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- Biotech & Pharma Updates | July 23 - 24, 2025
Biotech & Pharma Updates | July 23 - 24, 2025
🧬 3-peat of CGT layoffs, Eli Lilly goes in on molecular gates (up to $856M), and FDA (likely) wants new safety studies for Sarepta's Elevidys
All the top Biotech & Pharma news in one daily newsletter.
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✅ The Good News ✅
THE GOOD
Approvals & Labels
FDA approves Leo Pharma's Anzupgo, first Pan-JAK inhibitor for chronic hand eczema in adults
Small molecule, autoimmune, JAK inhibitor, chronic hand eczema, topical therapy, dermatology - Read more
European Commission approves GSK's Blenrep for relapsed multiple myeloma, targeting BCMA as second-line combination treatment
Antibody, cancer, antibody-drug conjugate, multiple myeloma, BCMA target, combination therapy - Read more
European Commission approves Ipsen's Cabometyx for advanced neuroendocrine tumors following TKI's superior Phase III efficacy data
Small molecule, cancer, tyrosine kinase inhibitor, neuroendocrine tumors, pancreatic cancer, rare disease - Read more
THE GOOD
Business Development & Partnerships
Eli Lilly and Gate Bioscience partner on molecular gate technology; deal worth up to $856M plus royalties
Licensing deal, small molecule, drug discovery, milestone payments, equity investment, R&D - Read more
Galapagos regains cell therapy rights from Gilead, creates subsidiary for potential sale; owes single-digit royalties
Read more - Acquisition, cell therapy, licensing deal, divestiture, milestone payments, oncology
Novartis partners with Matchpoint Therapeutics for inflammatory disease drug discovery, $60M upfront plus $1B in potential milestones
Licensing deal, inflammatory disease, drug discovery, small molecule, milestone payments, R&D - Read more
Kling Bio partners with Sanofi to accelerate antibody discovery using proprietary B cell platform for antiviral therapies
Research collaboration, licensing deal, infectious disease, antibody, drug discovery, R&D - Read more
MilliporeSigma, Washington University sign MoU to enhance research collaboration, accelerate lab-to-clinic translation
Research collaboration, technology development, R&D, academic-industry partnership, life sciences, healthcare innovation - Read more
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✅ More Good News ✅
THE GOOD
Clinical Trials
AstraZeneca's gefurulimab meets all Ph3 endpoints for myasthenia gravis, demonstrating C5 inhibitor's efficacy in autoimmune disease
Antibody, autoimmune, nanobody, myasthenia gravis, complement C5 inhibitor, subcutaneous administration - Read more
THE GOOD
Fundraises
Brandon Capital raises $290M for sixth BioCatalyst Fund supporting life sciences companies
Venture capital, life sciences, biotech investor, international focus - Read more
TCG Labs Soleil raises $400M funding to advance single-asset biotechs globally
Venture capital, biotech investment, R&D hub, clinical development, global operations - Read more
Abivax to raise $650M through public offering, developing chronic inflammatory disease therapeutics
Chronic inflammatory diseases, clinical-stage, immunotherapy, platform technology - Read more
Pharvaris raises $201.2M in public offering to develop oral bradykinin receptor antagonists for HAE
Rare disease, small molecule, clinical-stage, hereditary angioedema, autoimmune - Read more
Leads Biolabs raises $189M IPO, clinical-stage biotech funding trials and pipeline expansion
Clinical-stage, biotech, manufacturing, platform technology, preclinical - Read more
THE GOOD
Investments
German CDMO Sanner opens first US plant in North Carolina, expanding North American presence after recent acquisitions
Medical device CDMO, manufacturing expansion, operational, strategic - Read more
THE GOOD
Lawsuits
Viatris wins court ruling against Novo Nordisk in patent dispute over Wegovy generic
GLP-1 receptor agonist, obesity, diabetes, patent litigation, competitive, generic drug - Read more
THE GOOD
Mergers & Acquisitions
Bavarian Nordic confirms acquisition talks with private equity firms amid rising chikungunya outbreaks globally
Chikungunya vaccine, infectious disease, strategic, major transaction, competitive - Read more
THE GOOD
Strategic Plans
Roche considers bypassing PBMs with direct-to-patient sales in US amid drug pricing debates
Multiple sclerosis treatment, cancer, strategic, operational, pricing reform - Read more
❌ The Bad News ❌
THE BAD
Layoffs
Adicet Bio cuts 30% of staff, discontinues cancer cell therapy to prioritize autoimmune pipeline
Gamma delta CAR-T, autoimmune, oncology, strategic, operational, cost reduction - Read more
Rocket Pharmaceuticals cuts 30% of staff, prioritizes cardiovascular gene therapies amid clinical hold and regulatory challenges
Gene therapy, cardiovascular, strategic, financial, operational - Read more
Tessera Therapeutics cuts 17% of workforce in second layoff amid ongoing financial struggles
Gene therapy, strategic, cost reduction, financial challenges - Read more
THE BAD
Market Reports
Deloitte survey: Tariffs and pricing policies create pivotal moment for life sciences companies
Healthcare policy, pricing policy, strategic, operational, financial impact - Read more
THE BAD
Strategic Plans
Galapagos explores selling its cell therapy business after backtracking on company split plan
Divestiture, cell therapy, strategic alternatives, business restructuring - Read more
Roche discontinues CT-173 PYY analog for obesity treatment in preclinical phase, citing competitive market challenges
Small molecule, metabolic, peptide therapy, obesity, GLP-1/GIP pathway, pipeline discontinuation - Read more
👹 The Ugly News 👹
THE UGLY
Regulatory
FDA may ask for new safety analyses from Sarepta Therapeutics for paused DMD gene therapy Elevidys
Gene therapy, duchenne muscular dystrophy, rare disease, regulatory, operational - Read more
You’re all caught up on the latest Pharma & Biotech News!

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