- TLDR Biotech
- Posts
- Biotech & Pharma Updates | June 20 - 23, 2024
Biotech & Pharma Updates | June 20 - 23, 2024
BMS & Takeda both land colorectal cancer approvals, don't doze on Eli Lilly's sleep apnea data, Tectonic goes IPO via reverse merger, Vertex signs reimbursement deal with NHS, while Ginkgo Bioworks cuts 150+ jobs
Melodia Therapeutics croons (and may pay as much as $275M to) Alivexis for a pre-clinical cathepsin C inhibitor | Gif: mackenziebourg on Giphy
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
Bristol Myers Squibb lands FDA ok for colorectal cancer treatment
Small molecule, colorectal cancer - Read more
Takeda also lands a colorectal cancer approval, but this one’s in Europe
Small molecule, metastatic colorectal cancer - Read more
Bristol Myers Squibb lands EMA approval for subcutaneous Opdivo format
Monoclonal antibody, cancer - Read more
Botanix excess sweat disorder gel gets FDA green light
Small molecule, topical get, primary axillary hyperhidrosis - Read more
Kyowa Kirin’s rare disease therapy gets a NICE (National Institute for Health and Care Excellence) recommendation
Monoclonal antibody, X-linked hypophosphataemia - Read more
Lexicon Pharmaceuticals doesn’t have “give up” in their lexicon; resubmits type 1 diabetes NDA
Small molecule, type 1 diabetes, chronic kidney disease (CKD) - Read more
Roche’s Genentech scores FDA approval for rare disease treatment
Monoclonal antibody, paroxysmal nocturnal hemoglobinuria - Read more
argenx’s FDA approval for CIDP rare disease therapy
Antibody fragment, chronic inflammatory demyelinating polyneuropathy - Read more
THE GOOD
Business Development
Melodia Therapeutics croons (and pays cash-money to) Alivexis for a pre-clinical cathepsin C inhibitor
Upfront + biobucks = $275M
Small molecule, inflammatory diseases, vasculitis - Read more
THE GOOD
Clinical Trials
No sleeping on this; Eli Lilly’s presents positive Ph3 data, aims for GIP/GLP-1 label expansion towards sleep apnea
GIP/GLP-1, obesity, sleep apnea - Read more
Vertex Pharmaceuticals showcases new Ph1/2 data for their islet cell replacement therapy
Stem cell derived cell therapy, type 1 diabetes - Read more
THE GOOD
Fundraises
Rapafusyn Pharmaceuticals $28M Series A
Macrocyclic molecular glues, drug discovery - Read more
Coeptis Therapeutics $4.3M Series A
Cell therapy, cancer, autoimmune, infectious disease - Read more
THE GOOD
IPOs
Tectonic Therapeutics debuts on NASDAQ via reverse merger with AVROBIO
Protein, pulmonary hypertension - Read more
THE GOOD
Partnerships
Indian biopharma Biocon’s looking for a partner to test Ozempic (Novo Nordisk) generics in China
GLP-1, biosimilar, obesity, diabetes - Read more
Biovac signs Africa vaccine collab with Sanofi, EuBiologics
Vaccines, polio, meningitis - Read more
THE GOOD
Patient Access
The Price is Right as Vertex Pharmaceuticals and NHS reach reimbursement deal
Small molecule, cystic fibrosis - Read more
THE GOOD
Research
AI can accelerate clinical trial enrolments?; study
AI, clinical trial screening, clinical trial eligibility - Read more
⬇️ The Bad News ⬇️
THE BAD
Layoffs
Ginkgo Bioworks cuts staff by 158 (with more in the pipe)
Cell programming, synthetic biology - Read more
Former Xellia Pharmaceuticals site (now owned by Hikma Pharmaceuticals) sees >200 jobs cut
Manufacturing, generics - Read more
THE BAD
Mergers & Acquisitions
Evotec SE preps defence against potential takeover attempts; insider sources - Read more [Paywall]
THE BAD
Regulatory
It was likely CBER’s Peter Marks & patient groups versus the rest of the FDA when it came down to approving Sarepta Therapeutics’ DMD therapy
Gene therapy, Duchenne Muscular Dystropy - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawuits
3rd-party web-tracking on hospital websites is A-ok according to recent federal judge ruling
HIPAA, HHS - Read more
THE UGLY
Marketing
Self-regulation may be inadequate for pharma marketing in the UK; “Persistent and severe misconduct” - Read more
THE UGLY
Public Health
Covid-19 mistakes might be happening again with bird flu
Bird flu, avian flu, pandemic response - Read more
THE UGLY
Warnings Letters, Form 483
Dr. Reddy’s has a terrible month - two Form 483s across two different sites
Pharmaceutical manufacturing, APIs - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
The sheer numbers of “monday” gifs is staggering | Gif: DreamWorks Animations
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.