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- Biotech & Pharma Updates | October 22 - 23, 2024
Biotech & Pharma Updates | October 22 - 23, 2024
Merck & Co. buys Modifi Biosciences for $30M upfront + $1.3B biobucks, Pfizer lands broader RSV vaccine approval, Eccogene scores $60M milestone payment from AstraZeneca, Alpha-9 Oncology’s $175M Series C, Ocuphire & Opus Genetics regional gene therapy-focused merger, Roche not overly concerned about impending Vabysmo biosimilar competition, Eli Lilly’s Kisunla handed cost-benefit thumbs down from UK’s NICE, Alto Neuroscience’s major depressive hopeful flops in Ph2b trial, Pfizer cuts more jobs in connection to failed DMD gene therapy, Roche’s CEO concerned for the little guy as Novo Holdings’ Catalent takeover looms
Merck & Co. buys Modifi Biosciences for $30M upfront, $1.3B biobucks. | Gif: fallontonight on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Pfizer lands broader FDA approval for RSV vaccine
Vaccine, respiratory syncytial virus - Read more
Johnson & Johnson’s Darzalex scores European Commission approval as part of multiple myeloma regimen
Monoclonal antibody, multiple myeloma, cancer - Read more
RaQualia Pharma’s sublicensee Shandong Luoxin Pharmaceutical Group receives Chinese NMPA approval for H. pylori adjunctive therapy
Small molecule, H. pylori infection, gastroesophageal reflux disease - Read more
DBV Technologies receives accelerated approval guidance from FDA for Viaskin peanut patch
Medical device, peanut allergy - Read more
THE GOOD
Business Development
Eccogene nabs $60M milestone payment from AstraZeneca after first Ph2b patient dosing
Small molecule, obesity, type 2 diabetes - Read more
SIGA Technologies in-licenses preclinical mAb library from Vanderbilt University
Monoclonal antibody, smallpox, mpox (monkeypox) - Read more
NImmune buys Asia development, commercialization rights to omilancor, originating from LianBio wind-down earlier this year
Small molecule, ulcerative colitis, Crohn’s disease - Read more
Duhn Therapeutics buys development, commercialization rights to DHN198 (OH-2714) from OM Pharma for undisclosed upfront, “double-digit” royalties, $116.5M biobucks
Small molecule, solid tumor, cancer - Read more
THE GOOD
Clinical Trials
Alkeus Pharmaceuticals’ reports “significant trend” in reducing GA lesions with gildeuretinol
Small molecule, geographic atrophy - Read more
Zhaoke Ophthalmology touts pair of positive Ph3 results, myopia progression control with NVK002
Small molecule, myopia - Read more
Calluna Pharma’s CAL101 mAb demonstrates favourable safety, pharmacokinetic (PK) and immunogenicity profile in Ph1
Monoclonal antibody, idiopathic pulmonary fibrosis, systemic sclerosis - Read more
Hansoh Pharma showcases positive Ph3 results for aumolertinib in lung cancer
Small molecule, lung cancer - Read more
Revolution Medicine touts updated results from RMC-6236 Ph1, "durable antitumour activity"
Small molecule, pancreatic cancer - Read more
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⬇️ More Good News ⬇️
THE GOOD
Earnings & Finances
Thermo Fisher has high hopes for 2025 revenue
Instrumentation, services - Read more [Paywall]
THE GOOD
Fundraises
4Tissue €2M ($2.2M) Seed Raise
Tissue engineering, bio-interactive hydrogels - Read more
Alpha-9 Oncology $175M Series C
Radiopharm, melanoma, cancer, radiodiagnostics - Read more
Dimension plans $500M follow-up fund
Venture capital, life science digitization - Read more [Paywall]
March Biosciences $24.8M Series A
Cell therapy, T-cell lymphoma, CAR-T - Read more
Avenue Biosciences $2.5M Seed raise
Platform technology, protein drug discovery - Read more
Ikarovec £5M ($6.5M) Seed extension
Gene therapy, geographic atropy, wet age-related macular degeneration - Read more
THE GOOD
Mergers & Acquisitions
Merck & Co. buys Modifi Biosciences for $30M upfront, $1.3B biobucks
Small molecule, glioblastoma, cancer - Read more
Ocuphire, Opus Genetics retinal gene therapy-focused merger
Gene therapy, inherited retinal diseases, presbyopia - Read more
Lumos Pharma goes private via merger with Double Point Ventures through common stock purchase
Small molecule, pediatric growth hormone deficiency - Read more
THE GOOD
Partnerships
Evotec, Bristol Myers Squibb molecular-glue partnership expands beyond oncology, $50M milestone payment to Evotec
Molecular glue degrader, oncology, cancer - Read more
ABL Bio, IntoCell partner to develop novel ADCs
Antibody-drug conjugate, cancer, drug development - Read more
THE GOOD
Public Health
Harvard University updates climate toolkit for healthcare workers
Climate change, healthcare frontlines - Read more
THE GOOD
Strategic Plans
Roche not bothered by Vabysmo biosimilars, bullish on continued momentum
Monoclonal antibody, wet age-related macular degeneration, diabetic macular edema, retinal vein occlusion - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
Eli Lilly’s Kisunla has “relatively little benefit”, too costly for NHS according to UK’s NICE
Monoclonal antibody, Alzheimer’s disease - Read more
THE BAD
Business Development
Legend Biotech removes Genscript Biotech as majority shareholder amid Biosecure Act tensions
Biosecure Act, CDMO, geopolitics - Read more
THE BAD
Clinical Trials
Alto Neuroscience’s ALTO-100 flunks Ph2b, shares crater
Small molecule, major depressive disorder - Read more
THE BAD
Layoffs
Pfizer to cut 75 more roles at North Carolina site, related to failed DMD gene therapy asset fordadistrogene movaparvovec
Gene therapy, Duchenne muscular dystropy - Read more
THE BAD
Mergers & Acquisitions
Roche CEO voices doubt about upcoming Novo Holdings’ Catalent acquisition, risk of reduced available CMO capacity “problem for other smaller players“
CDMO, manufacturing capacity - Read more
THE BAD
Patient Access
Novo Nordisk takes alternative approach to stop semaglutide compounders, presses FDA to include semaglutide on “Demonstrable Difficulties for Compounding“ list
GLP-1, obesity, compounding pharmacy - Read more
THE BAD
Strategic Plans
Roche cuts cough candidate RG6341 as part of wider pipeline prioritization
Small molecule, cough - Read more
⬇️ The Ugly News ⬇️
THE UGLY
No Ugly News today!
You’re all caught up on the latest Pharma & Biotech News!
October 24th is World Polio Day. | Gif: rotaryinternational on Giphy
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