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Viventia's Cancer Ambitions Go To Eleven

 
• By Joseph Haas

Merger with troubled ophthalmology biotech Eleven takes Viventia public and joins the protein-engineering and manufacturing expertise of the two firms. Lead candidate Vicinium is in Phase III for high-grade, non-muscle invasive bladder cancer.

US dollars and pills

Eleven Biotherapeutics Inc. will live on, at least in name, following a merger with Canada's Viventia Bio Inc., resulting in a new company named Eleven that will focus primarily on Viventia's legacy Phase III targeted protein therapeutic Vicinium for bladder cancer and Phase II-ready Proxinium for head-and-neck cancer.

On Sept. 21, the two companies announced the transaction, effective immediately, in which Eleven purchased all outstanding shares in Viventia in exchange for the issuance of 4m-plus shares of Eleven...

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