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Kidney drug deal could be worth more than $150M to High Point-based vTv


by Barry Teater, NCBiotech writer December 16, 2020 .
RESEARCH TRIANGLE PARK – vTv Therapeutics of High Point has out-licensed worldwide development and commercialization rights to its potential kidney disease drug to a California biotech company in a deal that ultimately could be worth more than $150 million.
Under the terms of the agreement, Anteris Bio will pay vTv $2 million up front and up to $151 million for future development, regulatory and commercial sales milestones, as well as royalties on annual net sales. In addition, vTv will receive a minority equity stake in Anteris.
Anteris is a newly formed portfolio company of Aditum Bio, the biotech investment firm co-founded in 2019 in Oakland, Calif., by former Novartis CEO Joe Jimenez and Mark Fishman, M.D., former president of the Novartis Institutes for BioMedical Research. ....

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Aditum Bio launches third company, Anteris Bio, in collaboration with TrialSpark


Aditum Bio launches third company, Anteris Bio, in collaboration with TrialSpark
- Aditum Bio spin-out companies such as Anteris Bio will leverage TrialSpark s clinical development engine to rapidly advance their drug assets through clinical trials.
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NEW YORK, Dec. 16, 2020 /PRNewswire/  TrialSpark, a tech-enabled drug development partner committed to improving the speed, quality, and innovation of clinical trials, formally announces a collaboration with Aditum Bio, a San Francisco-based venture firm focused on acquiring and developing biotechnology assets that will benefit patients.
Anteris Bio in-licensed ANT-401 from vTv Therapeutics, to be studied in CKD and across multiple etiologies of renal diseases. As Aditum Bio s drug development partner, TrialSpark will support Anteris Bio using its innovative, tech-enabled clinical development model. ....

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ANAVEX LIFE SCIENCES (AVXL), (BNTX) - Why Mesoblast, Anavex And More Pharma Stocks Are Moving Today


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Eli Lilly (NYSE: LLY) shares are trading higher on Tuesday after the company announced it will acquire Prevail for total consideration of $26.50 per share in cash. The company also issued the fiscal year 2020 EPS and sales guidance above analyst estimates.
Eli Lilly shares were trading up 3.01% to $162.64 at the time of publication on Tuesday. The stock has a 52-week high of $170.75 and a 52-week low of $117.06.
BioNTech s (NASDAQ: BNTX) shares are trading higher following reports suggesting the European Medicines Agency is aiming to approve the company s COVID-19 vaccine on Dec. 23.
BioNTech is a Germany-based biotechnology company that focuses on developing cancer therapeutics, including individualized immunotherapy, as well as vaccines for infectious diseases, including COVID-19. BioNTech is partnered with several large pharmaceutical companies, including Roche, Eli Lilly, Pfizer, Sanofi, and Genmab and does not yet have any commercialized medicines. ....

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