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✅ The Good News ✅
THE GOOD
Approvals & Labels
Haihe Biopharma's Haizexin (risovalisib mesylate) wins Japan approval for PIK3CA-mutated ovarian clear cell carcinoma following Ph2 data
Small molecule, cancer, PI3K inhibitor, ovarian cancer, PIK3CA mutation - Read more
THE GOOD
Business Development & Partnerships
Sanofi, Kali Therapeutics partner on autoimmune tri-specific antibody KT501, $180M upfront, $1.05B milestones
Licensing deal, autoimmune, antibody, milestone payments - Read more
BMS, insitro expand AI-powered ALS partnership with two new targets, triggering $10M milestone
Research collaboration, neurological, AI/ML, small molecule, milestone payments - Read more
Everest Medicines, Corxel Pharmaceuticals asset purchase agreement for CARDAMYST nasal spray, $30M upfront, $20M milestones
Asset purchase agreement, cardiovascular, nasal spray, milestone payments, commercialization - Read more
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✅ More Good News ✅
THE GOOD
Clinical Trials
Insmed's Arikayce hits Ph3 endpoints for Mycobacterium avium complex lung infection label expansion
Antibiotic, infectious disease, inhaled therapy, MAC lung infection, culture conversion - Read more
Apogee Therapeutics' zumilokibart (IL-13 inhibitor) meets Ph2 maintenance goals for atopic dermatitis treatment
Antibody, autoimmune, monoclonal antibody, atopic dermatitis, IL-13 target - Read more
Prestige Biopharma's HD204 (bevacizumab) biosimilar meets Ph3 endpoints for non-small cell lung cancer treatment
Antibody, cancer, biosimilar, non-small cell lung cancer, bevacizumab, VEGF inhibitor - Read more
Innovent Biologics' efdamrofusp alfa (IBI302) meets Ph3 primary endpoint for neovascular age-related macular degeneration in China
Protein therapy, ophthalmology, VEGFR fusion protein, neovascular age-related macular degeneration, extended-interval dosing - Read more
THE GOOD
Earnings & Finances
WuXi AppTec US revenue surges 34% to $4.5B, now comprises 72% of total sales
Contract research organization, strategic, financial, operational - Read more [Paywall]
THE GOOD
Fundraises
Oryon Cell Therapies raises $42M Series A, Parkinson's cell therapy replacing dopaminergic neurons
Cell therapy, Parkinson's disease, neurological, autologous therapy - Read more
Laigo Bio raises €17M ($19.68M) seed round for precision membrane protein degraders
Protein degradation, oncology, autoimmune, antibody, preclinical - Read more
Congruence Therapeutics raises $39.5M funding, clinical-stage small molecule correctors platform
Clinical-stage, small molecule, platform technology, rare disease, neurological - Read more
THE GOOD
Investments
Novartis commits $480M to expand manufacturing in Beijing and R&D operations in Shanghai, China
Manufacturing, strategic, major transaction, operational - Read more
THE GOOD
Mergers & Acquisitions
Gilead Sciences to acquire Ouro Medicines for first-in-class T cell engager autoimmune disease program
T cell engager, autoimmune, strategic, major transaction - Read more
THE GOOD
Product Launches
Insilico Medicine launches PandaClaw AI agent to accelerate drug discovery and target identification processes
AI drug discovery, multi-therapeutic, operational, strategic - Read more
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❌ The Bad News ❌
THE BAD
Lawsuits
EyePoint sues Ocular Therapeutix for alleged defamation campaign over competing retina drugs Duravyu and Axpaxli
Intravitreal insert, ophthalmology, competitive, operational - Read more
THE BAD
Regulatory
FDA schedules June hearing to gather public feedback on controversial national priority voucher program
Regulatory, operational, strategic, competitive - Read more
THE BAD
Strategic Plans
Pfizer and Valneva plan regulatory approval for LB6V Lyme disease vaccine despite mixed Ph3 results
Vaccine, infectious disease, Lyme disease, tick-borne disease - 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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