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- Biotech & Pharma Updates | July 29 - 30, 2024
Biotech & Pharma Updates | July 29 - 30, 2024
BioNTech & Regeneron's mRNA cancer combo reports positive Ph2 data, Merck & Co. takes earnings hit after surprise Gardasil sales slowdown in China, Roche kicks off injectable GLP-1 Ph2 trial, Pfizer looks back on track with recent earnings report, and GLP-1s may help combat smoking
After a bumpy few years, Pfizer’s recent earnings telegraph better days ahead. | Gif: soultrain on Giphy
All the top Biotech & Pharma news in one daily newsletter.
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Vertex Pharmaceuticals non-opioid pain med NDA accepted by FDA
Small molecule, moderate to severe pain - Read more
Novartis myeloid leukemia med lands FDA priority review
Small molecule, myeloid leukemia, cancer - Read more
Roche’s Vabysmo snags third indication via EC (Europe) go-ahead
Small molecule, retinal vein occlusion - Read more
Stallergenes Greer’s peanut allergy immunotherapy naps indication extension from FDA
Allergen powder, immunotherapy, peanut allergy - Read more
Amneal Pharmaceuticals ready-to-use saline bag NDA approved by FDA
Small molecule, compounding - Read more
THE GOOD
Clinical Trials
BioNTech, Regeneron mRNA cancer med combo does well in Ph2
mRNA, melanoma, cancer - Read more
Roche kicks off on Ph2 obesity injectable trial, stemming from $2.7B Carmot Therapeutics takeover earlier this year
GLP-1/GIP, obesity, weight loss - Read more
Celldex Therapeutics chronic hives antibody notches Ph2 win
Monoclonal antibody, hives, inducible urticaria - Read more
Novo Nordisk’s older GLP-1 drug (liraglutide) looks to slow Alzheimer’s-induced cognitive decline in Ph2b study
GLP-1, Alzheimer’s disease - Read more
Incyte plots PD-1 comeback with Ph2 trial win in anal cancer
Monoclonal antibody, anal cancer - Read more
Imunon stock skyrockets (but settles down again) after reporting positive Ph2 ovarian cancer data
DNA plasmid vector, nanoparticle delivery, ovarian cancer - Read more
Verastem Oncology pancreatic cancer small molecule combo lands FDA orphan drug designation
Small molecule, combo therapy, pancreatic cancer - Read more
Clearside Biomedical positive topline results in China macular edema Ph2
Small molecule, uveitic macular edema - Read more
Yamo Pharmaceuticals reports positive Ph2 data for autism disorder med
Small molecule, autism spectrum disorder - Read more
THE GOOD
Company Launches
Montara Therapeutics launches with $8M and goal of more targeted delivery of neurological therapeutics
Small molecule, neurological disorder, drug combo - Read more
THE GOOD
Earnings & Finances
Pfizer earnings offer hope for the rest of 2024, raises guidance - Read more
THE GOOD
Fundraises
Day One Biopharmaceuticals oversubscribed $175M private placement
Small molecule, pediatric cancer - Read more
Pinetree Therapeutics $17M Series A
Antibody, protein degrader, oncology, cancer - Read more
LTZ Therapeutics $20M Series A
Bispecific antibody, cancer, autoimmune - Read more
Shenzhen Synthetica Pioneering Series A (amount undisclosed)
Living bacterial therapeutics, solid tumor, cancer - Read more
THE GOOD
Product Launches
LineaBio launches off-the-shelf GMP iPSC lines
Induced pluripotent stem cells - Read more
THE GOOD
Research
GLP-1s may help address tobacco use disorder; study
GLP-1, diabetes, obesity, tobacco use disorder - Read more
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⬇️ The Bad News ⬇️
THE BAD
Company Shutdown
VBI Vaccines is restructuring and considering those dreaded “strategic alternatives”
Vaccine, COVID-19, zika virus, glioblastoma, cancer - Read more
THE BAD
Earnings & Finances
Merck & Co.’s stock takes significant hit after reporting surprise Gardasil sales slowdown in China
HPV vaccine, human papillomavirus infection - Read more
THE BAD
Regulatory
FDA raises drug filing application costs to $4.3M come October
New drug application - Read more
FDA rejects (again) Novartis’ Entresto generics petition
Small molecule, heart failure, generic - Read more [Paywall]
THE BAD
Strategic Plans
Incyte slims down pipeline, cutting multiple cancer assets in discovery and early clinical phases
Immunotherapy, monoclonal antibody, bispecific antibody - Read more
Pfizer fully cuts DMD program to the tune of a $230M loss, and cuts RSV combo vaccine program
Gene therapy, Duchenne muscular dystrophy (DMD), vaccine, respiratory syncytial virus (RSV), combo therapy - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Regulatory
South Korea’s MFDS hands out penalties to GSK on failing to report API changes to asthma med and confusing label on acne drug
Small molecule, drug labelling, API, asthma, acne - Read more
You’re all caught up on the latest Pharma & Biotech News!
It’s almost August? Are we already halfway through summer?? | Gif: thelonelyisland on Giphy
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