Pharmacopeia's deal with Schering-Plough is one of the very few rich alliances in a technology area in which only Affymax has proven that it can attract significant big-company funding. Selectide's acquisition by Marion Merrell Dow raises questions about how much this technology can be partnered: many potentialpartners believe they can develop the technology on their own, or if they can't, want to use the start-up's libraries against all of their targets--a virtual acquisition. Real acquisition might be the best option.
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Biogen has warned that uptake for its newly approved Alzheimer’s therapy will be slow in the beginning and doctors confirm it will take time to figure which patients can and should be treated.
Public Company Edition: The pace of US initial public offerings slowed a bit in April and May but could ramp back up in June as biopharma investor sentiment rebounds. Also, drug developers continue to go public via SPAC mergers, most recently Valo Health with a $2.8bn post-deal valuation.