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- Biotech & Pharma Updates | March 2 - 3, 2025
Biotech & Pharma Updates | March 2 - 3, 2025
AbbVie finally joins the obesity foray (paying Gubra $350M upfront), Novo Nordisk & Gensaic partner to development cardiometabolic therapies using AI-enabled FORGE technology, Callio Therapeutics launches with a $187M Series A and multi-payload ADC aspirations to fight cancer, Lexicon pushes ahead with pilavapadin Ph3 despite failing in Ph2b, top HHS spokesperson abrupt resignation after alleged clashes with RFK Jr. + 28 more stories

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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Roche, Genetech's TNKase (tissue plasminogen activator) lands FDA approval for acute ischemic stroke
Enzyme, ischemic stroke, heart attack - Read more
Krystal Biotech receives positive CHMP opinion for Vyjuvek (beremagene geperpavec-svdt) for treating dystrophic epidermolysis bullosa patients with COL7A1 mutations
Gene therapy, dystrophic epidermolysis bullosa, herpes simplex virus (HSV) - Read more
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Chinese Biotech Ecosystem - what do you want to know?

It's a unique time to be attending a Chinese biotech conference - the BIOSECURE Act, the current US political climate, and pharma's increasing interest in licensing China-originating assets should make for an interesting event.
From my attendance, I'll be putting together a report on the Chinese biotech space for TLDR Biotech - but this is where I need your help:
What questions do you have about this unique ecosystem? What do you want to know?
I'll try my best to answer these questions in this report - send me your questions in an email to [email protected] (if you’re received this newsletter in an email, just hit reply!).
Or even better - if you/your company is attending, let me know! Would be great to meet at the event.
⬇️ More Good News ⬇️
THE GOOD
Business Development
Novartis in-licenses Kyorin Pharmaceutical's KRP-M223 (MRGPRX2 antagonist) for $55M upfront, potentially $777M total
Small molecule, chronic spontaneous urticaria - Read more
AbbVie jumps into the obesity foray, paying Gubra $350M upfront (+ up to $1.9B in biobucks) for once-weekly obesity hopeful GUB014295 (amylin, calcitonin receptor agonist)
Amylin analogues, obesity - Read more
THE GOOD
Clinical Trials
Protagonist Therapeutics and Takeda's injectable rusfertide (hepcidin peptide mimetic) delivers Ph3 success, targeting excess red blood cells in polycythemia vera patients
Peptide mimetic, polycythemia vera, cancer - Read more
Roche's injectable Xolair (anti-IgE) outperforms oral competitor in Ph3 trial for multiple food allergies
Monoclonal antibody, food allergy - Read more
Celldex Therapeutics’ barzolvolimab (KIT inhibitor) delivers positive Ph2 data in chronic urticaria
Monoclonal antibody, chronic urticaria - Read more
Daiichi Sankyo and AstraZeneca's Enhertu (HER2-directed ADC) touts superior survival in Ph3 trial versus Eli Lilly's VEGFR2 inhibitor Cyramza in second-line HER2+ gastric cancer
Antibody-drug conjugate (ADC), gastric cancer - Read more
Voyager Therapeutics' showcases promising Ph1 data for VY7523 (anti-tau) in Alzheimer's disease
Monoclonal antibody, Alzheimer's disease - Read more
THE GOOD
Company Launches
Callio Therapeutics launches with $187M Series A, developing multi-payload antibody-drug conjugates to improve cancer therapy
Antibody-drug conjugate (ADC), cancer - Read more
THE GOOD
Fundraises
Nuvation Bio $250M non-dilutive financing, funding future commercialization efforts of taletrectinib (targeting ROS1) if approved
Small molecule, lung cancer - Read more
Myosin Therapeutics $3M second seed round, developing novel therapies for cancer and neurological disorders using molecular nanomotor-targeting compounds
Small molecule, glioblastoma, cancer - Read more
Pulnovo Medical $100M Series C, develoing medical devices for pulmonary hypertension and heart failure
Medical device, pulmonary hypertension, heart failure - Read more
Biocomposites undisclosed investment from Novo Holdings and TA Associates investment, medical devices company expanding operations and R&D
Biocomposites, medical device - Read more
SimCare AI $2M Seed raise, utilizing AI patient personas to train clinical skills
Clinical skills, clinical training, AI - Read more
Faks raises €6M ($6.47M) to centralize and streamline digital services for pharmacies.
Software, pharmacy operations - Read more
THE GOOD
Market Reports
GSK's higher-priced COPD inhalers justified, according to ICER, due to advantages over generics
Small molecule, chronic obstructive pulmonary disease (COPD), generic - Read more
THE GOOD
Mergers & Acquisition
Blackstone acquires 60% stake in Japanese CRO CMIC
CRO (Contract Research Organization), private equity investment - Read more (Paywall)
Boston Scientific acquires SoniVie for $540M, entering renal denervation market
Medical device, renal denervation, hypertension - Read more
THE GOOD
Partnerships
Proteotype Diagnostics, Five Alarm Bio collaborate to study biomarkers for cellular senescence to advance anti-aging treatments
Diagnostics, biomarker, research & development - Read more
Novo Nordisk, Gensaic partner to development cardiometabolic therapies using AI-enabled FORGE technology
Protein, drug discovery, drug development, platform technology, cardiometabolic disease, drug delivery - Read more
THE GOOD
Product Launches
IN8bio unveils INB-600, a gamma-delta T cell platform for cancer and autoimmune diseases with improved efficacy
Cell therapy, platform technology, cancer, autoimmune disease, gamma-delta T cell therapy, T-cell engager - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
Australia rejects Eisai and Biogen's Leqembi (anti-beta amyloid) for mild Alzheimer's disease, citing safety concerns outweighing efficacy
Monoclonal antibody, Alzheimer's disease, Alzheimer's dementia - Read more
THE BAD
Business Development
Sanofi returns immune checkpoint inhibitor BND-22 (ILT2 antagonist) to Biond Biologics, citing R&D prioritization, despite promising phase 1 results
Monoclonal antibody, cancer, solid tumor - Read more
THE BAD
Clinical Trials
Lexicon Pharmaceuticals advances pilavapadin (AAK1 inhibitor) to Ph3 trials for diabetes-related pain - despite not beating failing in Ph2b
Small molecule, pain, non-opioid pain, diabetes-related pain - Read more
Biohaven Pharmaceutical's BHV-7000 (Kv7.2/7.3 potassium channel activator) flops in Ph3 trial for bipolar mania
Small molecule, bipolar disorder, bipolar mania - Read more
Pliant Therapeutics discontinues Ph2b/3 trial of bexotegrast (αvβ6, αvβ1 integrins inhibitor) in idiopathic pulmonary fibrosis due to safety imbalance between treatment and placebo groups
Small molecule, Idiopathic pulmonary fibrosis - Read more
Neumora Therapeutics pauses two Ph3 trials of navacaprant for major depressive disorder after earlier Ph3 failure, implementing study design changes
Small molecule, major depressive disorder - Read more
THE BAD
Mergers & Acquisition
Vincerx Pharma faces uncertain future after Oqory reverse merger collapses, threatening cash reserves
Antibody-drug conjugate (ADC), cancer, solid tumor - Read more
THE BAD
Patient Access
Indian pharma companies warn Trump's tariff threats could raise US drug prices without relocating manufacturing
Generic, drug pricing, tariffs - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Criminal Acts
DOJ investigates Semler Scientific's QuantaFlo test marketing, which led to PAD diagnoses increasing UnitedHealth's government reimbursements
Peripheral artery disease, fraud, diagnostics - Read more [Paywall]
THE UGLY
Politics & Policy
HHS spokesman Thomas Corry abruptly resigns amid tensions with Secretary RFK Jr. and his team
US Department of Health & Human Services (HHS), political appointee - Read more [Paywall]
THE UGLY
Public Health
Trump administration ends 5,800 USAID contracts, cutting HIV, polio, and malaria programmes in impoverished African communities
Low- and middle-income countries, polio, malaria, human immunodeficiency virus (HIV) - Read more
You’re all caught up on the latest Pharma & Biotech News!

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