In Vivo's Deals Of The Month, September 2017

In Vivo's editors pick September's most significant deals, including lucrative partnerships for Halozyme and the pursuit of Dimension Therapeutics. (Free article.)

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Bristol-Myers Squibb Co. will pay $105 million up front and as much as $1.76 billion in milestones to use Halozyme Therapeutics Inc.'s Enhanze technology to develop subcutaneous versions of drugs against up to 11 immuno-oncology targets. [See Deal] The deal has the potential to be Halozyme's most lucrative to date. Also in September, Halozyme announced that Roche will pay $30 million up front and up to $160 million in milestone fees to add a target to their existing partnership. [See Deal]

September was rife with biopharma spin-offs including SpringWorks Therapeutics LLC,which launched from Pfizer Inc. with four clinical-stage assets and concurrently raised $103 million in Series A venture capital from the big pharma as well as Bain Capital Life Sciences, Bain Capital Double Impact, Orbimed and LifeArc. SpringWorks' compounds target diseases with no good treatment options: desmoid tumors, neurofibromatosis, hereditary xerocytosis and PTSD

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