acquisitionsMerck buys Prometheus for $10.8 billion Merck is growing its immunotherapy pipeline at a premium: It's buying San Diego-based Prometheus Biosciences for $10.8 billion. The company went public about two years ago at $19 a share; the deal values Prometheus shares now at $200 apiece. The acquisition is part of Merck's efforts to strengthen its pipeline before Keytruda loses patent protection in 2028.
The most lucrative of Prometheus' offerings is PRA023, an experimental drug for inflammatory bowel diseases like Crohn's and ulcerative colitis. Mid-stage studies suggest the drug's a "potentially best-in-class" medicine, one analyst said. It is an antibody that targets TL1A, a protein linked to inflammation and tissue scarring. Roivant and Pfizer are developing a similar drug, which also targets inflammatory bowel diseases.
Read more.
stat reportsUnderstanding clinical trial delays Delays happen all the time in clinical trials — but companies don't tend to explain in depth why. Sometimes it's just a temporary blip, explains R&D consultant Frank David, but extending trial timelines unexpectedly is nerve-wracking and often reduces the value of a program or a company. Although they tend to give competitors a leg up, delays aren't an indication that a therapy — or even a company — is going to fail.
"That said, as the cumulative delay increases, that could be a sign that a trial might flame out before completion for operational reasons, independent of whether or not the drug works," David says in a new Q&A with STAT. He's written a series of reports for STAT on how to evaluate and interpret clinical trials. The first is publishing today.
Find it here.
No comments