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- Biotech & Pharma Updates | July 28 - 29, 2024
Biotech & Pharma Updates | July 28 - 29, 2024
GSK and Flagship sign 10 drug development partnership, Boehringer Ingelheim pays up to $1.3B for Nerio Therapeutics, Merck gets positive Keytruda opinion from CHMP, Spear Bio spears $45M Series A, Cognition Therapeutics handed Ph2 Alzheimer's L, and Pfizer lays off 200+ employees across two sites
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Merck & Co. gets positive opinion from EU adcomm (CHMP) for Keytruda combo therapy
Monoclonal antibody, urothelial carcinoma, cancer - Read more
Alpha Cognition’s delayed-released Alzheimer’s med gets on-time approval from FDA
Small molecule, Alzheimer’s disease - Read more
Luye Pharma nabs FDA approval for extended-release schizophrenia med
Small molecule, extended release, schizophrenia - Read more
Anavex to go after EMA approval for Alzheimer’s small molecule
Small molecule, Alzheimer’s - Read more
Guardant Health’s cancer screening blood test OK’d by FDA
Diagnostics, blood test, cancer screening - Read more
THE GOOD
Business Development
Cipher Pharmaceuticals buys a commercial asset from ParaPRO for $89.5M
Small molecule, insecticide, head lice, scabies - Read more
THE GOOD
Clinical Trials
NewAmsterdam Pharma delivers the Ph3 endpoint goods, though investors aren’t entirely impressed
Small molecule, heterozygous familial hypercholesterolemia, cholesterol - Read more
AstraZeneca APLIFYs their Ph3 interim results for leukaemia combo regimen
Small molecule, chronic lymphocytic leukaemia, cancer - Read more
THE GOOD
Fundraises
Spear Bio $45M Series A
Instrumentation, diagnostics, disease research, qPCR - Read more
RetiSpec $10M Series A
Neurodegenerative disease markers, medical AI, eye exam - Read more
THE GOOD
Lawsuits
Indivior agrees to $86M settlement related to opioid epidemic role allegations
Suboxone, small molecule, opioid epidemic - Read more
THE GOOD
Market Reports
Q2 biopharma fundraises continue to trend upward - Read more
THE GOOD
Mergers & Acquisitions
Boehringer Ingelheim acquires checkpoint inhibitor biotech Nerio Therapeutics for up to $1.3B
Small molecule, immuno-oncology, cancer - Read more
Collegium Pharmaceutical acquires Ironshore Therapeutics for $525M
Small molecule, attention deficit hyperactivity disorder (ADHD) - Read more
Repligen acquires Tantti
Instrumentation, bioprocess, chromatography - Read more
THE GOOD
Partnerships
GSK and Flagship Pioneering sign massive drug development partnership, spanning up to 10 novels therapies across respiratory and immunology indications - Read more
THE GOOD
Research
Behavior-altering parasite re-engineered as blood-brain drug delivery vehicle
Toxoplasma gondii, drug delivery - Read more
THE GOOD
Strategic Plans
Roche goes full steam ahead on developing oral alternative to Novo Nordisk and Eli Lilly’s blockbuster weight loss injectables
GLP-1, small molecule, obesity, diabetes - Read more
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⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
Syndax Pharmaceuticals’ leukemia med FDA decision gets delated
Small molecule, leukemia, cancer - Read more
THE BAD
Clinical Trials
Cognition Therapeutics Alzheimer’s med doesn’t SHINE in Ph2
Small molecule, Alzheimer’s disease - Read more
Ventyx Biosciences Crohn’s candidate misses Ph2 primary endpoint, development discontinued
Small molecule, Crohn’s disease - Read more
THE BAD
Earnings & Finances
Wuxi AppTec revenue takes hit in H2 2024, partially due to Biosecure Act implications
CDMO - Read more
THE BAD
Layoffs
Pfizer follows-up last month’s DMD Ph3 failure with 150 layoffs, plus 60 separate layoffs at another site
Gene therapy, Duchenne’s muscular dystrophy, large volume solutions - Read more
Viracta Therapeutics reduces workforce by 23%
Small molecule, lymphoma, cancer - Read more
THE BAD
Market Reports
CDC RSV vaccination criteria narrowing shrinks RSV vaccine market; report
Vaccine, respiratory syncytial virus - Read more
THE BAD
Patient Access
AstraZeneca, Daiichi-Sankyo’s Enhertu not recommended by UK’s NICE due to pricing dispute
Antibody-drug conjugate, breast cancer, drug pricing - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Clinical Trials
vTv Therapeutics handed FDA clinical hold after “[unresolvable] chromatographic signal” in ADME study prior to Ph3 start
Small molecule, type 1 diabetes - Read more
THE UGLY
Withdrawals & Recalls
Abbott launches voluntarily recall of diabetes monitors that can “provide incorrectly high glucose readings”
Medical device, glucose monitoring, diabetes - Read more
You’re all caught up on the latest Pharma & Biotech News!
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