• TLDR Biotech
  • Posts
  • Biotech & Pharma Updates | August 8 - 11, 2024

Biotech & Pharma Updates | August 8 - 11, 2024

ARS Pharmaceuticals nasal epinephrine spray FDA approved, Merck pays up to $1.3B for bispecific asset, Avidity posts positive Ph1/2 DMD data, Sandoz's Humira biosimilar keeps on making money, Cabaletta reports adverse event in CAR-T lupus trial, 23andMe tries to cash in on GLP-1 hype, and Lykos Therapeutics can't catch a break with 3 of their papers getting redacted

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

Two times the charm for ARS Pharmaceuticals, landing FDA approval for epinephrine nasal spary
Small molecule, epinephrine, anaphylaxis - Read more

Alfasigma lands September FDA adcomm
Small molecule, primary biliary cholangitis (PBC), autoimmune, liver disease - Read more [Paywall]

THE GOOD
Business Development

Merck & Co. pays up to $1.3B for bispecific antibody asset from Curon Biopharmaceutical
Bispecific antibody, lymphoma, leukaemia, cancer - Read more

Gilead thinks they’re sitting on something big, buys out Johnson & Johnson royalty rights to PBC med for $320M
Small molecule, primary biliary cholangitis (PBC), autoimmune, liver disease - Read more

Humanetics lands $3M from US Department of Defense (DOD) 
Small molecule, radiation countermeasure - Read more

THE GOOD
Clinical Trials

Visen Pharmaceuticals’ hypothyroidism med smashes primary and secondary endpoints
Small molecule, hypoparathyroidism - Read more

Avidity Biosciences positive Ph1/2 DMD readout might have Sarepta Therapeutics a bit concerned
Biologic, oligomer, Duchenne muscular dystrophy (DMD) - Read more

Neuren Pharmaceuticals posts positive Ph2 Angelman syndrome trial data
Small molecule, Angelman syndrome - Read more

4D Molecular Therapeutics Fabry disease gene therapy FDA clinical hold lifted
Gene therapy, Fabry disease - Read more

PRESENTED BY THE UBC SCHOOL OF BIOMEDICAL ENGINEERING
Today’s Ideas. Tomorrow’s Solutions.

Driving innovation in Canada’s biotech and life sciences sectors requires a complex and specialized skill set. The UBC Micro-certificate in Innovation Leadership: Medical & Bio-Innovations equips professionals with the practical, legal, and strategic skills needed to translate technological and scientific innovations into improved patient outcomes and healthcare impacts.

Learn how to identify and address unmet patient needs while implementing intellectual property strategies that protect and leverage healthcare innovations. Gain relevant, in-demand skills from a diverse panel of industry experts, which you can apply immediately in your professional role or organization.

Course enrolment is now open. Learn more and register today!

⬇️ The Good News (Cont’d) ⬇️

THE GOOD
Company Launches

Kano Therapeutics launches with a “new class of biomaterial”
Single strand DNA, gene correction - Read more [Paywall]

THE GOOD
Earnings & Finances

Novartis spin-off Sandoz raises 2024 guidance as Humira biosimilar sales chung along
Monoclonal antibody, biosimilar, autoimmune - Read more

THE GOOD
Fundraises

Zevra Therapeutics public offering up to $60M
Small molecule, urea cycle disorder, attention-deficit/hyperactivity disorder (ADHD) - Read more

Mind Medicine (MindMed) public offering
Small molecule, psychedelic, anxiety disorder, autism spectrum disorder - Read more

Arrowhead Pharmaceuticals $500M strategic financing
RNA, lipid disorders - Read more

THE GOOD
Investments

Amgen to open new office in India - Read more

Vivint Pharma to build $48M injectable manufacturing plant in India
Manufacturing, injectables - Read more

THE GOOD
Mergers & Acquisitions

North­east Phar­ma­ceu­ti­cal Group begins proceedings to purchase controlling stake in Bei­jing DC­TY Biotech
CAR-T cell therapy, TCR-T cell ther­a­py, solid tumor, cancer - Read more (original press release in Chinese)

THE GOOD
Partnerships

Chimeric Therapeutics enters development/manufacturing partnership with Cell Therapies
CDMO, cell therapy, manufacturing - Read more

THE GOOD
Regulatory

German vaccine advisory panel recommends either GSK’s or Pfizer’s RSV vaccine for adults aged 75 or older
Vaccine, respiratory syncytial virus (RSV) - Read more

Big pharma players including Gilead, Genentech voice feedback on FDA’s new research inspections draft guidance
Site inspections, draft guidance - Read more [Paywall]

ENJOYING THESE NEWSLETTERS?
Support TLDR Biotech.

It’s a lot of work to put together a daily newsletter, and it’s currently just me writing these things (+ one part-time contractor - no fancy editing team).

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.

⬇️ The Bad News ⬇️

THE BAD
Clinical Trials

Inovio Pharmaceuticals hits manufacturing issue during BLA submission process
DNA-based medicine, Human papillomavirus (HPV) related diseases, recurrent respiratory papillomatosis (RRP) - Read more

Cabaletta Bio reports CAR-T adverse event in autoimmune trial
CAR-T cell therapy, lupus, autoimmune - Read more

THE BAD
Lawsuits

Another IRA suit dismissed, this one brought by the US Chamber of Commerce
Inflation reduction act - Read more 

THE BAD
Layoffs

AN2 Therapeutics to cut half of staff by EOY, drops their lead asset in Ph2/3
Small molecule, Mycobacterium avium complex (MAC) lung disease - Read more

THE BAD
Strategic Plans

With COVID vaccines’ money-making era basically over, Novavax looks to offload a manufacturing site
COVID-19 vaccine, manufacturing - Read more

23andMe cuts drug discovery arm and instead turns to…hawking GLP-1 prescriptions?
GLP-1, obesity, genetic testing - Read more [Paywall]

Zentalis Pharmaceuticals discontinues leukaemia combo therapy development
Small molecule, leukaemia, cancer - Read more

⬇️ The Ugly News ⬇️

THE UGLY
Marketing

Novo Nordisk runs afoul of UK drug marketing rules (again)
Obesity, weight loss - Read more

THE UGLY
Research

Lykos Therapeutics’ (self-inflicted) insult to injury as redactions hit 3 of their published papers
Small molecule, MDMA-assisted psychotherapy, psychedelic, post-traumatic stress disorder (PTD) - Read more

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

Happy Summer GIF by Yevbel

Forcefully manifesting positivity today! | Gif: yevbel 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.