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- Biotech & Pharma Updates | October 14 - 15, 2024
Biotech & Pharma Updates | October 14 - 15, 2024
Amgen & J&J separately post positive myasthenia gravis data, MeiraGTx's positive Ph1/2 data for promising Parkinson’s gene therapy, Tolerance Bio launches with $17.2M, J&J posts a great Q3, Forbion raises over $2.2B, Pfizer & TRIANA Biomedicines sign molecular glue degrader drug discovery partnership, GSK sues Moderna over alleged mRNA vaccine tech infringement, Notable Labs files for bankruptcy
GSK sues Moderna for alleged patent infringement related to COVID-19 mRNA vaccine tech. | Gif: paramountplus on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Business Development
Ocean Biomedical lands rights to multiple preclinical small molecule assets from Molecure, $600k upfront with biobucks topping out the deal to $32M
Small molecule, cancer, inflammatory disease - Read more
THE GOOD
Clinical Trials
Seraxis’ stem cell-derived replacement islet cells for type 1 diabetes Ph1/2 given FDA go ahead
Cell therapy, type 1 diabetes, stem cell-derived - Read more
MeiraGTx touts positive Ph1/2 data in Parkinson’s disease with their gene therapy AAV-GAD
Gene therapy, Parkinson’s disease, AAV - Read more
Topas Therapeutics alleges positive Ph2a data for TPM502 celiac candidate, though doesn’t yet relieve full details
Epitope-carrying nanoparticles, celiac disease - Read more
Amgen posts positive Ph3 for Uplizna in generalized myasthenia gravis
Monoclonal antibody, generalized myasthenia gravis - Read more
Johnson & Johnson also posts generalized myasthenia gravis data, Ph2/3 trial with nipocalimab in adolescent patients
Monoclonal antibody, generalized myasthenia gravis - Read more
Jazz Pharmaceuticals posts “statistically significant” Ph3 survival data for Zepzelca as part of lung cancer regimen
Small molecule, lung cancer - Read more
Gan & Lee Pharmaceuticals’ GZR18 injectable bests Novo Nordisk’s Ozempic according to Ph2 trial data
GLP-1, obesity, diabetes - Read more
THE GOOD
Company Launches
Tolerance Bio launches with $17.2M, with iPSC-derived therapies to treat immune-mediated diseases
Cell therapy, cancer, autoimmune, induced pluripotent stem cells - Read more
THE GOOD
Earnings & Finances
Johnson & Johnson posts overall strong Q3 earnings driven by Darzalex sales
Monoclonal antibody, multiple myeloma, cancer - Read more
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⬇️ More Good News ⬇️
THE GOOD
Fundraises
Forbion rakes in over $2.2B for biotech VC investment
Venture capital, biotech investing - Read more
SR One files plans for third fund at $600M
Venture capital, biotech investing - Read more
invIOs €8.2M ($8.9M) Series A
Cell therapy, cancer, tumor infiltrating lymphocyte (TIL) - Read more
Nuclera $75M Series C
Protein manufacturing, manufacturing technology - Read more [Paywall]
Antiverse £3.5M ($4.6M) Seed raise
Antibody, drug discovery, AI, techbio - Read more
MEDiC Life Sciences $5M Strategic funding
Drug discovery, biomarkers, cancer, solid tumor - Read more
Aenitis “strategic” funding, undisclosed amount
Cell & gene therapy manufacturing, acoustofluidic technology - Read more
THE GOOD
Partnerships
Pfizer, TRIANA Biomedicines’ molecular glue degrader drug discovery partnership; up to $1.5B deal
Molecular glue degraders, cancer, drug discovery - Read more
Ripple Therapeutics, Glaukos sign evaluation and licensing agreement for retinal disease drug-delivery tech
Drug delivery, glaucoma, corneal disorders, retinal disease - Read more
THE GOOD
Public Health
WHO lands $1B in pledges for 2025-2028 budget
World health organization, infectious disease, public health - Read more
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⬇️ The Bad News ⬇️
THE BAD
Company Shutdown
Notable Labs files for bankruptcy, fails to bring in-licensed Boehringer Ingelheim asset volasertib to market
Small molecule, acute myeloid leukemia, cancer - Read more
THE BAD
Lawsuits
GSK sues Moderna for alleged patent infringement related to COVID-19 mRNA vaccine tech
mRNA vaccine, COVID-19 - Read more
THE BAD
Layoffs
Walgreens to shutter 1200 stores as part of new CEO’s turnaround attempt
Consumer health, pharmacy - Read more
THE BAD
Strategic Plans
Johnson & Johnson makes multiple pipeline cuts, including Alzheimer’s hopeful seltorexant
Small molecule, Alzheimer’s disease, pipeline reprioritization - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Sackler family (Purdue Pharma) calls allegations of funnelling billions into offshore accounts to shield from opioid lawsuits “utterly meritless”
Opioid settlements - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
October 16th is World Food Day! | Gif: bombaysoftwares
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