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- Biotech & Pharma Updates | August 15 - 18, 2024
Biotech & Pharma Updates | August 15 - 18, 2024
AstraZeneca nabs Imfinzi perioperative lung cancer FDA approval, Novo Nordisk invests $221M in new raw materials site, Audax PE buys Avantor's CRO division while also selling healthcare consultancy to Blackstone, Gavi has $500M for mpox shot access, Pfizer & BioNTech's COVID-19/flu vaccine attempt falls short in Ph3, Genentech shutters separate cancer immunology research department
Pfizer, BioNTech combo COVID-19/flu shot falls short in Ph3. | Gif: cbs on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
AstraZeneca’s Imfinzi nabs FDA approval for lung cancer in perioperative setting
Monoclonal antibody, lung cancer - Read more
Vericel’s NexoBrid lands FDA approval for pediatric burns
Proteolytic enzyme, eschar removal, burns - Read more
Cresilon’s bloodstopping hydrogel applicator lands FDA 510(k) clearance
Hydrogel, medical device, bleeding - Read more
THE GOOD
Clinical Trials
Incyte’s positive Ph3 Monjuvi+combo lymphoma data to spur supplemental BLA push later this year
Monoclonal antibody, combo therapy, lymphoma, cancer - Read more
THE GOOD
Fundraises
Immuron AUD$3.5M ($2.3M) research award from US DoD
Bovine colostrum, endemic military relevant diarrheal pathogen, traveller’s diarrhea - Read more
Neptune Medical $97M raise, launches Jupiter Endovascular
Medical device, catheter-based therapy, blood clot removal - Read more
THE GOOD
Investments
Novo Nordisk to invest DKK1.5B ($221 million) in new Pharmatech division site
Manufacturing, raw materials - Read more
THE GOOD
Lawsuits
GSK nabs another Zantac lawsuit win, this time in Florida
Small molecule, heartburn, cancer - Read more
THE GOOD
Mergers & Acquisitions
From PE to PE firm, as Blackstone agrees to buy healthcare consultancy Chartis Group from Audax Private Equity
Healthcare consulting - Read more
At the same time, Audax Private Equity buys Avantor’s CRO business for $650M
CRO, clinical research services - Read more
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⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Partnerships
EnPlusOne Biosciences, Wyss Institute up to $27M RNA drug development platform collab
RNA, drug development, cancer, infectious disease - Read more
THE GOOD
Public Health
Gavi vaccine group says they have $500M to supply shots to mpox-afflicted low- and middle-income countries
Vaccine, infectious disease, monkeypox (mpox) - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trals
Pfizer, BioNTech combo COVID-19/flu shot misses a primary endpoint in Ph3, doesn’t perform well against influenza A and B
mRNA vaccine, COVID-19, influenza - Read more
THE BAD
Earnings & Finances
AN2 Therapeutics adopts a “poison pill” strategy against potential stock-driven takeover
Small molecule, chagas disease, nontuberculous mycobacteria (NTM), and melioidosis - Read more
THE BAD
Strategic Plans
Genentech (Roche) shutters separate cancer immunology research department, merges with molecular oncology research
Cancer research, drug discovery & development - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Patient Access
Access to Novo Nordisk’s Wegovy for older American’s with heart disease is increasingly difficult (if not impossible); physician survey
GLP-1, obesity, heart disease - Read more
You’re all caught up on the latest Pharma & Biotech News!
Today is World Humanitarian Day. | Gif: UNHCR
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