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- Biotech & Pharma Updates | July 25 - 28, 2024
Biotech & Pharma Updates | July 25 - 28, 2024
BMS' strong earnings bump stock up 10%, Dexcom stock drops 40% after lowering 2024 sales forecast, multiple big pharmas land EU adcomm thumbs up, while Biogen, Eisai's Leqembi for Alzheimer's gets a thumbs down from the same committee, and Confo Therapeutics raises $65M for small molecule & antibody drug discovery
Glucose monitoring org Dexcom shares plunge 40% after lowering 2024 sales guidance. | Gif: theoffice on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Johnson & Johnson, Astellas, Ipsen all get EU adcomm (CHMP) thumbs up
Small molecule, pulmonary arterial hypertension, liver disease, monoclonal antibody, adenocarcinoma, cancer - Read more
AbbVie snags EC (Europe) approval for fourth Skyrizi indication
Monoclonal antibody, ulcerative colitis - Read more
Sun Pharma basks in the glow of an FDA approval for their alopecia hair loss med
Small molecule, alopecia areata - Read more
CStone Pharmaceuticals lands EC approval for lung cancer antibody
Monoclonal antibody, non-small cell lung cancer - Read more
THE GOOD
Clinical Trials
Calliditas Therapeutics doesn’t get stiffed by their Ph2b clinical trial, meets primary endpoint
Small molecule, primary biliary cholangitis, liver stiffness - Read more
CEL-SCI unbiased with their post-Ph3 bias analysis
Cancer vaccine, neoadjuvant (pre-surgery) immunotherapy, head & neck cancer - Read more
THE GOOD
Earnings & Finances
Bristol Myers Squibb ended the week on a high-note; stronger than expected earnings sent stock up 9% - Read more
THE GOOD
Fundraises
Confo Therapeutics €60M ($65M) Series B
Small molecule, antibody, drug discovery - Read more
ReviR Therapeutics $30M Series A
Small molecule, Huntington's disease, Charcot-Marie-Tooth disease, amyotrophic lateral sclerosis - Read more
ProMIS Neuroscience $122.7M private placement
Antibody, Alzheimer’s disease, amyotrophic lateral sclerosis, multiple system atrophy - Read more
THE GOOD
Partnerships
Eisai, Medidata partner on clinical trial data studio
Clinical trial management, data studio - Read more
Innovent Biologics, WeComput AI-driven drug discovery partnership
AI, drug discovery & development, R&D - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
EMA adcomm not impressed enough by Biogen, Eisai’s Leqembi to give their recommendation
Monoclonal antibody, Alzheimer’s disease - Read more
THE BAD
Clinical Trials
Bristol Myers Squibb does about-face, halts multiple myeloma program months after filing for Ph3
Bispecific antibody, multiple myeloma, cancer - Read more
Acticor Pharma discontinues Ph2/3 blood thinner trial after futility analysis
Antibody fragment, adjunct therapy, blood thinner, stroke - Read more
THE BAD
Earnings & Finances
Dexcom stock shatters after lowering 2024 sales forecast
Medical device, continuous glucose monitoring, diabetes - Read more
THE BAD
Lawsuits
Pfizer, BioNTech call GSK COVID-19 patent suit “unenforceable”
Covid-19 vaccine, drug patent - Read more [Paywall]
THE BAD
Layoffs
Cue Biopharma cuts 25% of staff, seeks partnerships to further oncology pipeline
Fusion protein, HPV, carcinoma, cancer - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Patient Access
FDA warns of dosing errors in compounded semaglutide products
GLP-1, obesity, diabetes - Read more
You’re all caught up on the latest Pharma & Biotech News!
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