January 18, 2017: New York City and Princeton, NJ-based Ophthotech has announced that it is cutting about 80 percent of its staff in the first six months of this year. As of January 31, 2016, the company employed 116 full-time employees.
January 18, 2017: Eli Lilly and CoLucid today announced an agreement for Lilly to acquire CoLucid for $46.50 per share or approximately $960M. This all-cash transaction will enhance Lilly's existing portfolio in pain management for migraine.
January 18, 2017: Takeda and Ovid today announced the formation of a global collaboration focused on the clinical development and commercialization of Takeda’s investigational new drug TAK-935.
January 18, 2017: Struggling Theranos has made one more leadership change as it attempts to pivot from a clinical labs company to a health-tech development company. This morning, Theranos announced a new eight-member Technology Advisory Board helmed by Channing Robertson.