• TLDR Biotech
  • Posts
  • 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

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

What to understand how these updates are formatted? Check-out the FAQ.

Have any feedback? I’d love to hear you from - connect with me on LinkedIn. 📣

Looking to reach an audience of 800+ biotech and pharma professionals? Let’s chat. 👍

⬇️ 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

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
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

ENJOYING THESE NEWSLETTERS?
Support TLDR Biotech🧬🦠🔬 

I’m offering this newsletter for free so it can get out to as many people as possible.

If you’re getting value out of these daily compilations, please consider a paid subscription (only $5/month) to support my continued work on this project.*

*Best of all, it’s a work-related news source that you can likely expense. 😉 

⬇️ 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!

Coffee Mood GIF by Mister Crisp

Gif: mistercrisp on Giphy

TLDR Biotech wants to hear from you! 📣

Have comments/questions/complaints about this newsletter?
Send me an email - I want your brutally honest feedback. 📝

Last thing - if you find the content useful and think a colleague would too, please share TLDR Biotech with them! ♻️

Disclaimer: Content, news, research, tools, and mention of stock or tradeable securities are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here.