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- Biotech & Pharma Updates | January 22 - 23, 2025
Biotech & Pharma Updates | January 22 - 23, 2025
Retro Biosciences aiming for a $1B fundraise, AstraZeneca invests CAD 820M ($572M) in expanding Toronto operations site + creating 700 jobs, another Chinese drug developer (Ab&B Bio-Tech) files for a Hong Kong IPO, Teva Pharmaceuticals’ Copaxone gets a black-box safety warning due to severe allergic reaction risk + 21 more stories

Retro Biosciences has lofty AI-fueled ambitions for a $1B fundraise and plans to push an asset into clinical trials “this year”. | Gif: BestinMiniature on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Kelun-Biotech's Tagitanlimab (PD-L1 inhibitor) lands Chinese NMPA approval for first-line treatment of metastatic nasopharyngeal cancer, in combo with cisplatin/gemcitabine
Monoclonal antibody, nasopharyngeal cancer - Read more
THE GOOD
Business Development
As part of Exicure’s acquisition of GPCR Therapeutics' US business unit, former also acquires clinical-stage blood cancer asset burixafor (CXCR4 inhibitor)
Small molecule, myeloma, lymphoma, cancer - Read more
THE GOOD
Clinical Trials
Valneva touts positive Ph2 data for their Ixchiq vaccine in children against chikungunya virus
Vaccine, chikungunya virus infection - Read more
Vigil Neuroscience's showcases “promising” Ph1 results for VG-3927 (TREM2 agonist) in Alzheimer's disease
Small molecule, Alzheimer’s disease - Read more
Aro Biotherapeutics begins Ph1b trial of ABX1100 (targeting Gys1 gene) for late-onset Pompe disease treatment
Protein-siRNA conjugate, Pompe disease - Read more
THE GOOD
Company Launches
New trade group Association of Multisite Research Corporations launches to represent 14 clinical research orgs with 400+ sites and 7,000+ staff globally
CRO, contract research, trade organization - Read more
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⬇️ More Good News ⬇️
THE GOOD
Fundraises
Retro Biosciences has lofty ambitions for a $1B fundraise and plans to push an asset into clinical trials “this year”
Protein, Alzheimer’s disease, longevity, AI - Read more
Madrona $770M Fund X and Acceleration Fund IV, AI and software focused VC with interest in life science
Venture capital, Life science investing, AI, software - Read more
TargetRx $50M Series C, developing small molecules cancer therapies
Small molecule, myeloid leukemia, lung cancer - Read more
Sen-Jam Pharmaceutical undisclosed amount strategic investment from 5 Horizons Capitals, developing meds for inflammation and metabolic disorders
Small molecule, inflammation, metabolic disorders, hangover prevention(?) - Read more
THE GOOD
Investments
AstraZeneca invests CAD 820M ($572M) in expanding Toronto operations site, creating 700 jobs to support global growth targets
Big pharma, site expansion - Read more
THE GOOD
IPOs
Chinese vaccine maker Ab&B Bio-Tech files Hong Kong IPO to fund flu and rabies vaccines development
Vaccine, influenza (flu), rabies infection - Read more
THE GOOD
Lawsuits
Purdue Pharma and Sackler family up their proposed Oxycontin/opioid crisis settlement to $7.4B
Opioid crisis, opioid epidemic - Read more
THE GOOD
Mergers & Acquisition
Exicure acquires GPCR Therapeutics' US business unit and blood cancer clinical asset burixafor (CXCR4 inhibitor)
Small molecule, myeloma, lymphoma, cancer - Read more
Joinn Biologics acquires Lonza's 183,000-square-foot biologics plant in Guangzhou, expanding its presence in China's Greater Bay Area
CDMO, contract manufacturing, site acquisition - Read more
THE GOOD
Partnerships
AbbVie, Neomorph $1.64B partnership to develop molecular glue degraders for oncology and immunology targets
Small molecule, cancer, immunology, molecular glue, drug development - Read more
Catalent, Galapagos partner on to support decentralized CAR-T therapy manufacturing for non-Hodgkin lymphoma clinical trials
Cell therapy, cancer, decentralized manufacturing, CAR-T - Read more
Genethon, Eukarÿs partner to reduce gene therapy costs through combined AAV and mRNA technologies
Gene therapy, mRNA, AAV, biomanufacturing, drug pricing - Read more
Altamira Therapeutics and an undisclosed radiopharmaceutical organization partner on testing RNA delivery platform for targeted cancer radiopharmaceutical delivery
Radiopharm, RNA, cancer, drug delivery - Read more
THE GOOD
Research
Princeton researchers develop copper-detection probe, revealing potential copper chelation treatment for specific types of lung cancer
Copper chelation treatment, lung cancer - Read more
Scientists complete final synthetic yeast chromosome in bid to build world’s first synthetic yeast genome
Synthetic genome, synthetic biology - Read more
THE GOOD
Strategic Plans
Isomorphic Labs plans to begin clinical trials of AI-designed drugs in 2025, aiming to accelerate drug discovery significantly
Drug delivery, drug design, AI - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
Stealth BioTherapeutics' elamipretide FDA decision for Barth syndrome hits delay
Tetrapeptide, Barth syndrome - Read more
THE BAD
Politics & Policy
RFK Jr. faces conflict-of-interest concerns over continued referral fees from lawsuits against Merck & Co. while seeking HHS secretary position
Vaccine, vaccine marketing, referral fees, conflict of interest - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Adverse Events
FDA adds black-box safety warning to Teva Pharmaceuticals’ Copaxone, citing risk of potentially severe/life-threatening allergic reaction risks
Peptide, multiple sclerosis, allergic reaction, blackbox warning - Read more
THE UGLY
Politics & Policy
Trump administration halts federal health agency communications, requiring approval for all public messages and posts
Health agency, public communications - Read more
You’re all caught up on the latest Pharma & Biotech News!

How I’m feeling after this week of news (healthcare and otherwise). | Gif: MickeyMouse on Giphy
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