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- Biotech & Pharma Updates | September 22 - 23, 2024
Biotech & Pharma Updates | September 22 - 23, 2024
Sanofi scores first-line multiple myeloma approval, Sanofi buys Ventyx's Parkinson’s, obesity asset for $27M, Teva’s once-monthly schizophrenia med hits safety and efficacy endpoints, ViceBio’s $100M raise for next-gen respiratory illness vaccines, CAMP4 goes for $75M IPO, Telix acquires RLS Radiopharmacies, AstraZeneca & Daiichi’s breast cancer ADC stumbles in Ph3, J&J raises Talc settlement offer to $8B
All the top Biotech & Pharma news in one daily newsletter.
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Ipsen lands EC approval for Kayfanda in rare liver disease
Small molecule, cholestatic pruritus in Alagille Syndrome - Read more
Sanofi scores first-line approval for Sarclisa in multiple myeloma, directly competing with Johnson & Johnson’s Darzalex
Monoclonal antibody, multiple myeloma, cancer - Read more
UCB’s Bimzelx scores FDA approval for triad of autoimmune disorders
Monoclonal antibody, active psoriatic arthritis, non-radiographic axial spondyloarthritis, active ankylosing spondylitis - Read more
LEO Pharma’s topical Anzupgo’s EC approval for chronic hand eczema
Small molecule, chronic hand eczema - Read more
THE GOOD
Business Development
Sanofi buys exclusive rights to Ventyx Biosciences’ VTX3232 for $27M
Small molecule, Parkinson’s disease, obesity - Read more
Context Therapeutics buys global rights to bispecific antibody BA3362 from BioAlta for $11M upfront, $122.5M biobucks
Bispecific antibody, solid tumor, cancer - Read more
THE GOOD
Clinical Trials
Black Diamond Therapeutics stock pops (then returns to earth) after encouraging Ph2 initial data for BDTX-1535
Small molecule, oral cancer - Read more
Biohaven present positive pivotal data for troriluzole in spinocerebellar ataxia
Small molecule, spinocerebellar ataxia - Read more
Ideaya Biosciences posts positive interim Ph2 data for darovasertib in neoadjuvant uveal melanoma
Small molecule, melanoma, cancer - Read more
Teva Pharmaceuticals’ showcases once-monthly subcutaneous olanzapine safety data in Ph1, with primary endpoint hit for Ph3
Small molecule, schizophrenia - Read more
ORYZON Genomics touts vafidemstat Ph2b data in borderline personality disorder
Small molecule, borderline personality disorder - Read more
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⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Fundraises
ViceBio $100M raise for “next-generation [respiratory illness] vaccines”
Vaccine, respiratory syncytial virus, human metapneumovirus - Read more
THE GOOD
IPOs
CAMP4 Therapeutics files for $75M IPO
RNA, urea cycle disorder - Read more
THE GOOD
Mergers & Acquisitions
Telix Pharmaceuticals radios in $230M upfront + $20M biobucks to purchase RLS Radiopharmacies, vertical integration play
Radiopharma, radiopharmacy - Read more
VaLogic acquires life science facility firm Facility Logix
Life science facility building, GxP compliance platform - Read more
Longevity Biomedical acquired by SPAC FutureTech II Acquisition Corp. to go public on NASDAQ
Allogeneic tissue biomaterial, soft tissue reconstruction, medical device, stroke, retinal vein occlusion - Read more
THE GOOD
Partnerships
Nicox, Glaukos preclinical research partnership for NCX 1728, option for licensing agreement in the future
Small molecule, intraocular pressure, ophthalmic disorders - Read more
THE GOOD
Research
A potential surgery-free solution to cataracts might be found in…hibernating squirrels?
Cataracts - Read more
THE GOOD
Strategic Plans
Rejuveron Life Sciences rebrands to Centenara Labs
Longevity medicine, corporate rebrand - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
AstraZeneca, Daiichi Sankyo’s breast cancer ADC hopeful datopotamab deruxtecan stumbles in Ph3, inadequate survival benefit
Antibody-drug conjugate, breast cancer - Read more
THE BAD
Politics & Policy
Eli Lilly, Amgen in the hot seat as Sen. Cassidy (R-LA) wants answer for their 340B contract pharmacy restrictions
340B drug pricing, contract pharmacy - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Johnson & Johnson raises talc settlement offer to $8B as “Texas two-step” legal strategy continues
Talc, ovarian cancer - Read more
THE UGLY
Public Health
CDC acknowledges that a second healthcare worker had bird flu respiratory symptoms but was never tested
H5N1 bird flu, infectious disease - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
When I run out of ideas, typing the day of the week into Giphy and posting whatever shows up tends to do the trick. | Gif: justin on Giphy
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