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- Biotech & Pharma Updates | June 10 - 11, 2024
Biotech & Pharma Updates | June 10 - 11, 2024
Syntis Bio to take on GLP-1 giants, Ipsen's new FDA approval, an ADC and an "ADC-like" company both raise millions, cancer patient groups like AstraZeneca, and Pfizer takes an M&A break
Syntis Bio launches to give GLP-1s a run for their money | Gif: tkyle on Giphy
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How these updates are formatted
The newsletter is split into three main sections:
THE GOOD - good news (eg. fundraises, product approvals)
THE BAD - negative news (eg. clinical trial failures, layoffs)
THE UGLY - negative but atypical news (lawsuits, product recalls, scandals)
Within each of the three above parts, there are additional sections for easier navigation:
Eg. There will be multiple “The Good” sections covering things like Fundraises, Approvals, Partnerships etc.
There will be also additional tags within these sections (Eg. fundraises may mention Stage, product approvals may mention drug name and disease area.)
See something you want to get into further? Click the Read More (goes out to either a news article or a press release).
One last thing; I know paywalls can be annoying, so there’s a [Paywall] tag for any news stories behind one.
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Ipsen lands FDA approval, queues race with Intercept Pharmaceuticals
Small molecule, primary biliary cholangitis - Read more
THE GOOD
Business Development
Cyrus Biotechnology spins out Levitate Bio
Software, biomolecular modelling, protein simulations - Read more
THE GOOD
Clinical Trials
ProKidney has positive Ph2 data + operational updates
Autologous cell therapy, chronic kidney disease - Read more
Merry Life Biomedical’s IND gets FDA ok, Ph1 trial to commence
Small molecule, Alzheimer’s - Read more
THE GOOD
Company Launches
New Challenger Approaching: Syntis Bio launches to take on weight-loss heavy hitters
Polymer, obesity, weight-loss - Read more
THE GOOD
Fundraises
Adcytherix €30M ($32.2M) Seed raise
Antibody-drug conjugates, cancer - Read more
Moleculant $26M overprescribed Series A
Functional profiling, spatial mapping, cell-cell communications - Read more
Bright Peak Therapeutics $90M Series C
Immunoconjugate, “antibody drug conjugate-like“, cancer, solid tumour - Read more
ProKidney proposal $125M public offering
Autologous cell therapy, chronic kidney disease - Read more
THE GOOD
Lawsuits
GSK notches another win in Zantac suits
Small molecule, heartburn, cancer - Read more
THE GOOD
Mergers & Acquisitions
Stada Arzneimittel allegedly courted by PE firm; current owners aiming for €11B ($11.8B) cash-out
Consumer health, generics, specialty pharma - Read more
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THE GOOD
Opinions
AstraZeneca secures 2nd place after Roche amongst cancer patient groups
Patient opinions, survey, cancer - Read more
THE GOOD
Partnerships
Stada’s expand licensing pact with Alvotech, lands European rights for biosimilar to an Amgen blockbuster
Monoclonal antibody, osteoporosis, cancer - Read more
THE GOOD
Product Launches
Apple Watch health metric software gets an upgrade
Consumer health, medical device - Read more
THE GOOD
Strategic Plans
Take a break; Pfizer’s CEO says they’re taking a time-out from M&A after a spate of high-$$$ deals
Big Pharma, mergers & acquisitions strategy - Read more
Charles River Laboratories announces development work on another animal-testing alternative
Animal-free testing, inhalation toxicity - Read more
⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Sage delivers meh Huntington’s results; analysts unimpressed
Small molecule, Huntington’s disease - Read more
THE BAD
Market Reports
Boston-based biotechs need the opposite of layoffs - they need more people
Worker shortage - Read more
THE BAD
Patient Access
Lots of US patients are paying out-of-pocket for Eli Lilly’s Zepbound
GLP-1, obesity, weight-loss - Read more
THE BAD
Politics & Policy
Current House bill indicates FDA funding would stay flat - Read more [Paywall]
THE BAD
Strategic Plans
Alphabet’s Verily pivots again - from “defeat Mother Nature” to unoriginal ideas
Digital health, telehealth, GLP-1, diabetes, hypertension - Read more [Paywall]
⬇️ The Ugly News ⬇️
THE UGLY
Criminal Acts
How Mallinckrodt sold more opioids than anyone - by shaping scientific and medical opinion
Opioids, addiction - Read more
THE UGLY
Lawsuits
Gilead’s proposed $40M settlement in HIV drug delay suits
HIV, antiviral - Read more
New Jersey federal judge says Teva Pharmaceuticals’ inhaler patents are “improperly listed”
Small molecule, inhaler, asthma - Read more [Paywall]
THE UGLY
Politics & Policy
J&J’s Stelara is “unaffordable”, according to Colorado’s Prescription Drug Affordability Review Board (PDAB)
Monoclonal antibody, autoimmune, drug pricing - Read more
Novo Nordisk might get subpoenaed over Ozempic & Wegovy prices
GLP-1, diabetes, obesity, drug pricing - Read more [Paywall]
THE UGLY
Research
Cancer incidence rates might be growing in successive social generations; study
Cancer diagnosis, Gen X - Read more
You’re all caught up on the latest Pharma & Biotech News!
Happy Loving Day! | Gif: IntoAction on Giphy
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