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- Biotech & Pharma Updates | September 24 - 25, 2024
Biotech & Pharma Updates | September 24 - 25, 2024
Emergent raking in $400M in mpox, smallpox vaccine orders, Vertex’s Casgevy approved in Canada, Amgen notches mixed wins in atopic dermatitis and myasthenia graves, Genespire’s $52M Series B, Eurofins to build new $64M biologics site, AskBio’s gene therapy collab with Belief BioMed, semaglutide continues wonder-drug tirade with studies pointing to treating a chronic skin condition and opioid use disorder, 2seventy bio & BMS shutter Abecma myeloma trial, J&J allegedly slashing cardiovascular and metabolic disease divisions, Pfizer’s global recall of Oxbryta sickle cell med due to patient deaths
All the top Biotech & Pharma news in one daily newsletter.
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Vertex Pharmaceuticals’ Casgevy nabs Health Canada approval
Gene-edited cell therapy, CRISPR/Cas-9, sickle cell disease, beta thalassemia - Read more
Amgen’s Tepezza lands Japan MHLW approval
Monoclonal antibody, thyroid eye disease - Read more
Japan’s MHLW doesn’t sleep on Nxera Pharma’s insomnia med Quviviq, grants approval
Small molecule, insomnia - Read more
Junshi Biosciences scores Europrean EC approval for Loqtorzi in two solid tumor indications
Monoclonal antibody, asopharyngeal carcinoma, oesophageal squamous cell carcinoma, cancer - Read more
IntraBio scores FDA approvals for Aqneursa in Niemann-Pick disease type C (NPC) approval, second ever approval for NPC rapidly following last week’s Miplyffa (Zevra Therapeutics) approval
Small molecule, Niemann-Pick disease type C - Read more
THE GOOD
Business Development
Emergent BioSolutions raking in the infectious disease millions, confirms $400M worth of contracts related to vaccinia, smallpox, mpox vaccines
Vaccine, infectious disease, smallpox, monkeypox (mpox) - Read more
THE GOOD
Clinical Trials
Amgen notches “wins” in both atopic dermatitis (rocatinlimab) and generalized myasthenia gravis (Uplizna); investor reaction mixed
Monoclonal antibody, atopic dermatitis, generalized myasthenia gravis - Read more
More wind in Windtree Therapeutics’ sales as istaroxime notches Ph2 win in addressing low blood pressure caused by cardiogenic shock
Small molecule, cardiogenic shock - Read more
Shield Therapeutics’ iron deficiency med hits pediatric Ph3 main goal
Small molecule, iron deficiency - Read more
Arcutis Biotherapeutics touts “consistent improvement[s]” with Zoryve cream in atopic dermatitis, according to new pooled subgroup analysis Ph3 analysis
Small molecule, atopic dermatitis - Read more
GEN Pharmaceuticals showcases positive Ph2 data for GN-037 in plaque psoriasis
Small molecule, plaque psoriasis - Read more
Silexion Therapeutics “significant” Ph2 data using Loder in pancreatic cancer
RNA, pancreatic cancer - Read more
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⬇️ The Good News (Cont’d) ⬇️
THE GOOD
Fundraises
Genespire $52M Series B
Gene therapy, methylmalonic acidemia, pediatric disease - Read more
Wave Life Sciences’ $200M public offering
Oligonucleotide, RNA, Duchenne's muscular dystrophy, alpha-1 antitrypsin deficiency, Huntington’s disease - Read more
Fzata up to $7M NIH grant
Biologic, chronic visceral pain associated with inflammatory bowel syndrome - Read more
LongBio Series B2 raise, undisclosed amount
Monoclonal antibody, allergy, paroxysmal nocturnal hemoglobinuria - Read more
THE GOOD
Investments
Eurofins CDMO to build new biologics manufacturing site in Mississauga, Canada, $64.1M project ($22.4M from Canada’s Strategic Innovation Fund)
CDMO, biologics manufacturing, contract manufacturing - Read more
THE GOOD
IPOs
BioAge Labs puts numbers to IPO ambitions, $198M projected gross proceeds
Small molecule, obesity, metabolic disease - Read more
THE GOOD
Mergers & Acquisitions
OncoC4’s all-stock merger of AcroImmune
Bispecific antibody, cancer - Read more
THE GOOD
Partnerships
AskBio (Bayer) gene therapy collab with Belief BioMed
Gene therapy, drug discovery - Read more
Orion, Aitia to leverage AI-enabled oncology “digital twins” in drug discovery collab
AI-enabled drug discovery, drug development, cancer - Read more
I-Mab (TJ Biopharma) collab with Sanofi for uliledlimab development and commercialization
Monoclonal antibody, lung cancer, drug development, commercialization - Read more [Original press release in Chinese]
Coegin Pharma, Scandinavian Biolabs partner on FOL005 portfolio development
Peptide, hair growth, drug development - Read more
THE GOOD
Product Launches
PicnicHealth launches Virtual Site, tool to enable virtual observational studies
Clinical trial design, decentralized clinical trials - Read more
THE GOOD
Research
Semaglutide use linked to reduced hidradenitis suppurativa (chronic skin condition) flares and improved quality of life in obese patients
GLP-1, obesity, hidradenitis suppurativa - Read more
Semaglutide use also linked to lowered overdose rates in type 2 diabetes patients with opioid use disorder
GLP-1, type 2 diabetes, opioid use disorder - Read more [Paywall]
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
2seventy bio, Bristol Myers Squibb shutter Abecma multiple myeloma trial
Cell therapy, multiple myeloma, cancer - Read more
Merck & Co. Keytruda + favezelimab colorectal cancer combo misses in Ph3
Monoclonal antibody, colorectal cancer - Read more
Despite Celldex Therapeutics’ positive barzolvolimab Ph2 data in chronic hives, elevated rate of patient discontinuations spook investors
Monoclonal antibody, chronic hives - Read more [Paywall]
THE BAD
Layoffs
Johnson & Johnson allegedly shuttering cardiovascular and metabolic drug units
Cardiovascular diseases, metabolic disease - Read more [Paywall]
Fulcrum Therapeutics cuts 29 staffers (36% reduction)
Small molecule, sickle cell disease - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Clinical Trials
A Moderna trial site enticed kids with candy…I mean $2000 to participate in COVID-19 clinical trial, drawing UK’s PMCPA ire
Vaccine, COVID-19 booster - Read more
THE UGLY
Withdrawals & Recalls
Pfizer initiates global withdrawal of Oxbryta after patient deaths
Small molecule, sickle cell disease - Read more
Gilead recalls single lot of COVID-19 antiviral Veklury due to glass particulates in vials
Small molecule, COVID-19, antiviral - Read more
You’re all caught up on the latest Pharma & Biotech News!
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