Radiopharm Specialist Navidea Steps Up Licensing Activity, Opens Boston Office In Anticipation Of Key Approval Decision

In the past year, Navidea has struck two licensing deals, expanded its geographic footprint, filed for its lead candidate Lymphoseek in the U.S. and has plans to file in Europe, and refocused into a commercial-ready biopharma specializing in radiopharmaceutical diagnostic products.

Navidea Biopharmaceuticals, headquartered in Dublin, Ohio specializes in the development and commercialization of radiopharmaceutical products that assist in the diagnosis of cancers and neurodegenerative diseases. In 2011, following the sale of its gamma detection systems business to Devicor Medical Products Inc, the company changed its name from Neoprobe to Navidea Biopharmaceuticals Inc.[See Deal]. In so doing, it focused on its radiopharmaceutical business, which at the time consisted of its lead candidate Lymphoseek (tilmanocept), currently submitted for approval in the U.S. and eligible for filing in Europe, and a Phase III radio-labeled antibody called RigScan.

In December 2011, Navidea (still doing business as Neoprobe) licensed exclusive worldwide rights to AstraZeneca PLC’s mid-stage fluorine-18-labeled agent...

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