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  • Biotech & Pharma Updates | October 24 - 27, 2024

Biotech & Pharma Updates | October 24 - 27, 2024

Iterum nabs approval for UTI med, Eli Lilly posts positive Tremfya Ph3b data in plaque psoriasis, Dash Bio launches with $6.5M and a “technology-first approach”, Sanofi blasts past Q3 expectations thanks to Beyfortus, Agomab lands $89M Series D to progress fibrotic disease programs, GSK earmarks $800M for Pennsylvania facility expansions, Septerna’s smashing $288M IPO, Tessera touts new preclinical in vivo gene editing data, Elucida Oncology shuts doors, GenSight’s coffers weeks from running dry, UK's MHRA reminds people that GLP-1s aren’t for “Instagram"

All the top Biotech & Pharma news in one daily newsletter.

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⬇️ The Good News ⬇️

THE GOOD
Approvals & Labels

Iterum Therapeutics nabs FDA approval for oral UTI med Orlynvah
Small molecule, urinary tract infection - Read more

Boston Scientific, Medtronic’s heart failure algo gets UK NICE recommendation
Medical device, heart failure, algorithm - Read more

THE GOOD
Business Development

Shenyang Sunshine (3SBio subsidiary) buys Mainland China, Hong Kong future commercialization rights for RMX Biopharma’s (Haihe Biopharma subsidiary) oral Paclitaxel solution
Small molecule, cancer - Read more

THE GOOD
Clinical Trials

Tyra Biosciences posts “encouraging” Ph1/2 results for urothelial carcinoma hopefull TYRA-300, though some adverse events reported
Small molecule, urothelial carcinoma - Read more

Eli Lilly’s Ebglyss demonstrates “meaningful improvements” in skin clearance, itching relief (cause by atopic dermatitis) in Ph3b data
Monoclonal antibody, atopic dermatitis - Read more

Dermavant Biosciences presents Ph3 data for atopic dermatitis topical Vtama
Small molecule, atopic dermatitis - Read more

Johnson & Johnson posts Ph3b data for Tremfya in treating "overlooked and undertreated" sub-population in plaque psoriasis
Monoclonal antibody, plaque psoriasis - Read more

Leo Pharma presents final Ph3 results for Adbry in adults & adolescents with atopic dermatitis
Monoclonal antibody, atopic dermatitis - Read more

Bristol Myers Squibb, Ideaya Bioscience post positive interim Ph1 data for IDE397 small molecule in urothelial, lung cancer
Small molecule, urothelial cancer, lung cancer - Read more

Revolution Medicines presents “encouraging” initial Ph1/1b data for RMC-9805 in pancreatic ductal adenocarcinoma
Small molecule, pancreatic ductal adenocarcinoma, cancer - Read more

Spur Therapeutics touts positive Ph1/2 data for Gaucher disease gene therapy hopeful FLT201
Gene therapy, Gaucher disease, AAV - Read more

THE GOOD
Company Launches

Dash Bio launches with $6.5M Seed raise, “technology-first approach“ to drug development services, technologies
Drug development, bioanalysis, AI, robotics - Read more

THE GOOD
Earning & Finances

Sanofi rockets past Q3 expectations thanks to surging Beyfortus sales
Monoclonal antibody, respiratory syncytial virus, vaccine - Read more

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⬇️ More Good News ⬇️

THE GOOD
Fundraises

Jade Biosciences undisclosed financing extension to $95M total, looking to “redefine” the standard of care for autoimmune diseases
Undisclosed modality, autoimmune - Read more

Agomab Therapeutics $89M Series D, pushing forward “tissue-specific” fibrotic disease approach
Small molecule, fibrostenosing Crohn's disease, pulmonary fibrosis, liver fibrosis - Read more

enGene $60M private placement, advancing bladder cancer gene therapy detalimogene
Gene therapy, bladder cancer - Read more

Molecular Partners $20M underwritten offering, Radio-DARPin therapeutics
Radiopharma, oncology, cancer - Read more

THE GOOD
Investments

GSK earmarks $800M for PA, USA facility expansion, 200 jobs
Manufacturing, sterile liquids, drug substance, R&D pilot plant - Read more

THE GOOD
IPO

Septerna IPO a smashing success, raises $288M
Small molecule, hypoparathyroidism - Read more

THE GOOD
Mergers & Acquisitions

Ledger Run acquires Assentia, clinical trial agreement negotiation tech
Clinical trial contract negotiation, functional service provider - Read more

THE GOOD
Partnerships

AbbVie, Gedeon Richter announce new discovery, development pact focued on neuropsychiatry
Small molecule, neuropsychiatric disorder, drug discovery, drug development - Read more

Coeptis Therapeutics, Deverra Therapeutics expand field of use for allogeneic NK cell therapy technology
Cell therapy, viral infections, pandemic preparedness, NK cell - Read more

Genprex, The University of Michigan Rogel Cancer Center sign Sponsored Research Agreement to study gene used in Reqorsa cancer gene therapy
Gene therapy, translocated lung cancer - Read more

THE GOOD
Politics & Policy

US House Republicans demand increased transparency from government-funded clinical trials
Clinical trials, taxpayer funding - Read more [Paywall]

THE GOOD
Research

Tessera touts further preclinical data for in vivo gene editing tech
Gene editing, alpha-1 antitrypsin deficiency, sickle cell disease - Read more

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⬇️ The Bad News ⬇️

THE BAD
Company Shutdown

Elucida Oncology closes doors due to “lack of funding”
Antibody-drug conjugate, cancer - Read more [Paywall]

THE BAD
Earnings & Finances

GenSight Biologics running on fumes as cash supples are “weeks away” from depletion
Gene therapy, Leber hereditary optic neuropathy, eye disease - Read more

⬇️ The Ugly News ⬇️

THE UGLY
Criminal Acts

BeiGene senior executive under investigation in China, “not related to BeiGene’s activities” according to company
Smuggling - Read more

THE UGLY
Patient Access

UK’s MHRA has to remind people that GLP-1s aren’t for “Instagram” or cosmetic use
GLP-1, obesity, diabetes - Read more

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

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