Business

Verona Pharma announced that it has raised approximately $200 million in a private placement, with net proceeds of ~$183 million to be used for Phase 3 development of nebulized ensifentrine for the treatment of COPD. The company said that the Phase 3 ENHANCE (Ensifentrine as a Novel inHAled Nebulized COPD thErapy) program is expected to begin later this year. In … [Read more...] about Verona Pharma raises approximately $200 million for Phase 3 development of nebulized ensifentrine

The United States Patent and Trademark Office has issued US Patent No. 10682414, titled, "Intranasal epinephrine formulations and methods for the treatment of disease," to ARS Pharmaceuticals, the company said. The patent covers the use of low dose (0.1 to 2.4 mg) intranasal epinephrine for for the treatment of anaphylaxis. The patent covers any low-dose … [Read more...] about ARS Pharmaceuticals gets second US patent for its epinephrine nasal spray

Teva has announced the US launch of the ProAir Digihaler albuterol DPI for the treatment of bronchospasm. The list price for the inhaler will be $146.67. ProAir Digihaler, which includes built-in sensors connected to a mobile app via Bluetooth, was approved by the FDA in December 2018. The company said that it also has plans to launch the AirDuo Digihaler … [Read more...] about Teva launches ProAir Digihaler in the US

Inhalation solutions and suspensions manufacturer Nephron Pharmaceuticals has announced plans for a $215 million expansion at its South Carolina, USA facilities, including office, warehouse and vaccine production space. In addition to manufacturing its own products, Nephron also offers contract manufacturing services for sterile pharmaceutical products. The expansion … [Read more...] about Nephron Pharmaceuticals announces expansion plans

Optinose announced that it has signed an agreement with Kaleo for co-promotion of Optinose's Xhance fluticasone propionate nasal spray for the treatment of nasal polyps. Xhance was approved by the FDA for that indication in September 2017. The agreement calls for Kaleo to promote the nasal spray to a group of almost 6,000 healthcare providers in the US.   Optinose … [Read more...] about Optinose partners with Kaleo for promotion of Xhance intranasal fluticasone

Altimmune said that it has signed an agreement with DynPort Vaccine Company regarding Altimmune's AdCovid intranasal vaccine candidate for COVID-19. The company announced in March 2020 that it had partnered with the University of Alabama Birmingham to develop AdCOVID. According to Altimmune, "The partnership with DVC significantly expands Altimmune’s capabilities … [Read more...] about Altimmune partners with DynPort Vaccine on intranasal COVID-19 vaccine

Chinese OINDP developer CF PharmTech announced that it has completed a $50 million Series F financing round approximately six months after completing a $90 million financing round. Investors participating in the latest financing include BioTrack Capital, CICC Qichen, CICC Qide, SAIC Hengxu, GP M&A Fund, and Watson Investment, as well as existing investors Passion … [Read more...] about CF PharmTech raises additional $50 million