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All the top Biotech & Pharma news in one daily newsletter.

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The Good News

THE GOOD
Approvals & Labels

Priovant Therapeutics' Lisraya (brepocitinib) wins first FDA approval as targeted TYK2/JAK1 inhibitor tablet for dermatomyositis
Small molecule, autoimmune, TYK2/JAK1 inhibitor, dermatomyositis, first-in-class - Read more

FDA approves Eli Lilly's Mounjaro (tirzepatide) GLP-1/GIP agonist for cardiovascular risk reduction in type 2 diabetes
Small molecule, cardiovascular, metabolic, GLP-1/GIP agonist, type 2 diabetes, tirzepatide - Read more

FDA approves Gilead Sciences' Bixlenvo (bictegravir/lenacapavir), integrase/capsid inhibitor pill for virologically suppressed human immunodeficiency virus patients
Small molecule, infectious disease, HIV, integrase inhibitor, capsid inhibitor, antiretroviral therapy - Read more

J&J's Icotyde wins China approval for moderate-to-severe plaque psoriasis treatment
Small molecule, autoimmune, oral therapy, psoriasis, TYK2 inhibitor - Read more

HUTCHMED's ATLED (fanregratinib) wins NMPA approval for FGFR2-fusion intrahepatic cholangiocarcinoma following Ph2 success
Small molecule, cancer, FGFR inhibitor, cholangiocarcinoma, FGFR2 fusion - Read more

THE GOOD
Business Development & Partnerships

Genentech, DualityBio partner on ADC-resistant cancer treatments, $45M upfront, $1B+ milestones
Licensing deal, oncology, antibody-drug conjugate, drug discovery, milestone payments - Read more

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Speakers confirmed include:

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Dr. Erik Wiklund (CEO of Circio)
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More Good News

THE GOOD
Clinical Trials

Cytokinetics' Myqorzo (aficamten) shows Ph3 landmark benefits in non-obstructive hypertrophic cardiomyopathy, spurring FDA approval bid
Small molecule, cardiovascular, cardiac myosin inhibitor, hypertrophic cardiomyopathy, aficamten - Read more

Generate Bio's GB-0895 (anti-TSLP antibody) shows Ph1 biomarker reductions in chronic obstructive pulmonary disease
Antibody, respiratory disease, monoclonal antibody, COPD, asthma, TSLP target - Read more

Roche's Vabysmo (faricimab) shows sustained Ph3b/4 two-year efficacy in polypoidal choroidal vasculopathy, a neovascular age-related macular degeneration subtype
Antibody, ophthalmology, monoclonal antibody, age-related macular degeneration, Ang-2/VEGF-A inhibition, faricimab - Read more

THE GOOD
Fundraises

Moderna plans $2B convertible notes offering, funding oncology business and debt repayment
Oncology, mRNA, cancer vaccine, clinical-stage, personalized medicine - Read more

AusperBio closes $120M Series C to advance chronic hepatitis B oligonucleotide therapeutics
Infectious disease, oligonucleotide, hepatitis B, clinical-stage, siRNA - Read more

THE GOOD
Investments

Bristol Myers Squibb invests $173M to build second radiopharmaceutical manufacturing plant in Indiana
Radiopharmaceutical, oncology, major transaction, operational - Read more

THE GOOD
Market Reports

Revolution Medicines' Rasonque pancreatic cancer drug poised for blockbuster status at $477K annually
Small molecule, oncology, revenue impact, competitive - Read more

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The Bad News

THE BAD
Business Development & Partnerships

BioXcel Therapeutics files bankruptcy, Teva Pharmaceuticals named stalking horse bidder for $57.5M upfront, $67.5M milestones
Acquisition, neurological, small molecule, milestone payments, bankruptcy - Read more

THE BAD
Earnings & Finances

Deutsche Bank downgrades Novo Nordisk to sell, citing growth concerns and Ziltivekimab trial failure
Small molecule, obesity, competitive, financial - Read more

THE BAD
Lawsuits

PhRMA's Medicare drug price negotiation lawsuit rejected by Fifth Circuit appeals court
PhRMA, drug pricing, regulatory, competitive - Read more

You’re all caught up on the latest Pharma & Biotech News!

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