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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

Mad Come On GIF by UEFA

The CGT layoffs, unfortunately, don’t look to be stopping. | Gif: uefa

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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