Drug Companies Update March 2009
Mergers, acquisitions & Joint Ventures
- Transcept Pharmaceuticals and Novacea have merged.
- Helsinn has acquired Sapphire Therapeutics.
- Duska Therapeutics has changed its name to Cordex Pharma.
- Arca biopharma has merged with Nuvelo.
New Companies
- Chaksu Research is developing treatments for degenerative ocular disease.
- Garnet BioTherapeutics is a biotech outfit, developing their lead GBT-009 for various indications.
- Genyous Biomed is focused on developing anticancers.
- Omnitura Therapeutics is developing anticancers.
- PhotoImmune Biotechnology is developing an HIV vaccine based on photolabelling and inactivation of HIV reverse transcriptase.
- Premacure is working in the field of premature birth complications.
- Sanomune is developing drugs for the treatment of neurological and autoimmune disorders.
- Trevena is pursuing novel products targeting G-protein coupled receptors.
- Vitala Therapeutics is a biopharmaceutical company that specializes in early disease intervention and chronic disease management.
