Synergy outlines upbeat PhIII data; Bluebird and Blueprint raising $375M

Synergy Pharmaceuticals $SGYP is following up on the late-stage success of its lead drug plecanatide for chronic idiopathic constipation with a new batch of upbeat Phase III data centered on irritable bowel syndrome with constipation. The study was conducted among 1,135 patients and the biotech says it will now follow up with a new application in Q1 2017. Synergy is already looking at a PDUFA date of January 29 for its first indication. The company’s shares spiked 6% on the news.

Blueprint Medicines raised $125 million through the sale of stock.

Bluebird Bio $BLUE has had to endure some considerable pain as the hype around its gene therapies gave way to some serious concerns about their limitations. But new upbeat cancer data has helped swell its sails once again, setting up a $250 million raise.

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Sr. Manager, Regulatory Affairs, CMC
CytomX Therapeutics San Francisco, CA
Marketing Associate - Demand Generation
Catalytic Data Science Charleston, SC
Associate Principal, Life Sciences Partnerships
Flatiron Health New York City or San Francisco

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