Sep. 17, 2014, 4:29 PM| Comment!
Sep. 15, 2014, 7:46 AM
- Roche (OTCQX:RHHBY) commences a Phase 3 clinical trial to evaluate the safety and efficacy of lampalizumab for the treatment of patients with geographic atrophy (GA), the advanced form of age-related macular degeneration (AMD). The primary endpoint of the 936-patient placebo-controlled study is the reduction in the rate of GA progression evaluated at week 48 from baseline.
- In a Phase 2 trial, the lampalizumab-treated group demonstrated a 20% reduction in GA lesion progression versus placebo. Lampalizumab-treated patients with the complement factor I biomarker demonstrated a 44% decrease in the rate of disease progression.
- No regulatory-approved therapies for GA currently exist.
Sep. 8, 2014, 7:22 AM
- The European Commission approves Roche's (OTCQX:RHHBY) RoActemra (tocilizumab) for the treatment of patients with severe, active and progressive rheumatoid arthritis (RA) who have not been treated with methotrexate. It is the first interleukin-6 (IL-6) receptor antagonist approved in Europe for early RA.
- The early RA indication is the fifth update and expansion to RoActemra's European label in three years.
Sep. 3, 2014, 11:56 AM
- The two firms sign a master clinical supply agreement whereby Roche (OTCQX:RHHBY +0.7%) will supply Gazyva (obinutuzumab) to Infiniti Pharmaceuticals (INFI +46.2%) for use in planned clinical studies to evaluate the combination of Gazyva and IPI-145 (duvelisib) as a treatment for patients with blood cancers.
- The companies also consummate a material transfer agreement whereby Infiniti will supply IPI-145 to Roche to use in its preclinical and translational research to evaluate the combination of duvelisib and Gazyva.
Sep. 2, 2014, 10:40 AM
- Roche (OTCQX:RHHBY -0.3%) debuts the molecular testing systems cobas 6800/8800 for blood and plasma donor screening in markets accepting the CE mark. The fully automated high throughput PCR analyzers can generate 96 results in less than 3.5 hours and up to 960 results in an eight-hour shift (8800) with substantial "walk-away" time and minimal operator interaction.
Aug. 28, 2014, 7:49 AM
- Pacific Biosciences of California (NASDAQ:PACB) achieves a development milestone under its agreement with Roche (OTCQX:RHHBY) triggering a $10M milestone payment. The companies signed a Development, Commercialization and License Agreement on September 23, 2013 whereby Pac Bio will develop diagnostic products for exclusive commercialization by Roche based its Single Molecule Real-Time (SMRT) technology. The agreement's initial term is 13 years. Roche may renew for 5-year periods. Pac Bio may earn up to an additional $30M in development milestones.
Aug. 25, 2014, 11:21 AM
Aug. 25, 2014, 10:18 AM
- The FDA approves Iroko Pharmaceuticals' Zorvolex (diclofenac) for the management of osteoarthritis pain. The agency cleared the NSAID for the treatment of mild-to-moderate pain in adults in October 2013.
- Related tickers: (PFE +0.1%) (MRK +0.9%) (OTCPK:BAYZF) (OTCPK:BAYRY +1.2%) (OTCQX:RHHBY +0.6%) (TEVA -0.5%) (MYL +0.8%) (PRGO -0.1%) (GSK +0.8%)
Aug. 25, 2014, 7:12 AM| Comment!
Aug. 24, 2014, 5:31 PM
- Roche (OTCQX:RHHBY, OTCPK:RHHBF) will pay $74/share for InterMune (NASDAQ:ITMN), a 38% premium to its Friday close and 63% higher than Aug. 12 when news of a potential sale emerged.
- The deal gives Roche access to pirfenidone, which targets idiopathic pulmonary fibrosis, a disease that causes tissue deep in the lungs to become thick and scarred over time. Analysts predict pirfenidone will generate $1B in global sales by 2019.
- Pirfenidone joins Roche’s stable of pulmonary treatments, including Pulmozyme for cystic fibrosis, Xolair for asthma, and in-development asthma drug lebrikizumab. Roche plans to speed pirfenidone’s U.S. start-up and help get insurance coverage for the medicine.
- Press release
Aug. 19, 2014, 12:51 PM
- Venture Capital firm Rock Health recently added eight digital health companies to its portfolio increasing its total to 55. The new additions include Welkin Health, whose Android app enables diabetics to access coaching and advice from the company's educators, Acumen which uses smartphone video for evaluating children with neurological disorders and two providers of platforms that ensure compliance with patient privacy laws.
- Another firm in the line up is Augmedix, which uses Google Glass to assist doctors in getting information to electronic record systems and to retrieve information verbally.
- Rock Health is partnering with Abbott Labs (ABT +0.2%), General Electric and Genentech (OTCQX:RHHBY +0.6%) to provide advice and resources to the portfolio companies. Other partners include Blue Shield of California and Deloitte Consulting.
Aug. 18, 2014, 4:55 PM
- According to the WSJ's Helen Thomas, Roche's (OTCQX:RHHBY +0.7%) reported interest in spending $10B for the 40% of Chugai Pharmaceutical it doesn't own reflects more on what's not out there than what is. The lack of attractive acquisition candidates due to bullish valuations, in Roche's view, means that it makes more sense deploy its money into a known quantity. In other words, it doesn't want to overpay for a new company that fails to reach its potential.
- Chugai's shares are no bargain, either, so Roche's timing is surprising if, indeed, it decides to make the move. Ms. Thomas thinks Roche's substantial cash horde may burning a hole in its corporate pocket. A special dividend to shareholders appears unlikely.
Aug. 18, 2014, 4:18 AM
- Despite Chugai Pharmaceutical (OTCPK:CHGCY) denying a rumor on Saturday of a Roche (OTCQX:RHHBY) takeover, Chugai shares jumped 15% to close at ¥3,825 on the Tokyo Stock Exchange, recording the stock's largest advance in more than 14 years.
- Sources say Roche will acquire the 38% stake of Chugai stock it does not already own for $10B, although the company says it is not even discussing the idea with Roche.
Aug. 17, 2014, 8:12 AM
- Chugai Pharmaceutical (OTCPK:CHGCY) denies a rumor that surfaced Friday, which stated that Roche (OTCQX:RHHBY) was in talks to buy the 40% stake of Chugai that it does not already own for $10B.
- The media report "is not based on any announcement made by Chugai or Roche," says the Japanese company in a news release.
- Previously: Roche may gobble up the rest of Chugai
Aug. 15, 2014, 12:47 PM
Aug. 15, 2014, 7:13 AM
- In a regulatory filing, Gilead Sciences (NASDAQ:GILD) discloses that yesterday an arbitration panel ruled that Roche (OTCQX:RHHBY +1.2%) is not entitled to any damages or relief in its arbitration case filed in March 2013 against the company and Pharmasset pertaining to rights to sofosbuvir. Roche claimed that pursuant to its collaboration agreement with Pharmasset it had exclusive rights to sofosbuvir because its is a prodrug of a uridine monophosphate analog and a prodrug of the cytidine analog PSI-6130. Roche further claimed it had an exclusive license to a patent covering sofosbuvir and that Gilead infringed on that patent by selling sofosbuvir.
- Gilead and Pharmasset filed their response in April 2013. The arbitration hearing was held in June 2014.
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Headquartered in Basel, Switzerland, Roche is a leader in research-focused healthcare with combined strengths in pharmaceuticals and diagnostics. Roche is the world?s largest biotech company, with truly differentiated medicines in oncology, immunology, infectious diseases, ophthalmology and... More
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