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- Biotech & Pharma Updates | February 9 - 10, 2025
Biotech & Pharma Updates | February 9 - 10, 2025
US district court judge blocks Trump administration's plan to cap medical research funding after 22 states sue, Bristol Myers Squibb's Breyanzi succeeds in Ph2 trial for relapsed marginal zone lymphoma, Merck KGaA reportedly in advanced talks to acquire SpringWorks Therapeutics, Roivant’s subsidiary Kinevant Sciences discontinues namilumab development after Ph2 trial failure in pulmonary sarcoidosis, Q32 Bio cuts staff and discontinues renal program to focus on alopecia drug development + 24 more stories

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⬇️ The Good News ⬇️
THE GOOD
Business Development
Accord BioPharma (Intas Pharmaceutical specialty division) gains U.S. rights to Bio-Thera's Simponi biosimilar BAT2506 (targeting TNF-alpha; Simponi biosimilar, Janssen Biotech) for $21M upfront plus potential milestone payments
Monoclonal antibody, rheumatoid arthritis, active psoriatic arthritis, active ankylosing spondylitis, severly active ulcerative colitis, biosimilar - Read more
Kineta sells Genentech and Merck & Co. deals to investors, and pain drug to Pacira, while preparing for TuHURA merger
Small molecule, amyotrophic lateral sclerosis, frontotemporal lobar dementia, cystic fibrosis, pain - Read more
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⬇️ More Good News ⬇️
THE GOOD
Clinical Trials
Boehringer Ingelheim's nerandomilast (PDE4B inhibitor) succeeds in Ph3 trials for progressive pulmonary fibrosis
Small molecule, progress pulmonary fibrosis - Read more
Caliway Biopharmaceuticals’ CBL-514 (targeting BAX, DYRK1B) meets Ph2b endpoints for localized fat reduction targeting abdominal fat
Small molecule, obesity, localized fat reduction - Read more
Orca Bio's Orca-T cell therapy hits Ph3 endpoint, showing improved survival in a range of blood cancers versus standard stem cell transplant
Cell therapy, acute myeloid leukemia, acute lymphoblastic leukemia, myelodysplastic syndrome, acute leukemia, T cell therapy, allogeneic cell therapy - Read more
Bristol Myers Squibb's Breyanzi (targeting CD19) succeeds in Ph2 trial for relapsed marginal zone lymphoma
Cell therapy, lymphoma, CAR-T - Read more
IVIEW Therapeutics' IVW-1001 (TRPM8 agonist) delivered via eyelid wipe, shows positive Ph1/2 results in treating dry eye disease
Small molecule, dry eye disease, drug delivery - Read more
AceLink Therapeutics touts positive Ph2 data for AL01211 (GCS inhibitor) in Fabry disease
Small molecule, Fabry disease - Read more
Grace Therapeutics' GTx-104 (Cav2.1 inhibitor) injectable beats oral nimodipine in aneurysmal subarachnoid hemorrhage Ph3 trial
Small molecule, aneurysmal subarachnoid hemorrhage, injectable, drug delivery - Read more
THE GOOD
Earnings & Finances
Incyte's topical Opzelura (JAK inhibitor) sales gew 50% to $508M, while company prepares for Jakafi (JAK inhibitor) patent expiration
Small molecule, atopic dermatitis, eczema, topical - Read more
THE GOOD
Fundraises
Alterity Therapeutics AUD 40M ($25.2M) placement, biotech developing treatments for neurodegenerative diseases
Small molecule, Parkinson's disease, neurodegenerative disease, multiple system atropy - Read more
Hexaell Biotechnologies raises RMB 200M ($27.4M) Series B+, developing bioartificial liver therapy for liver diseases
Cell therapy, liver disease, liver failure, bioartificial liver - Read more [Press release in Chinese]
THE GOOD
Investments
Novartis opens €40M viral vector facility in Slovenia, part of larger €3.5B investment in cell and gene therapy manufacturing.
Cell & gene therapy manufacturing, viral vector manufacturing, new facility - Read more
THE GOOD
IPOs
Ascentage Pharma raises $142.5M after underwriters partially exercise option to buy additional 935,144 ADSs at $17.25 each
Small molecule, leukemia, cancer - Read more
THE GOOD
Lawsuits
Axsome and Teva settle patent dispute; Teva's generic version of depression drug Auvelity (targeting NMDA) delayed until 2038
Small molecule, major depressive disorder, generic, drug patent suit - Read more
THE GOOD
Mergers & Acquisition
Merck KGaA reportedly in advanced talks to acquire SpringWorks Therapeutics for potential $3 billion deal ahead of US regulatory decision
Small molecule, neurofibromatosis type 1, cancer - Read more
Globus Medical to acquire Nevro and their chronic pain-targeting neuromodulation platforms for $250M, paying $5.85 per share in all-cash deal
Medical device, chronic pain, neuromodulation - Read more
MaxCyte acquires SeQure Dx to “broaden cell engineering offerings” with gene-editing assays relevant to CGT
Cell & gene therapy, gene-editing, on-target/off-target editing assay - Read more
THE GOOD
Partnerships
Eli Lilly, AdvanCell partner to R&D targeted alpha therapies for cancer using Pb-212 production technology
Radiopharm, cancer, alpha therapy, research & development, drug development - Read more
NecstGen, Galapagos partner to establish decentralized CAR-T cell manufacturing platform and production in Europe
CDMO, cell therapy, CAR-T, decentralized manufacturing, cell therapy manufacturing - Read more
PHC Corporation, CCRM partners to develop T-cell expansion processes focused on former’s under development cell expansion system
Instrumentation, cell therapy, gene therapy, cell culturing - Read more
THE GOOD
Politics & Policy
US district court judge blocks Trump administration's plan to cap medical research funding after 22 states sue, citing threats to public health
Federal research funding, Department of Health & Human Services, National Institutes of Health - Read more
Brand-name drugmakers and partnered manufacturers expect minimal impact from Trump's tariffs
Drug pricing, drug access, tariffs - Read more [Paywall]
THE GOOD
Research
AI discovers 25 new protein compounds, with two effectively treating bacterial and fungal infections in mice during tests
Peptide, antibiotic, antifungal, drug discovery, AI - Read more
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⬇️ The Bad News ⬇️
THE BAD
Business Development
Roche sells IPF drug Esbriet (targeting TGF-β, pro-inflammatory cytokines) and associated InterMune unit to Legacy Pharma, likely due to declining sales due to generic competition
Small molecule, idiopathic pulmonary fibrosis, generic competition - Read more
THE BAD
Clinical Trials
Roivant’s subsidiary Kinevant Sciences discontinues namilumab (anti-GM-CSF) development after Ph2 trial failure in pulmonary sarcoidosis
Monoclonal antibody, pulmonary sarcoidosis - Read more
THE BAD
Earnings & Finances
Neurocrine's Ingrezza (VMAT2 inhibitor) sales forecast disappoints investors, missing expectations amid concerns over competition in tardive dyskinesia market
Small molecule, tardive dyskinesia - Read more
THE BAD
Layoffs
Q32 Bio cuts staff and discontinues renal program to focus on alopecia drug bempikibart (anti-IL-7R), extending cash runway through 2026
Monoclonal antibody, alopecia areata - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Adverse Events
FDA expands warnings regarding BD's Rotarex atherectomy catheter after 4 deaths and 30 injuries from device fractures
Medical device, catheter - Read more
You’re all caught up on the latest Pharma & Biotech News!

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