- TLDR Biotech
- Posts
- Biotech & Pharma Updates | June 11 - 12, 2024
Biotech & Pharma Updates | June 11 - 12, 2024
BMS still has an M&A appetite, Ultragenyx has some bone-building Ph2/3 results, Eli Lilly's Alzheimer's approval could be good news for rivals Biogen and Eisai too, Foresite Capital raises a $900M life science fund, and Pfizer signs a discovery pact with ProFound Therapeutics in search of the next great obesity med
Despite a $20B spend on M&A deals last year, Bristol Myers Squibb still has an appetite | Gif: thecheesecakefactory
TLDR Biotech aims to be your one-stop source for biotech and pharma updates - all with one daily email.
I’m always looking to make these news compilations more informative, impactful, and easy to navigate.
So if you have any feedback on what you like (or don’t), I’d love to hear from you! 📣
And if you like these newsletters and think a friend or colleague would benefit, please share this with them! ♻️
(You can also reach out to me on LinkedIn)
MINOR HOUSEKEEPING
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.
ENJOYING THESE NEWSLETTERS?
Consider an optional paid subscription.
TLDR Biotech is currently a one-person show that works full-time to put together these compilations and related content.
If you’re getting value out of these daily compilations, please consider a paid subscription (only $5/month) to support my continued work on this project.
⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Sanofi, Regeneron’s arthritis med lands FDA approval
Monoclonal antibody, polyarticular juvenile idiopathic arthritis - Read more
THE GOOD
Business Development
CSL Seqirus lands European pre-pandemic bird flu vaccine contract
Vaccine, bird flu, avian flu - Read more
THE GOOD
Clinical Trials
Avidity Biosciences touts positive Ph1/2 data
RNA, facioscapulohumeral muscular dystrophy - Read more
Ultragenyx, Mereo BioPharma builds positive data density with Ph2/3 interim results
Monoclonal antibody, osteogenesis imperfecta - Read more
NodThera showcases “statistically significant” Ph1b/2a early readout results
Small molecule, chronic inflammatory disease, obesity - Read more
Junshi, Coherus moves China-made, USA-approved mAb towards a 2nd indication with positive Ph3 data
Monoclonal antibody, hepatocellular carcinoma, liver cancer - Read more
THE GOOD
Earnings & Finances
Rising tides lifts all boats; analysts bet Eli Lilly’s likely Alzheimer’s approval will also benefit Biogen and Eisai’s rival med
Monoclonal antibody, Alzheimer’s - Read more
THE GOOD
Fundraises
Foresite Capital $900M fund close
Life science investment, biotech, AI - Read more
Kardium $104M raise
Medical device, atrial fibrillation, pulsed field ablation - Read more
Alida Biosciences $7.5M Series A
Epigenome research tools, epitranscriptomics - Read more
Alzheon $100M Series E
Small molecule, Alzheimer’s - Read more
Tevogen Bio up to $50M financing
Allogeneic T cell therapy, infectious diseases, cancers, neurological disorders - Read more
GenomesDAO raise (amount undisclosed)
Genomic data - Read more
Avidity Biosciences proposed $300M stock sale
RNA, dystrophy - Read more
Imperial College London £10M ($12.8M) donation
Heart research, lung research - Read more
THE GOOD
IPOs
Actuate Therapeutics primed for $50M IPO
Small molecule, pancreatic cancer - Read more
SPONSORED
Your small batch needs to be taken seriously! 🧐
At White Raven, we are specialized in GMP formulation and Aseptic Filling for injectable small batches.
Our engagement consists of accelerating the production of your small batch with quick, safe, and efficient solutions.
Are you interested in learning more?
THE GOOD
Mergers & Acquisitions
$20B? Not enough; Bristol Myers Squibb still willing to seal the deal if the price (and drug candidate) is right - Read more
Lotus Pharmaceuticals buys Thailand-division of Teva Pharmaceuticals
Terms undisclosed
Generics, respiratory, ophthalmic - Read more
THE GOOD
Partnerships
Takeda expands partnership with Partners in Health
Non-profit, patient access - Read more
Pfizer’s drug discovery pact with ProFound Therapeutics
$700M biobucks
Obesity, weight-loss - Read more
GSK’s AI partnership with Ochre Bio
$37.5M but details undisclosed
Computational biology, AI, liver disease - Read more
Evotec hits milestone, lands payment from partner Bristol Myers Squibb
$20M royalty payment
Neurodegenerative diseases - Read more
THE GOOD
Politics & Policy
Biosecure Act not included in defense spending bill
Biosecure Act, national security - Read more
…And WuXi AppTec and WuXi Biologics breath a (small) sign of relief, shares jump - Read more
In the UK, the Association of the British Pharmaceutical Industry (ABPI) wants more attention given to the UK’s biopharma industry
Patient access, clinical trials, manufacturing - Read more
THE GOOD
Product Launches
IQVIA launches new clinical research site management tool
Clinical trials, clinical research, software - Read more
Lokavant launches “AI-powered feasibility software”
Clinical trial operations, forecasting, optimizing - Read more
THE GOOD
Strategic Plans
Merck on the look-out for the next best cardiometabolic drug
Small molecule, injectables, weight-loss - Read more
⬇️ The Bad News ⬇️
THE BAD
Layoffs
Agilent Technologies axes 183 workers
Scientific equipment, life science tools - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Company Shutdowns
Vyaire Medical files for Chapter 11 bankruptcy
Medical device, ventilators - Read more
THE UGLY
Criminal Acts
Magellan Diagnostics agrees to resolve criminal charges in faulty lead testing case
Blood tests, lead poisoning - Read more
THE UGLY
Lawsuits
J&J settles Talc powder case for $700M
Talc powder, cancer - Read more
THE UGLY
Patient Access
Having issues hounding down that prescription due to drug shortages? Hire someone from overseas to find it for you - Read more [Paywall]
THE UGLY
Politics & Policy
Bipartisan group of 32 Attorney Generals ask Supreme Court to help reign in Pharmacy Benefit Managers
Pharmacy benefit managers, prescriptions - Read more [Paywall]
THE UGLY
Research
New study tracked dementia incidence before the age of 65 in World Trade Center first responders
First responders, building collapse, dementia - Read more
You’re all caught up on the latest Pharma & Biotech News!
What do bananas and paramilitary groups have in common? Unfortunately, more than you think. | Gif nanalan on Giphy
TLDR Biotech wants to hear from you! 📣
Have comments/questions/complaints about this newsletter?
Send me an email - I want your brutally honest feedback. 📝
Want to sponsor this newsletter and reach an audience of 350+ biotech and pharma professionals? Reach us here. 👍
Disclaimer: Content, news, research, tools, and mention of stock or tradeable securities are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here.