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- Biotech & Pharma Updates | September 19 - 22, 2024
Biotech & Pharma Updates | September 19 - 22, 2024
FTC sues big three pharmacy benefit managers over insulin prices, AstraZeneca’s (MedImmune) nasal spray flu vaccine scores FDA approval, J&J adds third Rybrevant lung cancer indication, Gilead contracts Yuhan corp for HIV drug ingredient manufacturing, FDA site inspectors hiring ongoing to combat inspection backlog, Novo’s CB1 obesity med takes Ph2 hit over neuropsychiatric side effects, BMS to cut 79 New Jersey-based staffers, Monkey outbreak rages on in Africa
The FTC takes big three PBMs to court over insulin prices. | Gif: southpark on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
AstraZeneca-acquired MedImmune scores first FDA approval for at-home nasal spray influenza vaccine
Vaccine, influenza, nasal spray - Read more
Johnson & Johnson three-peat for Rybrevant lung cancer indications approved by FDA
Bispecific antibody, lung cancer - Read more
Zevra Therapeutics’ Miplyffa approved by FDA for Niemann-Pick disease
Small molecule, Niemann-Pick disease - Read more
Ipsen’s Iqirvo gets EU approval for primary biliary cholangitis
Small molecule, primary biliary cholangitis, liver disease - Read more
Samsung Bioepis, Biogen’s SB15 biosimilar (Regeneron’s Eylea) scores positive CHMP opinion
Fusion protein, wet AMD, macular oedema secondary to retinal vein occlusion, diabetic macular oedema, myopic choroidal neovascularisation - Read more
THE GOOD
Business Development
Gilead pays Yuhan Corporation $81M for HIV drug ingredient manufacturing
Small molecule, HIV, antiretroviral - Read more
THE GOOD
Clinical Trials
Sanofi uncovers “mixed” Ph3 tolebrutinib, forecasts 2024 approval filing
Small molecule, multiple sclerosis - Read more
Oncolytics Biotech attempts to charm with “favorable” BRACELET-1 Ph2 data, pelareorep-based combination therapy
Oncolytic virus, breast cancer - Read more
THE GOOD
Fundraises
YK Bioventures outlines $100M fund plans
Biotech venture capital - Read more [Paywall]
THE GOOD
Mergers & Acquisitions
Stryker makes big-brain move, acquires brain surgery-focused Nico
Surgical technology, brain surgery - Read more
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⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Regulatory
FDA attempts to quell inspection shortfall consternation, says “[site inspector] hiring rates outpace our attrition“
Site inspections - Read more
THE GOOD
Research
Duo of new studies points towards new potential neurodegenerative disease approaches; mouse models
Neurodegenerative disease, Alzheimer’s disease - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
Apellis Pharmaceuticals’ pegcetacoplan again rejected by EMA
Peptide, geographic atrophy - Read more
THE BAD
Clinical Trials
Lose weight & your mind? Novo Nordisk stock takes hit after obesity-hopeful monlunabant’s Ph2 reports cases of “mild to moderate neuropsychiatric side effects”
Small molecule, obesity - Read more
Genfit faces slower-than-expected enrolment for VS-01 Ph2 trial
Small molecule, acute on-chronic liver failure - Read more
Novo Nordisk axes an etavopivat Ph2 trial originating from $1.1B Forma Therapeutics acquisition
Small molecule, myelodysplastic syndromes, anemia - Read more [Paywall]
THE BAD
Lawsuits
FTC goes lawsuit mode on big three PBMs over insulin prices
Pharmacy benefit manager, drug pricing, insulin - Read more
THE BAD
Layoffs
Bristol Myers Squibb to cut 79 more New Jersey-based staffers - Read more
THE BAD
Partnerships
Yuhan Corporation ends 4th-gen EGFR-targeted anticancer R&D collab with Johnson & Johnson, keeps 3rd gen collab
Small molecule, cancer - Read more
Gilead’s Kite Pharma ditches China CAR-T collab with Fosun Pharmaceuticals, latter to buy out former’s China-stake for $27M
Cell therapy, CAR-T, cancer - Read more
THE BAD
Politics & Policy
PhRMA’s Medicare drug pricing offensive revived in US appeals court
Inflation reduction act, drug pricing - Read more [Paywall]
⬇️ The Ugly News ⬇️
THE UGLY
Patient Access
Eli Lilly makes unusual request for compounded GLP-1 users’ medical histories
GIP/GLP-1, obesity - Read more
THE UGLY
Public Health
Africa’s Monkeypox outbreak is still out of control
Infectious disease, monkeypox (mpox) - Read more
You’re all caught up on the latest Pharma & Biotech News!
Gif: mistercrisp on Giphy
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