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- Biotech & Pharma Updates | January 1 - 5, 2025
Biotech & Pharma Updates | January 1 - 5, 2025
Regeneron acquires Oxular and gets hands on novel ocular drug delivery tech, BMS's Opdivo lands new approval for subcutaneous version, Roche in-licenses Innovent ADC in up to $1B deal, General Proximity launches with $16M to go after "undruggable" disease-linked proteins, Neumora stock collapses after navacaprant Ph3 failure in major depressive disorder + 31 more stories
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Missed the Biotech/Pharma updates from December 19th to 31st?
Since TLDR Biotech was on break for the last bit of December, there’s a bunch of news that we missed including in these newsletters.
But not to worry - all the news from December 19th to 31st is available in a downloadable spreadsheet, categorized by Good/Bad/Ugly and news types (no tags though, sorry).
If you want access (free of charge), just reply to this email with the word “Holiday List”.
(If you’re reading this newsletter on the web and want access, you’ll need to be subscribed to TLDR Biotech. Once subscribed, reply to your welcome email with “Holiday List” for access.)
⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Bristol Myers Squibb's Opdivo (PD-1 inhibitor) lands another FDA approval for subcutaneous delivery in solid tumors
Monoclonal antibody, solid tumor, cancer - Read more
SIGA Technologies' Tepoxx (VP37 inhitor) nabs Japanese PMDA approval to treat orthopoxvirus infections
Small molecule, orthopoxvirus infection, antiviral - Read more
GSK's Nucala (targeting IL-5) lands Chinese NMPA approval as add-on therapy for chronic rhinosinusitis with nasal polyps
Monoclonal antibody, chronic rhinosinusitis with nasal polyps - Read more
Innovent’s Dovbleron (ROS1 tyrosine kinase inhibitor) lands Chinese NMPA approval in China in advanced non-small cell lung cancer patients.
Small molecule, lung cancer - Read more
Novartis’ Fabhalta (factor B inhibitor) gets FDA adcomm date of February 24th, related to C3 glomerulopathy approval bid
Small molecule, C3 glomerulopathy - Read more (Paywall)
Capricor Therapeutics submits BLA for deramiocel, a cell therapy targeting Duchenne muscular dystrophy cardiomyopathy
Cell therapy, Duchenne muscular dystrophy cardiomyopathy, allogeneic cell therapy - Read more
THE GOOD
Business Development
Roche in-licenses Innovent's ADC IBI3009 (targeting) DLL3 for up to $1 billion, including $80 million upfront payment
Antibody-drug conjugate, lung cancer - Read more
Chia Tai Tianqing gains exclusive Chinese market rights to Naldemedine (opioid antagonist) for treating opioid-induced constipation
Small molecule, opioid-induced constipation - Read more (Press release in Chinese)
Radius Pharmaceuticals grants Pharmanovia exclusive commercialization rights to abaloparatide (targeting parathyroid hormone 1) across ten Asia Pacific markets, including China
Synthetic peptide, osteoporosis - Read more
iBio in-licenses IBIO-600 (myostatin inhibitor) from AstralBio, with goals of muscle-preserving weightloss
Bispecific antibody, obesity - Read more
Eton Pharmaceuticals acquires new commercial product in Galzin, adding Wilson disease treatment to rare disease portfolio
Small molecule, Wilson disease - Read more
Hutchmed sells its 45% stake in cardiovascular prescription med joint venture Shanghai Hutchison Pharmaceuticals (with Shanghai Pharmaceuticals)
Small molecule, cardiovascular, divestment, antibody-drug conjugate, cancer - Read more
THE GOOD
Clinical Trials
Zhaoke Ophthalmology's TAB014 (anti-VEGF) shows superior visual acuity over Lucentis (Genentech) in Ph3 trial for wet age-related macular degeneration.
Monoclonal antibody, wet age-related macular degeneration - Read more
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⬇️ More Good News ⬇️
THE GOOD
Company Launches
General Proximity launches with $16M to develop platform targeting previously "undruggable" disease-linked proteins
Small molecule, drug discovery, cancer, cardiometabolic disease - Read more
THE GOOD
Earnings & Finances
The who’s-who of big pharma plan price increases on 250 branded drugs in 2025, though percentage increases are lower than in years’ previous
Drug pricing, price increases - Read more
THE GOOD
Fundraises
CEL-SCI $5M public offering, funding further clinical development of squamous cell carcinoma hopeful Multikine
Interleukin, squamous cell carcinoma, head & neck cancer - Read more
Apheris €20.1M ($20.9M) Series A, computational platform enabling secure life sciences collaboration networks
Life science data, secure collaboration, data sharing - Read more
GenKOre KRW 10 billion ($6.9M) bridge investment, developing ultra-small “gene scissors”
Gene-editing, gene therapy - Read more
Cyclacel Pharmaceuticals $3.1M private investment from incoming interim CEO, (temporarily) averting backruptcy
Small molecule, solid tumor, lymphoma, cancer - Read more
THE GOOD
IPOs
Ascentage Pharma plans $100M Nasdaq IPO under symbol AAPG
Small molecule, myeloid leukemia, cancer - Read more
THE GOOD
Lawsuits
BioNTech agrees to pay NIH and UPenn royalties for COVID-19 vaccine Comirnaty, including $791.5 million to NIH
Vaccine, COVID-19 - Read more
THE GOOD
Marketing
Veeda Group rebrands as Veeda Lifesciences, unveiling new logo and expanding services into the CDMO realm
CRO, CDMO, contract research, contract manufacturing - Read more
THE GOOD
Mergers & Acquisitions
HOOKIPA Pharma plans to merge with Poolbeg Pharma, giving the latter 55% ownership
Arenaviral immunotherapy, cancer, small molecule, immunotherapy-induced cytokine release syndrome prevention - Read more
Regeneron acquires Oxular, gaining specialized ocular drug delivery technology with implications for “future potential ocular gene therapies”
Ocular drug delivery, small molecule, gene therapy - Read more
THE GOOD
Partnerships
Atavistik Bio, Pfizer partner to discover novel allosteric therapeutics using AMPS platform for two targets
Small molecule, drug discovery, cancer - Read more
THE GOOD
Research
Io Therapeutics' drug IRX4204 shows multiple sclerosis in mouse studies, resorting mobility and myelin nerve coatings
Small molecule, multiple sclerosis - Read more
Chinese scientists use AI to identify potential new drugs to treat glaucoma via targeting RIPK3
Small molecule, drug discovery, glaucoma, AI - Read more
Study reveals specific brain cell types and regions in mice that change with age, offering insights into brain aging
Brain aging - Read more
Scientists develop automated system to detect emerging infectious variants, enabling faster responses to disease outbreaks and better vaccine development
Infectious disease, vaccine development, antibiotic resistance - Read more
AI models outperform human experts in detecting ovarian cancer through ultrasound imaging (implications in addressing ultrasound expert shortage)
Cancer detection, ovarian cancer - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Neumora's navacaprant (kappa opioid receptor antagonist) fails Ph3 trial for major depressive disorder, sending stock spiralling down over 80%
Small molecule, major depressive disorder - Read more
THE BAD
Lawsuits
Eli Lilly wants in on lawsuit focused on GLP-1-producing compounding pharmacies and their ire over tirzepatide shortage removal, stating that “FDA will not ‘adequately represent [Lilly’s] interest[s]’.”
GLP-1, obesity, compounding - Read more
Instead of (or in addition to?) selling cars, Braman Motors joins lawsuit against Eli Lilly, Novo Nordisk, and Sanofi over high insulin prices
Insulin, diabetes, drug pricing - Read more (Paywall)
THE BAD
Patient Access
Novo Nordisk petitions FDA to prevent compounding pharmacies from producing Victoza (liraglutide)
GLP-1, type 2 diabetes, compounding - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Patient Access
Independence Blue Cross won't cover most treatments granted FDA accelerated approvals for at least 18 months after approval (excluding cancer therapies and mandated medicines)
Accelerated approval, health insurance - Read more (Paywall)
THE UGLY
Withdrawals & Recalls
Astellas and Endo (respectively) recall drugs due to empty capsules and unapproved ingredients concerns
Small molecule, immunosuppressant, vasoconstrictor - Read more
You’re all caught up on the latest Pharma & Biotech News!
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