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- Biotech & Pharma Updates | October 28 - 29, 2024
Biotech & Pharma Updates | October 28 - 29, 2024
Pfizer beats Q3 earning estimates, Novartis’ Scemblix scores first-line accelerated nod, GSK buys bispecific asset from Chimagen Biosciences, Eli Lilly reduces Kisunla-induced brain swelling with modified dosing regimen, Pathos AI $62M Series C for AI-driven cancer asset assessment & patient recruitment, Crescent Biopharma reverse merger with GlycoMimetics, Iambic Therapeutics launches “Enchant”ing predictive clinical outcome AI, GemVax & KAEL’s progressive supranuclear palsy peptide's Phase 2 miss, Novartis writes down $800M of $2.9B MorphoSys acquisition, Neurocrine and Idorsia officially part ways two years after epilepsy med Phase 2 failures, brace yourselves for a potential RFK Jr.-influenced FDA
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Novartis’ scores first-line accelerated approval from FDA for Scemblix in myeloid leukemia
Small molecule, myeloid leukemia, cancer - Read more
Protega Pharmaceuticals’ Roxybond scores first ever FDA approval for abuse-deterrent opioid
Small molecule, pain, opioid abuse, opioid abuse deterrent - Read more
AstraZeneca’s Wainzua lands UK NICE recommendation
Antisense oligonucleotide, hereditary transthyretin-related amyloidosis, polyneuropathy - Read more
Pfizer also gets into UK NICE’s good graces with recommendation for Elrixfio
Bispecific T-cell engager, multiple myeloma, cancer - Read more
Shorla Oncology lands FDA expanded label for Jylamvo into pediatric patients for an autoimmune and an oncology indication
Small molecule, acute lymphoblastic leukemia, polyarticular juvenile idiopathic arthritis, cancer, autoimmune - Read more
Abeona Therapeutics resubmits BLA to FDA for prademagene zamikeracel to treat recessive dystrophic epidermolysis bullosa
Gene therapy, recessive dystrophic epidermolysis bullosa - Read more
THE GOOD
Business Development
GSK pays Chimagen Biosciences $300M for CMG1A46, Ph1 asset with lupus potential
Bispecific antibody, lupus, autoimmune - Read more
Genmab licenses Revitope’s T-cell engager tech platform, $9M upfront + $600M biobucks
T-cell engager, solid tumor, drug development - Read more
Vaxxas gains license to US NIH next-gen RSV vaccine antigen
Vaccine, respiratory syncytial virus - Read more
THE GOOD
Clinical Trials
Eli Lilly’s revised Kisunla dosing regimen leads to lower brain swelling according to new Ph3 data
Monoclonal antibody, Alzheimer’s disease - Read more
Invivyd COVID-19 prophylactic pemivibart provides “substantial protection” over 6 months as touted in new Ph3 data
Monoclonal antibody, COVID-19, pre-exposure prophylaxis - Read more
Shionogi Therapeutics touts Ph3 data on the opposite side of COVID-19, Xocova as a post-exposure prophylaxis
Small molecule, COVID-19, post-exposure propylaxis - Read more
Zai Lab’s posts positive Ph3 data for KarXT in Schizophrenia
Small molecule, schizophrenia - Read more
Innovent Biologics positive Ph2 win for psoriasis hopeful picankibart
Monoclonal antibody, psoriasis - Read more
Eledon Pharmaceuticals touts first evidence of insulin independence in two type 1 diabetes patients after iselt transplant but without standard immunosuppressant tacrolimus, instead using Eledon’s antibody tegoprubart
Monoclonal antibody, transplant rejection prevention, type 1 diabetes, islet transplant - Read more
Coya Therapeutics’ COYA 301 linked to biomarker, cognition improvements in small Alzheimer’s disease trial
Biologic combination therapy, Alzheimer’s disease - Read more
Clover posts positive Ph1 data for SCB-1019, RSV vaccine, in head-to-head with GSK’s Arexvy
Vaccine, respiratory syncytial virus - Read more
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⬇️ More Good News ⬇️
THE GOOD
Earnings & Finances
Pfizer reports Q3 earnings with a vengeance, blasts past earnings estimates and raises full year guidance - Read more
Novartis Pluvicto sales beat’s analyst expectations, hits blockbuster status
Radiopharm, prostrate cancer, radioligand therapy - Read more
THE GOOD
Fundraises
415 Capital €150M ($165M) Second Fund
Venture capital, medical technology investment - Read more
EyePoint Pharmaceuticals upsized public offering, expected gross proceeds of $140M
Small molecule, diabetic macular edema, drug-device combo, sustained release - Read more
Pathos AI $62M Series C, AI-driven cancer asset search & patient selection
AI, oncology asset, clinical trial recruitment, cancer - Read more
Paterna BioSciences $6M Seed raise, in vitro spermatogenesis tech
Reproductive health, in vitro spermatogenesis, in vitro fertilization - Read more
Vensica Medical $11M raise
Small molecule, overactive bladder, medical device - Read more
INBRAIN Neuroelectronics $50M Series B
Brain-computer interface, neurology, Parkinson’s, stroke - Read more
Vera Therapeutics public offering, $300M expected raise
Fusion protein, IgAN, Berger’s disease, lupus nephritis - Read more
Monopar Therapeutics public offering, $19.2M expected raise
Small molecule, Wilson disease, radiopharm, cancer imaging - Read more
THE GOOD
Investments
Merck KGaA’s MilliporeSigma puts $76M into St. Louis ADC facility expansion
Antibody-drug conjugate, manufacturing, facility expansion - Read more
THE GOOD
Mergers & Acquisitions
Crescent Biopharma reverse merger with GlycoMimetics, $200M in additional financing
Bispecific antibody, cancer, antibody-drug conjugate - Read more
Quris-AI acquires Nortis
Kidney-on-Chip, drug development, AI, personalized medicine - Read more
Dr. Falk Pharma acquires Kynos Therapeutics
Small molecule, acute pancreatitis, inflammatory disease - Read more
THE GOOD
Partnerships
Ryvu Therapeutics, nCage Therapeutics research collab to develop “next-generation” ADC platform
Antibody-drug conjugate, research & development, platform development - Read more
JW Pharmaceuticals, Tempus AI anti-cancer drug development pact, utilizing real-world data and organoids
Small molecule, cancer, drug development - Read more
THE GOOD
Product Launches
Iambic Therapeutics launches an “Enchant”ing clinical outcome prediction AI
Drug development, AI, clinical outcome prediction - Read more
PacBio launches new sequencing tech, purported to enable sequencing cost drops to $500M per human genome
Sequencing, human genome, long-read sequencing - Read more
THE GOOD
Politics & Policy
White House launches private sector pilot program to combat pediatric cancer drug shortages
Drug shortages, pediatric cancer - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
Lexicon Pharmaceuticals’ sotagliflozin may face tough adcom, as FDA briefing docs hint at continued diabetic ketoacidosis risk
Small molecule, type 1 diabetes, chronic kidney disease, diabetic ketoacidosis - Read more
THE BAD
Clinical Trials
GemVax & KAEL’s GV1001 falters in Ph2
Peptide, progressive supranuclear palsy - Read more
GlycoMimetics Uproleselan misses Ph2/3 primary endpoint
Small molecule, myeloid leukemia, cancer - Read more
THE BAD
Earnings & Finances
Novartis takes a big $800M oof (write-down) of $2.9B MorphoSys acquisition due to pelabresib safety signal, longer required follow-up time pushes back potential approval by “years”
Small molecule, myelofibrosis, cancer - Read more
THE BAD
Layoffs
ElevateBio cuts 4% of their total staff, stopping preclinical cellular engineering R&D
CDMO, therapeutic development, advanced therapies - Read more [Paywall]
THE BAD
Partnerships
Neurocrine Biosciences, Idorsia part ways two years after NBI-827104 Ph2 failures
Small molecule, epilepsy - Read more
THE BAD
Strategic Plans
Sage, Biogen discontinue zuranolone devepment in the US for major depressive disorder
Small molecule, major depressive disorder - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Politics & Policy
Brain worms, bear carcasses, antivax rhetoric, “Make America Health Again”; biopharma industry braces for a potential Trump, RFK Jr.-influenced FDA
Drug policy, regulatory policy - Read more [Paywall]
THE UGLY
Warnings Letters, Form 483s
Novo Nordisk’s Ozempic manufacturing site cited by FDA earlier this year for “quality related issues”
Drug manufacturing, quality - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
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