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- Biotech & Pharma Updates | July 9 - 10, 2024
Biotech & Pharma Updates | July 9 - 10, 2024
Flagship raises a colossal $3.5B 8th round, Illumina buys Fluent Biosciences, Pfizer and Evoteic sign drug discovery pact, Amylyx buys a Ph3 ready GLP-1 asset, and Allucent tapped for BARDA decentralized clinical trial initiative
Flagship Pioneering raises another humongous haul; $3.6B in total for their 8th round. | Gif: eyedesyn on Giphy
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Arcutis Biotherapeutics lands dermatitis label expansion for Zoryve (roflumilast) from the FDA
Small molecule, atopic dermatitis - Read more
Almirall wins a NICE recommendation for novel eczema treatment
Monoclonal antibody, atopic dermatitis, atopic eczema - Read more
Elevar Therapeutics, Jiangsu Hengrui Pharma aren’t giving up on an approval after surprise FDA rejection
Monoclonal antibody, liver cancer - Read more
THE GOOD
Business Development
Amylyx Pharmaceuticals acquires Ph3 ready GLP-1 asset from Eiger BioPharmaceuticals
GLP-1, post-bariatric hypoglycemia, congenital hyperinsulinism - Read more
Xylocor Therapeutics buys license for SmartCella gene therapy delivery tech
Gene therapy, refractory angina - Read more
THE GOOD
Clinical Trials
Kazia Therapeutics doesn’t let a failed brain cancer clinical trial stop them from seeking FDA accelerated approval
Small molecule, glioblastoma, cancer - Read more
Allucent handed BARDA contract to help with Decentralized Clinical Operations for Healthcare and Research (D-COHRe) initiative
Decentralized clinical trials, pandemic response, CRO - Read more
Skyhawk Therapeutics touts positive Ph1 clinical trial data
Small molecule, Huntington’s - Read more
THE GOOD
Fundraises
Flagship Pioneering raises monster $3.5B total for 8th fund
Biotech investing, venture capital - Read more
Ideaya Biosciences $200M public offering
Small molecule, cancer - Read more
Immuneel Therapeutics $12M Series A extension
CAR-T cell therapy, cancer - Read more
HepaRegeniX €15M ($16M) Series C
Small molecule, liver disease - Read more
NOWDiagnostics $22.5M Series B
Diagnostics, blood testing - Read more
THE GOOD
Lawsuits
CytoDyn settles with Amarex Clinical
Monoclonal antibody, non-alcoholic fatty liver disease (NASH), HIV, cancer - Read more
THE GOOD
Market Reports
China-based clinical trial numbers jump, outpacing Eastern Europe
Clinical trial geography - Read more
THE GOOD
Mergers & Acquisitions
Illumina buys Fluent Biosciences (terms undisclosed)
Single cell analysis, sequencing - Read more
ReShape Lifesciences merges with Vyome Therapeutics
Metabolic health, immuno-inflammatory diseases, rare disease - Read more
THE GOOD
Partnerships
Pfizer, Evotec go in on drug discovery & research pact
Drug discovery, metabolic disease, infectious disease - Read more
Novo Nordisk secures insulin partnership in Indonesia with local org Biofarma
Insulin, diabetes, manufacturing - Read more
Aspect Biosystems secures $200M partnership with Governments of Canada and British Columbia
Biomanufacturing, bioprinted tissue manufacturing - Read more
THE GOOD
Politics & Policy
THE GOOD
Research
Newly discovered “maternal brain hormone” build bone density in mice; potential osteoporosis treatment
Hormone therapy, osteoporosis - Read more
THE GOOD
Strategic Plans
Bayer’s strategic reorg chugs along; thankfully, commercial team layoffs will end this year - Read more
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⬇️ The Bad News ⬇️
THE BAD
Layoffs
Citing increased competition and “payor dynamics”, Indivior makes about-face and lays off 130
Small molecule, opioid addiction treatment - Read more
THE BAD
Market Reports
Potential bad news for GLP-1 makers, as analysis finds Ozempic users stop after 2 years
GLP-1, weight-loss, obesity, diabetes - Read more
THE BAD
Politics & Policy
CDER-CBER misalignment causes concern as the FDA’s 2025 funding bill comes under scrutiny
Center for Biologics Evaluation and Research, Center for Drug Evaluation and Research - Read more [Paywall]
⬇️ The Ugly News ⬇️
THE UGLY
Withdrawals & Recalls
Medtronic recalls endotracheal tubes due to risk of blockage, death
Medical device, endotracheal tubes - Read more
You’re all caught up on the latest Pharma & Biotech News!
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