- TLDR Biotech
- Posts
- Biotech & Pharma Updates | August 18 - 19, 2024
Biotech & Pharma Updates | August 18 - 19, 2024
Walgreens and BARDA decentralized clinical trial partnership, BioNTech & MediLink ADC partial clinical hold lifted, MindBio reports positive LSD microdosing Ph2a data in depression, Avidity's $345M fundraise, TYK Medicines planned $74M HKEX IPO, Eli Lilly concludes Morphic takeover, Liquidia's tentative FDA approval collapses stock, and FDA med device recalls aren't really recalls
All the top Biotech & Pharma news in one daily newsletter.
What to understand how these updates are formatted? Check-out the FAQ.
Have any feedback? I’d love to hear you from - connect with me on LinkedIn. 📣
Looking to reach an audience of 700+ biotech and pharma professionals? Let’s chat. 👍
⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Bristol Myers Squibb’s Breyanzi lymphoma application validated by EMA, scientific review process to begin
CAR-T cell therapy, lymphoma, cancer - Read more
THE GOOD
Business Development
SciSparc out-licences global rights of pain therapy SCI-160 to Polyrizon
Small molecule, pain relief - Read more
THE GOOD
Clinical Trials
Walgreens and BARDA sign 5-year, $100M pact to increase access and diversity in decentralized clinical trials
Decentralized clinical trials, clinical trial design - Read more
CANbridge touts positive topline Ph3 data for CAN103 in Gaucher disease
Recombinant protein, Gaucher disease - Read more
BioNTech, MediLink Therapeutics’ Ph1 partial clinical hold for ADC BNT326/YL202 lifted by FDA
Antibody-drug conjugate, lung cancer, breast cancer - Read more
MindBio reports positive Ph2a data involving LSD microdosing regimen for major depressive disorder
Small molecule, psychedelic, major depressive disorder (MDD) - Read more
THE GOOD
Fundraises
Avidity Biosciences secures whopping $345.1M fundraise
Antibody-oligonucleotide conjugate, duchenne muscular dystrophy (DMD) - Read more
Janus Henderson’s $150M Biotech Innovation Fund II aims to invest in “small-cap public biotechs” according to Endpoints News Source [Paywall]
Biotech investing, venture capital - Read more
Phathom Pharmaceuticals $130M common stock offering
Small molecule, heartburn, gastroesophageal reflux disease (GERD) - Read more
THE GOOD
Investments
Accenture Ventures invests in Earli
Synthetic biopsy, cancer detection - Read more
THE GOOD
IPOs
TYK Medicines plans $74M IPO on the Hong Kong Stock Exchange; proceeds to support core asset TY-9591 clinical trials
Small molecule, lung cancer - Read more
PRESENTED BY THE UBC SCHOOL OF BIOMEDICAL ENGINEERING
Unlock the Future of Healthcare Innovation
Join us online on Wednesday, September 25th, at 5:30 PM Pacific for an information session about UBC's new Micro-certificate in Innovation Leadership: Medical & Bio-Innovations.
Discover how this transformative program equips you with essential legal, strategic, and practical skills to bridge the gap between scientific breakthroughs and market success.
What to Expect:
Learn about the unique opportunities this program offers to advance your career.
Understand how to make a meaningful impact on healthcare.
Participate in a live Q&A session.
Don’t miss this opportunity—register now to secure your spot!🔗
⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Mergers & Acquisitions
Eli Lilly’s concludes $3.2B takeover of Morphic
Small molecule, inflammatory bowel disease (IBD) - Read more
Visiox Pharmaceuticals settles for acquisition by Ocuvex Therapeutics, 8 months after failed SPAC attempt
Small molecule, glaucoma, ocular hypertension - Read more
Genedata acquired by Danaher
Data analysis, research & development - Read more
THE GOOD
Partnerships
Sonnet BioTherapeutics enters into clinical trial collab with Sarcoma Oncology Center for SON-1210
Fusion protein, pancreatic cancer - Read more
Pirche, TCBalance Biopharmaceuticals Treg cell therapy R&D collaboration
Cell therapy, regulatory T cells, autoimmune - Read more
THE GOOD
Public Health
Bavarian Nordic slated to provide 10M Jynneos doses to Africa to combat current mpox outbreak
Vaccine, monkey pox (mpox) - Read more
THE GOOD
Strategic Plans
Eli Lilly’s external collab/innovation arm Lilly Catalyze360 has wide-reaching plans
External innovation, collaboration - Read more
ENJOYING THESE NEWSLETTERS?
Support TLDR Biotech🧬🦠🔬
I’m offering this newsletter for free so it can get out to as many people as possible.
If you’re getting value out of these daily compilations, please consider a paid subscription (only $5/month) to support my continued work on this project.*
*Best of all, it’s a work-related news source that you can likely expense. 😉
⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
Liquidia’s tentative FDA approval for Yutrepia (US market access delayed until United Therapeutics’ exclusivity ends in May 2025) is less than INSPIRE-ng for investors, stock sinks 40%
Small molecule, pulmonary arterial hypertension (PAH), PH associated with with interstitial lung disease - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Pfizer takes Ajanta Pharma to court over alleged patent infringement with generic versions of Xeljanz XR
Small molecule, autoimmune, rheumatoid arthritis, ulcerative colitis, generic - Read more [Paywall]
THE UGLY
Withdrawals & Recalls
When are FDA med device recalls not actually recalls? More often than you think
Medical device - Read more
You’re all caught up on the latest Pharma & Biotech News!
Happy(?) World Mosquito Day! | Gif: ifhtfilms on Giphy
TLDR Biotech wants to hear from you! 📣
Have comments/questions/complaints about this newsletter?
Send me an email - I want your brutally honest feedback. 📝
Last thing - if you find the content useful and think a colleague would too, please share TLDR Biotech with them! ♻️
Disclaimer: Content, news, research, tools, and mention of stock or tradeable securities are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here.