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- Biotech & Pharma Updates | July 8 - 9, 2024
Biotech & Pharma Updates | July 8 - 9, 2024
FTC comes out swinging against PBMs, uniQure stock jumps on Huntington's data, new anti-inflammatory player raises $70M, J&J sweeps aside two lawsuits, and Interius BioTherapeutics ok'd for first in-human in-vivo CAR-T trial
FTC holds nothing back against pharmacy supply managers, accusing them of “profit[ing] at the expense of patients.” | Gif: lastmanstandingfox on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
AstraZeneca Imfinzi lung cancer regimen approved by UK’s MHRA
Monoclonal antibody, lung cancer - Read more
Zevra Therapeutics gets 2nd shot at rare disease approval, FDA advisory committee convening in August
Small molecule, Niemann-Pick disease type C - Read more
Roche lands EU approval for AI-powered continuous glucose monitoring system
Glucose monitoring, medical device, diabetes - Read more
Alteogen lands approval from South Korea’s MFDS
Recombinant protein, anaesthetic, pain relief - Read more
Mirum Pharmaceuticals lands EMA approval for rare liver disease indication
Small molecule, progressive familial intrahepatic cholestasis - Read more
PharmaMar gets another approval chance after conflict of interest discovered on EMA’s initial review committee
Cyclic peptide, multiple myeloma, cancer - Read more
THE GOOD
Clinical Trials
uniQure flaunts Ph1/2 Huntington’s data, stock skyrockets
Gene therapy, Huntington’s - Read more
Kymera Therapeutics’ experimental disease drug sees expanded Ph2 interest from partner Sanofi
Small molecule, hidradenitis suppurativa, atopic dermatitis - Read more
Interius BioTherapeutics in-vivo CAR-T/CAR-NK Ph1 greenlit by Australian TGA
In-vivo cell therapy, CAR-T, CAR-NK, B cell malignancy, cancer - Read more
THE GOOD
Fundraises
SciRhom $70M Series A to bring novel inflammatory-fighting antibody to the clinic
SciRhom, rheumatoid arthritis, inflammatory bowel disease - Read more
Biovance Capital Partners fund launch, €51M ($55.1M)
Early-stage biotech investing, southern Europe - Read more
Dioseve $7M raise
Reproductive technology, induced pluripotent stem cells (iPSCs, iPS cells) - Read more
Heidelberg Epignostix €4.3M ($4.65M) Seed raise
Cancer diagnostics, AI, bioinformatics - Read more
Endoron Medical $10M Series A
Medical device, endograft solutions, abdominal aortic aneurysms - Read more
Courier Health $16.5M Series A
Customer relationship management, specialty pharma, patient access - Read more
THE GOOD
Lawsuits
J&J settles with Emergent BioSolutions, $50M
Manufacturing, Covid-19 vaccine - Read more
J&J avoids South Africa antitrust action by dropping TB med price by 40%
Small molecule, tuberculosis - Read more
THE GOOD
Mergers & Acquisitions
MedPharma and Tergus Pharma merger, contract services for topical and transepithelial pharmaceuticals
CDMO, contract service - Read more
THE GOOD
Partnerships
Evotec, Sandoz expand biosimilar manufacturing pact
Manufacturing, biosimilar, commercial supply - Read more
Moderna, Mitsubishi Tanabe partner on Japan promotional strategy for mRNA respiratory vaccines
mRNA, Covid-19 - Read more
THE GOOD
Research
Infinity Pharmaceuticals’ resurrected asset shows promise in lung viral infections; mice studies
Covid-19, methicillin-resistant staphylococcus aureus (MRSA) - Read more
Study identified super active vaccine adjuvant, potential impacts on future vaccine development and efficacy; mice studies
Small molecule, vaccine adjuvant - Read more
THE GOOD
Strategic Plans
AEON Biopharma points lead compound towards biosimilar approval pathway with Abbvie’s BOTOX as reference
Botulinum toxin, cervical dystonia - Read more
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⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Amgen makes “business decision” to drop solid tumor-targeting bispecific engager in Ph1
Bispecific T cell engager, fusion protein, solid tumor, cancer - Read more
THE BAD
Patient Access
Survey finds “Screening Action Gap” in US women’s population - acknowledging the importance of preventative screening, but still delaying/skipping out - Read more
THE BAD
Strategic Plans
Pfizer R&D chief steps down - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Intellia Therapeutics accused on infringing on BlueAllele’s patents, including through a $100M collab with Regeneron
Gene-editing, gene insertion, patent violation - Read more [Paywall]
Purdue Pharma’s Sackler family back to negotiating table, damages could be over $1 trillion if new settlement not reached
Opioid epidemic, oxycontin - Read more
THE UGLY
Patient Access
FTC holds nothing back against pharmacy supply managers
Anticompetitive, profiteering, drug supply chain - Read more
THE UGLY
Politics & Policy
US House speaker wants to move BIOSECURE Act into law this year
BIOSECURE ACT, protectionism, national security - Read more
THE UGLY
Withdrawals & Recalls
Inspire Medical handed FDA Class 1 recall for sleep apnea device
Medical device, obstructive sleep apnea - Read more
You’re all caught up on the latest Pharma & Biotech News!
Happy birthday Nikola Tesla! | Gif: bbcamerica on Giphy
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