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- Biotech & Pharma Updates | September 23 - 24, 2024
Biotech & Pharma Updates | September 23 - 24, 2024
Novartis’ $1B+ biobucks deal with Generate:Biomedicines, Capricor stock explodes on cell therapy BLA filing intention, Biogen & UCB's two decade lupus struggle seemingly vindicated with a Ph3 win, Constructive Bio’s $58M Series A for cellular bio factories, cell therapy CDMO Minaris to be acquired by investment firm Altaris, Lonza signs on to manufacture Vertex’s Casgevy CRISPR-based therapy, bluebird and AGC both announces layoffs, Baltimore sues Biogen over alleged PBM “bribes” to stifle MS generic competition
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Eli Lilly’s Kisunla scores Japan MHLW approval
Monoclonal antibody, Alzheimer’s disease - Read more
HutchMed lands Japan MHLW approval for Fruzaqla
Small molecule, colorectal cancer - Read more
Aurinia Pharmaceuticals’ Japan MHLW approval for Lupkynis
Peptide, lupus nephritis - Read more
Catalyst Pharmaceuticals, DyDo Pharma land Japan MHLW approval for Firdapse
Small molecule, autoimmune, Lambert-Eaton myasthenic syndrome - Read more
Capricor Therapeutics stock skyrockets after announcing FDA BLA filing intention for deramiocel in DMD
Cell therapy, Duchenne muscular dystrophy cardiomyopathy - Read more
Roche’s dual-stain cytology test for cervical cancer prevention get’s WHO endorsement
Cancer screening, cytology, cervical cancer - Read more
THE GOOD
Business Development
Surrozen scores $10M milestone payment as Boehringer Ingelheim prepares SZN-413 for clinical testing
Bispecific antibody, retinal vascular disease - Read more
THE GOOD
Clinical Trials
Wave Life Sciences stock jumps on positive interim Ph2 data for WVE-N531 in DMD
Oligonucleotide, Duchenne’s muscular dystrophy - Read more
Biogen, UCB’s lupus trials vindicated after nearly two decades, positive Ph3 results for dapirolizumab pegol
Fab fragment, lupus - Read more
Metsera showcases enticing Ph1 data for ultra-long lasting GLP-1 agonist MET-09
GLP-1, obesity - Read more
THE GOOD
Company Launches
Aptadir Therapeutics launches with $1.6M Pre-seed and a new class of RNA-inhibitors
Small molecule, myelodysplastic syndrome - Read more
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⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Fundraises
Constructive Bio $58M Series A
Cellular biofactories, manufacturing - Read more
LIfT Biosciences £10M ($18M) Series A
Cell therapy, allogeneic, cancer - Read more
VerImmune $4.5M Pre-Series A first close
Virus-inspired particles, cancer - Read more
Bio-Sourcing €2.5M ($2.8M) in grants and €10M ($11.2M) in equity from the Europe’s EIC Accelerator for goat-based biomanufacturing
Monoclonal antibody, biomanufacturings, goats - Read more
ResVita Bio $2M NIH grant
Protein therapy, Netherton Syndrome - Read more
THE GOOD
Investments
PCI Pharma Services plans US and EU expansions to the tune of $365M
CDMO, contract manufacturing, site expansion - Read more
THE GOOD
Lawsuits
Amgen notches legal win against Regeneron in Pavblu (Eylea biosimilar) row
Fusion protein, macular degeneration, biosimilar - Read more
THE GOOD
Mergers & Acquisitions
Minaris Regenerative Medicine to be acquired by investment firm Altaris
CDMO, cell therapy, contract manufacturing - Read more
THE GOOD
Opinions
Physician survey suggests reasons for why AbbVie’s Humira is still holding on despite increased biosimilar pressure
Monoclonal antibody, autoimmune, biosimilar - Read more
THE GOOD
Partnerships
Novartis makes “multi-target collaboration” with Flagship Pioneering’s Generate:Biomedicines, $65M upfront (includes $15M equity purchase) & $1B+ in biobucks
Protein, drug discovery, AI - Read more
Adaptimmune Therapeutics finalizes collaboration termination settlement with Genentech, Roche
Cell therapy, allogeneic T-cell, cancer - Read more
Lonza, Vertex Pharmaceuticals sign supply agreement for Casgevy
Gene-edited cell therapy, CRISPR, CDMO, manufacturing - Read more
Legend Biotech, Multiply Labs partner on enabling robotics-driven cell therapy manufacturing
Cell therapy manufacturing, robotics, automated manufacturing - Read more
Nona Biosciences, Alkyon Therapeutics sign immunotherapy discovery and development collaboration
Monoclonal antibody, drug development, drug discovery, solid tumor, cancer - Read more
Ribo Life Science, Ribocure Pharmaceuticals sign RNA drug discovery, development partnership with Pheiron
RNA, drug discovery, drug development - Read more
THE GOOD
Politics & Policy
US reauthorizes FDA’s rare pediatric priority review voucher program
Rare pediatric disease priority review voucher - Read more [Paywall]
Sen. Bernie Sanders assures Novo Nordisk that they won’t be penalized by PBMs for lowering GLP-1 prices
GLP-1, obesity, drug pricing, pharmacy benefit manager - Read more [Paywall]
US lawmakers push for “march-in” rights to allow generic versions of GLP-1 drugs to enter US market, promote competition and lower prices
GLP-1, obesity, drug pricing, drug patent - Read more
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⬇️ The Bad News ⬇️
THE BAD
Layoffs
bluebird bio goes through restructuring again, lays off another 25% of workforce
Gene therapy - Read more
AGC Biologics mothballs Colorado CGT manufacturing facility, lays off 68 employees
CDMO, cell and gene therapy manufacturing, contract manufacturing - Read more
THE BAD
Mergers & Acquisitions
Revance Therapeutics acquisition by Crown Laboratories hits speed pump due to Teoxane dispute
Recombinant protein, neurotoxin, glabellar lines, cervical dystonia - Read moreRead more
THE BAD
Politics & Policy
Novo Nordisk’s CEO ain’t buying PBM no-penalization promise if GLP-1 blockbuster prices drop
GLP-1, obesity, drug pricing - Read more [Paywall]
THE BAD
Regulatory
FDA considers narrowing PD-1 inhibitor labels in stomach cancer, could affect Bristol Myer Squibb’s Opdivo, Merck & Co.’s Keytruda and BeiGene’s Tevimbra
Monoclonal antibody, stomach cancer - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Baltimore sues Biogen over alleged PBM “bribes” to favour their Tecfidera MS drug over generics
Small molecule, multiple sclerosis, generic, pharmacy benefit manager - Read more [Paywall]
THE UGLY
Public Health
SIGA Technologies fires their CMO after pandemic-era parties disclosed in secret recordings
Covid-19, pandemic - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
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