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The Latest Biotech & Pharma Updates
Biotech & Pharma Updates | February 23 - 24, 2025
Pfizer and Summit Therapeutics partner to test ivonescimab with Pfizer's ADCs in solid tumors, Amgen to invest $200 million in new Indian tech center focused on AI and data science for drug development, Hengrui Medicine's positive Ph3 data for CDK4/6 inhibitor + endocrine therapy in breast cancer, Entrada Therapeutics' exon 44 skipping therapy for Duchenne muscular dystrophy cleared FDA clinical hold, FDA declines to expand Invivyd's Pemgarda COVID-19 emergency use authorization + 25 more stories
Biotech & Pharma Updates | February 20 - 23, 2025
bluebird bio bought by PE for $29M (down from $10B valuation), FDA declares semaglutide shortage is over (good news for Novo Nordisk, bad news for compounders like Hims & Hers), Gilead's PPAR-delta agonist Livdelzi lands European approval for primary biliary cholangitis, Eli Lilly invest $500M+ into supply of yet-to-be-approved oral obesity pill orforglipron, Pfizer discontinues hemophilia B gene therapy Beqvez globally + 26 more stories
Biotech & Pharma Updates | February 19 - 20, 2025
BridgeBio reports strong initial demand for Attruby (outpacing investor expectations), Genmab's bispecific Epkinly nabs MHLW (Japan) approval for relapsed/refractory follicular lymphoma, EG 427's €27M ($28.4M) Series B to develop herpes virus-based gene therapy for bladder control in spinal injury patients, AstraZeneca acquires FibroGen's China operations for $160M, CDC delays first vaccine advisory committee meeting under new administration + 37 more stories
Biotech & Pharma Updates | February 18 - 19, 2025
Recursion-backed Altitude Labs launches pre-seed fund to help address funding gap caused by NIH cuts, CSPC Pharmaceutical out-licenses ROR1-targeting ADC to Radiance Biopharma for up to $1.2B, Cabaletta Bio's CD19-targeting CAR-T shows promise in lupus + dermatomyositis Ph1/2 trial, Merck & Co. & Epitopea partner to discover hidden tumor antigens, CRISPR gene-editing hopeful Spotlight Therapeutics shutters + 29 more stories
Biotech & Pharma Updates | February 17 - 18, 2025
Gilead declines option to license Arcus Biosciences' kidney cancer hopeful casdatifan, Bavarian Nordic's chikungunya vaccine lands FDA approval for those aged 12 and older, BioArctic scores €10M ($10.4M) milestone payment as Eisai's Leqembi hits €200M ($209M) in sales, Solid Biosciences showcases solid Ph1/2 data for SGT-003 gene therapy in DMD, Latigo Biotherapeutics hopes to jump on the non-opioid pain hype train with a planned $150M raise ($50M raised thus far) + 28 more stories
Biotech & Pharma Updates | February 13 - 17, 2025
FDA (and CDC) mass layoffs begin, Allogene Therapeutics’ allogeneic CAR-T delivers “durable response data” in Ph1 trial, Bambusa Therapeutics raises $90M Series A to develop bispecific antibodies for I&I disorders, BMS' Opdualag flops in Ph3 melanoma trial, Kojin Therapeutics cell death ambitions die as biotech ceases operations + 35 more stories
Biotech & Pharma Updates | February 12 - 13, 2025
Vaccine skeptic RFK Jr. sworn in as HHS Secretary, Newleos Therapeutics launches with $94M in funding and four neuropsychiatry drug hopefuls from Roche, Astellas' once-monthly Izervay nabs FDA approval in macular degeneration, Nobel Prize-Winning UW lab develops AI model to create custom enzymes, Aardvark IPO's at lower end of pricing range and shares drop 10% on first trading day + 25 more stories
Biotech & Pharma Updates | February 11 - 12, 2025
Biogen signs $250M royalty agreement to fund litifilimab development and commercialization, Roche's Evrysdi tablets for SMA land FDA approval, AbbVie signs another T-cell engager partnership (this time with Xilio Therapeutics), Astellas shifts investment focus away from "novel" technologies in regenerative medicine, Kaiser Permanente demands stronger adherence to confirmatory trials as part of accelerated approval pathway + 31 more stories
Biotech & Pharma Updates | February 10 - 11, 2025
Novartis to acquire Anthos Therapeutics for up to $3.1B (buying back abelacimab), Pfizer's accidentally releases early their (positive) Ph1 data for mevrometostat + Xtandi in prostate cancer, SpringWorks Therapeutics' Gomekli receives FDA approval for inoperable plexiform neurofibromas in neurofibromatosis type 1 patients, Voyager Therapeutics halts development of ALS gene therapy hopeful due to preclinical off-target effects, FDA hands warning letters to two Chinese API manufacturers over quality control issues + 24 more stories
Biotech & Pharma Updates | February 9 - 10, 2025
US district court judge blocks Trump administration's plan to cap medical research funding after 22 states sue, Bristol Myers Squibb's Breyanzi succeeds in Ph2 trial for relapsed marginal zone lymphoma, Merck KGaA reportedly in advanced talks to acquire SpringWorks Therapeutics, Roivant’s subsidiary Kinevant Sciences discontinues namilumab development after Ph2 trial failure in pulmonary sarcoidosis, Q32 Bio cuts staff and discontinues renal program to focus on alopecia drug development + 24 more stories
Biotech & Pharma Updates | February 6 - 9, 2025
Bain Capital acquires Mitsubishi Tanabe Pharma for $3.3B, CSL Behring's Hemgenix delivers positive four year Ph3 follow-up data, Sionna Therapeutics raises $191M in IPO to fuel cystic fibrosis drugs, Olix Pharmaceuticals & Eli Lilly part on developing MASH hopefuly OLX702A (targeting MARC1 gene), Bioluminescence Ventures abruptly shuts down after 15 months and raising $477M + 33 more stories
Biotech & Pharma Updates | February 5 - 6, 2025
AstraZeneca shares rise after announcing potential (and manageable) $4.5M fine to resolve Chinese probe into actions of former employees, Eli Lilly reports doubled Q4 profits driven by diabetes and obesity drug sales, Immuneering & Regeneron partner to test IMM-1-104 and Libtayo combo in RAS-mutant lung cancer, Viracta Therapeutics shuts down operations, Trump administration reportedly planning major layoffs across multiple HHS-related federal health agencies + 28 more stories