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- Biotech & Pharma Updates | September 17 - 18, 2024
Biotech & Pharma Updates | September 17 - 18, 2024
Novo Nordisk’s $600M biobucks deal with NanoVation Therapeutics, Roivant sells derm division to Organon, Merck’s Keytruda nabs another indication, BMS and Novartis both boast long term MS data, Brenus Pharma $25M Series A for cancer vaccines, Insilico Medicines' dubious clinical efficacy data, Guardant Health CEO calls cap on Exact Science’s blood-based colon cancer test, Novo Nordisk accused of excessive Ozempic price gouging
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Merck & Co.’s Keytruda adds another indication, FDA accelerated approval for front-line mesothelioma
Monoclonal antibody, mesothelioma, cancer - Read more
AstraZeneca’s Fasenra lands FDA approval for rare, immune-mediated vasculuar disorder
Monoclonal antibody, eosinophilic granulomatosis with polyangiitis - Read more
Applied Therapeutics’ stock jumps as FDA cancels planned govorestat adcomm
Small molecule, cassic galactosemia - Read more
GE Healthcare’s amyloid imaging software lands FDA clearance
Medical image analysis, PET scan, Alzheimer’s disease - Read more
THE GOOD
Clinical Trials
Bristol Myers Squibb touts positive long-term Zeposia data for MS
Small molecule, multiple sclerosis - Read more
Novartis also showcases long-term Kesimpta data for MS
Monoclonal antibody, multiple sclerosis - Read more
GSK posts positive Ph3 data in Arexvy, Shingrix vaccine co-administration
Vaccine, respiratory syncytial virus, shingles - Read more
Purple Biotech’s positive Ph2 interim data for CM24 in pancreatic cancer
Monoclonal antibody, pancreatic cancer - Read more
Innovent Biologics touts positive IBI363 Ph1 response in colorectal cancer
Fusion protein, colorectal cancer - Read more
THE GOOD
Fundraises
EpicentRx receives US DoD translational reward for RRx-001
Small molecule, radioprotector, chemoprotector, neurodegeneration - Read more
Brenus Pharma $25M Series A
Cancer vaccines, colorectal cancer - Read more
Syntax Bio funding (undisclosed amount)
Stem cell differentiation, CRISPR, platform technology - Read more
PRESENTED BY ENMORE BIO
China's Largest Biotech Event: BIOCHINA 2025
BIOCHINA 2025 will take place from March 13-15, 2025, spanning 50,000 square meters and accommodating 30,000 participants across 3,000 biotech and biopharmaceutical companies with significant involvement from decision-makers - an ideal venue for fostering partnerships for business development and supply chain optimization.
Key topics will include cell and gene therapy, antibody drugs, and vaccines, with exhibits featuring pharmaceutical and biotech upstream suppliers, including CROs and CDMOs.
⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Mergers & Acquisitions
Roivant’s dermatology subsidiary Dermavant sold to Organon for $175M upfront + $1B in potential milestones
Dermatology, plaque psoriasis, atopic dermatitis, eczema - Read more
THE GOOD
Partnerships
Novo Nordisk’s $600M biobucks deal with NanoVation Therapeutics, partnering on genetic medicine delivery beyond the liver
Drug delivery, lipid nanoparticle, base-editing therapy - Read more
Ori Biotech deepens partnership with Charles River Laboratories after formers’ recent automated CGT manufacturing platform announcement
Cell & gene therapy manufacturing, automated manufacturing, CDMO - Read more
Axcelead Drug Discovery Partners, Eli Lilly partner on (you guessed it) drug discovery
Small molecule, drug discovery, AI - Read more
THE GOOD
Politics & Policy
US Fed cuts rates; what it means for biotech and VC
Interest rate, biotech funding, venture capital - Read more [Paywall]
Oregon lawmakers mull PBM regulations to support dwindling number of independent pharmacies
Pharmacy benefit managers - Read more
“Greater action is needed” in bolstering US biopharma supply chains with manufacturing tech; US Senators comment
Supply chain, manufacturing tech - Read more [Paywall]
THE GOOD
Research
Ichnos Sciences, Glenmark Innovations trispecific antibody bests Johnson & Johnson’s Tecvayli in shrinking multiple myeloma tumors in mice
Trispecific antibody, multiple myeloma, cancer - Read more
Hoth Therapeutics’ take on anti-nausea agent aprepitant reduced astrocytes, improved cognitive function in Alzheimer’s mouse models
Small molecule, Alzheimer’s disease - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Insilico Medicine posts promising ISM001-055 Ph2a safety data, though doubts swirl regarding efficacy data
Small molecule, idiopathic pulmonary fibrosis - Read more
THE BAD
Patient Access
Theratechnologies’ telegraph early 2025 Engrifta SV supply shortage due to third-party CMO facility shutdown
Peptide, HIV-associated lipodystrophy, contract manufacturing, CMO - Read more
THE BAD
Politics & Policy
Sparks fly between policy experts & lawmakers at Inflation Reduction Act hearing
Inflation reduction act (IRA), drug pricing - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Opinions
Guardant Health CEO calls cap on Exact Science’s blood-based colon cancer test, makes public wager
Blood test, diagnostics, colon cancer screening - Read more [Paywall]
THE UGLY
Politics & Policy
HRSA threatens Johnson & Johnson with fines, termination from 340B program over “unapproved [340B] rebate proposal“
340 discount pharmacy program, drug rebates - Read more
Novo Nordisk again draws Senator Bernie Sanders’ ire, latter claims former can manufacture Ozempic for <$100/month
GLP-1, obesity, drug pricing - Read more
THE UGLY
Strategic Plans
Everyone decides to jump off the bridge at 23andme, as entire independent board of directors resigns
Genetic testing - Read more
You’re all caught up on the latest Pharma & Biotech News!
Arrrr it be International Talk like a Pirate Day, ya filthy landlubber! | Gif: supersimple on Giphy
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