Blocking a fertility hormone to fight cancer
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It sometimes happens that a medicine developed for one purpose is discovered to work wonderfully well in other, initially unanticipated indications. The founders of CG Therapeutics believe they can benefit from just such serendipity. The start-up company is developing a molecule first pursued at Ohio State University as a long-acting contraceptive some 30 years ago, now as a cancer vaccine meant to treat solid tumors.
Blocking a fertility hormone to fight cancer
2815 Eastlake Avenue East
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Also deals involving Xspray/Handa, Fosun/Expedition, Kaken/Astria, Orchid/Allecra, Sanofi/Visirna, KKR/Healthcare Royalty Partners, Viridian/Kissei, Sandoz/Evotec, Dx&Vx, Dr. Falk/Allianthera, Madrigal/CSPC and Lilly/LTZ.
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Deal Snapshot: Bayer will take over development of the asset once Kumquat completes a Phase Ia clinical trial, but the biotech firm may opt in to share US profits and losses.
Madrigal and Syndax update investors on their key launches, while Merck KGaA weighs in on the possibility of direct-to-consumer sales in the US.