- TLDR Biotech
- Posts
- Biotech & Pharma Updates | December 10 - 11, 2024
Biotech & Pharma Updates | December 10 - 11, 2024
Pair of (former) biotech CEOs convicted of fraud, Candel Therapeutics stock jumps on positive viral immunotherapy Ph3 data in prostate cancer, Angitia Biopharmaceuticals $120M Series C targeting musculoskeletal disorders, Q32 Bio stock collapses on "messy" trial results + 37 more stories
All the top Biotech & Pharma news in one daily newsletter.
Want 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 1500+ biotech and pharma professionals? Let’s chat. 👍
⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Santhera Pharmaceuticals’ DMD therapy Agamree (targeting glucocorticoid and mineralocorticoid receptors) lands China NMPA approval
Small molecule, Duchenne muscular dystrophy - Read more
THE GOOD
Business Development
Vertex Pharmaceuticals and the Saudi Arabian Ministry of Industry and Mineral Resources and the Ministries of Investment and Health sign MOU focused on boosting gene therapy manufacturing in the region
Gene therapy, manufacturing - Read more
THE GOOD
Clinical Trials
Eli Lilly boasts positive Ph3 data for imlunestrant (estrogen receptor degrader) in breast cancer
Small molecule, breast cancer - Read more
Candel Therapeutics stock jumps on positive Ph3 data for CAN-2409 viral immunotherapy in prostate cancer
Viral immunotherapy, prostate cancer - Read more
Pharming Group touts positive topline Ph3 data for leniolisib (PI3Kδ inhibitor) in children aged 4 to 11 years with activated phosphoinositide 3-kinase delta syndrome
Small molecule, activated phosphoinositide 3-kinase delta syndrome - Read more
Arrowhead Pharmaceuticals showcases interim Ph1/2a data for ARO-CFB (targeting complement factor B) for complement mediated diseases
RNAi, complement mediated disease, kidney disease, immunoglobulin A nephropathy - Read more
Relay Therapeutics shares additional details on specific breast cancer sub-group from RLY-2608 (PI3Kα inhibitor) Ph2 trial
Small molecule, breast cancer - Read more
EsoBiotec begins world-first in vivo BCMA CAR-T clinical trial in multiple myeloma
Cell therapy, multiple myeloma, cancer, in vivo CAR-T - Read more
PRESENTED BY YOU?
Get the attention of 1500+ Biotech & Pharma Professionals 🤩
Gif: oscars on Giphy
Do you offer a biotech/pharma-focused product or service?
Or looking to get investor/analyst interest on your budding start-up?
Considering sponsoring TLDR Biotech to get in-front of an engaged audience of biotech & pharma-focused professionals.
Just reply to this email* or message me on LinkedIn to learn more.
*If you’re reading this on the web version, email [email protected]
⬇️ More Good News ⬇️
THE GOOD
Company Launches
Negev Labs launches with goals of harnessing neuroplastogens
Small molecule, neuroplastogen, psychedelics, psychiatric disorders, retinal degeneration - Read more
THE GOOD
Fundraises
Ambrosia Biosciences $25M Series A, small molecules for obesity and “other metabolic disorders”
Small molecule, obesity - Read more
Syncell $15M Series A, protein purification and spatial proteomics tech
Instrumentation, spatial proteomics, protein purification - Read more
Veradermics $75M Series B, small molecules for treating androgenetic alopecia
Small molecule, androgenetic alopecia, pattern hair loss - Read more
Noema Pharma undisclosed Series B extension (total Series B of $147M), neuroscience-based conditions with high unmet need
Small molecule, tuberous sclerosis complex, trigeminal neuralgia, Tourette syndrome - Read more
Angitia Biopharmaceuticals $120M Series C, musculoskeletal candidates
Biologic, degenerative disc disease, bispecific antibody, osteoporosis in postmenopausal women - Read more
Capstan Medical $110M Series C, robotic surgery for cardiac valve replacement
Robotic surgery, cardiac valve, mitral and tricuspid valve disease - Read more
Humanetics $5M raise from US DOD, medical countermeasures
Small molecule, acute radiation exposure, nanoparticle - Read more
RenaissThera undisclosed Seed raise, small molecules for obesity and diabetes (targeting GLP-1, GIP)
Small molecule, obesity, diabetes, GLP-1 - Read more
Rocket Pharmaceuticals $150M public offer of common stock
Gene therapy, Fanconi anemia, leukocyte adhesion deficiency-I, pyruvate kinase deficiency - Read more
ImmunityBio undisclosed public offering of common stock
Biologic, bladder cancer, cancer vaccine - Read more
CG Oncology public offering of 7.3M shares
Oncolytic immunotherapy, bladder cancer - Read more
THE GOOD
Investments
Daiichi Sankyo $152M ADC plant build in Shanghai, China
Antibody-drug conjugate, manufacturing, new site build - Read more
THE GOOD
Mergers & Acquisitions
Chroma Medicine, Nvelop merger to create nChroma Bio, in vivo genetic medicines
Gene editing, epigenetic editors, non-viral delivery - Read more
Bayer buys Cara Care from partner Mahana Therapeutics
Digital therapeutics, irritable bowel syndrome - Read more
THE GOOD
Partnerships
Eli Lilly partners with telehealth platform Ro on providing vials (not injectable pens) of its blockbuster obesity med Zepbound
GLP-1, obesity, telehealth - Read more [Paywall]
TC BioPharm, CareDx partner on pharmacokinetic analyses of allogeneic gamma-delta T cell therapies
Cell therapy, acute myeloid leukemia, myelodysplastic syndrome, cancer, allogeneic gamma delta T cell therapy - Read more
PolyPid, ImmunoGenesis R&D collab on small molecule drug delivery tech
Small molecule, cancer, drug delivery - Read more
THE GOOD
Patients Access
Blood stem cell-based gene therapy still rely on difficult (sometimes unsafe) conditioning regimens; therapeutic developers seek alternatives
Gene therapy, conditioning regimen, stem cell-based therapies - Read more [Paywall]
A positive of the US pharma system - drugs are approved and made available faster compared to most of the EU; IQVIA report
Drug access, approval process - Read more [Paywall]
THE GOOD
Politics & Policy
Biopharma business development might have caught a break with President-elect Trump’s FTC pick
Biopharma business development, mergers & acquisitions, Federal Trade Commission - Read more
THE GOOD
Strategic Plans
Gilead plots path for sustained post-Biktarvy HIV dominance
Small molecule, human immunodeficiency virus infection - Read more
Eli Lilly’s has obesity meds on the “brain”
GLP-1, obesity, neurological conditions - Read more [Paywall]
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
Business Development
SK Group may be looking to sell stake in Vietnam’s Imexpharm
Pharmaceutical manufacturing - Read more [Paywall]
THE BAD
Clinical Trials
Acelyrin’s izokibep (IL-17A inhibitor) flunks in non-infectious, non-anterior uveitis Ph2b/3 trial
Therapeutic protein, uveitis - Read more
Moberg Pharma’s MOB-015 (topical terbinafine) misses Ph3 endpoint in onychomycosis (nail fungus)
Small molecule, onychomycosis, nail fungus, topical - Read more
AnaptysBio atopic dermatitis hopeful ANB032 (targeting BTLA) misses all Ph2b endpoints
Monoclonal antibody, atopic dermatitis, eczema - Read more
Spruce Biosciences’ lone clinical asset, tildacerfont (corticotropin-releasing factor receptor-1 antagonist), fails in classic congenital adrenal hyperplasia Ph2 trial
Small molecule, classic congenital adrenal hyperplasia - Read more
SIGA Technologies’ tecovirimat (viral protein p37 inhibitor) NIH-run mpox trial halted due to lack of efficacy
Small molecule, mpox (monkeypox) infection, antiviral - Read more
Q32 Bio stock takes a massive beating (down 80%) after pair of bempikibart (IL-7Rα inhibitor) Ph2a trials disappoint; one trial in eczema misses endpoint, while other in alopecia has a clinical site excluded due to “marked protocol violations”
Monoclonal antibody, atopic dermatitis, eczema, alopecia - Read more
THE BAD
Layoffs
Cellectar lays off 60% of staff after FDA demands additional trial before considering an accelerated approval
Radiopharm, Waldenström macroglobulinemia, radiotherapy, bone marrow cancer - Read more
BenevolentAI’s “return to [techbio] roots” revamp to cost unspecified number of roles
Drug development, techbio, AI, drug discovery - Read more
THE BAD
Mergers & Acquisitions
Hepion and Pharma Two B call-off reverse merger
Small molecule, liver disease, Parkinson’s disease, cancer - Read more
THE BAD
Partnerships
Bayer ditches Moberg pact after Ph3 nail fungus topical failure
Small molecule, onychomycosis, nail fungus, topical - Read more [Paywall]
⬇️ The Ugly News ⬇️
THE UGLY
Criminal Acts
Former CEO’s of CytoDyn and Amarex Clinical Research convicted in biotech fraud case by Maryland jury
Monoclonal antibody, COVID-19, human immunodeficiency virus, fraud, insider trading - Read more
THE UGLY
Public Health
Incoming HHS head RFK Jr. could rescind EUA’s for pediatric vaccines
Vaccine, infectious disease, COVID-19 - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
Gif: HockeyDiversityAlliance 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