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  • Biotech & Pharma Updates | October 21 - 22, 2024

Biotech & Pharma Updates | October 21 - 22, 2024

Editas pivots fully to in vivo, Sangamo’s big Fabry disease gene therapy accelerated approval bet, Samsung Biologics beats own record with $1.2B manufacturing contract, Otsuka scores IgA nephropathy Ph3 win, Rice University launches biotech venture studio, AvenCell $112M Series B, Amgen preps Eylea biosimilar launch after Regeneron loses blocking bid, Camurus handed CRL due to 3rd party manufacturing issues, Starboard Value gets specific on Kenvue, Pfizer plans, US DOJ calls out J&J talc bankruptcy attempt as “bad faith”, FDA’s Robert Califf speaks out against obesity med pricing

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⬇️ The Good News ⬇️

THE GOOD
Approvals & Labels

Sangamo Therapeutics bullish on FDA accelerated approval odds for it’s Fabry disease gene therapy isaralgagene civaparvovec without registrational trial
Gene therapy, Fabry disease - Read more

Peytant Solutions airway stent lands FDA de novo clearance
Medical device, airway stent - Read more

THE GOOD
Business Development

Samsung Biologics signs monster $1.2B contract manufacturing deal with undisclosed “Asia-based” drugmaker
CDMO, contract manufacturing, biologics - Read more

MacroGenics sells commercial asset Margenza to TerSera Therapeutics for $40M upfront + $35M biobucks
Monoclonal antibody, breast cancer - Read more

Twist Bioscience makes royalty pact with XOMA Royalty, $15M upfront in exchange for half future milestones/royalties from existing partnerships
Antibody, drug discovery, royalty agreement - Read more

THE GOOD
Clinical Trials

Minghui Pharmaceuticals’ positive Ph1b/2 data with MHB018A fusion protein in thyroid eye disease
Fusion protein, thyroid eye disease - Read more

Otsuka Pharmaceuticals rare kidney disease mAb sibeprenlimab passes Ph3 with flying colors
Monoclonal antibody, IgA nephropathy, kidney disease - Read more

Innovent Biologics touts Ph2 data with Efdamrofusp alfa in nAMD
Fusion protein, neovascular age-related macular degeneration (nAMD) - Read more

Annexon showcases positive Ph2 data for ANX007 in geographic atrophy due to dry AMD
Monoclonal antibody, geographic atrophy (GA), dry age-related macular degeneration (AMD) - Read more

THE GOOD
Company Incubation

Rice University launches RBL LLC, a new biotech venture creation studio
Company creation, venture studio - Read more

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⬇️ More Good News ⬇️

THE GOOD
Company Launches

Telix Pharmaceuticals, Heidelberg University Hospital launch new radiopharma developer Rhine Bio
Radiopharma, prostrate cancer, theranostic - Read more

Passkey Therapeutics launches with $20M and push to target “multi-factorial” diseases (beyond single protein - single molecule interactions)
Synergistic multifunctional therapeutics, drug discovery - Read more

THE GOOD
Fundraises

AvenCell $112M Series B
Cell therapy, myeloid leukaemia, CAR-T, cancer - Read more

Be Biopharma $82M Financing
Cell therapy, hemophilia B, hypophosphatasia, engineer B cells - Read more

THE GOOD
Partnerships

Editas Medicine, Genevant Sciences partner to develop LNP-delivered gene-editing platform
Gene-editing, platform development, in-vivo therapeutics - Read more

AFT Pharmaceuticals enters R&D agreement with two undisclosed partners for a “novel injectable medicine”
Undisclosed modality, undisclosed disease area - Read more

Molecular Partners, Orano Med strengthen radiopharma development agreement
Radiopharma, cancer, Radio-DARPin therapeutics - Read more

RedHill Biopharma partners with “leading academic medical center” to develop Opaganib as phosgene injury countermeasure
Small molecule, phosgene inhalation injury - Read more

Bright Minds Biosciences, Firefly Neuroscience partner to assess Ph2 trial of BMB-101
Small molecule(?), absence epilepsy, developmental epileptic encephalopathy - Read more

Nvidia, Aidoc partner to help healthcare systems better integrate AI workflows
AI, healthcare efficiency, healthcare IT - Read more

THE GOOD
Product Launches

Dotmatics launches new discovery/development software for therapeutic antibodies
Antibody, drug discovery, drug development, software - Read more

Amgen preps Eylea biosimilar launch as Regeneron loses blocking bid
Fusion protein, wet age-related macular degeneration (wet AMD), biosimilar - Read more

THE GOOD
Research

Rectify Pharma chooses lead candidate and presents promising mouse model data in rare liver disease PSC
Small molecule, primary sclerosing cholangitis, liver disease - Read more

THE GOOD
Strategic Plans

Editas goes full pivot, focusing on in-vivo gene editing and looks to offload ex vivo clinical stage asset reni-cel
Gene editing, sickle cell, beta thalassemia - Read more

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⬇️ The Bad News ⬇️

THE BAD
Approvals & Labels

Camurus’ octreotide extended release hit with FDA CRL due to 3rd-party manufacturing issues
Small molecule peptide, acromegaly - Read more

THE BAD
Business Development

Starboard Value provides details on Kenvue complaints
Consumer health, activist investor - Read more

Starboard Value also provides specific on proposed Pfizer turnaround, says that “the board needs to actively hold management accountable“
Big pharma, activist investor - Read more

THE BAD
Clinical Trials

Mitsubishi Tanabe Pharma’s edaravone Ph3 data in ALS disappoints, once daily dosing shows no difference between on/off standard-of-care regimen
Small molecule, amyotrophic lateral sclerosis (ALS) - Read more

THE BAD
Partnerships

Genentech (Roche) exits partnership with UCB surrounding anti-tau mAb bepranemab (UCB0107)
Monoclonal antibody, Alzheimer’s disease - Read more

THE BAD
Politics & Policy

Suspicion falls on Eli Lilly, Pfizer DTC platforms regarding potential for anti-kickback law violations, “inapporpriate prescribing”
Direct to consumer, drug prescribing, kickbacks - Read more

Biosecure Act likely to pass in lame duck congress; DC-focused lawyer opinion
Biosecure act, geopolitics - Read more [Paywall]

⬇️ The Ugly News ⬇️

THE UGLY
Lawsuits

US DOJ calls Johnson & Johnson’s Texas talc bankruptcy attempt “a textbook example of bad faith”
Talc, ovarian cancer - Read more

THE UGLY
Public Health

FDA reports E. coli outbreak amongst McDonald’s quarter pounders
Food-borne illness, E. coli - Read more

THE UGLY
Regulatory

FDA’s Robert Califf accosts big pharma for high-priced weight loss meds
Obesity, weight loss, drug pricing - Read more [Paywall]

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

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