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- Biotech & Pharma Updates | June 22 - 24, 2024
Biotech & Pharma Updates | June 22 - 24, 2024
Alnylam’s slam dunk Ph3 heart disease data, Pfizer tapped to supply RSV vaccine to the UK, Novo Nordisk shares detailed hemophilia A Ph3 data, Novo Nordisk earmarks $4.1B for NC manufacturing plant, and Merck KGaA cuts a Ph3 cancer trial short
Alnylam’s heart disease med lands a key Ph3 win | Gif: prettydudesweb 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
Approvals & Labels
GSK score MHLW (Japan) approval for myelofibrosis treatment
Small molecule, primary myelofibrosis - Read more
Valneva lands Health Canada approval for chikungunya virus vaccine
Vaccine, viral infection, chikungunya virus - Read more
Daiichi-Sankyo’s MHLW approval for T-cell lymphoma therapy
Small molecule, T-cell lymphoma, cancer - Read more
Checkpoint Therapeutics checks off BLA resubmission strategy with FDA
Monoclonal antibody, squamous cell carcinoma - Read more
THE GOOD
Business Development
Pfizer lands UK RSV vaccine contract, beating out local GSK
Vaccine, respiratory syncytial virus - Read more
Amylyx Pharmaceuticals eiger-ly buys GLP-1 asset from bankrupt Eiger Pharmaceuticals
$35.1M asset purchase
GLP-1, post-bariatric hypoglycemia, congenital hyperinsulinism - Read more
CombiGene enters into licensing agreement with Spark Therapeutics
No upfront or milestone payments, Spark gets “low single digit” percentage royalties on future net sales
Gene therapy, epilepsy - Read more
THE GOOD
Clinical Trials
Alnylam’s slam dunk Ph3 heart disease data
siRNA, small interfering RNA, transthyretin amyloidosis cardiomyopathy - Read more
Adicet Bio IND approved for carcinoma cell therapy, Ph1 slated for H2 2024
Allogeneic "off-the-shelf" gamma delta CAR T cell therapy, renal cell carcinoma - Read more
Altimmune is coming for big pharma with “best in class” Ph2 obesity data
GLP-1/glucagon dual receptor agonist, obesity, weight loss - Read more
Novo Nordisk shares detailed hemophilia A Ph3 clinical data
Bispecific antibody, hemophilia A - Read more
Takeda’s blood disease antibody may be “deprioritized”, but it still delivered the Ph2 goods
Monoclonal antibody, primary immune thrombocytopenia - Read more
Jiangsu Hengrui Pharmaceuticals obesity asset (out-licensed to Hercules CM NewCo) delivers positive Ph2 data
GLP-1/GIP, obesity, weight loss - Read more*
*you need to search “HRS9531” to find the right abstract
THE GOOD
Company Launches
SAVA uncloaks with $8M
Medical device, real-time health monitoring, interstitial fluid - Read more
THE GOOD
Fundraises
Entrada Therapeutics $100M direct offering
Endosomes, RNA, antibody, neuromuscular - Read more
EpilepsyGTx $10M Seed
Gene therapy, focal refractory epilepsy - Read more
Vico Therapeutics €11.5M ($12.4M) Additional Series B
Antisense oligonucleotide, spinocerebellar ataxia, Huntington’s - Read more
BillionToOne $130M Series D
Molecular counting, liquid biopsy, cancer - Read more
Ocon Therapeutics $10M fundraise
Medical device, stent, 3D drug delivery - Read more
THE GOOD
Investments
Novo Nordisk colossal $4.1B facility plans in North Carolina
GLP-1, obesity, diabetes, manufacturing - Read more
THE GOOD
IPOs
Alumis quantifies IPO ambitions, aiming for a $300M+ raise
Small molecule, plaque psoriasis, uveitis, systemic lupus erythematosus - Read more
After much pain, GRAIL and Illumina officially split ways, GRAIL to list on Nasdaq
Diagnostics, cancer screening - Read more
Ascentage Pharma makes initial IPO moves
Small molecule, cancers, hepatitis B - Read more
LB Pharmaceuticals preps for alleged IPO filing
Small molecule, schizophrenia - Read more [Paywall]
THE GOOD
Market Reports
Big Brain moves; the top 10 “smartest” biopharma M&A deals - Read more
THE GOOD
Mergers & Acquisitions
ANI Pharmaceuticals buys Alimera Sciences
Small molecule diabetic macular edema, posterior uveitis - Read more
THE GOOD
Partnerships
OSE Immunotherapeutics commercial and revenue-sharing partnerships with Memorial Sloan Kettering Cancer Center
CAR-T cell therapy, hematological tumors, cancer - Read more
THE GOOD
Research
Fractyl Health wants obesity treatment to meet gene therapy
Pancreatic gene therapy, AAV, obesity - Read more
⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Merck KGaA cuts head and neck cancer Ph3 short, drops asset
Small molecule, squamous cell carcinoma - Read more
G1 Therapeutics Ph3 breast cancer trial returns dud results
Small molecule, breast cancer - Read more
THE BAD
Company Shutdowns
eFFECTOR Therapeutics winds down
Small molecule, solid tumors, cancer - Read more
THE BAD
Earnings & Finances
Beyond Air reports less than up-lifting Q4 financials
Nitric oxide, respiratory illness, neurological disorders, solid tumors - Read more
THE BAD
Layoffs
Bridge Biotherapeutics shutters Boston drug-discovery office
Small molecule, gene therapy, cancer, fibrotic diseases - Read more [Paywall]
⬇️ The Ugly News ⬇️
THE UGLY
Cybersecurity
Data stolen from NHS-linked Synnovis allegedly published online
Pathology laboratory, blood tests - Read more
THE UGLY
Patient Access
Lack of financial incentives mean some rare disease gene therapies left by the biotech wayside - Read more
THE UGLY
Regulatory
FDA scrutinized for seemingly inconsistent inspections across India and China - Read more
THE UGLY
Public Health
Infant deaths increased in Texas after early pregnancy abortion ban; study
Abortion, infant health, pregnancy - Read more [Paywall]
You’re all caught up on the latest Pharma & Biotech News!
As much as I was rooting for the Canadian team in Game 7, big congrats to the Florida Panthers for their first Stanley Cup! | Gif: nhl on Giphy
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