News

SOUTH SAN FRANCISCO, Calif., June 24, 2016 /PRNewswire/ -- Global Blood Therapeutics, Inc. (GBT) (NASDAQ: GBT), a biopharmaceutical company developing novel therapeutics for the treatment of grievous blood-based disorders with significant unmet needs, today announced the closing of its previously announced underwritten public offering of 6,400,000 shares of common stock, at the public offering price of $18.75 per share. All of the shares in the offering were offered by GBT. GBT estimates net proceeds from the offering to be approximately $112.3 million, after deducting underwriting discounts and commissions and estimated offering expenses.

Funding to Take Lead Compound Through to Product Approval and Development of Pipeline Assets F2G Ltd, the UK-based antifungal drug discovery and development company, today announced that it has raised $60 million in financing to develop its pipeline of novel therapies to treat life threatening invasive fungal infections. The round was led by Sectoral Asset Management, with participation from Novo A/S, Aisling Capital and Brace Pharma Capital. Existing investors Advent Life Sciences LLP, Novartis Venture Fund, Sunstone Capital and Merifin Capital each participated in the round.

Company to host a webcast and conference call for investors at 4:30 pm EDT to review top-line results BOSTON, June 16, 2016 (GLOBE NEWSWIRE) -- Paratek Pharmaceuticals, Inc. (Nasdaq:PRTK) announces today that the Phase 3 registration study comparing its once-daily, broad spectrum antibiotic, omadacycline, to linezolid in the treatment of acute bacterial skin and skin structure infections (ABSSSI) met the U.S. Food and Drug Administration (FDA)-specified primary efficacy endpoint of early clinical response. In addition, the study met the two European Medicines Agency (EMA)-specified co-primary efficacy endpoints for post-treatment evaluation. This positive study is the first of two Phase 3 registration studies designed to support omadacycline regulatory applications for the FDA and EMA.

Intellectual Property Portfolio Broadened for Its Proprietary Transdermal Delivery System PRINCETON, N.J., June 16, 2016 (GLOBE NEWSWIRE) -- Agile Therapeutics, Inc., (NASDAQ:AGRX), a women's health specialty pharmaceutical company focused on the development and commercialization of new prescription contraceptive products, today announced that the U.S. Patent and Trademark Office issued US Patent 9,364,487 on June 14, 2016. The newly-issued patent includes claims covering the formulation of a progestin-only transdermal patch containing levonorgestrel and is expected to expire in 2032.

STAMFORD, Conn., June 15, 2016 (GLOBE NEWSWIRE) -- Loxo Oncology, Inc. (Nasdaq:LOXO), a biopharmaceutical company innovating the development of highly selective medicines for patients with genetically defined cancers, today announced that the company has accepted an invitation from the U.S. Food and Drug Administration (FDA) to participate in a meeting of the Pediatric Oncology Subcommittee of the Oncologic Drugs Advisory Committee on June 29, 2016. The purpose of the meeting is to improve and encourage the development of oncology and hematology drugs for pediatric use. These meetings are held regularly by the FDA, with various invited sponsors. At the meeting, Loxo Oncology plans to present an overview of LOXO-101, with an emphasis on opportunities for pediatric development.

MENLO PARK, Calif., June 13, 2016 (GLOBE NEWSWIRE) -- Dermira, Inc. (NASDAQ:DERM), a biopharmaceutical company dedicated to identifying, developing and commercializing innovative, differentiated therapies to improve the lives of patients with dermatologic diseases, today announced that it has closed its previously announced public offering of 5,175,000 shares of its common stock, including 675,000 shares sold upon full exercise of the underwriters’ option to purchase additional shares of common stock, at a price to the public of $28.00 per share. All of the shares were sold by Dermira. Dermira estimates net proceeds to Dermira from the offering to be approximately $135.8 million, after deducting the underwriting discounts and commissions and estimated offering expenses.

— Dr. Rima A. Rachid of Harvard Medical School and Boston Children’s Hospital Presented Data in a Late-Breaking Oral Abstract Session at EAACI Congress 2016 — — Patients on CODIT™ (Low-Dose) AR101 Extended Maintenance Therapy Experienced Minimal and Primarily Mild Adverse Events, and None Discontinued — — Data Reinforce CODIT™ Maintenance Regimen of 300 mg of AR101 per Day in Ongoing Phase 3 PALISADE Trial in Peanut-Allergic Children and Adults — — Management Will Host Conference Call on Monday, June 13, 2016, at 4 p.m. Eastern Time to Discuss Data — VIENNA--(BUSINESS WIRE)--Jun. 13, 2016-- Aimmune Therapeutics, Inc. (NASDAQ:AIMT), a biopharmaceutical company developing CODIT™ (Characterized Oral Desensitization ImmunoTherapy) treatments for life-threatening food allergies, today announced that new Phase 2 extended maintenance therapy data from Aimmune’s lead product, AR101 for peanut allergy, showed that the safety and tolerability profile improved with continued treatment, particularly in a low-dose extended maintenance regimen.

SAN DIEGO--(BUSINESS WIRE)--Jun. 9, 2016-- Cidara Therapeutics, Inc. (Nasdaq:CDTX), a biotechnology company developing novel anti-infectives and immunotherapies to treat fungal and other infections, today announced that the first patient has been dosed in RADIANT, a Phase 2 clinical trial comparing the safety and tolerability of the novel echinocandin, CD101, to standard-of-care fluconazole for the treatment of acute vulvovaginal candidiasis (VVC). RADIANT will evaluate two topical formulations of CD101, which is Cidara’s lead antifungal drug candidate.

SANTA CLARA, Calif., June 09, 2016 (GLOBE NEWSWIRE) -- Miramar Labs, Inc., (OTCQB:KTLC), a global aesthetic company announced today that it has entered into an exclusive distribution agreement with Meheco, a state-holding company listed on the Shanghai Stock Exchange (Ticker Symbol: China Meheco; Stock Code: 600056). Miramar Labs received the China Food and Drug Administration (CFDA) initial approval in May 2015 for the marketing and sale of miraDry® system in the People’s Republic of China and full approval to distribute its product in April 2016. The miraDry® system utilizes the Company’s proprietary miraWave® technology and is the first non-surgical system to permanently eliminate apocrine and eccrine glands in the axilla which are the cause of unwanted sweat and odor.

Funding to Support Further Commercialization of miraDry® for Sweat Reduction and Innovation of New Products SANTA CLARA, Calif., June 08, 2016 (GLOBE NEWSWIRE) -- Miramar Labs, Inc. (OTCQB:KTLC), announced today its successful completion of a reverse merger with Miramar Technologies, Inc., the manufacturers of the miraDry® system which delivers microwave energy to non-invasively destroy sweat and odor glands in the underarm. The combined entity will trade on the OTC Markets solely focusing on the business of Miramar and has applied for the ticker symbol “MIRA”.