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- Biotech & Pharma Updates | February 13 - 17, 2025
Biotech & Pharma Updates | February 13 - 17, 2025
FDA (and CDC) mass layoffs begin, Allogene Therapeutics’ allogeneic CAR-T delivers “durable response data” in Ph1 trial, Bambusa Therapeutics raises $90M Series A to develop bispecific antibodies for I&I disorders, BMS' Opdualag flops in Ph3 melanoma trial, Kojin Therapeutics cell death ambitions die as biotech ceases operations + 35 more stories

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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
CSL and Arcturus Therapeutics' Kostaive self-amplifying mRNA vaccine for COVID-19 in adults receives EC approval
mRNA, vaccine, COVID-19 - Read more
Galderma's Nemluvio (targeting IL-31) lands EC approval for atopic dermatitis and prurigo nodularis treatment
Monoclonal antibody, atopic dermatitis, prurigo nodularis - Read more
Egetis Therapeutics’ Emcitate (thyroid hormone analogue) scores EC approvals in MCT8 deficiency
Small molecule, monocarboxylate transporter 8 deficiency - Read more
Astellas' Izervay (targeting C5) receives FDA label update removing 12-month use limit for geographic atrophy in age-related macular degeneration patients
RNA aptamer, geographic atrophy secondary to age-related macular degeneration - Read more
Ono Pharmaceutical's Romvimza (CSF1R inhibitor) scores FDA approval for treating inoperable tenosynovial giant cell tumor in adults
Small molecule, tenosynovial giant cell tumor, cancer - Read more
GSK's Penmenvy vaccine scores FDA approval for meningococcal disease caused by Neisseria meningitidis
Vaccine, meningococcal disease - Read more
Samsung Bioepis lands pair of FDA approvals for Ospomyv (RANKL inhibitor; Prolia biosimilar, Amgen) and Xbryk (RANKL inhibitor; Xgeva biosimilar, Amgen)
Monoclonal antibody, osteoporosis, bone metastases, cancer, biosimilar - Read more
Sanofi's Merilog (insulin analog; NovoLog biosimilar, Novo Nordisk) lands FDA approval as rapid-acting insulin for blood sugar control in diabetes
Insulin analog, diabetes, biosimilar - Read more
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⬇️ More Good News ⬇️
THE GOOD
Business Development
SmartCella acquires rights to develop Karolinska Institutet-originating cell therapy hopeful in Parkinson's disease
Cell therapy, Parkinson's disease, cell replacement, stem cells - Read more
THE GOOD
Clinical Trials
Corbus and CSPC Pharmaceutical's CRB-701 (targeting Nectin-4) shows promise in Ph1 trial for solid tumors, competing with Pfizer's Padcev
Antibody-drug conjugate, cancer, solid tumor - Read more
Bayer's NUBEQA (androgen receptor antagonist), coupled with androgen deprivation therapy, delivers improved survival in Ph3 trial for metastatic hormone-sensitive prostate cancer patients
Small molecule, prostate cancer - Read more
Allogene Therapeutics’ touts “durable response data” from cemacabtagene ansegedleucel Ph1 trial in large B-cell lymphoma
Cell therapy, lymphoma, cancer, CAR-T, allogeneic cell therapy - Read more
Arcus Biosciences showcases “Best-in-Class Potential” Ph1/1b data for casdatifan (HIF-2a inhibitor) in metastatic kidney cancer
Small molecule, renal cell carcinoma, kidney cancer, cancer - Read more
Bristol Myers Squibb showcases positive five-year data from Sotyktu (TYK2 inhibitor) Ph3 trial in moderate-to-severe plaque psoriasis
Small molecule, plaque psoriasis - Read more
AstraZeneca's Imfinzi (targeting PD-L1) with chemotherapy improved survival in muscle-invasive bladder cancer patients in Ph3 trial
Monoclonal antibody, bladder cancer - Read more
Formycon wraps up Ph3 trial early for FYB206 (PD-1 inhibitor; Keytruda biosimilar, Merck & Co.) as collected data sufficient for FDA approval
Monoclonal antibody, cancer, melanoma, biosimilar - Read more
Pliant Therapeutics assembles external expert panel to assess unblinded bexotegrast (integrin inhibitor) Ph2b data, to understand rationale for last week’s clinical hold recommendation from an independent data safety monitoring board
Small molecule, idiopathic pulmonary fibrosis, independent panel review - Read more
THE GOOD
Company Launches
Coeptis launches COEP Venture Group to invest in AI startups focusing on “Robotic Process Automation” and AI Agents
Venture capital, AI - Read more
FLEX MARKETING launches as a new healthcare marketing agency agency
Pharma marketing - Read more
THE GOOD
Fundraises
StemSight €2.3M ($2.4M) seed round, developing stem cell treatments for corneal blindness
Cell therapy, limbal stem cell deficiency (LSCD), corneal blindness, stem cells - Read more
Bambusa Therapeutics raises $90M Series A to develop bispecific antibodies for immune disorders
Bispecific antibody, immunology, inflammatory disease - Read more
Oculis $100M public offering, developing therapeutics for eye diseases
Synthetic peptide, antibody fragment, diabetic macular edema, acute optic neuritis, dry eye disease - Read more
Mair Therapeutics Pre-Seed (undisclosed amount), Dutch biotech developing treatments for neurodegenerative disorders
Small molecule, Parkinson's disease, neurodegenerative disease - Read more
InflaRx $30M public offering, developing complement-targeting anti-inflammatory therapeutics to fund pipeline development including vilobelimab
Monoclonal antibody, small molecule, inflammatory disease - Read more
THE GOOD
Lawsuits
Johnson & Johnson seeks court approval for $8 billion bankruptcy plan to settle thousands of talc-related cancer lawsuits
Talc, ovarian cancer, settlement - Read more [Paywall]
THE GOOD
Mergers & Acquisition
Private equity firm Olympus Partners acquires PAI Pharma, manufacturer of generic liquid medicines in cups and bottles
Generic, pharmacy - Read more
Strive Medical acquires Bronx-based Charles Pharmacy & Surgical, expanding its diabetes supplies and medical equipment services nationwide
Medical device, diabetes, pharmacy - Read more
THE GOOD
Partnerships
Eisai, Oita University partner to develop AI model predicting Alzheimer's brain amyloid buildup using clinical markers
Alzheimer's disease, research & development, disease prediction, machine learning, biomarker, AI - Read more
THE GOOD
Politics & Policy
Trump establishes health commission led by HHS Secretary RFK Jr. to investigate causes of chronic disease and health system reforms
Public policy, preventative medicine, chronic disease, HHS - Read more
Major pharmaceutical CEOs (and maybe PhRMA) allegedly planning White House meeting with Trump, details TBD
Public policy, pharma industry policy - Read more [Paywall]
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Bristol Myers Squibb's Opdualag (relatlimab, targeting LAG-3, and nivolumab, targeting PD-1) fails Ph3 trial in post-surgery melanoma, missing survival goal versus nivolumab alone
Monoclonal antibody, melanoma, combo therapy - Read more
Moderna's mRNA-1403 norovirus vaccine Ph3 trial halted by FDA after single case of Guillain-Barré syndrome reported during testing
Vaccine, mRNA, norovirus, adverse event, Guillain-Barré syndrome - Read more
THE BAD
Company Shutdown
Kojin Therapeutics cell death ambitions die as biotech shutters operations, citing funding challenges
Small molecule, cancer, autoimmune - Read more
THE BAD
Earnings & Finances
Moderna's Q4 revenue falls 66% to $966M, reports $1.12B loss as COVID vaccine sales decline amid focus on pipeline development
Big pharma earnings, vaccine, COVID-19, research & development - Read more
Moderna incurs $238M cancellation charge amid post-pandemic production cuts, with total Q4 costs reaching $739M
Contract manufacturing, big pharma earnings, COVID-19 - Read more
Formycon shares drop 35% after forecasting 2024 earnings decline due to U.S. biosimilar price reductions and product impairments
Biosimilar, drug pricing - Read more
West Pharma stock drops 38% after losing glucose monitor clients, but GLP-1 packaging deals help offset some losses
Drug packaging, glucose monitoring device, GLP-1, drug delivery - Read more [Paywall]
THE BAD
Strategic Plans
Otsuka discontinues multiple cancer drug programs, including OPB-111077 (STAT inhibitor), citing strategic reasons
Small molecule, cancer, lymphoma - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Layoffs
Trump administration begins mass layoffs at the CDC, terminating 1,300 probationary employees as part of larger HHS workforce reduction plans
Federal health agency, CDC - Read more
FDA initiates layoffs across multiple divisions, following CDC's 1,300 staff cuts, with terminations effective March 14
Federal health agency, FDA - Read more
You’re all caught up on the latest Pharma & Biotech News!

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