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- Biotech & Pharma Updates | May 4 - 5, 2025
Biotech & Pharma Updates | May 4 - 5, 2025
European Commission pledges €500M ($568M) in research funding to attract scientists amid US funding cuts, Deerfield Management raises $600M Healthcare Innovations Fund to invest in therapeutics and AI, Novo Nordisk's oral Wegovy (semaglutide) formulation awaits FDA approval decision by Q4, Bristol Myers Squibb cutting 516 more jobs in New Jersey + 31 more stories
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✅ The Good News ✅
THE GOOD
Approvals & Labels
Novo Nordisk's oral Wegovy (semaglutide), a GLP-1 receptor agonist for weight management in obesity, awaits FDA approval by Q4 based on Ph3 trial results
GLP-1, obesity, oral formulation, drug approval process - Read more
Element Science's Jewel wearable cardioverter defibrillator system receives FDA approval for patients with elevated risk of sudden cardiac arrest
Medical device, wearable device, defibrillator - Read more
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✅ More Good News ✅
THE GOOD
Clinical Trials
Topas Therapeutics reports promising results from Ph1 trial of nanoparticle tolerance induction therapy for celiac disease
Peptide, nanoparticle, celiac disease - Read more
Unity Bio's UBX1325 (targeting Bcl-xL) shows non-inferiority to aflibercept at 36 weeks in Ph2b ASPIRE trial for diabetic macular edema, potentially offering alternative to anti-VEGF therapy
Small molecule, diabetic macular edema - Read more
Sylentis reports positive Ph2a trial results for SYL1801 (NRARP receptor inhibitor), an siRNA eye drop therapy for neovascular Age-Related Macular Degeneration, showing improved visual acuity
siRNA, Age-Related Macular Degeneration (AMD) - Read more
Immutep's eftilagimod alfa (MHC class II agonist) with Keytruda shows 17.6-month survival in Ph2b trial for head and neck cancer patients with low PD-L1 expression
Fusion protein, monoclonal antibody, head & neck cancer - Read more
Johnson & Johnson's Tremfya (guselkumab), an IL-23 inhibitor, shows strong Ph3 results for ulcerative colitis with fully subcutaneous dosing option
Monoclonal antibody, ulcerative colitis, drug formulation - Read more
EsoBiotec to present preclinical data on ENaBL-T vector for in-vivo CAR-T therapies targeting BCMA in multiple myeloma
Cell therapy, CAR-T, in-vivo cell therapy, nanobody, lentiviral vector (LVV) - Read more
Genocury Biotech's in vivo CD19 CAR-T therapy achieved complete remission in relapsed/refractory diffuse large B-cell lymphoma without lymphodepletion
Cell therapy, B cell lymphoma, cancer, CAR-T, in-vivo cell therapy - Read more
Aldeyra Therapeutics' reproxalap (0.25% ophthalmic solution) meets primary endpoint in Ph3 trial for dry eye disease, demonstrating superior symptom relief versus vehicle
Small molecule, dry eye disease - Read more
THE GOOD
Fundraises
Deerfield Management raises $600M Healthcare Innovations Fund to invest in therapeutics, care delivery technologies, and AI
Venture capital, machine learning, AI, biotech investing, healthcare investing - Read more
Inventiva receives €116M ($132M) second tranche of structured financing for MASH drug development
Small molecule, metabolic dysfunction-associated steatohepatitis (MASH) - Read more
AMPLY Discovery $1.75M Seed, UK-based AI drug discovery startup advancing gene-silencing therapies
Drug discovery, AI, cancer - Read more
Dawn Health raises €11.5M ($13M), develops medical software and digital therapeutics to support patient care
Virtual healthcare - Read more
HistoIndex raises SGD9M ($7.0M), expanding operations and R&D for stain-free tissue imaging solutions with AI-based fibrosis analysis
Imaging, fibrosis-driven disease - Read more
THE GOOD
Investments
European Commission pledges €500M ($568M) in research funding to attract scientists amid US funding cuts under Trump administration
Biotech ecosystem, public-private partnership, federal funding, federal research funding - Read more
THE GOOD
Lawsuits
States' attorneys general sue over HHS restructuring, claiming cuts to staff and programs harm public health
US Department of Health & Human Services (HHS), federal funding, public funding, public funding suit - Read more
THE GOOD
Mergers & Acquisitions
CellBio Scientific acquires BioChain, enhancing its capabilities in providing human-relevant cellular models for drug discovery and research
Biospecimen management, cell culturing, equipment/instrumentation - Read more
THE GOOD
Patient Access
Telethon Foundation charity takes ownership of Europe-approved ultra-rare disease gene therapy amid industry financial struggles
Gene therapy, adenosine deaminase-deficient severe combined immunodeficiency, non-profit - Read more [Paywall]
THE GOOD
Product Launches
Iambic Therapeutics upgrades Enchant AI platform to better predict clinical success of early-stage drugs with limited data
Drug development, AI, drug design - Read more
THE GOOD
Research
Molecular profiling helps 46% of endometrial cancer patients avoid unnecessary radiotherapy while ensuring targeted care for high-risk cases
Personalized medicine, endometrial cancer, radiotherapy, molecular profiling - Read more
Man who injected himself with venom 856 times helps scientists develop broad-spectrum antivenom effective against 19 deadly snake species
Antivenom, snake bite - Read more
THE GOOD
Strategic Plans
BioNTech prepares for 2025 cancer drug filing while diversifying supply chain beyond China-based manufacturing for HER2-targeted therapy BNT323
CDMO (Contract Development & Manufacturing Organization), supply chain, manufacturing partnership, antibody-drug conjugate (ADC), endometrial cancer, geopolitics - Read more
BioNTech expects no immediate impact on its COVID vaccine from RFK Jr.'s proposed changes to vaccine approval standards
Vaccine, COVID-19, drug approval process - Read more [Paywall]
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❌ The Bad News ❌
THE BAD
Approvals & Labels
ImmunityBio received FDA “refusal to file” letter for ANKTIVA plus BCG sBLA for non-muscle invasive bladder cancer with papillary disease, despite prior “unambiguous guidance“
Interleukin, bladder cancer - Read more
Capricor Therapeutics' shares fall 15% after FDA announces plans to convene expert panel review for deramiocel for Duchenne muscular dystrophy
Cell therapy, Duchenne muscular dystrophy (DMD), allogeneic cell therapy - Read more
THE BAD
Clinical Trials
Johnson & Johnson's gene therapy botaretigene sparoparvovec flops in Ph3 trial, missing primary endpoint in X-linked retinitis pigmentosa
Gene therapy, retinitis pigmentosa, adeno-associated virus (AAV) - Read more
PTC Therapeutics' oral Huntington's disease drug PTC518 (votoplam) reduced HTT protein in Ph2 PIVOT-HD trial, but showed lower efficacy than previously reported
Small molecule, Huntington's disease - Read more
THE BAD
Layoffs
Unity Biotechnology, once valued at $700 million, lays off all employees amid financial crisis and explores strategic alternatives
Small molecule, diabetic macular edema - Read more
Bristol Myers Squibb cutting 516 more jobs in Lawrenceville, NJ, bringing total layoffs to 806 this year
Big pharma layoffs - Read more
Mammoth Biosciences cuts 24 jobs during strategic restructuring, CEO confirms
CRISPR, gene-editing - Read more
THE BAD
Market Reports
US prescription drug spending grew 11.4% to $487 billion in 2024, driven by obesity and cancer medications
Drug Pricing, cancer, obesity - Read more
THE BAD
Politics & Policy
Scientists criticize NIH's $500 million investment in outdated whole killed virus technology for developing universal flu vaccine
National Institute of Health (NIH), influenza, vaccine, drug development, platform technology - Read more [Paywall]
THE BAD
Strategic Plans
Recursion Pharmaceuticals shelves three mid-stage drug programs to reduce costs and focus on areas of greatest impact
Small molecule, pipeline strategy, AI, Clostridioides difficile (C. diff) infection, cerebral cavernous malformation, neurofibromatosis type II - Read more
👹 The Ugly News 👹
THE UGLY
Lawsuits
Johnson & Johnson moves to discredit expert witness in talc lawsuits after bankruptcy strategy failures
Talc, cancer - Read more
You’re all caught up on the latest Pharma & Biotech News!

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