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In a blog post , Brisco said that the firm decided to become a private firm again, because it would be a "good deal" for shareholders, and also said it could become "even more focused" on long-term growth. Internet Brands had gone public just three years ago.
And in other Amgen news, the ThousandOaks, CA, company filed for FDA approval of osteoporosis drug romosuzumab. Meanwhile Amgen and Allergan posted positive results from a Phase 3 trial of their own biosimilar, a copycat version of the breast cancer drug trastuzumab (Herceptin).
Adicet raised $51 million earlier this year… Amgen (NASDAQ: AMGN ) of ThousandOaks, CA, is paying $40 million immediately for rights to ADXS-NEO , a preclinical cancer treatment from Princeton, NJ-based Advaxis (NASDAQ: ADXS ). Regeneron is paying $25 million upfront.
—On the positive side, ThousandOaks, CA-based Amgen (NASDAQ: AMGN ) released an overview of Phase 2 data that showed its migraine prevention drug, erenumab, is keeping pace with rival drugs in a heated race to market.
—Amgen (NASDAQ: AMGN ), of ThousandOaks, CA, and partner Novartis released positive results from the first Phase 3 trial of erenumab , one of a group of drugs being developed to prevent migraines , not just lessen their impact when they happen.
—Amgen (NASDAQ: AMGN ) of ThousandOaks, CA, said that the FDA rejected its drug etelcalcetide (Parasbiv) , a treatment for patients with an excess of damaging hormone release because of chronic kidney disease.
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