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  • Biotech & Pharma Updates | March 5 - 6, 2025

Biotech & Pharma Updates | March 5 - 6, 2025

UK's NICE rejects Biogen/Eisai's Leqembi and Eli Lilly's Kisunla for Alzheimer's disease, Neurotech nabs FDA approval for encapsulated cell therapy for macular telangiectasia type 2, Frazier Life Sciences raising new venture fund (XII), federal court approves $700M settlement from various drug companies to 1,000+ hospitals over opioid misconduct allegations, Novo Nordisk to investigate potential of GLP-1 drugs in treating addiction + 29 more stories

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⬇️ The Good News ⬇️

THE GOOD
Approvals & Labels

ARS Pharmaceuticals' Neffy (epinephrine nasal spray) lands FDA approval for treating anaphylaxis in children 4+ years weighing 15-30kg
Small molecule, anaphylaxis, allergic reaction, nasal spray, drug delivery - Read more

Biocon Pharma receives two FDA approvals, one each for for lenalidomide (targeting CRBN) and dasatinib (tyrosine kinase inhibitor)
Small molecule, lymphoma, anemia, myelodysplastic syndrome, cancer, leukemia, generic - Read more

Neurotech nabs FDA approval for Encelto (ciliary neurotrophic factor delivery) encapsulated cell therapy for macular telangiectasia type 2 (MacTel)
Cell therapy, macular telangiectasia type 2 (MacTel), encapsulated delivery, drug delivery - Read more

THE GOOD
Business Development

Nhwa Pharmaceutical invests $3.5M for 10.448% stake in Neuro3 Therapeutics
Small molecule, Parkinson's disease, epilepsy, pain - Read more [Press release in Chinese]

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⬇️ More Good News ⬇️

THE GOOD
Clinical Trials

Luxa Biotechnology's RPESC-RPE-4W cell therapy shows vision improvement in Ph1/2a trial for dry age-related macular degeneration patients.
Cell therapy, age-related macular Degeneration (AMD), stem cell-derived therapy -Read more

ITM's 177Lu-edotreotide delivers positive topline Ph3 data in treating neuroendocrine tumors
Radiopharm, neuroendocrine tumor, cancer - Read more

Tris Pharma's showcases positive Ph2 data for cebranopadol (mu-type opioid receptor) for moderate-to-severe acute pain following bunionectomy surgery; FDA submission planned
Small molecule, pain following bunionectomy surgery - Read more

Laminar Pharma touts positive Ph2 data for LAM561 (SGMS1 stimulant) for newly diagnosed glioblastoma with MGMT-methylation, when combined with chemoradiotherapy
Small molecule, glioblastoma, cancer - Read more

THE GOOD
Fundraises

Frazier Life Sciences raising new venture fund (XII) following $987M FLS XI
Venture capital - Read more [Paywall]

Ataraxis AI $20.4M Series A, AI precision medicine company developing next-gen cancer prognosis and treatment selection tools
Precision medicine, AI, clinical outcome prediction, breast cancer, cancer detection/screening - Read more

hema.to €3.6M ($3.9M) funding, digital medtech company advancing blood cancer diagnostics and immune disorders.
Cancer, diagnostics - Read more

Innovate UK £14M+ ($18M+) investment in 29 projects to transform sustainable UK medicines manufacturing
Company creation/building, sustainability - Read more

THE GOOD
IPOs

Kestra Medical Technologies prices upsized IPO at $17 per share, hoping to raise $202M before expenses
Virtual healthcare, medical device, wearable device - Read more

THE GOOD
Lawsuits

Court approves $700M settlement from drug companies to 1,000+ hospitals over opioid misconduct allegations
Opioid epidemic - Read more

THE GOOD
Mergers & Acquisition

Momentum Biotechnologies acquires OmicScouts, expanding its mass spectrometry-based drug discovery services into Europe
Drug discovery, mass spectrometry, proteomics, high-throughput screening - Read more

Cold Chain Technologies acquires Global Cold Chain Solutions, expanding its thermal packaging capabilities in Australia and India
Supply chain, cold chain - Read more

Supreme Group acquires Kadiko, its seventh acquisition, expanding AI-enhanced digital marketing capabilities for healthcare and life sciences brands
Drug marketing, life science marketing, AI - Read more

Walgreens to be acquired by Sycamore Partners for $10B, going private at $11.45 per share
Pharmacy, take-private deal - Read more

CVS Health sells Medicare Shared Savings Program to Wellvana, making Wellvana a major value-based care support company
Centers for Medicare and Medicaid Services (CMS) - Read more

THE GOOD
Partnerships

Astellas Pharma, YASKAWA, establishing joint venture for cell therapy manufacturing platform using Maholo robot
Cell therapy, cell therapy manufacturing, automated manufacturing, manufacturing platform - Read more

Alfresa Holdings, Minaris Regenerative Medicine, collaborate on cell therapy development and manufacturing in Japan
CDMO (Contract Development & Manufacturing Organization), cell therapy, cell therapy manufacturing - Read more

THE GOOD
Strategic Plans

Novo Nordisk's rare disease unit awaits late-stage trial data on etavopivat for sickle cell disease next year after $1.1B Forma acquisition
Small molecule, sickle cell disease - Read more [Paywall]

Novo Nordisk to investigate potential of GLP-1 drugs like Ozempic and Wegovy in treating addiction
GLP-1, addiction - Read more

Merck KGaA expects minimal impact from Trump's China tariffs, thanks to earlier supply chain regionalization efforts
Supply chain, domestic manufacturing, tariffs - Read more [Paywall]

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⬇️ The Bad News ⬇️

THE BAD
Approvals & Labels

UK's NICE rejected Biogen and Eisai's Leqembi (targeting amyloid beta) and Eli Lilly's Kisunla (targeting amyloid beta) for Alzheimer's disease, deeming them not cost-effective despite regulatory approvals
Monoclonal antibody, Alzheimer's disease - Read more

THE BAD
Clinical Trials

Denali Therapeutics' DNL343 (target eIF2B) failed to slow amyotrophic lateral sclerosis progression in Ph2/3 trial
Small molecule, amyotrophic lateral sclerosis (ALS/Lou Gehrig's disease) - Read more

Merck KGaA's enpatoran (TLR7/8 antagonist) misses Ph2 primary endpoint in systemic lupus erythematosus, but may advance due to subgroup responses
Small molecule, lupus erythematosus - Read more

THE BAD
Lawsuits

German court rules Pfizer and BioNTech violated Moderna's COVID-19 vaccine patent, orders compensation
Patent suit, vaccine, COVID-19, vaccine suit - Read more

On the other side of the pond, US Patent Office invalidates two Moderna COVID-19 vaccine patents amid infringement lawsuit against Pfizer and BioNTech
Patent suit, vaccine, COVID-19, vaccine suit - Read more

THE BAD
Mergers & Acquisitions

Merck KGaA may be stalling on SpringWorks acquisition, though says talks are ongoing
M&A strategy, big pharma strategy - Read more

Relief Therapeutics ends merger talks with Renexxion after key conditions weren't met within required timeframe
Rare disease, dermatological disorders, metabolic disease, respiratory disease - Read more

THE BAD
Politics & Policy

Bhattacharya, Trump's NIH nominee, faced Senate questions on vaccine skepticism and research funding during confirmation hearing
Vaccine, political appointee, public trust, public health policy, NIH - Read more

THE BAD
Strategic Plans

Zymeworks changes course, suspending development of ZW220 (targeting NaPi2b) to focus on ZW251 (targeting GPC3) for hepatocellular carcinoma
Antibody-drug conjugate (ADC), cancer, hepatocellular carcinoma - Read more

⬇️ The Ugly News ⬇️

THE UGLY
Politics & Policy

RFK Jr.'s decision to limit public comment on HHS rules faces opposition from patient groups pushing for transparency
Public health policy - Read more [Paywall]

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

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