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- Biotech & Pharma Updates | August 14 - 15, 2024
Biotech & Pharma Updates | August 14 - 15, 2024
Medicare reveals first drug price negotiations, Bavarian Nordic stock nearly doubles on mpox global health emergency concerns, Zealand Pharma searches for commercial partner for their obesity med, Abata (Treg) lands strategic investment from BMS, Bayer's restructuring (allegedly) ain't slowing down BD efforts, SIGA Tpoxx antiviral misses primary endpoint, the L's keep stacking for Lykos as they cut 75% of their staff
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Theramex’s menopause-induced osteoporosis peptide lands UK’s NICE recommendation (Eladynos)
Synthetic peptide, osteoporosis, menopause - Read more
THE GOOD
Business Development
Pathos AI buys worldwide license to Prelude Therapeutics PRMT5 inhibitor (PRT811)
Small molecule, solid tumor, glioma, melanoma, cancer - Read more
ArriVent BioPharma opts to license cancer asset as part of 2.5 years old $100M partnership with Aarvik Therapeutics
Antibody-drug conjugate, oncology, cancer - Read more
THE GOOD
Clinical Trials
DermBiont showcases initial positive Ph2a carcinoma trial data (SM-020)
Small molecule, topical, gorlin syndrome, carcinoma, cancer - Read more
Turnstone Biologics posts promising Ph1 TIL data, though financial concern sink stock
Tumor-infiltrating lymphocyte (TIL), cell therapy, colorectal cancer, head and neck cancer, uveal melanoma - Read more
THE GOOD
Earnings & Finances
A public health emergency is great news for Bavarian Nordic shareholders as stock jumps nearly 50% over the last week
Vaccine, infectious disease outbreak, monkeypox (mpox) - Read more
THE GOOD
Fundraises
Kalm Therapeutics $700k seed raise
Non-steroidal topical, medical device, atopic dermatitis, psoriasis - Read more
HistoSonics turns it up louder with $102M Series D for ultrasound-powered liver cancer treatment
Medical device, ultrasound, liver cancer - Read more
ViroCell Biologics complete oversubscribed financing round, terms undisclosed
CDMO, cell and gene therapy - Read more
THE GOOD
Investments
Abata Therapeutics nabs strategic investment from Bristol Myers Squibb
Regulatory T cells (Treg), autoimmune, type 1 diabetes, primary progressive multiple sclerosis (PPMS) - Read more
Insulet debuts 400k sqft insulin delivery device manufacturing site in Malaysia
Medical device, insulin delivery, diabetes, manufacturing - Read more
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⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Partnerships
Zealand Pharma’s looking for a commercial partner for their obesity asset (petrelintide)
GLP-1/GLP-2, obesity - Read more
Nanoform collabs with Takeda on plasma-derived therapy development
Plasma-derived therapy, drug delivery, rare disease - Read more
NorthStar Medical Radioisotopes, Convergent Therapeutics strategic collab (CONV01-α)
Monoclonal antibody-radioisotope conjugate, radiopharma, prostate cancer - Read more
Nuntius Therapeutics, Taiho Pharmaceutical mRNA-based therapy cell-specific delivery collab
mRNA, cells-specific drug delivery, cancer, neurodegenerative diseases - Read more
THE GOOD
Politics & Policy
Medicare unveils first round of drug price negotiations enabled by the IRA
Inflation reduction act, drug pricing - Read more
THE GOOD
Research
Scale Biosciences launches “100 Million Cell Challenge”
Single cell projects, RNA sequencing, high-throughput sequencing - Read more
Denali Therapeutics showcases new brain drug delivery tech; animal studies
Engineered antibody, drug delivery, blood-brain barrier - Read more
Blackrock Neurotech’s brain implant (+ AI) returns voice to ALS patient
Medical device, brain implant, brain-computer interface, amyotrophic lateral sclerosis (ALS) - Read more
THE GOOD
Strategic Plans
Bayer’s massive restructuring not slowing down dealmaking according to BD head - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trals
SIGA Technologies Tpoxx antiviral misses primary endpoint, though CEO mentions this was “not entirely unexpected“
Small molecule, smallpox, monkeypox (mpox) - Read more
THE BAD
Lawsuits
Pfizer’s $107.5M Tagrisso patent win against AstraZeneca thrown out by Delaware judge
Small molecule, lung cancer, drug patent - Read more
THE BAD
Layoffs
Lykos Therapeutics can’t catch a break, as they cut 75% of their staff (including it’s Founder)
Small molecule, psychedelic, MDMA, depression - Read more
THE BAD
Research
How good is AI in drug discovery? Not great, according to recent Leash Bio contest
AI, drug discovery - Read more [Read more]
THE BAD
Strategic Plans
Lyra Therapeutics pauses LYR-220 development in an effort to refocus
Small molecule, chronic rhinosinusitis, nasal mesh, drug delivery - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Withdrawals & Recalls
Two separate injectable sodium chloride solution recalls from B. Braun (particulate concerns) and Baxter (endotoxin concerns)
Sodium chloride solution injectable, metabolic alkalosis, anticoagulant - Read more
You’re all caught up on the latest Pharma & Biotech News!
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