Business

AZTherapies said that it has closed a $33.6 million Series C-1 financing that will fund regulatory and pre-commercial activities related to the company's ALZT-OP1 inhaled cromolyn/oral ibuprofen for Alzheimer’s disease and for development of other candidates. The financing round was led by Duopharma Biotech Berhad. In October 2019, AZTherapies announced that it had … [Read more...] about AZTherapies raises $33.6 million as Phase 3 trial of its inhaled Alzheimer’s therapy nears completion

Galecto said that it has completed a $64 million equity financing led by Soleus Capital that will be used to advance several candidates, including GB0139, a galectin-3 inhibitor DPI for the treatment of idiopathic pulmonary fibrosis (IPF). Specifically, the company said that funds will "support preparations for potential EU conditional approval of GB0139 in … [Read more...] about Galecto raises $64 million in preparation for potential approval of its inhaled galectin-3 inhibitor for IPF

Bharat Biotech and Precision Virologics have acquired the rights to a single dose intranasal COVID-19 vaccine developed at the Washington University School of Medicine in St. Louis, the companies said. The agreement gives Precision Virologics rights to the chimpanzee adenovirus-vectored vaccine in the US, Europe, and Japan and gives Bharat distribution rights in the … [Read more...] about Bharat Biotech and Precision Virologics license intranasal COVID-19 vaccine from Washington University in St. Louis

Verona Pharma has announced the initiation of the Phase 3 ENHANCE (Ensifentrine as a Novel inHAled Nebulized COPD thErapy) program to study the use of nebulized ensifentrine for the treatment of moderate to severe COPD. In July 2020, the company announced that it had raised approximately $200 million for Phase 3 development of the nebulized formulation for … [Read more...] about Verona initiates Phase 3 trials of nebulized ensifentrine for COPD

Recordati has acquired marketing rights to ARS Pharmaceuticals' ARS-1 epinephrine nasal spray in the EU, Iceland, Liechtenstein, Norway, Switzerland, the UK, Russia/CIS, Turkey, the Middle East, and francophone African countries, the companies said. ARS will manufacture the nasal spray and supply it to Recordati. The deal includes an upfront payment plus milestones … [Read more...] about Recordati gets marketing rights to ARS’s epinephrine nasal spray in 93 countries

Teva Respiratory has launched its AirDuo Digihaler fluticasone propionate / salmeterol and ArmonAir Digihaler fluticasone propionate DPIs in the US, the company said. The company announced the launch of its ProAir Digihaler albuterol sulfate DPI in July 2020. AirDuo Digihaler was approved by the FDA for the treatment of asthma in July 2019, and the agency approved … [Read more...] about Teva launches AirDuo Digihaler and ArmonAir Digihaler in the US

Perrigo said that the company stopped production and distribution of its albuterol sulfate metered dose inhalers in the US and has issued a recall of the MDIs "out of an abundance of caution as a result of complaints that some units may not dispense due to clogging." The company noted that the inhalers are manufactured by Catalent Pharma Solutions and said that there … [Read more...] about Perrigo announces US recall of albuterol MDIs

According to Seelos Therapeutics, the Japanese Patent Office has issued Japanese patent number 6722453, titled "Anxiolytic Composition, Formulation and Method of Use," covering the company's SLS-002 intranasal racemic ketamine formulation for treatment of anxiety due to phobias. In addition, the company said that it received a notice of allowance for Japanese patent … [Read more...] about Seelos Therapeutics gets Japanese patent for intranasal racemic ketamine