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The Latest Biotech & Pharma Updates
Biotech & Pharma Updates | October 10 - 13, 2024
Pfizer caps off rough week with hemophilia approval, Sanofi finds willing suitor for consumer health division, Teva settles kickbacks accusations for $450M, Eli Lilly spends $200M on Suzhou site expansion, Pharma ads are maybe helpful, FDA grants temporary compounding clearance for Mounjaro & Zepbound API, Turnstone drops 60% of their staff, Gilead MASHes eject button in Yuhan liver disease collab, FDA officially declares IV solution shortage

Biotech & Pharma Updates | October 9 - 10, 2024
Roche’s Itovebi nabs breast cancer approval from FDA, Pfizer’s small molecule prostrate cancer combo posts positive Ph3 data, Novartis antirust investigation by Swiss authorities dropped, Cytovale’s $100M Series D for rapid sepsis risk testing, Nona Biosciences & OverT Bio collab on cell therapies for solid tumors, Gritstone bio declares bankruptcy, CDMOs hearing client concerns over China raw material origins, bluebird bio’s Skysona causes blood cancer in 7 pediatric patients

Biotech & Pharma Updates | October 6 - 9, 2024
Astellas goes deeper into gene therapy with AviadoBio deal, Intellia begins Ph3 CRISPR trial for angioedema, Scholar Rock surprise Ph3 win in SMA, duo of RNA biotechs launch with $100M+ in funding each (Judo Bio, City Therapeutics), Basecamp research nabs $60M raise, trio of biotech IPOs (CAMP4 Therapeutics, Upstream Bio, CeriBell), Orchard Therapeutics teams up with Er-Kim to broaden Libmeldy access, Sage’s Alzheimer’s hopes dashed in Ph2, Pfizer shutters last trial from ReViral acquisition, compounding pharmacies sue FDA over ending Mounjaro & Zepbound shortage designations

Biotech & Pharma Updates | October 3 - 6, 2024
Sanofi makes $875M sale of rare disease asset to Recordati, Editas diverts Cas9 licensing fees to DRI Healthcare for $57M upfront, Ultragenyx ups dosage as Wilson disease gene therapy shows promise, Alnylam drops COVID-19 delivery tech lawsuit against Moderna, BeiGene launches Tevimbra with a 10% discount compared to Merck & Co.’s Keytruda, Texas sues big pharmas and PBMs over insulin price “conspiracy”, J&J continues infectious disease retreat with Dengue fever program cut, EMA investigates connection between hair loss, enlarged prostrate meds & “suicidal ideation” risks

Biotech & Pharma Updates | October 2 - 3, 2024
Wuxi Biologics & WuXi AppTec consider selling some non-China asset, BMS’ Opdivo nabs expanded label, Grifols subsidiary nabs up to $135.2M BARDA biothreat contract, Kurma Partners closes new $155M biotech fund, Legend Biotech unveils plans for new cell therapy R&D Facility, Caliway Biopharmaceuticals rakes in $206M in Taiwan IPO, Flagship signs extensive collaboration with Singapore’s A*STAR, Eli Lilly’s Zepbound & Mounjaro no longer facing US shortages, no reopen date yet for Baxter facility hit by hurricane Helene

Biotech & Pharma Updates | October 1 - 2, 2024
J&J, Eli Lilly both earmark billions for new manufacturing sites, J&J shoots ahead of Pfizer, Astellas’ Xtandi in prostrate cancer head-to-head, Frazier Life Sciences $630M biotech fund, Triveni Bio’s $115M Series B, Lundbeck and Charles River Laboratories AI partnership, Gilead increases HIV antiretroviral access to low- and middle-income countries, AbbVie and AstraZeneca take a big Louisiana L in 340B legal kerfuffle, Verrica Pharmaceuticals plans sales and support staff reduction, AI arms race may increase divide between big pharma and upstart biotechs

Biotech & Pharma Updates | September 30 - October 1, 2024
Kailera launches with $400M and big obesity dreams, Biohaven’s $250M public offering, SK pharmteco drops $260M for new manufacturing site, Zephyrm Bioscience files for Hong Kong stock exchange IPO, BioMarin signs RNA R&D deal with CAMP4, FDA and FTC both urged by US senators to do more (in different ways), J&J, Bayer, Pfizer all post new layoffs (totally 500 jobs), Gritstone bio considers the dreaded “strategic alternatives” as cash pile dwindles, Amgen casually forgets to mention $10.7B in back taxes to investors; class-action suit ensues

Biotech & Pharma Updates | September 29 - 30, 2024
Roche pays $850M upfront for Regor Pharma’s breast cancer assets, Eli Lilly’s thyroid cancer med lands full FDA approval, J&J scores two Ph3 wins in multiple myeloma, DCVC Bio closes oversubscribed $400M fund, BMS & Celgene shareholder suit dismissed by NY federal judge, Prime slashes pipeline and signs up to $3.5B drug development pact with BMS, J&J pauses 340B rebate program roll-out after increased HRSA pressure, Ensoma closes Copenhagen site, Otsuka and Moderna both commit serious marketing faux pas according to UK’s pharma marketing watchdog

Biotech & Pharma Updates | September 26 - 29, 2024
Regeneron, Sanofi’s Dupixent gets FDA ok for label expansion, Bavarian Nordic lands another mpox vaccine contract, BlueRock, Bayer showcase 24 month safety data for Parkinson’s disease cell therapy, Cassava’s $40M SEC settlement, Travere halts Ph3 due to drug substance issue, J&J gets final warning letter from HRSA to halt 340B rebate program

Biotech & Pharma Updates | September 25 - 26, 2024
BMS’s historic schizophrenia FDA approval, ARCH Venture Partners $3B 13th fund, Genentech touts positive Ph3 Gazyva lupus data, CSL Seqirus nabs another BARDA bird flu contract, Mirai Bio launches as Flagship’s newest endeavour, Novo Nordisk & Evotec partner to develop off-the-shelf stem-cell derived cell therapies, Inventiva’s coffers are weeks from running dry, Biogen and Sage discontinue essential tremor partnership, FDA adcomm advises narrower PD-1 inhibitor approvals, top NIH neuroscientist conducted alleged widespread Parkinson’s & Alzheimer's research misconduct

Biotech & Pharma Updates | September 24 - 25, 2024
Emergent raking in $400M in mpox, smallpox vaccine orders, Vertex’s Casgevy approved in Canada, Amgen notches mixed wins in atopic dermatitis and myasthenia graves, Genespire’s $52M Series B, Eurofins to build new $64M biologics site, AskBio’s gene therapy collab with Belief BioMed, semaglutide continues wonder-drug tirade with studies pointing to treating a chronic skin condition and opioid use disorder, 2seventy bio & BMS shutter Abecma myeloma trial, J&J allegedly slashing cardiovascular and metabolic disease divisions, Pfizer’s global recall of Oxbryta sickle cell med due to patient deaths

Biotech & Pharma Updates | September 23 - 24, 2024
Novartis’ $1B+ biobucks deal with Generate:Biomedicines, Capricor stock explodes on cell therapy BLA filing intention, Biogen & UCB's two decade lupus struggle seemingly vindicated with a Ph3 win, Constructive Bio’s $58M Series A for cellular bio factories, cell therapy CDMO Minaris to be acquired by investment firm Altaris, Lonza signs on to manufacture Vertex’s Casgevy CRISPR-based therapy, bluebird and AGC both announces layoffs, Baltimore sues Biogen over alleged PBM “bribes” to stifle MS generic competition
