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- Biotech & Pharma Updates | July 14 - 15, 2024
Biotech & Pharma Updates | July 14 - 15, 2024
Legend Biotech's alleged takeover bid, Artiva (2nd attempt) IPO aims for $135M raise, Vertex wants to cover Casgevy patient's fertility support services, Lexeo's gene therapy data disappoints, and GSK moves into London HQ
The rumor mill spins as Legend Biotech allegedly considers a takeover bid. | Gif: miracleworkers on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Roche’s subcutaneous Ocrevus formulation lands NHS approval
Monoclonal antibody, multiple sclerosis (MS) - Read more
THE GOOD
Business Development
Aries Science & Technology, Enveric Biosciences licensing agreement; up to $61M in biobucks + royalties
Topical, radiation dermatitis, radiation burn - Read more
THE GOOD
Clinical Trials
With promising data, Revolution Medicines plans Ph3 push with pancreatic cancer therapy
Small molecule, pancreatic cancer - Read more
Roche shares more Ph1b trial obesity data, plans for Ph2
GLP-1/GIP, obesity - Read more [Paywall]
THE GOOD
Company Launches
Lupin divests their US-based Women's Health business to Evofem Biosciences
Consumer health, women’s health, antimicrobial, bacterial vaginosis (BV), trichomoniasis - Read more
THE GOOD
Fundraises
AusperBio $37M Series A, developing oligonucleotides against hepatitis B
Antisense oligonucleotide, hepatitis B - Read more
MediWound $25M Strategic private placement (PIPE)
Proteolytic enzymes, eschar removal, thermal burns - Read more
Digestiva $18.4M Series A
Protein, protease, food biotech, nutrition - Read more
Bedal International $11M fundraise
Medical device, catheter securement - Read more
Velentium $15M Growth financing
Medical device, consulting, implantable device, wearable device - Read more
Modicus Prime $3.5M Seed raise
Biologics image analysis, computer vision, quality control - Read more
THE GOOD
Investments
GSK moves into new HQ digs in central London
Headquarters, office space - Read more
Lenz Therapeutics $30M investment from Ridgeback Capital
Small molecule, presbyopia, vision loss - Read more
THE GOOD
IPOs
Artiva Biotherapeutics hopes for a more forgiving IPO environment this time around, $135M targeted raise
Allogeneic NK (natural killer) cell therapy, lupus nephritis - Read more
THE GOOD
Lawsuits
Vertex Pharmaceuticals wants to pay for fertility support services related to Casgevy treatment prep, sues US government
CRISPR/Cas9 gene-edited therapy, sickle cell disease - Read more [Paywall]
THE GOOD
Mergers & Acquisitions
J&J-partnered Legend Biotech allegedly receives takeover bid
Autologous CAR-T cell therapy, multiple myeloma, cancer - Read more
AstraZeneca officially closes acquisition of Amolyt Pharma
Therapeutics peptides, hypoparathyroidism, endocrine diseases - Read more
Lantheus acquires Meilleur Technologies
Radiopharmaceutical diagnostics, PET imaging agent - Read more
Edwards Lifescience to acquire Innovalve Bio Medical for $300M cash
Transcatheter mitral valve replacement, heart disease - Read more
THE GOOD
Opinions
Big pharma might be facing a huge patent cliff, but they have enough monetary firepower to overcome as “conditions for M&A are favorable”
Patent cliff, mergers & acquisitions - Read more
“Congress must reauthorize FDA Program for Pediatric Rare Diseases“; opinion
Rare pediatric disease priority review voucher program - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Lexeo Therapeutics gene therapy data is promising, but gaps emerge that worry investors
Gene therapy, Friedreich ataxia - Read more
THE BAD
IPOs
Destiny Pharma goes private to avoid liquidation
Small molecule, antimicrobial, nasal infection - Read more
THE BAD
Regulatory
EMA warns doctors and patients of potential aspiration risk under sedation when taking GLP-1s
GLP-1, aspiration pneumonia, pulmonary aspiration, delayed gastric emptying - Read more
THE BAD
Strategic Plans
Eli Lilly faces “tepid” Alzheimer’s market following Kisunla (donanemab) approval
Monoclonal antibody, Alzheimer’s disease - Read more
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⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
J&J wants “meritless” class action talc suit dismissed
Talc powder, class action suit - Read more [Paywall]
THE UGLY
Regulatory
FDA considers regulating ultra-processed foods - Read more [Paywall]
THE UGLY
Shortages
BD’s BACTEC blood culture vials in short supply, FDA urges rationing
Diagnostics, blood tests, blood infection - Read more
You’re all caught up on the latest Pharma & Biotech News!
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