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Eleven Bio risks a new focus after trial failure

 
• By Lisa LaMotta

It seems Allergan has a more durable franchise in Restasis than some biotech investors would like to believe. A competitor to the dry eye drug from Eleven Biotherapeutics failed a Phase III pivotal trial, pushing the company to change focus.

Eleven Bio announced early 18 May that EBI-005 failed to reduce pain or damage to the cornea compared to a control in a 12-week study. Progress in the study was...

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The French drugmaker is expanding its neurology activities with the $470m deal.

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• By Andrew McConaghie

The biotech believes its logic-gated cell therapies can get round the need for ‘clean targets’ which limit CAR-Ts and ADCs.

All Over For iTeos But Applause For Plan To Return Cash Fast

 
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In Brief: Nicox Extends Cash Runway As Kowa Advances NCX 470 In Japan

 
• By Sushmita Panda

Eye drug is already in Phase III trials elsewhere, with results due in Q3. Nicox could earn up to a further €24.5m in milestones and royalties from Kowa alliance.