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- Biotech & Pharma Updates | February 18 - 19, 2025
Biotech & Pharma Updates | February 18 - 19, 2025
Recursion-backed Altitude Labs launches pre-seed fund to help address funding gap caused by NIH cuts, CSPC Pharmaceutical out-licenses ROR1-targeting ADC to Radiance Biopharma for up to $1.2B, Cabaletta Bio's CD19-targeting CAR-T shows promise in lupus + dermatomyositis Ph1/2 trial, Merck & Co. & Epitopea partner to discover hidden tumor antigens, CRISPR gene-editing hopeful Spotlight Therapeutics shutters + 29 more stories

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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Celltrion's Eydenzelt (targeting VEGF; aflibercept biosimilar, Regeneron, Bayer) and Stoboclo/Osenvelt (targeting RANKL; denosumab biosimilar, Amgen) lands European Commission approval for retinal disorders and skeletal-related conditions, respectively
Fusion protein, wet AMD, macular edema following retinal vein occlusion, monoclonal antibody, osteoporosis, multiple myeloma, biosimilar - Read more
ImmunityBio and Serum Institute of India's recombinant BCG receives FDA expanded access for bladder cancer
Recombinant BCG, bladder cancer - Read more
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⬇️ More Good News ⬇️
THE GOOD
Business Development
CSPC Pharmaceutical out-licenses SYS6005 (targeting ROR1) to Radiance Biopharma for up to $1.2B
Antibody-drug conjugate, lung cancer, blood cancer, ovarian cancer - Read more
THE GOOD
Clinical Trials
Ascletis Pharma touts positive interim Ph1b data for ASC30 (targeting GLP-1R) in obesity
Small molecule, obesity - Read more
Bristol Myers Squibb showcases positive Ph3 data for Opdivo (PD-1 inhibitor) plus chemotherapy resectable non-small cell lung cancer
Monoclonal antibody, lung cancer - Read more
Cabaletta Bio's rese-cel (targeting CD19) shows promise in Ph1/2 trial for treating lupus and dermatomyositis
Cell therapy, systemic lupus erythematosus, systemic sclerosis, myositis, CAR-T - Read more
Recce Pharmaceuticals' R327G gel delivers Ph2 success in treating bacterial skin infections, including diabetic foot infections
Small molecule, diabetic foot infections, acute bacterial skin and skin structure infections (ABSSSI), topical - Read more
THE GOOD
Earnings & Finances
Sanofi sells 50% controlling stake in Opella to CD&R, with Bpifrance taking 2%; deal closing expected Q2 2025.
Consumer health - Read more
THE GOOD
Fundraises
Reverb Therapeutics $12 M Seed, biotech company developing immune system treatments for life-threatening diseases
Bispecific antibody, cancer, autoimmune - Read more
Subsense $17M Seed, developing non-surgical nanoparticle brain-computer interface for connecting brains to external sources
Brain-computer interface, nanoparticle - Read more
Altitude Labs (backed by Recursion Pharmaceuticals) launches pre-seed fund to help address funding gap caused by NIH cuts
Pre-seed funding, SBIR (Small Business Innovation Research) program, life science investing, biotech investing - Read more
THE GOOD
IPOs
Anbio Biotechnology announces IPO of 1.6M shares at $5 each, will trade on Nasdaq as "NNNN" starting February 2025
Diagnostics, biomarkers - Read more
Genuine Biotech, a Chinese drug developer, seeks listing on Hong Kong Stock Exchange
Small molecule, human immunodeficiency virus (HIV), cancer, COVID-19 - Read more
THE GOOD
Lawsuits
Lawsuit against Merck & Co. over Gardasil vaccine safety suspended, linked to new HHS Secretary RFK Jr.'s past legal campaign
HPV, vaccine injury - Read more
THE GOOD
Mergers & Acquisition
Flourish Research acquires Diablo Clinical Research, expanding its clinical trial capabilities across multiple therapeutic areas and study phases
CRO, clinical research site - Read more
Report suggests Sycamore Partners' potential buyout of Walgreens is still possible, causing 15% stock price surge
Pharmacy, consumer health - Read more
THE GOOD
Partnerships
AWS (Amazon), Memorial Sloan Kettering Cancer Center partner to accelerate cancer drug discovery using AI and data analytics
Research & development, drug development, drug discovery, AI - Read more
Merck & Co., Epitopea partner to discover hidden tumor antigens using CryptoMap platform for immunotherapy development
RNA, drug discovery, tumor antigen, solid tumor, tumor microenvironment - Read more
THE GOOD
Politics & Policy
Pfizer CEO, at PhRMA Forum, expresses optimism about Trump administration's pro-business stance benefiting pharmaceutical industry
Pharma industry, lobbying - Read more [Paywall]
Trump signs executive order directing policy council to protect IVF access and reduce treatment costs nationwide
In-vitro fertilization, IVF access - Read more
THE GOOD
Public Health
Novartis invests $7.5M in Zero Prostate Cancer's initiative to reduce healthcare disparities and save 100,000 lives by 2035
Drug access, healthcare access, prostate cancer - Read more
Uganda's last eight Ebola patients discharged, marking end of outbreak with no new cases reported, WHO praises response
Ebola virus, infectious disease - Read more [Paywall]
THE GOOD
Product Launches
Google launches Gemini 2.0-powered AI assistant to help scientists with research, emphasizing it will support, not replace, researchers
AI, research & development - Read more
THE GOOD
Research
Arc Institute's Evo 2 AI model expands genetic modeling capabilities to include complex organisms, collaborating with NVIDIA and universities
AI, genome foundation model, drug discovery - Read more
Drug mimicking high-altitude, low-oxygen conditions extends lifespan in mice with mitochondrial disease, showing promise for human treatment
Small molecule, mitochondrial disorder - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
Harmony Biosciences' Wakix (H3 receptor antagonist) sNDA for EDS with idiopathic hypersomnia rejected by FDA due to missed Ph3 study
Small molecule, idiopathic hypersomnia, excessive daytime sleepiness - Read more
THE BAD
Clinical Trials
Supernus Pharmaceuticals' SPN-820 (mTORC1 activator) fails Ph2b trial in treatment-resistant depression
Small molecule, treatment resistant depression - Read more
Exelixis’ Cabometyx (targeting MET, AXL, VEGFR) combined with Opdivo/Yervoy (Bristol Myers Squibb) flops in Ph3 advanced kidney cancer trial
Small molecule, monoclonal antibody, kidney cancer, renal cell carcinoma, drug combo - Read more
THE BAD
Company Shutdown
Spotlight Therapeutics shutters, with their CRISPR-based editing tech not finding clinical footing
Antibody-drug conjugate, gene-editing, CRISPR - Read more
THE BAD
Layoffs
Charles River Laboratories reduces workforce at Memphis CGT facility
Cell therapy, gene therapy, CDMO, CRO - Read more
THE BAD
Politics & Policy
Pfizer CEO expresses concern over potential US tariffs on EU affecting company's European manufacturing plants
Tariffs - Read more
Robert F. Kennedy Jr. pledges to review childhood vaccine schedule, despite earlier promises not to change it
Vaccines, vaccine hesitancy, measles, polio - Read more
HHS and Trump administration promote "biological truth" policy, defining only two sexes and challenging FDA's diversity guidance
Gender identity, gender affirming care - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Warning Letters, Form 483
FDA issues citations to a number of Indian drugmakers for GMP violations
Quality concerns, GMP violations - Read more
You’re all caught up on the latest Pharma & Biotech News!

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