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- Biotech & Pharma Updates | October 10 - 13, 2024
Biotech & Pharma Updates | October 10 - 13, 2024
Pfizer caps off rough week with hemophilia approval, Sanofi finds willing suitor for consumer health division, Teva settles kickbacks accusations for $450M, Eli Lilly spends $200M on Suzhou site expansion, Pharma ads are maybe helpful, FDA grants temporary compounding clearance for Mounjaro & Zepbound API, Turnstone drops 60% of their staff, Gilead MASHes eject button in Yuhan liver disease collab, FDA officially declares IV solution shortage
All the top Biotech & Pharma news in one daily newsletter.
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Pfizer ends a rough week with FDA approval for Hympavzi in hemophilia A and B
Monoclonal antibody, hemophilia - Read more
Stealth BioTherapeutics lands surprise recommendation (10-6) from FDA adcom for elamipretide in ultra-rare Barth syndrome
Small molecule, Barth syndrome, peptide - Read more
Dong-A’s Imuldosa biosimilar (Stelara, Johnson & Johnson) nabs FDA approval
Monoclonal antibody, plaque psoriasis, psoriatic arthritis, Crohn’s disease, ulcerative colitis, biosimilar - Read more
THE GOOD
Business Development
Sanofi may have found consumer health buyer in PE firm Clayton Dubilier & Rice, negotiating 50% controlling stake sale (terms undisclosed)
Consumer health, division sale - Read more
THE GOOD
Clinical Trials
Capricor Therapeutics touts positive 3-year data from deramiocel Ph2 in DMD
Cell therapy, Duchenne muscular dystrophy, allogeneic cell therapy - Read more
Allakos posts Ph1 bioavailability & safety data for mast cell-inhibiting mAb AK007
Monoclonal antibody, chronic spontaneous urticaria, food allergy, asthma - Read more
Cantargia showcases positive Ph1 biomarker & safety data for autoimmune/inflammatory-targeting mAb CAN10
Monoclonal antibody, psoriasis, hidradenitis suppurativa, systemic sclerosis - Read more
THE GOOD
Criminal Acts
Teva Pharmaceuticals’ agrees to $450M settlement involving two kickback schemes; investigation by US DOJ
Small molecule, multiple sclerosis, kickbacks - Read more
THE GOOD
Fundraise
SciFounders files plans for $35M second fund
Venture capital - Read more [Paywall]
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⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Investments
Eli Lilly further bolsters manufacturing capacity with planned $200M expansion to Suzhou manufacturing site
Manufacturing, site expansion - Read more
THE GOOD
Marketing
Pharma ads aren’t all that bad, even downright helpful, according to 2,000 surveyed patients & physicians
Pharmaceutical advertising - Read more
THE GOOD
Partnerships
Janssen Biotech, Ailux Biologics (XtalPi) sign AI-powered biologics discovery and engineering pact
Monoclonal antibody, drug discovery, AI - Read more
Eurofins Discovery, Dompé farmaceutici renew AI-powered drug discovery partnership
Small molecule, drug discovery, AI - Read more
THE GOOD
Patient Access
After fervor from compound lobby and patients, FDA grants temporary allowance for compounding pharmacies to continue making generic Mounjara, Zepbound (Eli Lilly)
GLP-1, obesity, diabetes - Read more
THE GOOD
Strategic Plans
Valneva aims for “sustained profitability“ by 2027 for Lyme disease vaccine VLA15, assuming successfully approved & commercialized by partner Pfizer
Vaccine, Lyme disease - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Sanofi, Denali Therapeutics’ oditrasertib in MS misses endpoints in Ph2, trial discontinued
Small molecule, multiple sclerosis - Read more
Perspective Therapeutics’ decision to lower dosing in further Ph1/2a cohorts spooked investors, stock sinks nearly 20%
Radiopharma, radionucleotide, melanoma, cancer - Read more
THE BAD
Earnings & Finances
Indivior stock drops nearly 20% on reduced full year guidance for long-acting opioid use disorder med Sublocade
Small molecule, opioid use disorder - Read more
Drug price hikes a potential outcome as geopolitical tensions drives European drug maker reshoring efforts
Geopolitics, drug pricing - Read more [Paywall]
THE BAD
Layoffs
Turnstone Biologics turns away 60% of their staff from employment as part of a runway extension endeavor
Cell therapy, colorectal cancer, head and neck cancer, uveal melanoma, TIL cell therapy - Read more
THE BAD
Partnerships
Gilead MASHes the eject button in liver disease collaboration with Yuhan
Small molecule, metabolic dysfunction-associated steatohepatitis - Read more
Alaunos Therapeutics gives up licensing rights to Precigen’s personalized T-cell platform as part of severed partnership
Cell therapy, solid tumor, cancer, TCR-T cell - Read more
THE BAD
Politics & Policy
Pharma lobby PhRMa goes after US federal government over 340B rebate program response
Drug pricing, 340B - Read more [Paywall]
⬇️ The Ugly News ⬇️
THE UGLY
Shortages
FDA officially declares IV solutions shortage after Baxter plant forced to close by Hurricane Helene
Drug shortages, IV solution - Read more
THE UGLY
Warning Letters, Form 483s
Thermo Fisher’s Patheon subsidiary plant in North Carolina flagged for contamination, air bubble in syringe issues by FDA
CDMO, manufacturing, sterile injectables - Read more
You’re all caught up on the latest Pharma & Biotech News!
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