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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"
Sanofi rockets past Q3 expectations thanks to surging Beyfortus sales. | Gif: cartoonhangover on Giphy
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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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