has entered a clinical trial agreement with Bristol-Myers Squibb Company to evaluate the safety and efficacy of the former’s Rova-T, as well as in combination with the latter’s Opdivo, along with Opdivo + Yervoy regimen as a treatment for relapsed, extensive-stage, small-cell lung cancer (SCLC).

AbbVie has entered a clinical trial agreement with Bristol-Myers Squibb Company to evaluate the safety and efficacy of the former’s Rova-T, as well as in combination with the latter’s Opdivo, along with Opdivo + Yervoy regimen as a treatment for relapsed, extensive-stage, small-cell lung cancer (SCLC).

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
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According to the agreement, phase I/II clinical programmes will be jointly conducted to explore the potential of the regimen and also to determine if the targeted cell killing and antigen release caused by Rova-T enhances the effect of immunotherapy.

Evolva SA and US National Institute of Allergy and Infectious Diseases (NIAID) have entered a co-development agreement to develop nootkatone in multiple formulations against mosquitoes that transmit the Zika virus.

Following the agreement, a study will be conducted at the Colorado State University and sponsored by NIH to test the repellency and insecticidal properties of nootkatone against mosquitoes infected with Zika virus.

The data from the study will supplement Evolva’s ongoing research and fulfil the US Environmental Protection Agency’s requirements to commercially launch nootkatone.

Trek Therapeutics plans to further develop its antiviral portfolio and antiviral drugs by acquiring the worldwide development and commercialisation rights to lomibuvir and merimepodib from Vertex Pharmaceuticals Incorporated.

According to the agreement, Vertex Pharmaceuticals will receive milestone and royalties payment from Trek Therapeutics based on the successful development and commercialisation of the drugs.

Cardiome Pharma has announced an underwritten public offering of its common stock shares.

“Cardiome Pharma has announced an underwritten public offering of its common stock shares.”

The company plans to invest the raised funds for the in-licensing of dalbavancin from Allergan plc and for milestone payments related to the drug, and for other general corporate purposes.

Leerink Partners LLC is acting as sole book running manager and Blake, Cassels & Graydon LLp is acting as the legal advisor for the offering.

Tricida INC plans to advance its late-stage trials on the first-in-class clinical candidate TRC101 for the treatment of patients with kidney disease by using the funds raised from a series C financing round.

The company has raised $55m from the financing round, which was led by Longitude Capital Management Co. along with vivo Capital LLC, Orbimed Advisors LLC, Sibling Capital ventures and Limulus Venture partners LP.


Image : AbbVie has entered a clinical trial agreement with Bristol-Myers Squibb Company. Photo : Courtesy of Sue Adair.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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