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- Biotech & Pharma Updates | August 1 - 4, 2024
Biotech & Pharma Updates | August 1 - 4, 2024
Vir in-licences three Sanofi T-cell engager clinical assets, Paragon Therapeutic's fourth opco launches with $80M, Vertex boosts 2024 outlook on Casgevy sales (and also cuts two rare disease Ph1 assets), Eli Lilly's Zepbound, Mounjaro no longer on US shortage list, Ribon Therapeutics shutters


Vertex Pharmaceuticals axes two rare genetic disease meds after disappointing Ph1 biomarker analyses. | Gif: gameofthrones on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Johnson & Johnson’s medtech division DePuy Synthes lands FDA clearance for spinal surgery robot
Medtech, spinal surgery, robotic surgery - Read more
Supernus Pharmaceuticals resubmits FDA NDA for apomorphine infusion device
Small molecule, medical device, infusion device, Parkinson’s disease - Read more
THE GOOD
Business Development
Vir Biotechnology’s worldwide license agreement with Sanofi for three clinical stage T-cell engager assets
T-cell engager, solid tumor, cancer - Read more
THE GOOD
Company Launches
Jade Biosciences launches with $80M, fourth Paragon Therapeutics venture
Inflammatory disease, immunological disease, autoimmune - Read more
THE GOOD
Earnings & Finances
Biogen, Eisai’s Leqembi climb higher in Japan
Monoclonal antibody, Alzheimer’s disease - Read more [Paywall]
Vertex Pharmaceuticals boosts 2024 revenue outlook on increasing Casgevy sales
Gene therapy, beta thalassemia - Read more
THE GOOD
Fundraises
Amlogenyx (Ultragenyx Pharmaceutical subsidiary) $14M Seed raise
Gene therapy, Alzheimer’s disease - Read more
Mindera Health $14M convertible note financing
Skin analytics, dermatology, biomarker, medical device - Read more
Protembis €20M ($22M) venture financing
Medical device, heart surgery, cerebral embolic protection - Read more
THE GOOD
Mergers & Acquisitions
WinHealth Pharma acquires Chinese operations of Kyowa Kirin for CNY 750M ($105M)
Monoclonal antibody, hypophosphataemia, tumour-induced osteomalacia, lymphoma, cancer - Read more
THE GOOD
Partnerships
BridGene Biosciences expands strategic collab with Galapagos, total deal up to $159M
Small molecule, drug development - Read more
THE GOOD
Patient Access
Eli Lilly’s Zepbound, Mounjaro no longer on US drug shortage list
GLP-1, obesity, diabetes, weight loss - Read more
THE GOOD
Research
Potential flesh-eating bacteria antibiotic reduces infection and speeds up healing in mine
Small molecule, necrotizing fasciitis - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Vertex Pharmaceuticals axes two rare genetic disease meds after disappointing Ph1 biomarker analyses
Small molecule, alpha-1 antitrypsin deficiency (AATD) - Read more
THE BAD
Company Shutdown
Ribon Therapeutics shuts doors
Small molecule, cancer, inflammation, autoimmune - Read more [Paywall]
THE BAD
Earnings & Finances
23andMe board rejects CEO’s take-private offer
Genetic testing - Read more [Paywall]
THE BAD
Politics & Policy
Massachusetts state’s $1 billion life sciences investment package fails to make it through most recent legislative session
Life science investment, incentives - Read more [Paywall]
⬇️ The Ugly News ⬇️
THE UGLY
Clinical Trials
Galapagos halts Ph1/2 CAR-T trial over a case of Parkinsonism
CAR-T cell therapy, myeloma, cancer, Parkinson’s-like movement disorder - Read more
You’re all caught up on the latest Pharma & Biotech News!

It’s a long weekend up here in Canada! | Gif: SWAG on Giphy
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