Syneos up for sale — report; Takeda's Ninlaro fails PhIII in multiple myeloma; EMA braces for drug shortage
→ Amid industry-wide consolidation, the CRO Syneos is considering putting itself up for sale, Reuters reports, and has hired Centerview Partners to solicit offers. The company was itself formed by a merger between INC Research and inVentiv Health. It focuses on helping biotechs and pharmaceutical companies complete late-stage trials.
→ Just a day after Bristol Myers Squibb conceded failure in a trial combining its Empliciti with Celgene’s long-running blockbuster Revlimid and a steroid for frontline multiple myeloma, Takeda said it didn’t have any luck with Ninlaro, either. Focusing on transplant ineligible patients, investigators found that adding Ninlaro to Revlimid and dexamethasone improved progression-free survival by around 13.5 months but the result was not statistically significant.
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