Business

AZTherapies said that the company had closed a $26.3 million Series C preferred equity financing round that will fund completion of a Phase 3 trial of its ALZT-OP1 inhaled cromolyn/oral ibuprofen for the treatment of Alzheimer's disease. The COGNITE study was initiated in 2015 and is expected to be completed by the end of 2020. The company said that proceeds from … [Read more...] about AZTherapies raises $26.3 million in Series C financing

Respira Therapeutics has announced that United Therapeutics will end its collaboration with the company and will return all rights to Respira's RT234 vardenafil DPI, which is in Phase 2 development for the relief of symptoms of pulmonary arterial hypertension (PAH). The companies had announced the licensing deal and an investment by United Therapeutics in Respira in … [Read more...] about United Therapeutics returns rights to Respira’s RT234 vardenafil DPI

According to Vectura, the English High Court has dismissed all claims in a "passing off" case brought by GlaxoSmithKline in which GSK charged that of Sandoz's AirFluSal Forspiro DPI looks too similar to Seretide Accuhaler. Both inhalers and their packaging feature a similar shade of purple. Vectura noted that GSK has filed similar cases in a number of European … [Read more...] about English High Court dismisses GSK claims in AirFluSal Forspiro case

Lannett said that it has signed a US distribution agreement for rights to Respirent Pharmaceuticals' generic Advair Diskus. The agreement would begin after FDA approval and would continue for 10 years after distribution begins. Lannett said that it would pay an unspecified upfront payment and future milestones and that it would receive a portion of net profits during … [Read more...] about Lannett makes deal for distribution of generic Advair in US

Currax Pharmaceuticals has acquired US, Canadian, and Mexican rights to Onzetra Xsail intranasal dry powder sumatriptan from OptiNose, which announced that the license agreement includes a $4.8 million upfront payment, plus a 10% royalty on net sales over $3 million in 2020 and a $1 million milestone payment "subject to the achievement of a specified regulatory … [Read more...] about Currax Pharmaceuticals acquires North American rights to Onzetra Xsail

Dance Biopharm has announced a name change, saying that the company will now be known as Aerami Therapeutics. The company, which is developing the Dance 501 insulin SMI, said that it is also moving its headquarters from San Francisco, CA to Durham, NC, USA and is expanding its pipeline. The company recently presented results from the Phase 2 SAMBA 04 study of … [Read more...] about Dance Biopharm changes its name to Aerami Therapeutics, moves headquarters, adds to pipeline

The Australian government has awarded Victoria-based Lachesis Biosciences AUS$438,000 for commercialization of the company's rivastigmine nasal spray for the treatment of dementia in patients with Alzheimer's Disease. The Accelerating Commercialisation grant is designed to"help businesses turn good ideas into marketable products through activities such as trials, … [Read more...] about Lachesis Biosciences gets grant for commercialization of nasal spray for dementia

Canadian-based cannabis company TerrAscend has acquired exclusive distribution rights to Syqe Medical's Syqe medical cannabis inhaler in Canada, the companies announced. The Syqe inhaler, which uses cartridges loaded with medical cannabis plant material, has been available to patients for the treatment of pain in Israel since June 2019; previously, the inhaler was … [Read more...] about TerrAscend to distribute Syqe inhaler in Canada

Ruling on post-trial motions in a case in which a jury found in May 2019 that GSK had willfully infringed on a Vectura patent covering Ellipta, the presiding judge has upheld the jury's award of $89.7 million in damages to Vectura and has added an additional $10.5 million in damages based on GSK's continued infringement. The original award was based on 3% … [Read more...] about Judge increases award to Vectura in Ellipta case