Acquisition Expected to Close Today
Deal Valued at $9.7 Billion
Thousand Oaks, CA (Press Release) - Amgen (NASDAQ:AMGN) today announced that it has successfully completed its previously announced tender offer to purchase all outstanding shares of common stock of Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) for $125 per share in cash. As announced on Aug. 25, the purchase price is $9.7 billion net of estimated Onyx cash. The tender offer expired at 12:00 midnight New York City time on Oct. 1, 2013. Amgen expects to complete the acquisition of Onyx later today through a merger under Section 251(h) of the General Corporation …
Findings provide insights for new, targeted cancer therapies in clinical trials
Scottsdale, AZ (Press Release) - Researchers have discovered why multiple myeloma, a difficult to cure cancer of the bone marrow, frequently recurs after an initially effective treatment that can keep the disease at bay for up to several years.
Working in collaboration with colleagues at Princess Margaret Cancer Centre in Toronto, researchers from Mayo Clinic in Arizonaand the Translational Genomics Research Institute (TGen) in Phoenix were part of the team that conducted the study published in the Sept. 9 issue of …
- Orphan designation confirmed for PAT-SM6 clinical product
- Provides 10 years market exclusivity in Europe post approval
- PAT-SM6 is active in multiple myeloma patients with end stage disease who are resistant to other marketed therapies
Melbourne, Australia (Press Release) - Patrys Limited (ASX: PAB), a clinical stage biotechnology company is pleased to announce that lead anti-cancer product PAT-SM6 has been granted orphan drug designation by the European Medicines Agency (EMA) for multiple myeloma.
Orphan drug status is awarded to drugs that offer potential therapeutic value in the treatment of rare diseases …
Birmingham, AL (Press Release) - The University of Alabama at Birmingham Division of Hematology & Oncology and Bone Marrow Transplant Program have established the only multidisciplinary myeloma clinic in Alabama.
Myeloma is a blood cancer that develops in the bone marrow, the soft, spongy center of most bones. Many blood cells are produced in the bone marrow, and myeloma affects plasma cells, a type of bone marrow cell that helps fight infection. In multiple myeloma, normal plasma cells transform into malignant myeloma cells. The affected marrow space weakens, resulting in destruction of …
Copenhagen (Press Release) - Genmab A/S (OMX: GEN) announced today that its partner, Janssen Biotech, Inc. ("Janssen") will start a new Phase II study of daratumumab in multiple myeloma. The Phase II study is designed in 2 parts in multiple myeloma patients who have received at least three different lines of therapy including both a proteasome inhibitor and an immunomodulatory agent (IMiD) or who are double refractory to a proteasome inhibitor and an IMiD. This is the same indication for which daratumumab was granted Breakthrough Therapy Designation from the …
Toronto (Press Release) – Clinical researchers at Princess Margaret Cancer Centre have discovered why multiple myeloma, an incurable cancer of the bone marrow, persistently escapes cure by an initially effective treatment that can keep the disease at bay for up to several years.
The reason, explains research published online today in Cancer Cell, is intrinsic resistance found in immature progenitor cells that are the root cause of the disease – and relapse – says principal investigator Dr. Rodger Tiedemann, a hematologist specializing in multiple myeloma and lymphoma at the Princess Margaret, University Health …
San Antonio (Press Release) - America Stem Cell, Inc. (ASC) announced today it has received clearance from FDA for its Phase I/IIa nationwide multi-center dual-umbilical cord transplantation study evaluating ASC-101 in patients with hematologic malignancies and myelodysplastic syndrome.
ASC-101 is currently undergoing evaluation in a single-center study at The University of Texas MD Anderson Cancer. To date, 12 patients have been enrolled in the study with 9 patients evaluable. On the basis of data obtained in the single-center study, FDA has given approval to proceed with a multi-center trial.
"Enhancing umbilical cord stem cell …