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- Biotech & Pharma Updates | November 5 - 6, 2024
Biotech & Pharma Updates | November 5 - 6, 2024
Incoming Trump admin may be boon to dealmaking but bane to regulatory, Regeneron & Sanofi’s Dupixent lands pediatric approval in Europe, Acadia Pharmaceuticals sells priority review voucher for $150M, Novo Nordisk reports stellar Q3 earnings, Tevogen leverages Microsoft AI partnership to develop allogeneic T-cell therapies, vaccine coalition (including Gavi and WHO) allocate nearly 900k mpox vaccine doses to 9 African countries, Tango Therapeutics glioblastoma hopeful falls flat in Ph1/2 trial, Novo Nordisk decides to abandon chronic kidney disease clinical asset after July Ph3 failure
Though biotech dealmaking/M&A might fare well under Trump, the future of the regulatory landscape is less certain. | Gif: thebachelor on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
LumiThera nabs FDA approval for light-based dry AMD therapy
Photobiomodulation, dry age-related macular degeneration - Read more
Regeneron, Sanofi’s Dupixent nabs extended label in Europe for pediatric eosinophilic esophagitis patients
Monoclonal antibody, eosinophilic esophagitis - Read more
THE GOOD
Business Development
Advanz Pharma acquires Atarax and Nootropil rights from UCB
Small molecule, anxiety, nootropic, psycho-organic syndrome - Read more
Acadia Pharmaceuticals sells PRV to undisclosed buyer for $150M
Priority review voucher - Read more
Novovax agrees to pay $123.8M to UK government to end COVID-19 vaccine supply pact obligations, payable over 3 years
Vaccine, COVD-19, supply contract - Read more
THE GOOD
Clinical Trials
Arcus Biosciences’ posts promising Ph3 data for domvanalimab + zimberelimab in specific kind of lung cancer
Monoclonal antibody, lung cancer - Read more
RIBOMIC touts positive interim Ph2a data for umedaptanib pegol in achondroplasia
Oligonucleotide-based aptamer, achondroplasia - Read more
Minghui Pharmaceutical’s “promising” initial P1 data for MHB039A bispecfic in soliid tumors
Bispecific antibody, solid tumor, cancer - Read more
THE GOOD
Earnings & Finances
Novo Nordisk handily beats obesity competitor Eli Lilly with staggering obesity drug Q3 YoY sales increase of 81%
GLP-1, obesity - Read more
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⬇️ More Good News ⬇️
THE GOOD
Fundraises
Oxford Vacmedix $3M Series B lead investment from existing investors
Cancer vaccine, lung cancer, prostrate cancer, ovarian cancer - Read more
THE GOOD
Market Reports
Approvals aren’t the end of the story, and these kind of companies (and drug types) have mastered the product launch
Product launches, unmet medical need - Read more
THE GOOD
Mergers & Acquisitions
Huons to acquire controlling stake in PanGen Biotech
CDMO, manufacturing, CHO cell lines - Read more
THE GOOD
Partnerships
Tevogen Bio partners with Microsoft AI & cloud tech to search for HPV treatment, allogeneic T-cell therapies
Cell therapy, human papillomavirus infection, cancer, allogeneic T cell - Read more
Ring Therapeutics partners wth Singapore Eye Research Institute and A*STAR on developing novel eye disease, eye cancer gene therapies
Gene therapy, eye disease, eye cancer, drug discovery, drug development - Read more
Plus Therapeutics, SpectronRx radiotherapy manufacturing partnership, focused on rhenium (186Re) obisbemeda
Radiopharm, leptomeningeal metastases, glioblastoma, cancer, manufacturing - Read more
SolasCure, U. S. Army Institute of Surgical Research collab on chronic wound care tech, reduce chance of infection
Recombinant enzyme, wound infection prevention, hydrogel - Read more
THE GOOD
Politics & Policy
Incoming Trump administration may be a boon to pharma deal-making and M&A
Pharma dealmaking, mergers & acquisitions - Read more [Paywall]
Californians vote in favour of 340B drug discount program spending restriction ballot
340B drug discount, drug pricing - Read more [Paywall]
THE GOOD
Public Health
Coalition of Africa CDC, CEPI, Gavi, UNICEF, WHO allocate roughly 900k mpox vaccine doses for 9 African countries
Vaccine, monkeypox (mpox) - Read more
THE GOOD
Research
Recent publications detail how DNA circles (ecDNA) are involved in many human cancers, both in its development and treatment resistance
DNA circles, cancer - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Tango Therapeutics’ TNG908 absolutely flunks Ph1/2 - program cut and stock sinks 42%
Small molecule, glioblastoma, cancer - Read more
MacroGenics holds off on additional vobramitamab duocarmazine investment as it waits for more data
Antibody-drug conjugate, prostate cancer - Read more
THE BAD
Politics & Policy
Concerns begin bubbling in biotech on how RFK Jr. and allies will impact FDA and regulatory landscape
Regulatory policy, healthcare policy - Read more [Paywall]
THE BAD
Strategic Plans
Novo Nordisk ditches potential kidney disease med ocedurenone (part of $1.3B deal with KBP Biosciences) after Ph3 fail in July
Small molecule, chronic kidney disease - Read more
⬇️ The Ugly News ⬇️
THE UGLY
No Ugly News today!
You’re all caught up on the latest Pharma & Biotech News!
Happy International Inuit Day! | Gif: natgeochannel on Giphy
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