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  • Biotech & Pharma Updates | March 10 - 11, 2025

Biotech & Pharma Updates | March 10 - 11, 2025

Zealand finds an obesity partner in Roche, 2seventy and it's CAR-T asset scooped up by BMS, Merck & Co. opens a $1B vaccine plant in North Carolina, Illumina earnings bleed at China import ban cuts deep, Roche absorbs gene therapy innovator Spark Therapeutics with $2.4B impairment charge + 25 more stories

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⬇️ The Good News ⬇️

THE GOOD
Approvals & Labels

Siemens Healthineers receives FDA clearance for two new photon-counting CT scanners, expanding their Naeotom Alpha family for more detailed imaging
CT imaging - Read more

THE GOOD
Business Development

Endo sells international pharmaceutical business to Knight Therapeutics for up to $99M as part of restructuring effort
Divestiture, opioid - Read more

Coherus sees 30% of their staff (50 employees) move to Intas following $483.4M Udenyca (targeting G-CSF; Neulasta biosimilar, Amgen) sale
Staff transfer, biosimilar, pegylated peptide, febrile neutropenia, acute radiation syndrome - Read more

Viking Therapeutics pays $150M to secure CordenPharma's production capacity for obesity hopeful VK2735 (targeting GLP-1, GIP)
Supply chain, drug supply deal, GLP-1, obesity - Read more

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⬇️ More Good News ⬇️

THE GOOD
Clinical Trials

CervoMed delivers positive Ph2b data for neflamapimod (p38 alpha inhibitor) in dementia with Lewy bodies
Small molecule, dementia with Lewy bodies - Read more

Gilead Sciences' lenacapavir, shows promise as once-yearly PrEP in a small Ph1 trial
Prophylaxis, small molecule, human immunodeficiency virus (HIV) - Read more

Protagonist Therapeutics and Johnson & Johnson's icotrokinra (IL-23 receptor antagonist) delivers positive results in Ph2b study for ulcerative colitis
Small molecule, ulcerative colitis - Read more

THE GOOD
Fundraises

Mineralys Therapeutics $250M public offering, developing medicines for hypertension, CKD, OSA and other aldosterone-related diseases
Small molecule, hypertension, chronic kidney disease, sleep apnea - Read more

Neuromod $10.8M Series B expansion, commercializing tinnitus treatment device Lenire in US and Europe.
Medical device, tinnitus - Read more

MSInsight €1.6M ($1.75M) Seed, precision medicine in oncology for regulatory clinical validation
Precision medicine, cancer detection/screening, AI, bioinformatics - Read more

Acurx Pharmaceuticals $1.1M registered direct offering, developing novel antibiotics for difficult-to-treat bacterial infections
Small molecule, antibiotic, bacterial infection - Read more

THE GOOD
Investments

Merck & Co. opens $1B vaccine plant in North Carolina, part of its $20B investment in US manufacturing by 2028
Vaccine, new facility, vaccine manufacturing - Read more

Almac opens $83.7M UK plant for oral treatments, enhancing capacity for oncology therapies and patient-centric drugs
CDMO (Contract Development & Manufacturing Organization), new facility, oral manufacturing - Read more

Entos Pharmaceuticals secures $77.5M from Canadian and Alberta governments for $198.5M biomanufacturing facility in Edmonton to advance Fusogenix PLV therapeutics
Biomanufacturing, facility build, public funding, drug delivery - Read more

THE GOOD
Lawsuits

Judge dismisses 200+ lawsuits against Merck, ruling Gardasil vaccine warnings couldn't be changed without stronger evidence
Vaccine, cervical cancer, vaccine suit - Read more

THE GOOD
Marketing

Innovaderm Research rebrands as Indero, expanding focus from dermatology to include rheumatology due to overlapping immune-mediated conditions
CRO (Contract Research Organization), rebrand - Read more

THE GOOD
Mergers & Acquisition

Bristol Myers Squibbs acquires 2seventy bio, gaining full rights to Abecma (targeting BCMA) CAR-T therapy, for $286 million
Cell therapy, CAR-T, cancer - Read more

Archimed acquires BioVendor Group, a developer of diagnostic products with operations across Europe
Immunoassays, diagnostics - Read more

THE GOOD
Partnerships

Saniona, Boehringer Ingelheim extend ion channel research collaboration for developing schizophrenia cognitive impairment treatments
Research & Development, drug discovery, schizophrenia - Read more

NEC Corporation, DEJIMA Infectious Disease Research Alliance, CEPI, partnership to develop tick-borne virus vaccine using AI and Nanoball technology
Vaccine, drug development, severe fever with thrombocytopenia syndrome (SFTS), research & development, drug delivery, AI - Read more

Zealand Pharma, Roche partner to develop and (eventually) co-commercialize petrelintide for obesity treatment with $1.65B upfront and profit-sharing agreement
Peptide, obesity, drug development, commercialization - Read more

RoslinCT, Ayrmid strategic partnership for manufacturing FDA-approved cell therapy Omisirge at RoslinCT's Massachusetts facility
CDMO (Contract Development & Manufacturing Organization), cell therapy manufacturing, stem cell-derived therapy, allogeneic cell therapy, cell therapy, cancer, manufacturing partnership - Read more

THE GOOD
Politics & Policy

DOGE chainsaw spares FDA's medical product review units (for now)
Food & Drug Administration (FDA), drug approval process, facility inspection - Re ad more [Paywall]

THE GOOD
Product Launches

Boehringer Ingelheim launches One Medicine Platform using Veeva's technology to unify data and accelerate drug development
Drug development, platform technology, software - Read more

THE GOOD
Research

CU Anschutz researchers develop enhanced CAR-T cell therapy (ALA-CART) to better target resistant cancer cells
Cell therapy, CAR-T, cancer - Read more

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⬇️ The Bad News ⬇️

THE BAD
Clinical Trials

Pfizer and Arvinas's vepdegestrant (targeting ER) delivers limited mixed Ph3 results, progression-free survival improvement only found in ESR1-mutated breast cancer patients, but not in overall trial population
Small molecule, breast cancer - Read more

THE BAD
Earnings & Finances

Illumina cuts $100 million in costs and lowers 2025 profit outlook after China bans imports of its genetic sequencers amid trade tensions
Next-generation sequencing (NGS), diagnostics - Read more

THE BAD
Layoffs

Inozyme Pharma reduces workforce by 25%
ENPP1 deficiency, ABCC6 deficiency, enzyme - Read more

THE BAD
Regulatory

FDA pauses action against compounders making Wegovy copies until court rules on challenge to semaglutide's removal from shortage list
Compounding, GLP-1, obesity - Read more

THE BAD
Strategic Plans

Roche reorganizing and absorbing Spark Therapeutics with $2.4B impairment
Gene therapy, big pharma earnings, impairment charge - Read more

⬇️ The Ugly News ⬇️

THE UGLY
No Ugly News Today!

You’re all caught up on the latest Pharma & Biotech News!

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