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- Biotech & Pharma Updates | July 17 - 18, 2024
Biotech & Pharma Updates | July 17 - 18, 2024
Novartis has a good (also not good) earnings day, Exscientia buys back asset from partner GT Apeiron, a 7th person seemingly cured of HIV infection, argenx showcases 2030 plans, J&J discontinues Addex Therapeutics epilepsy partnership
Novartis has a hot n cold earnings days - beating Q2 earning estimates but doubts circle about a MorphoSys acquired asset and their stock takes a hit after dropping a KRAS cancer asset.
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Autoimmune Cell Therapy
We’ve put together an overview and infographic on the autoimmune cell therapy space - you can check that out here.
⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Phathom Pharmaceuticals’ Voquezna (vonoprazan) lands FDA approval for non-erosive GERD
Small molecule, non-erosive gastroesophageal reflux disease - Read more
THE GOOD
Business Development
Exscientia buys back CDK7 drug from partner GT Apeiron for $20M
Small molecule, combo therapy, breast cancer - Read more
Inventiva issues €20.1M ($21.9M) worth of royalty certificates for their future NASH/MASH asset (currently in Ph3)
Small molecule, metabolic dysfunction-associated steatohepatitis (MASH), also known as non-alcoholic steatohepatitis (NASH) - Read more
OPKO Health, HealthCare Royalty enter into $250 Million note purchase agreement,
Protein, human growth hormone, pediatric growth hormone deficiency - Read more
THE GOOD
Clinical Trials
World first - autoimmune patients respond to allogeneic CAR-T treatment
Allogeneic CAR-T cell therapy, immune-mediated necrotizing myopathy (IMNM), diffuse cutaneous systemic sclerosis (dcSSc) - Read more
Pfizer, Valenva tick off primary vaccinations of participants in their Ph3 Lyme disease vaccine trial
Vaccine, Lyme disease - Read more
Roche touts Ph3 durability of Vabysmo in eye diseases and in recently relaunched eye implant Susvimo
Monoclonal antibody, diabetic retinopathy, diabetic macular edema - Read more
Teva Pharmaceuticals’ Ph3 success in paediatric migraine prevention
Monoclonal antibody, paediatric migraine prevention - Read more
THE GOOD
Earnings & Finances
Johnson & Johnson depression med near-blockbuster status bodes well for psychedelics
Small molecule, treatment-resistant depression, major depressive disorder - Read more
Novartis beats Q2 estimates thanks to blockbusters
Monoclonal antibody, small molecule, heart failure, arthritis - Read more
Abbott bumps up full-year forecast after low double-digit sales growth in Q2
Medical device - Read more
THE GOOD
Fundraises
TMRW Life Sciences $28M Series D
Fertility, egg freezing - Read more [Paywall]
Novocuff $26M Series A
Medical device, preterm birth, cervical shortening, premature rupture of membranes - Read more
THE GOOD
Investments
Parker Institute will invest $125M into bringing cell therapies closer to front-line use
Cell therapy - Read more
THE GOOD
Partnerships
GSK, Sanofi, Denali participate in Foundation for the National Institutes of Health Parkinson’s biomarker project
Parkinson’s disease, unique biomarker study - Read more
Good news as GoodRx and Boehringer Ingelheim strike partnership to make Humira biosimilar available at discounted price
Monoclonal antibody, autoimmune, anti-inflammatory, biosimilar - Read more
Takeda, nference partner on AI-powered IDB care
AI, personalized, inflammatory bowel disease - Read more
THE GOOD
Research
“The Next Berlin Patient” - 7th person ever seemingly cured of HIV infection
Human immunodeficiency virus, acquired immunodeficiency syndrome - Read more
KRAS cancer drug eases symptoms of ultra-rare blood vessel condition in two patients; study
Small molecule, severe arteriovenous malformations - Read more [Paywall]
THE GOOD
Strategic Plans
argenx showcases big 2030 plans at their R&D day
Antibody fragment, myasthenia gravis - Read more
Novartis isn’t planning on being a late entrant to the GLP-1 obesity game, but they still have a few potential aces in the works
GLP-1, obesity - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
FDA “advises against” Agenus applying for accelerated approval for their colorectal cancer combo therapy
Monoclonal antibody, combo therapy, colorectal cancer - Read more
THE BAD
Clinical Trails
AVEO Oncology uh oh as kidney cancer combo flunks Ph3
Monoclonal antibody, small molecule, combo therapy, renal cell carcinoma - Read more
Novartis waits on more clinical data from €2.7B ($2.9B) MorphoSys acquired myelofibrosis asset before attempting filing
Small molecule, myelofibrosis - Read more
THE BAD
Earnings & Finance
Despite beatings Q2 earnings, Novartis stock takes hit after ditching KRAS-blocking cancer drug due to incumbent competitors Amgen, Bristol Myers Squibb
Small molecule, cancer - Read more
THE BAD
Marketing
PhRMA isn’t beneath running attack ads, blaming PBMs for drug pricing
Drug pricing, lobby, pharmacy benefit manager - Read more
THE BAD
Partnerships
Insult to injury; Johnson & Johnson ditches Addex Therapeutics partnership after latter’s epilepsy treatment flunks in Ph2
Small molecule, epilepsy - Read more
THE BAD
Research
Despite FDA green light for non-animal models in R&D, regulatory concerns still persist (and hinder their adoption)
Non-animal models, drug development - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Ardelyx sues Medicare/medicaid (CMS) over phosphate-lowering therapies coverage
US Department of Health & Human Services, Centers for Medicare and Medicaid Services, reimbursement, small molecule - Read more
THE UGLY
Marketing
AstraZeneca “skewered” by UK marketing watchdog
Drug marketing, Prescription Medicines Code Of Practice Authority - Read more
THE UGLY
Patient Access
Between the obesity/GLP-1 craze and Novo Nordisk discontinuing long-acting insulting Levemir, insulin users fear being left behind
Insulin, diabetes - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
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