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Grafa
Health

MediBeacon gets FDA approval for next-gen kidney function monitoring system

INNOVATE Corp. (NYSE:VATE) said MediBeacon, in which it holds a 44.7% equity stake, has received U.S. Food and Drug Administration approval for its next-generation MediBeacon TGFR System, introducing a reusable sensor intended to broaden access to point-of-care kidney function assessment.

Read more: MediBeacon gets FDA approval for next-gen kidney function monitoring system
Grafa

Cardone Ventures makes unsolicited $89M proposal to acquire PetMed Express

Cardone Ventures, the investment firm led by billionaire Grant Cardone and business partners Brandon and Natalie Dawson, has made an unsolicited, non-binding proposal to acquire PetMed Express (NASDAQ:PETS) for $4.25 per share in cash, implying an equity value of around $89 million.

Read more: Cardone Ventures makes unsolicited $89M proposal to acquire PetMed Express
Grafa
Health

Monte Rosa’s MRT-2359 combination shows striking activity in AR-mutant mCRPC subgroup

Monte Rosa Therapeutics (NASDAQ:GLUE) reported encouraging early clinical results for its molecular glue degrader MRT-2359 in combination with enzalutamide, showing pronounced activity in a genetically defined subset of heavily pretreated metastatic castration-resistant prostate cancer (mCRPC).

Read more: Monte Rosa’s MRT-2359 combination shows striking activity in AR-mutant mCRPC subgroup
Grafa
Technology

Corteva and Hexagon Bio form JV to fast-track nature-derived crop protection

Corteva (NYSE:CTVA), the agricultural technology giant, and Hexagon Bio, a biotechnology company focused on nature-derived therapeutics, announced a multi-million-dollar joint venture aimed at accelerating the discovery of new crop protection solutions.

Read more: Corteva and Hexagon Bio form JV to fast-track nature-derived crop protection
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Health

Cosette Pharma wins FDA approval for first generic CIPRO HC with 180-day exclusivity

Cosette Pharmaceuticals said the U.S. Food and Drug Administration has approved its abbreviated new drug application for the first generic version of CIPRO HC, granting the company 180 days of Competitive Generic Therapy exclusivity and ending a more than 27-year stretch without a generic alternative.

Read more: Cosette Pharma wins FDA approval for first generic CIPRO HC with 180-day exclusivity
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Health

Palvella wins FDA fast track status for QTORIN rapamycin gel in angiokeratomas

Palvella Therapeutics (NASDAQ:PVLA) said the U.S. Food and Drug Administration has granted Fast Track Designation to QTORIN 3.9% rapamycin anhydrous gel for treating angiokeratomas, a dermatologic condition with no currently approved therapies.

Read more: Palvella wins FDA fast track status for QTORIN rapamycin gel in angiokeratomas
Grafa
Health

Nektar’s alopecia drug shows hair-regrowth benefit but misses primary endpoint in Phase 2b trial

Nektar Therapeutics (NASDAQ:NKTR) reported mixed Phase 2b results for rezpegaldesleukin in severe-to-very-severe alopecia areata, showing meaningful clinical activity but narrowly missing the trial’s primary endpoint in the modified intent-to-treat population.

Read more: Nektar’s alopecia drug shows hair-regrowth benefit but misses primary endpoint in Phase 2b trial