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- Biotech & Pharma Updates | January 21 - 22, 2025
Biotech & Pharma Updates | January 21 - 22, 2025
US federal science meetings and panels abruptly cancelled, Sanofi's Sarclisa approved in EU in multiple myeloma, Samsung Biologics nabs record profits in 2024, Inhibrx's colorectal cancer hopeful faces safety concerns after patient death in Ph1 trial + 31 more stories

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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Sanofi's Sarclisa (anti-CD38) lands EC approval (with VRd) for newly diagnosed multiple myeloma
Monoclonal antibody, multiple myeloma, cancer - Read more
THE GOOD
Business Development
ArriVent BioPharma pays Lepu Biopharma $47M upfront for preclinical ADC cancer drug MRG007, with potential future payments up to $1.16B
Antibody-drug conjugate, gastrointestinal cancer - Read more
Kindeva subsidiary Meridian Medical wins $129M US contract to supply DuoDote nerve agent antidote autoinjectors.
Small molecule, nerve agent antidote, insecticide exposure - Read more
THE GOOD
Clinical Trials
Tris Pharma's cebranopadol (targeting NOP/MOP receptors) delivers Ph3 win as non-opioid painkiller for post-abdominoplasty pain management
Small molecule, post-abdominoplasty pain management - Read more
Lisata Therapeutics touts “encouraging” early Ph2 data for certepetide in metastatic pancreatic ductal adenocarcinoma treatment
Bifunctional peptide, pancreatic ductal adenocarcinoma, cancer - Read more
Artax Biopharma showcase “clinical validation” Ph2a data for AX-158 (Nck modulator) in plaque psoriasis
Small molecule, plaque psoriasis - Read more
Coherus BioSciences delivers final Ph2 data for casdozokitug (IL-27 inhibitor) in combo with atezolizumab/bevacizumab in treating metastatic liver cancer
Monoclonal antibody, liver cancer - Read more
Salubris Biotherapeutics touts positive interm Ph2 data for JK07 (ErbB4 agonist) in heart failure with reduced and preserved ejection fraction
Recombinant fusion protein, heart failure - Read more
Anthos Therapeutics' abelacimab (Factor XI/XIa inhibitor) delivers positive Ph2 versus incumbent Xarelto (Bayer, Janssen) in reducing bleeding events in patients with atrial fibrillation
Small molecule, atrial fibrillation - Read more
Intellia Therapeutics doses first patient in Ph3 trial of gene-editing therapy NTLA-2002 (targeting kallikrein B1) for hereditary angioedema treatment
Gene-editing, hereditary angioedema, CRISPR - Read more
THE GOOD
Earnings & Finances
Cancer drug Darzalex becomes Johnson & Johnson's top seller at $11.7B annually, while depression treatment Spravato reaches $1.1B in sales
Monoclonal antibody, cancer, small molecule, depression - Read more
Samsung Biologics achieves record profits in 2024, with 18.5% increase in operating profit from contract drug manufacturing business
CDMO, contract manufacturing - Read more
Johnson & Johnson expects 3% growth despite Stelara biosimilar competition, banking on newer drugs like Tremfya to maintain sales momentum
Monoclonal antibody, plaque psoriasis, Crohn’s disease - Read more
THE GOOD
Fundraises
Lindus Health $55M Series B, clinical trial optimization platform making trials faster and more reliable
CRO, contract research - Read more
Disc Medicine $200M public offering, developing treatments for blood diseases
Small molecule, monoclonal antibody, erythropoietic protoporphyria, X-linked protoporphyria, anemia - Read more
Exsure Rs 3 Cr ($350K) Seed raise, exosome-enabled tech to reduced cancer med toxicity/side effects
Exosomes, cancer, drug delivery, side effect reduction - Read more
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⬇️ More Good News ⬇️
THE GOOD
IPOs
Chinese biotech firms Biokin Pharmaceutical and Bao Pharmaceuticals seek Hong Kong IPO listings amid growing domestic pharmaceutical industry influence
Antibody-drug conjugate, small molecule, cancer - Read more
Beta Bionics aims for $616M valuation in IPO, plans to sell 7.5M shares amid recovering medtech market
Medical device, type 1 diabetes, artificial pancreas - Read more
THE GOOD
Mergers & Acquisition
Crown Laboratories increases acquisition offer for Revance Therapeutics to $3.65 per share, extending tender deadline to February 4, 2025
Aesthetics, skin care, dermal filler - Read more
Vaxcell Bio acquires ALBiotek, gaining bispecific antibody platform and drug delivery technology to enhance cancer treatment development.
Bispecific antibody, cancer, drug deliver - Read more [Press release in Korean]
THE GOOD
Partnerships
IMMvention Therapeutix, Novo Nordisk partner to develop oral BACH1 inhibitors for sickle cell disease treatment
Small molecule, sickle cell disease, drug development - Read more
GI Innovation, LaNova Medicines partner to develop GI-102 and ADC combination therapy for pancreatic cancer treatment
Fusion protein, antibody-drug conjugate, pancreatic cancer, drug development - Read more
Conduit Pharmaceuticals, Agility Life Sciences partner to develop enhanced oral formulations for autoimmune drug pipeline
Drug delivery, autoimmune - Read more
THE GOOD
Politics & Policy
RFK Jr. promises to sell his CRISPR Therapeutics and Dragonfly Therapeutics investments if confirmed as HHS Secretary
Gene-editing, CRISPR, conflict of interest, Department of Health & Human Services - Read more
THE GOOD
Product Launches
Advarra launches digital platform combining Longboat portal with startup tools to accelerate clinical trial initiation and site-sponsor collaboration.
CRO, clinical trial initiation, clinical trial enrolment - Read more
THE GOOD
Opinions
Regeneron's CSO George Yancopoulos compares AI hype to unfulfilled stem cell promises, urging caution about revolutionary medical claims
Drug development, drug discovery, AI, hype - Read more
THE GOOD
Strategic Plans
Takeda adjusts R&D strategy amid economic changes, focusing on late-stage pipeline while adapting to new healthcare legislation.
Research & development - Read more
Incyte CEO outlines 18 key events for 2025, including four product launches and pivotal trial results, while seeking strategic deals.
Commercialization strategy - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Xilio Therapeutics' vilastobart (anti-CTLA-4) mixed Ph2 results in colorectal cancer sick stock by 30%
Monoclonal antibody, colorectal cancer - Read more
THE BAD
Earnings & Finances
Johnson & Johnson forecasts $2 billion sales drop due to Medicare Part D changes under Inflation Reduction Act's new drug pricing rules
Inflation reduction act, medicare, drug pricing - Read more
THE BAD
Lawsuits
Court rejects Vanda Pharamceuticals' claim that FDA violated the US Constitution by sharing drug specifications with generic competitors Lupin Pharmaceuticals and Teva Pharmaceuticals
Small molecule, schizophrenia, sleep disorder - Read more [Paywall]
THE BAD
Layoffs
Biogen drug discovery department layoffs
Drug discovery, neuropsychiatry - Read more
THE BAD
Mergers & Acquisition
Fosun International's $693 million buyout offer for remaining Henlius Biotech shares fails to secure shareholder approval
Antibody, biosimilar - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Adverse Events
Inhibrx Biosciences' colorectal cancer drug shows promising results but faces safety concerns after patient death in Ph1 trial
Tetravalent antibody, colorectal cancer - Read more
THE UGLY
Politics & Policy
Trump administration abruptly cancels multiple federal science meetings, including NIH grant reviews and vaccine advisory panels, causing concern
Meeting cancellations, scientific meeting - Read more
You’re all caught up on the latest Pharma & Biotech News!
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