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- Biotech & Pharma Updates | June 16 - 17, 2024
Biotech & Pharma Updates | June 16 - 17, 2024
AstraZeneca & Merck both land FDA approvals for endometrial cancer, Takeda's epilepsy bet is up in flames, Merck lands a historic vaccine approval, and a BioNTech and MediLink Therapeutics ADC gets an FDA partial hold
A Ph3 failure means Takeda’s $200M epilepsy bet is up in flames | Gif: Paramount Plus
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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
AstraZeneca nabs FDA approval for endometrial cancer
Monoclonal antibody, endometrial cancer - Read more
Not to be outdone, Merck’s Keytruda also lands FDA label expansion for endometrial cancer - it’s 3rd indication for this kind of cancer (and 40th indication overall)
Monoclonal antibody, endometrial cancer - Read more
Amgen’s leukemia med gets FDA approval to go after residual cancers cells
Bispecific T-cell engager, consolidation treatment, leukemia, cancer - Read more
Merck lands FDA approval for world’s first adult pneumococcal disease vaccine
Vaccine, pneumococcal pneumonia - Read more
J&J’s medtech division (DePuy Synthes) surgical robot gets FDA go perform partial knee replacements
Medical technology, robot-assisted surgey, knee replacement - Read more
Siemens Healthineers lands European approval for MS relapse risk-assessing blood test
Diagnostics, blood test, multiple sclerosis - Read more
THE GOOD
Business Development
Y-Biologics, IMBiologics and HK inno. N signs out-licensing deal with Navigator Medicines
$20M upfront, $940M biobucks
Dual-antibody, autoimmune - Read more
THE GOOD
Clinical Trials
Disc Medicine touts positive data across their portfolio at EHA
Monoclonal antibody, erythropoietic protoporphyria, myelofibrosis - Read more
AstraZeneca has positive Ph3 lymphoma data
Small molecule, lymphoma, cancer - Read more
Nurix Therapeutics’ has positive Ph1a/b leukemia data
Small molecule, leukemia, cancer - Read more
J&J smells the flowers with positive Ph2 autoimmune data
Monoclonal antibody, Sjögren's disease, autoimmune - Read more
Mirum Pharmaceuticals’ dual positive Ph2B interim cholangitis data
Small molecule, primary biliary cholangitis, primary sclerosing cholangitis - Read more
THE GOOD
Fundraises
Elion Therapeutics $81M Series B
Polyene antifungal, invasive fungal infections - Read more
Decheng Capital targets a $700M life science fund, its fifth
Venture capital, biotech investing - Read more [paywall]
THE GOOD
Investments
J&J commits €580M ($622M) over five years towards Italy-based pharmaceutical manufacturing infrastructure
Manufacturing, drug supply - Read more
THE GOOD
IPOs
Tempus AI has stellar IPO, raises $400M+
Clinical data linking, diagnostic tests, AI - Read more
THE GOOD
Mergers & Acquisitions
Two became one; Spur Therapeutics emerges from combining FreeLine Therapeutics and SwanBio Therapeutics
Gene therapy, CNS disorders, adrenomyeloneuropathy, Gaucher disease - Read more
THE GOOD
Product Development
Leuko is developing a way to monitor chemotherapy patient’s health - without blood tests
Non-invasive monitoring, chemotherapy, cancer - Read more
THE GOOD
Research
How often do animals studies accurately translate into approved therapies? Not often, but more than you’d expect.
Animal studies, medicine approvals - Read more
THE GOOD
Strategic Plans
argenx to host an R&D day next month, showcase their 2030 vision
Future plans, sweeping antibody, autoimmune - Read more
GSK has £3B ($3.8B) Blenrep dreams
Antibody-drug conjugate, myeloma, cancer - Read more
⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Takeda’s $200M bet from 2021 ends up flunking in Ph3
Small molecule, epilepsy, Dravet syndrome, Lennox-Gastaut syndrome - Read more
Double ouch - Marinus Pharmaceuticals faces a failed Ph3 and an investor lawsuit
Small molecule, epilepsy, refractory status epilepticus - Read more
Aerovate Therapeutics suffer a catastrophic drop in blood pressure after Ph2 failure
Small molecule, pulmonary arterial hypertension, blood pressure - Read more
THE BAD
Layoffs
After their DMD failure, Pfizer likely to cut 200 jobs at Sanford site
Gene therapy, manufacturing, Duchenne muscular dystrophy - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
J&J goes for the appeal over guilty verdict (and $150M in damages) in HIV off-label marketing case
Small molecule, HIV, antiviral - Read more
THE UGLY
Politics & Policy
Novo Nordisk’s CEO set to testify before Senate committee on GLP-1 drug pricing
GLP-1, drug pricing - Read more
Republicans call for NIH reorganization
Health agency, reorganization - Read more
THE UGLY
Regulatory
BioNTech, MediLink Therapeutics cancer ADC hit with FDA partial hold, citing “unreasonable and significant risk of illness or injuries”
Antibody drug conjugate, breast cancer, lung cancer - Read more
You’re all caught up on the latest Pharma & Biotech News!
Ok Brad, not that bad - but there is a big ol’heat dome coming for North America | Gif by jefferiesshow on Giphy
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