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- Biotech & Pharma Updates | June 18 - 20, 2024
Biotech & Pharma Updates | June 18 - 20, 2024
Sapreta Therapeutics lands key DMD label expansion, Gilead's twice-yearly HIV prevention med scores 100% efficacy, iOnctura raises $86M, Takeda drops $230M on a facility expansion, and Bora makes US-based sterile manufacturing moves
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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.
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
The Sky(rizi)’s the limit for Abbvie as their Humira successor bags another approval
Monoclonal antibody, ulcerative colitis - Read more
Sarepta’s DMD gene therapy leaves Pfizer in the dust, lands key FDA label expansion
Gene therapy, Duchenne muscular dystrophy - Read more
Akili’s land FDA clearance for ADHD-treating video game
Digital therapeutic, attention-deficit/hyperactivity disorder - Read more
Swedish Orphan Biovitrum’s (Sobi) once-weekly hemophilia A therapy lands EU approval
Recombinant protein, hemophilia A - Read more
Dizal Pharmaceutical’s nabs Chinese NMPA approval for lymphoma therapeutic
Small molecule, T-cell lymphoma, cancer - Read more
C3i lands Health Canada approval to commercially produce cell therapies
CDMO, manufacturing, cell therapy - Read more
THE GOOD
Business Development
Biophytis and Blanver sign licensing agreement
Biophytis to receive up to €108 ($116M) upfront + biobucks
Small molecule, obesity, respiratory infections, sarcopenia, Duchenne Muscular Dystrophy (DMD) - Read more
Sun Pharma signs non-exclusive licensing agreement with Takeda
Small molecule, gastroesophageal reflux disease - Read more
Biopharma deal-making continues it’s 2024 ascent; report - Read more
THE GOOD
Clinical Trials
Silence Therapeutics doesn’t keep quiet about longer-term Ph2 results
siRNA, atherosclerotic cardiovascular disease - Read more
Gilead’s twice-yearly HIV prevention med scores 100% efficacy in Ph3
Small molecule, human immunodeficiency virus - Read more
Just a month after going private, Vaxxinity publishes promising Parkinson’s Ph1 data
Synthetic peptide, Parkinson’s disease - Read more
NIH reports positive Ph1b/2 data from a 5-cancer drug cocktail
Monoclonal antibody, small molecule, B-cell lymphoma, cancer - Read more
Zealand Pharmaceuticals flaunts positive Ph1 obesity treatment data
Amylin analogues, weight management, obesity - Read more
J&J gets under the skin with positive Ph3 Crohn’s data
Monoclonal antibody, Crohn’s disease - Read more
Aphaia Pharma presents positive Ph2 prediabetes treatment data
Oral glucose formulation, prediabetes treatment - Read more
THE GOOD
Company Launches
Yellowstone Biosciences erupts out of stealth with £16.5 ($20.9M)
Bispecific monoclonal antibody, T-cell receptor, cancer - Read more
THE GOOD
Fundraises
iOnctura $86M Series B
Small molecule, myelofibrosis, lung cancer - Read more
āshibio $40M Seed + Series A
Monoclonal antibody, fibrodysplasia ossificans progressiva (FOP) - Read more
Insightec $150M fundraise
Ultrasound, tremors, Parkinson’s disease - Read more
Forbion closes BioEconomy Fund I, €75M ($80M)
Life science, biotechnology, sustainable development - Read more
Gavi, the Vaccine Alliance seeks $9B in new pledges for developing world vaccine access
Patient access, vaccines, developing nations - Read more [Paywall]
THE GOOD
Investments
Takeda plans $230 plasma-derived facility expansion
Plasma-derived therapeutic, manufacturing - Read more [Paywall]
ThermoFisher throws down $58M for clinical research lab expansion
CMC, clinical development, laboratory services - Read more
THE GOOD
Market Reports
Clinical trial sites are a hot investment among PE firms and CROs
Private equity investment, contract research organization - Read more
THE GOOD
Mergers & Acquisitions
Bora Therapeutics acquire sterile manufacturing site from Emergent BioSolutions
Sterile injectables, sterile manufacturing - Read more
Vanda Pharmaceuticals keeps suitors at bay, says offer are "substantially undervalue[d]"
Small molecule, schizophrenia - Read more
Sidekick Health acquires PINK!
Digital therapeutics, women’s health, breast cancer - Read more
THE GOOD
Partnerships
Sumsung Biologics signs reworked manufacturing partnership with Baxter
Samsung receives upwards of $223M
Drug manufacturing - Read more
Macomics testing partnership with Institute of Oncology Research (IOR)
Macrophage targeting antibody, prostate cancer, mouse models - Read more
THE GOOD
Patient Access
Amazon expands access to generic drug savings program
Generics, drug subscription, online pharmacy - Read more
THE GOOD
Regulatory
CBER head says we we need a rare disease hub
Rare disease hub, communication - Read more [Paywall]
FDA updates draft guidance on gaining biosimilar interchangeability status
Biosimilar interchangeability - Read more
PTC Therapeutics cleared by FDA to continue Phase 2 Huntington’s trial Small molecule, Huntington’s disease - Read more
THE GOOD
Research
Blood test + AI could spot Parkinson’s disease years in advance
Blood test, screening, AI, Parkinson’s disease - Read more
Enlarged prostate med might find use preventing dementia with Lewy bodies
Small molecule, dementia, benign prostatic hyperplasia - Read more
A Colombia family’s genes may hold vital Alzheimer’s clues
Genetics, Alzheimer’s - Read more
⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Jazz Pharmaceuticals hits a sour note with a Ph2 failure
Small molecule, essential tremor - Read more
THE BAD
IPOs
Cinclus Pharma has a not-so-great trading debut
Small molecule, gastric acid related diseases - Read more [Paywall]
THE BAD
Layoffs
Cara Therapeutics cuts 70% of staff after clinical trial miss
Synthetic peptide, nocturnal pruritus - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Accidents & Natural Disasters
Novo Nordisk has another fire - Read more
THE UGLY
Cybersecurity
Change Healthcare begins sending out “compromised info” notices
Data breach, patient data - Read more [Paywall]
THE UGLY
Lawsuits
Eli Lilly brings the heat, goes after unauthorized compounded GLP-1/GIPs
GLP-1, GIP, obesity, compounding - Read more
Providence Therapeutics goes after Emergent BioSolutions in Canada for a Covid-19 vaccine manufacturing contract that never appeared
Covid-19 vaccine, manufacturing - Read more
THE UGLY
Regulatory
FDA condemns studies conduced by India-based CRO Synapse
Contract research organization - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
Happy National Indigenous People’s Day to those in Canada! | Gif Source: IntoAction on Giphy
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