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- Biotech & Pharma Updates | July 7 - 8, 2024
Biotech & Pharma Updates | July 7 - 8, 2024
Eli Lilly buys Morphic for $3.2B, Roche gets FDA approval for Vabysmo prefilled syringe, SmartCella raises €50M (half from Novartis), and Eli Lilly bests Novo Nordisk in weight-loss head-to-head, Grifols may go private
We have an absolute glut of M&A news today, with the biggest being Eli Lilly’s $3.2B acquisition of Morphic. | Gif: truerealtv on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Genentech (Roche) lands FDA approval for Vabysmo prefilled syringe formulation
Bispecific antibody, wet-age macular degeneration, diabetic macular edema, retinal vein occlusion - Read more
THE GOOD
Business Development
iTeos Therapeutics hits clinical milestone, $35M payout from GSK
Monoclonal antibody, lung cancer - Read more
THE GOOD
Clinical Trials
IDEAYA Biosciences’ boo-YA with positive Ph2 results
Small molecule, bladder cancer, lung cancer - Read more
Oxolife births positive exploratory Ph2 data
Small molecule, in vitro fertilization (IVF) - Read more
Adicet Bio handed FDA fast track designation
Cell therapy, gamma delta CAR-T, renal cell carcinoma, cancer - Read more
THE GOOD
Company Launches
KOMO BIOSCIENCES launches as University of Hawaii spin-out
Integrase technology, genome editing - Read more [Paywall]
THE GOOD
Fundraises
SmartCella €50M ($54.1M) raise, with AstraZeneca picking up half the tab
Cardiac progenitor cell therapy, mRNA, drug delivery, medical device - Read more
Vanqua Bio $45M Series B extension
Small molecule, Parkinson’s, Dementia, Alzheimer’s - Read more [Paywall]
Venga Ventures aims to raise €40M ($43M)
Biotech investing - Read more [Paywall]
Apriori Bio $1.1M raise
Vaccine development, viral threats, AI - Read more
THE GOOD
Lawsuits
Merck & Co. leaves behind 1k Zostavax lawsuits after plaintiff voluntary dismissal
Vaccine, herpes, chicken pox, shingles - Read more
THE GOOD
Mergers & Acquisitions
Eli Lilly buys Morphic for $3.2B
Small molecule, inflammatory bowel disease (IBD) - Read more
Thermo Fisher gets UK antitrust watchdog OK for $3.1B OLink acquisition
Proteomics, high-throughput protein analysis - Read more
Ligand Pharmaceuticals buys APEIRON Biologics for $100M
Monoclonal antibody, neuroblastoma, cancer - Read more
Alcon buys Belkin Vision for $81M
Selective laser trabeculoplasty, glaucoma, ocular hypertension - Read more
Anacura acquires OHMX.bio (amount undisclosed)
Omics technology, drug discovery, diagnostics - Read more
Grifols fields $6B go-private offer from founding family and an investment firm
Plasma-based medicines, primary immunodeficiencies - Read more
THE GOOD
Product Launches
Genentech (Roche) relaunches wet AMD ocular implant after updates to recalled 2021 design
Monoclonal antibody, neovascular (wet) age-related macular degeneration (nAMD) - Read more
THE GOOD
Regulatory
FDA provides guidance on how industry can clapback at misinformation
Misinformation, disinformation - Read more
THE GOOD
Research
Who has the better weight-loss injectable, Eli Lilly or Novo Nordisk? Study points to the former
GLP-1, obesity, weight-loss - Read more
Novartis’ small molecule shows sickle cell disease potential in animal studies
Small molecule, sickle cell disease - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
HilleVax norovirus vaccine fails Ph2, stock sinks 80%
Virus-like particle-based vaccine, norovirus-related acute gastroenteritis (AGE) - Read more
THE BAD
Fundraises
Inventiva is in serious need of cash, current reserves would last mere weeks
Small molecule, metabolic dysfunction-associated steatohepatitis (MASH), non-alcoholic steatohepatitis (NASH) - Read more
THE BAD
Lawsuits
Gilead’s HIV drug patent battle ain’t over, as Biden administration appeals federal court jury decision
Small molecule, HIV/AIDS, antiretroviral - Read more [Paywall]
Novartis accused of neglecting development of an acquired asset from (and thus avoiding milestone payouts to) Admune Therapeutics - Read more [Paywall]
THE BAD
Strategic Plans
Aerovate Therapeutics begins exploring “strategic alternatives” after Ph2b trial failure last week
Small molecule, pulmonary arterial hypertension - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Research
The cause of most non-relapse deaths after CAR-T? Infections; study
CAR-T cell therapy - Read more
You’re all caught up on the latest Pharma & Biotech News!
Gif: travisband on Giphy
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