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Friday, August 28, 2015

Company News: Aleva Neurotherapeutics Appoints Dr. Philippe Dro to its Board of Directors

- Seasoned entrepreneur brings 20 years of Life Science industry experience -

Aleva Neurotherapeutics, a leading company developing next-generation implants for Deep Brain Stimulation (DBS) in major neurological indications such as Parkinson´s disease, today announced the appointment of Dr. Philippe Dro to its Board of Directors.

Dr. Dro brings 20 years of entrepreneurial experience in the life science industry, including a pivotal role in executing strategic transactions at several biotech and medtech companies. Until recently, he was Chief Executive Officer and a Member of the Supervisory Board of GlycoVaxyn AG, a vaccine company that was acquired by GSK earlier this year. Prior to this, he served as Chief Executive Officer and Chairman of the Board of Endoart S.A., a medtech company developing telemetry-driven implants for cardiac disease and obesity that was sold to Allergan, Inc. From 1999 to 2003, he was Chief Financial Officer and Head of Business Development at drug discovery company Axovan AG, which was acquired by Actelion in November 2003. Prior to that, he held various position at Novartis, Skyepharma, and Antares Pharma.

Monday, August 10, 2015

Company News: Merus Prevails in Inequitable Conduct Case Against Regeneron

- Court ruling further strengthens Merus’ freedom to operate in using transgenic mice for therapeutic human antibodies

Merus, a leader in developing best-in-class bispecific antibody therapeutics to treat cancer patients, today announced that it won its inequitable conduct trial against Regeneron. In a decision issued on Thursday, August 6, Judge Katherine B. Forrest of the U.S. District Court for the Southern District of New York indicated that Regeneron engaged in inequitable conduct in connection with obtaining U.S. Patent No. 8,502,018. This marks the third counterclaim upon which Merus has prevailed in this litigation, initiated by Regeneron. In December 2014, Regeneron conceded that Merus does not infringe any claim of the ‘018 patent, and that the patent is invalid in view of the Court’s prior decision on claim construction. Given the Court’s ruling on August 6, Regeneron’s patent has now been adjudged to be not infringed, invalid and unenforceable for being procured by inequitable conduct.