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- Biotech & Pharma Updates | October 23 - 24, 2024
Biotech & Pharma Updates | October 23 - 24, 2024
Roche, Dyno sign 2nd AAV delivery tech partnership, Merck & Co.’s Keytruda nabs 29th & 30th European approvals, Intellia gene-editing therapy delivers positive Ph2 data in hereditary angioedema, Interius doses first patient in Ph1 in vivo CAR-T/CAR-NK trial, Fable raises $53.5M for AI-developed obesity meds, Lyell Immunopharma acquires ImmPACT Bio to strengthen CAR-T pipeline, Viking Therapeutics accelerates development of obesity hopeful VK2735, Marinus Pharmaceuticals seeks “strategic alternatives” as stock craters due to failed Ph3, Eli Lilly & Eisai failed to disclosed elevated brain injury risk in certain participants of Leqembi, Kisunla trials, UnitedHealth collected billions from Medicare based on dubious diagnoses with no patient follow-up care
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Merck & Co.’s Keytruda nabs 29th and 30th approvals in Europe
Monoclonal antibody, endometrial carcinoma, cervical cancer - Read more
Medtronic lands European approval for transcatheter aortic valve replacement implant
Medical device, transcatheter aortic valve replacement implant - Read more
THE GOOD
Business Development
Monopar Therapeutics buys rights to discontinues Wilson’s disease asset ALXN-1840 from AstraZeneca, terms undisclosed
Small molecule, Wilson’s disease - Read more
Chinoin buys Mexico, Latam commercial rights to NTC’s NTC015 colonoscopy prep solutions
Small molecule, colonoscopy preparation - Read more
THE GOOD
Clinical Trials
Intellia Therapeutics posts promising Ph2 data for gene-editing therapy NTLA-2002 in hereditary angioedema
Gene-editing, hereditary angioedema - Read more
GSK touts positive Arexvy (RSV vaccine) Ph3b data in younger adults
Vaccine, respiratory syncytial virus - Read more
Regeneron showcases positive Ph3 Dupixent data in treating uncontrolled chronic spontaneous urticaria
Monoclonal antibody, chronic spontaneous urticaria - Read more
BridgeBio CANaspires confidence with positive preliminary Ph1/2 data for gene therapy BBP-812 in Canavan disease
Gene therapy, Canavan disease - Read more
Hope Medicine inspires hope with positive interim Ph2 data for mAb HMI-115 in treating endometriosis-associated pain
Monoclonal antibody, endometriosis-associated pain - Read more
Zai Lab’s shares jump after reporting positive Ph1a/b data in for ADC ZL-1310 in extensive-stage small-cell lung cancer
Antibody-drug conjugate, lung cancer - Read more
Precision BioSciences makes history with “the first in vivo gene editing program for chronic hepatitis B virus to move into global clinical trials“, PBGENE-HBV
Gene-editing, chronic hepatitis B infection - Read more
Interius BioTherapeutics doses first patient Ph1 trial for in vivo CAR gene therapy
In vivo cell therapy, B-cell malignancies, CAR-T, CAR-NK - Read more
UK Dementia Research Institute launches “Dementia Trial Accelerator” to increase dementia clinical trial recruitment
Dementia, clinical trial recruitment - Read more
Arcus Biosciences casdatifan posts promising Ph1/1b data, could be a strong competitor to Merck & Co.’s Welireg
Small molecule, renal cell carcinoma - Read more
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⬇️ More Good News ⬇️
THE GOOD
Company Launches
Alyssum Therapeutics launches with $26M Series A, small molecule asset AT-1965 to heat up “immunologically cold tumors“
Small molecule, solid tumor, cancer - Read more
THE GOOD
Fundraises
Fable Therapeutics raises $53.5M with aims to develop new obesity meds by leveraging AI
Antibody, obesity, peptides, AI - Read more [Paywall]
Epitopea $31M Pre-Series A, off-the-shelf RNA-based immunotherapies hard-to-treat cancers
RNA, cancer - Read more
THE GOOD
Investments
Rentschler plans manufacturing site upgrade at their German HQ
CDMO, manufacturing, facility expansion - Read more
Thermo Fisher signs MOU to build 10k sqft “Bioprocess Design Centre” in India’s “Genome Valley”
Greenfield facility, bioprocess - Read more
THE GOOD
Mergers & Acquisitions
Lyell Immunopharma acquires ImmPACT Bio, strengthening CAR-T pipeline
Cell therapy, liquid tumor, cancer, CAR-T - Read more
THE GOOD
Partnerships
Roche, Dyno Therapeutics sign second AAV delivery tech development partnership, $50M upfront, $1B biobucks + royalties
Gene therapy, drug delivery, AAV - Read more
Bayer exercises license option as part of Dewpoint Therapeutics biomolecular condensates collaboration, $424M combined upfront + biobucks
Biomlecular condensates, dilated cardiomyopathy - Read more
QUANTRO Therapeutics, Research Institute of Molecular Pathology partner on transcriptomic drug discovery
Drug discovery, cancer, transcription factor complexes - Read more
PMV Pharmaceuticals partners with MD Anderson Cancer Center and Memorial Sloan Kettering Cancer Center for new Ph1b studies using rezatapopt
Small molecule, myelodysplastic syndromes, acute myeloid leukemia, cancer - Read more
THE GOOD
Politics & Policy
19 Massachusetts area companies, including Moderna and Vertex Pharmaceuticals, receive $21.4M in tax breaks to fuel creation of 1,155 jobs
Job creation, tax incentives - Read more
THE GOOD
Public Health
CDC recommends lowering routine pneumococcal vaccine age from 65 to 50
Vaccine, pneumococcal disease - Read more
THE GOOD
Research
GLP-1s continue their wonderdrug rampage, as Novo Nordisk’s semaglutide linked to reduced risk of Alzheimer’s disease
GLP-1, obesity, Alzheimer’s disease - Read more
Poseida Therapeutics to present encouraging mouse (reduced kallikrein protein activity), primate (edited a gene in the liver) data for hereditary angioedema gene therapy P-KLKB1-101
Gene therapy, hereditary angioedema - Read more
THE GOOD
Strategic Plans
Viking Therapeutics announces accelerated development plans for obesity hopeful VK2735
GLP-1, obesity - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Marinus Pharmaceuticals stock craters after ganaxolone fails in Ph3, company begins exploring dreaded “strategic alternatives”
Small molecule, tuberous sclerosis complex, seizures - Read more
PMV Pharmaceuticals’ rezatapopt + Keytruda (Merck & Co.) exhibits dose-limiting toxicity in Ph1b, combination arm recruitment stopped
Small molecule, solid tumor, cancer - Read more
THE BAD
Earnings & Finances
CRO Icon’s earnings hit by wider biotech, pharma industry slowdown
Contract research organization - Read more [Paywall]
Lundbeck stomaches $79M write-down on Abide Therapeutics acquisition ($250M in 2019) after pain molecule Lu AG06474 setback
Small molecule, pain - Read more
THE BAD
Layoffs
As part of strategic alternatives search, Marinus Pharmaceuticals plans workforce reduction
Small molecule, tuberous sclerosis complex, seizures - Read more
THE BAD
Market Reports
Europe’s share of global clinical trials shrinks (though total number increases) as trials increase elsewhere; IQVIA report
Global clinical trials - Read more
THE BAD
Patient Access
MGM Resorts to stop covering GLP-1 weight loss meds to its 83,000 employees
GLP-1, obesity, insurance - Read more [Read more]
THE BAD
Public Health
CDC stands firm on RSV vaccine guidance, declines to endorse for younger adults, dealing financial blows to GSK, Moderna, Pfizer
Vaccine, respiratory syncytial virus - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Clinical Trials
Eli Lilly, Eisai allegedly failed to disclose Alzheimer’s genetic test results, despite increased brain injury risk if taking Leqembi, Kisunla
Monoclonal antibody, Alzheimer’s disease, brain injury - Read more
THE UGLY
Criminal Acts
UnitedHealth allegedly collected billions from Medicare based on questionable diagnoses, and of which patients received no follow-up care
Health insurance, Medicare - Read more [Paywall]
THE UGLY
Lawsuits
Biocon accused by biotech Y-Trap of stealing their confidential info, using it to start Bicara Therapeutics
Bifunctional antibody-ligand tranps, patent suit, confidential information - Read more
You’re all caught up on the latest Pharma & Biotech News!
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