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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!
Happy Mole Day! Celebrating the Avogadro constant (6.02E23) | Gif: TAMUArtSci on Giphy
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