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

All the top Biotech & Pharma news in one daily newsletter.

Want to understand how these updates are formatted? Check-out the FAQ.

Have any feedback? I’d love to hear you from - connect with me on LinkedIn. 📣

✅ 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

PRESENTED BY AMBIENT BIOSCIENCES
Eliminate Cold Chain Costs with Ambient-Stable Reagents

Are you looking to reduce costs associated with expensive lyophilization and cold chain shipping and storage?

Prepare room temperature stable biomolecules without the time-consuming complexity of lyophilization - using our proprietary reagent stabilization platform (stabilizing reagents in just one hour with minimal optimization). 

Extend expiration dates from months to years (reducing waste and simplifying logistics) by using our patented process - all while working effectively across multiple biomolecule classes. 

Get your FREE sample kit today and see how our technology integrates seamlessly with your ELISA, immunohistochemistry, or flow cytometry applications.

 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]

PRESENTED BY YOU?
Get the attention of 2000+ Biotech & Pharma Professionals 🤩

sign me up 2 chainz GIF by MOST EXPENSIVEST

Gif: mostexpensivest on Giphy

Do you offer a biotech/pharma-focused product or service?

Or looking to get investor/analyst interest on your budding start-up?

Considering sponsoring TLDR Biotech to get in-front of an engaged audience of biotech & pharma-focused professionals.

Just reply to this email* or message me on LinkedIn to learn more.

*If you’re reading this on the web version, email [email protected]

❌ 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!

Tuesday Weekday GIF

Gif: POWER_PROGRAMMING on Giphy

TLDR Biotech wants to hear from you! 📣

Have comments/questions/complaints about this newsletter?
Send me an email - I want your brutally honest feedback. 📝

Last thing - if you find the content useful and think a colleague would too, please share TLDR Biotech with them! ♻️

Thanks for reading! -Anis

Disclaimer: Content, news, research, tools, and mention of stock or tradeable securities are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here