Centrexion delays IPO; Exelixis makes $40M as Cabometyx wins EU nod
→ The non-opioid painkiller developer Centrexion, which is led by former Pfizer $PFE chief Jeffrey Kindler, has reportedly postponed its IPO. The Boston-based company, whose pipeline of chili-based analgesics is being tested for a host of pain indications in humans and animals, had filed to raise $75 million by offering 5 million shares at a price range of $14 to $16.
→ Exelixis $EXEL is set to gain $40 million from partner Ipsen after their cancer drug Cabometyx secured European approval as a second-line treatment for hepatocellular carcinoma (HCC) on Thursday. The drug is already approved by the FDA for renal cell carcinoma, and the US agency is expected to make a decision on its approvability as a HCC treatment by January 2019.
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