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  • Biotech & Pharma Updates | October 15 - 17, 2024

Biotech & Pharma Updates | October 15 - 17, 2024

AbbVie’s Parkinson’s combo Vyalev nabs FDA approval, Novartis buys select global rights to small molecule anti-tumor asset, Wave Life Science’ RNA editing tech posts promising in-human data, KdT Ventures closes $100M fourth fund, Terray Therapeutics $120M Series B, OmniaBio opens new Canada-based CGT manufacturing site, FDA unveils rare disease innovation hub, Amgen's Lumakras faces delayed FDA decision, Kezar Life Sciences terminates Ph2b lupus trial, Takeda waves goodbye to Parkinson’s disease drug development collar with Wave Life Sciences

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⬇️ The Good News ⬇️

THE GOOD
Approvals & Labels

Novocure’s tumour-targeting fields therapy nabs FDA approval in lung cancer
Medical device, lung cancer, alternative electric fields therapy - Read more

AbbVie’s Parkinson’s combo med Vyalev scores FDA approval
Small molecule, Parkinson’s disease - Read more

Avadel Pharmaceuticals’ Lumryz lands FDA approval for ages 7 and up
Small molecule, cataplexy, narcolepsy - Read more

AstraZeneca, Ionis Pharmaceuticals’ Wainzua approved by UK’s MHRA
Antisense oligonucleotide, polyneuropathy associated with hereditary transthyretin amyloidosis - Read more

Sanofi’s Flublok flu vaccine label expansion ok’d by FDA, pregnant individuals
Vaccine, influenza - Read more

THE GOOD
Business Development

Exscientia scores $15M milestone payment from Sanofi
Small molecule, drug discovery, AI - Read more

Novartis buys exclusive, worldwide license to Baiyu Pharmaceutical’s anti-tumor asset for $70M upfront, $1.1B biobucks
Small molecule, cancer - Read more

Viatris buys ex-US, ex-Europe rights to Inpefa from Lexicon Pharmaceuticals for $25M upfront, $200M biobucks
Small molecule, heart failure, type 2 diabetes - Read more

RevOpsis lands $1.8M SBIR grant
Tri-specific biologic, retinal vascular disease - Read more

Synedgen receives up to $119M BARDA contract to develop radiation syndrome countermeasure MIIST305
Glycomedicine, gastrointestinal acute radiation syndrome, medical countermeasure - Read more

Orasis Pharmaceuticals sells Qlosi’s Korea commercialization rights to Optus Pharmaceuticals
Small molecule, presbyopia - Read more

THE GOOD
Clinical Trials

Akeso Biopharma touts positive cadonilimab Ph3 data in cervical cancer
Bispecific antibody, cervical cancer - Read more

Beacon Therapeutics’ AGTC-501 delivers positive 24 month data in Ph2
Gene therapy, X-linked retinitis pigmentosa - Read more

Innovent Biologics ulcerative colitis candidate picankibart hits Ph2 primary endpoint
Monoclonal antibody, ulcerative colitis - Read more

Wave Life Sciences posts promising in-human data for RNA-editing therapeutic approach
RNA editing, alpha-1 antitrypsin deficiency - Read more

GSK, ViiV Healthcare showcases 99% effectiveness of HIV prevention med Apretude
Small molecule, human immunodeficiency viruses, HIV infection prevention - Read more

Athos Therapeutics posts positive Ph1 data for “AI-generated” ATH-063 in inflammatory bowel disease
Small molecule, inflammatory bowel disease, AI - Read more

Neurogastrx posts positive Ph2 data in GLP-1 side effect combatting small molecule
Small molecule, obesity med side effects, GLP-1 - Read more

HUTCHMED’s postive lung cancer Ph2 data utilizing Tagrisso + Orpathys combo
Small molecule, lung cancer - Read more

Noema Pharma’s Tourette syndrome hopeful notches Ph2a primary and secondary endpoints wins
Small molecule, Tourette’s syndrome - Read more

Thryv Therapeutics’ touts positive results for small molecule LQT-1213 in rare genetic heart condition proof-of-concept clinical study
Small molecule, congenital Long QT Syndrome - Read more

Bavarian Nordic’s mpox vaccine performs equally well in adolescents as in adults
Vaccine, mpox (monkeypox) - Read more

Merck & Co.’s Capvaxive delivers positive Ph3 results in patients with chronic conditions that put them at increased pneumococcal disease risk
Vaccine, pneumococcal disease - Read more

Aura Biosciences touts positive Ph1 data for bladder cancer hopeful bel-sar + light activation
Viruslike drug conjugate, bladder cancer - Read more

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⬇️ More Good News ⬇️

THE GOOD
Fundraises

KdT Ventures $100M fourth fund
Venture capital, biotech investing - Read more

Treeline Biosciences $421M financing
Cancer - Read more [Paywall]

Capricor Therapeutics $75M public offering
Cell therapy, Duchenne’s muscular dystrophy, heart disease - Read more

Sunbird Bio $14M raise
Diagnostics, blood test, Alzheimer’s disease, Parkinson’s disease - Read more

Minze Health $5.3M raise
Digital health, urology - Read more

Alchemy $31M Seed raise
Pharmacy infrastructure - Read more

Orano Med raises €300M ($326M) from Sanofi
Radiopharma, neuroendocrine tumors, cancer - Read more

Monument Therapeutics £1M ($1.3M) investment from Forster Foundation
Small molecule, schizophrenia - Read more

TenNor Therapeutics $41M Series E
Small molecule, bacterial infections, metabolic disease - Read more

Terray Therapeutics $120M Series B
Small molecule, drug development, AI - Read more

THE GOOD
Healthcare Equity

Sanofi earmarks $18M towards three historically Black medical schools in bid to increase clinical trial diversity
Clinical trial diversity - Read more

THE GOOD
Investments

OmniaBio CDMO opens up commercial-scale CGT manufacturing site in Canada
Cell & gene therapy, CDMO, contract manufacturing - Read more

SpectronRx showcases upcoming Belgian-based radiolabeling plant, Q1 2025 expected start
Radiopharma, manufacturing - Read more

THE GOOD
Lawsuits

Exelixis comes out on top in Cabometyx patent scuffle against MSN Laboratories
Small molecule, kidney cancer, liver cancer, thyroid cancer - Read more

Amicus Therapeutics, Teva Pharmaceuticals settle Galafold generic disagreement
Small molecule, Fabry disease, generic - Read more

THE GOOD
Partnerships

ExpreS2ion, Serum Institute of India partner on development, manufacturing of novel malaria vaccine
Vaccine, malaria, drug development - Read more

Matica Bio, Mongoose Bio partner on TCR-T cell therapy drug development
TCR-T cell therapy, cancer, drug development, CDMO - Read more

Mila Partners, Ability Biologics partner on AI-powered antibody drug discovery
Antibody, drug discovery, AI - Read more

Clairo, PathAI partner on streamlining gastrointestinal clinical trials
Clinical trials, pathology, endoscopy - Read more

Eterna Therapeutics, Factor Bioscience iPSC-derived cell therapy drug development pact
Cell therapy, cancer, rare disease, autoimmune, induced pluripotent stem cells - Read more

THE GOOD
Politics & Policy

Biosecure Act has unlikely detractor in prominent US House China critic
Biosecure Act - Read more [Paywall]

THE GOOD
Regulatory

FDA unveils rare disease innovation hub
Rare diseases, drug development - Read more

FDA finalizes trio of guidance documents (generics, cancer trials, neonatal drug development)
Regulatory guidance - Read more [Paywall]

THE GOOD
Strategic Plans

Teva Pharmaceuticals adopts “biotech mindset” as it ventures into pushing new assets
Small molecule, neuroscience, immunology - Read more

Scilex Holdings considers spinning-out Scilex Pharma division
Small molecule, postherpetic neuralgia, migraine - Read more

Merck KGaA open to more manufacturing-focused M&A
Drug manufacturing - Read more [Paywall]

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⬇️ The Bad News ⬇️

THE BAD
Approvals & Labels

Intercept Pharmaceuticals’ (Alfasigma) Ocaliva FDA decision faces delay, approval path uncertain after overwhelmingly negative adcom
Small molecule, primary biliary cholangitis - Read more

Amgen’s Lumakras also faces FDA decision delay
Small molecule, colorectal cancer - Read more

Biogen, Eisai’s Leqembi gets rejected by Australia’s TGA
Monoclonal antibody, Alzheimer’s disease - Read more

THE BAD
Business Development

Sanofi attempts to quell strike movement by assuring that consumer health division will remain “anchored” in France
Consumer health - Read more 

THE BAD
Clinical Trials

Kezar Life Sciences terminates Ph2b lupus trial with zetomipzomib
Small molecule, lupus nephritis - Read more

Novavax COVID/flu and standalone flu vaccines hit with FDA hold after serious adverse event
Vaccine, COVID-19, influenza - Read more

THE BAD
Lawsuits

US District Judge rules against Novartis in Entresto generic spat with MSN Pharmaceuticals
Small molecule, heart failure, generic - Read more

THE BAD
Layoffs

Sage Therapeutics look to cut total workforce by 1/3rd (R&D by half) as part of “regroup”
Small molecule, Huntington’s disease - Read more

THE BAD
Mergers & Acquisitions

Despite potentially precarious position, Kezar Life Sciences rejects buyout offer from Concentra Biosciences
Small molecule, autoimmune hepatitis - Read more

THE BAD
Partnerships

Takeda waves goodbye to Wave Life Sciences Parkinson’s drug development collab
Antisense oligonucleotide, Huntington’s disease - Read more

⬇️ The Ugly News ⬇️

THE UGLY
Withdrawals & Recalls

Bankrupt Cue Health’s COVID-19 tests hit with FDA Class II recall
At-home test, COVID-19 - Read more

You’re all caught up on the latest Pharma & Biotech News!

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