Basel, Switzerland (Apr. 19)-Novartis (www.novartis.com) acquired the rights to a development compound that combines medicinal and vaccine technology to help smokers overcome their addiction to nicotine. The compound, CYT002-NicQb, is being developed by Cytos Biotechnology AG (Schlieren, Switzerland, www.cytos.com) and is set to enter Phase III trials in late 2008. Under the agrement, Novartis acquires the worldwide development, manufacturing, and commercialization rights to NicQb.
Leiden, Netherlands (Apr. 25)-Drug-delivery and development company OctoPlus N.V. (www.octoplus.nl) obtained additional rights to IsoTis, Inc.'s (Irvine, CA, www.isotis.com) "PolyActive" drug-delivery technology. PolyActive is used in OctoPlus's product "Locteron," a controlled-release formulation of interferon alfa for the treatment of chronic hepatitis C. The new agreement gives OctoPlus control over the use and manufacture of PolyActive in the areas of controlled-release pharmaceuticals, medical coatings, and orthopedics.
St. Louis, MO (Apr. 26)-SAFC (www.safcglobal.com) completed the construction of two new protein active pharmaceutical ingredient (API) facilities at its St. Louis manufacturing campus. The new biologics manufacturing facility includes a 25,000-ft2 CGMP purification manufacturing suite for nonanimal-derived protein APIs and a 6000 ft2 facility for purifying animal-derived protein APIs. Validation of the two facilities is expected by mid-2007.
Basking Ridge, NJ (Apr. 17)–VioQuest Pharmaceuticals (www.vioquestpharm.com) agreed to sell its subsidiary, Chiral Quest, Inc. (Monmouth Junction, NJ, www.chiralquest.com), to Chiral Quest Acquisition Corp. (CQAC), a corporation formed by Chiral Quest's management and others. ChiralQuest specializes in asymmetric chemocatalysis and custom synthesis. The sale is valued at $3 million; $1.7 million in cash is expected to be paid to VioQuest Pharmaceuticals upon closing, plus CQAC will assume Chiral Quest's liabilities of as much as $1.3 million. The deal is expected to close in the second quarter of 2007.
People Notes
Kvistgard, Denmark (Apr. 19)-Peter Wulff will step down after 13 yeasr as president and chief excecutive officer of Bavarian Nordic (www.bavarian-nordic.com). Wulff will be replaced by Anders Hedegarrd, who will assume his position on or before November 1. Hedegaard previously held executive positions with Aga, Foss, and Novo Nordisk.
New York, NY (Apr. 26)-Bristol-Myers Squibb Co. (www.bms.com) appointed James M. Cornelius chief executive officer for a term through the date of the company's annual meeting of stockholders in 2009. Cornelius has been acting as interim chief executive officer for the past eight months. He joined the board of Bristol-Myers Squibb in 2005 and previously served as chairman and chief executive officer of Guidant Corporation, chief financial officer of Eli Lilly, and president and chief executive officer of IVAC Corporation.
San Francisco, CA (Apr. 23)-DiObex, Inc. (www.diobex.com) named David Cory, RPh, chief executive officer and a member of the board of directors. Cory was president and chief operation officer of Prestwick Pharmaceuticals, and he also held positions with CoTherix and InterMune, Inc.
Phoenix, AZ (Apr. 24)-David Coffin-Beach, PhD, was named presiedent and chief operating officer of Synovics Pharmaceuticals, Inc. (www.synovics.com). Coffin-Beach was a consultant with VCG & A, INc. and also worked for Schering-Plough, Goldline Laboratories, and DuPont Pharmaceuticals.