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- Biotech & Pharma Updates | June 17 - 18, 2024
Biotech & Pharma Updates | June 17 - 18, 2024
GSK has a double Ph3 win, Marea Therapeutics launches with $190M to go after remnant cholesterol, Hikma buys multiple assets and sites from Xeliia Pharmaceuticals, and Sanofi and Roche both sign big drug development partnership
Marea Therapeutics launches with a $190M to go after remnant cholesterol | Gif: showtimesports 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
Business Development
Day One Biopharmaceuticals in-licenses ADC from Mabcare Therapeutics
Mabcare receives $55M upfront, $1.152B biobucks
Antibody drug-conjugate, solid tumors, cancer - Read more
Ionis Pharmaceuticals expands licensing agreement with Otsuka Pharmaceuticals
Ionis receives $20M upfront + biobucks (details undisclosed)
Antisense oligonucleotide, hereditary angioedema - Read more
Hikma Pharmaceuticals purchases multiple assets, a manufacturing center, and an R&D centre from Xellia Pharmaceuticals
Xellia receives $135M up-front, $50M biobucks
Anti-infective, infectious disease, injectables - Read more
THE GOOD
Clinical Trials
Taysha Gene Therapies showcases improved motor function in small Rett syndrome gene therapy study
AAV gene therapy, Rett syndrome - Read more
GSK wins big in two Ph3 studies in multiple myeloma
Antibody-drug conjugate, multiple myeloma, cancer - Read more
Intra-Cellular is not depressed by their Ph3 win
Small molecule, depression, major depressive disorder - Read more
Mustang Bio rides higher and higher on positive Ph1/2 data in a rare form of blood cancer
Autologous CAR T cell therapy, Waldenstrom macroglobulinemia, cancer - Read more
THE GOOD
Company Launches
Marea Therapeutics launches with a $190M to go after remnant cholesterol
Monoclonal antibody, cardiometabolic disease, cholesterol - Read more
THE GOOD
Fundraises
Iambic Therapeutics $50M raise
Small molecule, solid tumors, cancer - Read more
Ability Biologics $18M Seed raise
Drug discover, AI, antibody - Read more
Ethris $5M raise
RNA, vaccines, respiratory disease, respiratory infections - Read more
UroGen Pharma public offering, $107.5M
Small molecule, hydrogel, bladder cancer - Read more
Santhera Pharmaceuticals up to CHF69M ($78M) Royalty and Debt Financing
Small molecule, neuromuscular, pulmonary diseases - Read more
Supercede Therapeutics raise (undisclosed amount)
Obesity, weight loss - Read more [Paywall]
THE GOOD
Investments
LFB Manufacturing €20M ($21.4 million) site expansion
Manufacturing, CDMO, recombinant protein, monoclonal antibody - Read more
Primrose Bio investment from 1315 Capital (amount undisclosed)
Manufacturing services, nucleic acids, mRNA, protein - Read more
THE GOOD
Lawsuits
Teva Pharmaceuticals in settlement talks over Medicare kickback DOJ lawsuit
Polypeptide, multiple sclerosis - Read more
THE GOOD
Mergers & Acquisitions
Boston Scientific buys Silk Road Medical for $1.26B
Medical device, carotid artery disease, transcarotid artery revascularization - Read more
THE GOOD
Partnerships
Roche co-development partnership with Ascidian Therapeutics
Ascidian receives $42M upfront, $1.8B biobucks
RNA exon editing, neurological diseases - Read more
Sanofi drug discovery and development partnership with Belharra Therapeutics
Belharra receives $40M upfront and near-time milestone, $700M biobucks
Small molecule, immunology - Read more
UMC Utrecht and VectorY Therapeutics collaborate on ALS Biomarker Study
Amyotrophic lateral sclerosis, biomarker - Read more
THE GOOD
Politics & Policy
FTC backs US antitrust rule changes targeting anticompetitive pharma patent practices
Antitrust, drugs patents - Read more
THE GOOD
Research
What do malaria and polycystic ovary syndrome (PCOS) in common? They could be treatable by the same drug; animal models
Small molecule, malaria, polycystic ovary syndrome - Read more
⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
AstraZeneca’s breast cancer Ph3 trial is a triple-negative
Small molecule, breast cancer - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Clinical Trials
Two patient deaths means Zentalis gets slapped with FDA partial clinical hold
Small molecule, ovarian cancer, uterine carcinoma, sepsis - Read more
THE UGLY
Lawsuits
Kansas AG goes after Pfizer for alleged Covid-19 vaccine misrepresentations
Covid-19 vaccine, safety data - Read more
THE UGLY
Patient Access
If you overdose and you’re on Medicare, it’s unlikely you’ll receive adequate opioid treatments
Opioid addiction, recovery - Read more
Utah - famous for Mormonism and now for unapproved stem cell therapies (as long as your doctor provides you with a waiver)
Stem cell therapy, placental stem cells - Read more
You’re all caught up on the latest Pharma & Biotech News!
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