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- Biotech & Pharma Updates | July 4 - 7, 2024
Biotech & Pharma Updates | July 4 - 7, 2024
Another ADC Biotech bags $100M+ in funding, Lotte Biologics' groundbreaking for multibillion $ project, CSL Behring's Hemophilia B gene therapy has its first two patients, and GLP-1s reduce risk of obesity-linked cancers in diabetics
That’s right - another ADC biotech landed $100+ in funding. | Gif: kidschoice on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Antengene’s Xpovio (selinexor) gets China NMPA approval for 2nd indication
Small molecule, B-cell lymphoma, cancer - Read more
THE GOOD
Fundraises
Myricx Bio £90M ($114M) Series A
Antibody-drug conjugate - Read more
Circle Pharma $54M Series D
Macrocycle, solid tumor, cancer - Read more [Paywall]
Kvantify €10M ($10.8M) Seed raise
Quantum computing, drug development - Read more
Granza Bio $7M Seed raise
Drug delivery, cancer - Read more
THE GOOD
Investments
Lotte Biologics breaks ground on 4.6 trillion won ($3.33B) campus
CDMO, contract manufacturing - Read more
THE GOOD
Mergers & Acquisitions
Genexine, EPD Biotherapeutics merger
mRNA, protein degrader, LNP, cancer - Read more
THE GOOD
Patient Access
First two patients treated with CSL Behring’s Hemgenix gene therapy
AAV gene therapy, Hemophilia B - Read more
THE GOOD
Research
Another win for GLP-1s, reduce risk of certain obesity-linked cancers in diabetic patients; study
GLP-1, diabetes, obesity, cancer - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Genentech halts mAb combo lung cancer Ph2/3 on less than SKYSCRAPing efficacy
Monoclonal antibody body, lung cancer - Read more
THE BAD
Lawsuits
Boehringer Ingelheim’s attempted medicare price negotiation legal challenge is blocked in Connecticut court
Drug pricing, Medicare - Read more
THE BAD
Partnerships
Servier, Pieris Pharmaceuticals partnership ends over safety concerns
Fusion protein, immuno-oncology, cancer - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Marketing
Novartis, Pfizer, Otsuka, Novo Nordisk have “brought discredit upon, and reduced confidence in, the pharmaceutical industry”
Drug advertising, ABPI Code of Practice - Read more
You’re all caught up on the latest Pharma & Biotech News!
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