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Bio Roundup: Theranos Cuts, Alnylam Stops, Nobel Eats Its Own & More

Xconomy

. —Alnylam Pharmaceuticals (NASDAQ: ALNY ) of Cambridge, MA, said that it would shelve its drug revusiran after 18 patients died in a Phase 3 study to treat the rare disease transthyretin amyloidosis. —The 2016 Nobel Prize for Physiology or Medicine went to Yoshinori Ohsumi of the Tokyo Institute of Technology.

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Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

After last week’s revelation of three patient deaths in its leading cancer immunotherapy trial, the FDA suspended the study. All eyes are on Holmes, who is scheduled to present data from the company’s technology at a medical conference on August 1. Sarepta’s drug is currently under an FDA review.

News 40
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Biotech Roundup: Kadmon Debt, Hemo Data, Loose Lips & More

Xconomy

Despite technical differences and the early nature of the data that made comparison difficult, Wall Street declared Spark this week’s winner. . —More updates from the hematology meeting: Philadelphia-based Spark Therapeutics (NASDAQ: ONCE ) and Dutch firm UniQure (NASDAQ: QURE ) both updated their hemophilia B gene therapy programs.

News 55
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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

You need to: study the rules, make sure that you don’t violate the “affiliate rule” (more later), consult with your Company Counsel, consult with your board and investors and then make your own determination. If you do massive layoffs (RIFs) you can assume that you will need to repay your loan since the intent of the loan is to protect jobs.