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- Biotech & Pharma Updates | December 4 - 5, 2024
Biotech & Pharma Updates | December 4 - 5, 2024
Atlas Venture closes $450M Fund XIV focused on biotech, Protara Therapeutics positive Ph2 cell therapy data launches stock upward, Nuvig Therapeutics $161M Series B for non-immune system suppressing autoimmune therapies, Eli Lilly & Amgen both announce $1B+ facility builds + 20 more stories
Atlas Venture closes biotech-focused Fund XIV at $450M, with a “disciplined and focused” aim. | Gif: boomerangtoons on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Business Development
GSK continues Shingrix supply deal to China with Chongqing Zhifei Biological Products, but agreed upon volume lower than anticipated
Vaccine, shingles - Read more
THE GOOD
Clinical Trials
Protara Therapeutics showcases positive results from ongoing TARA-002 (targeting Toll Like Receptor 4) Ph2 trial in bladder cancer
Cell therapy, bladder cancer - Read more
CG Oncology touts durability data from Ph3 of cretostimogene grenadenorepvec in bladder cancer
Oncolytic immunotherapy, bladder cancer - Read more
NeuroSense Therapeutics touts “statistically significant” Ph2 results from 18-month data analysis of PrimeC (ciprofloxacin and celecoxib combo) in ALS
Small molecule, amyotrophic lateral sclerosis - Read more
THE GOOD
Fundraises
Atlas Venture closes biotech-focused Fund XIV at $450M
Biotech investing, venture capital, early-stage investing - Read more
Nuvig Therapeutics $161M Series B, aiming for next-gen, non-immune suppressing autoimmune disorder therapies
Fc fragment, autoimmune disorders, chronic inflammatory demyelinating polyneuropathy, bullous pemphigoid - Read more
NTx $15M in venture debt, sustainable biologics manufacturing
mRNA vaccines, protein therapeutics, manufacturing, sustainability - Read more
Newcells £1.2M ($1.5M) raise, non-animal models for drug development
Non-animal models, drug development, tissue mimic - Read more
Cleery $106M Series C extension, AI-powered cardiovascular imaging technology
Software, heart disease, medtech, AI, imaging - Read more
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⬇️ More Good News ⬇️
THE GOOD
Investments
Eli Lilly to invest a “Pleasant” $3B into Wisconsin, USA-based injectables manufacturing, fill-finish site
Site expansion, injectables, fill-finish - Read more
Amgen commits $1B for second drug substance site in North Carolina, USA
New facility, drug substance manufacturing - Read more
myTomorrows health tech, CRO opens new operations hub in Delhi, India
Clinical research organization, clinical trial recruiting, health tech - Read more
THE GOOD
Lawsuits
Insulet emerges victorious in patent spat with EOFlow, $452M in damages awarded
Medical device, insulin pump, diabetes - Read more
THE GOOD
Partnerships
GSK, Muna Therapeutics sign drug discovery and development pact focused on novel neurodegenerative disease small molecules
Small molecule, Alzheimer’s disease, Parkinson’s disease, multiple sclerosis - Read more
Matica Bio, Treovir manufacturing partnership focused on G207 HSV-based oncolytic therapy
Oncolytic immunotherapy, glioblastoma, brain tumor, cancer, CDMO - Read more
Eckert & Ziegler signs radionuclide supply agreement to Ariceum Therapeutics
Radiopharm, radionuclide, isotope manufacturing - Read more
THE GOOD
Patient Access
UK’s NICE goes slow-and-steady with Eli Lilly’s tirzepatide roll-out so as to not overwhelm NHS
GLP-1, obesity - Read more
THE GOOD
Regulatory
FDA posts updated guidance on expediting accelerated approval withdrawals
Accelerated approval, regulatory guidance - Read more [PDF Page 18]
THE GOOD
Strategic Plans
United States Patent and Trademark Office withdraws controversial proposed patent group challenge rule
Pharma patent - Read more [Paywall]
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⬇️ The Bad News ⬇️
THE BAD
Layoffs
Agenus plots staff layoffs after last week’s CDMO business announcement
Monoclonal antibody, cancer, CDMO - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Marketing
AstraZeneca scolded by UK’s PCMPA after an “an anonymous, contactable complainant who described themselves as an AstraZeneca employee” complained about LinkedIn promotional behavior of several “senior, care free colleagues”
Pharma marketing, LinkedIn - Read more
THE UGLY
Public Health
Deadly, unknown disease outbreak in the DRC - 382 cases (over half in children under 5), 79 deaths
Infectious disease, disease outbreak - Read more [Paywall]
THE UGLY
Research
H5N1 bird flu virus just needs a single mutation to become more efficiently infectious among humans
Infectious disease, bird flue (H5N1) - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
Only a few more weeks to go! | Gif: stanaustralia on Giphy
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