- TLDR Biotech
- Posts
- Biotech & Pharma Updates | June 26 - 27, 2024
Biotech & Pharma Updates | June 26 - 27, 2024
Novo Nordisk buys 2seventy bio's hemophilia A asset, worm-derived therapies raise $16M, Abbvie buys Celsius Therapeutics for $250M, Kite Pharma to evaluate Cellares' cell therapy manufacturing platform, and Merck, Daiichi Sankyo's lung cancer mAb hit with FDA CRL
AbbVie brings the heat, buys Celsius Therapeutics for $250M cash | Gif: 8itapp 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.
⬇️ The Good News ⬇️
THE GOOD
Business Development
Novo Nordisk buys 2seventy bio Hemophilia A asset for $40M
In vivo gene editing therapy, hemophilia A - Read more
Nxera Pharma hits R&D milestone, triggers $10M payment from AbbVie
Drug discovery, G protein-coupled receptor, neurological disease - Read more
THE GOOD
Clinical Trials
Silence Therapeutics reports encouraging early Ph1 blood disorder data
siRNA, polycythemia vera - Read more
CalciMedica rushes into Ph3 after positive Ph2b results in acute pancreatitis
Small molecule, acute pancreatitis, systemic inflammatory response syndrome - Read more
X4 Pharmaceuticals’ positive interim Ph2 data
Small molecule, chronic neutropenia - Read more
THE GOOD
Company Launches
WayPoint Bio launches to “test hundreds [of cell therapies] at once”
Cell therapy, CAR-T, spatial biology - Read more [Paywall]
THE GOOD
Fundraises
Holoclara $16M Series A
Worm-derived therapies, autoimmune, allergies - Read more
Ovax $10M raise
Vaccine, opioid overdose, fentanyl - Read more
Carelane €800K ($855K) pre-seed raise
Clinical trial operations, digitization - Read more
Recursion Pharmaceuticals $200M public offering
Drug discovery, machine learning - Read more
NeOnc Technologies $18.5M Financing
Small molecule, blood-brain barrier, cancer - Read more
Bold Capital Partners aiming to raise new $200M growth fund
Biotech, diagnostics, longevity - Read more [Paywall]
THE GOOD
Investments
Vigil Therapeutics receive $40M strategic investment from Sanofi
Small molecule, monoclonal antibody, microglial dysfunction, leukoencephalopathy with axonal spheroids and pigmented glia - Read more
THE GOOD
Mergers & Acquisitions
AbbVie brings the heat, buys Celsius Therapeutics for $250M cash
anti-TREM1 antibody, inflammatory bowel disease - Read more
Laboratorios Farmacéuticos Rovi’s CDMO division receives buy-out offers, upwards of €3.5B ($3.74B)
CDMO, manufacturing - Read more
CASI courts buy-out offer for their China business operations from their own chairman & CEO
Monoclonal antibody, antibody-mediated rejection - Read more
Biogen’s hungry for more M&A deals - Read more [Paywall]
THE GOOD
Partnerships
Kite Pharma signs on to asses Cellares’ cell therapy manufacturing platform
Cell therapy manufacturing platform, automated - Read more
THE GOOD
Politics & Policy
Medicare inches closer to covering weight loss drugs
Obesity, medicare, drug costs - Read more
THE GOOD
Product Launches
Eisai, Biogen’s Leqembi launches in China
Monoclonal antibody, Alzheimer’s - Read more
THE GOOD
Research
What can’t it do? Study looks into GLP-1 meds treating PCOS
GLP-1, semaglutide, polycystic ovary syndrome - Read more
Mice studies show promise for potential molecular editing tool targeting prion diseases
Molecular editing, prion disease, neurodegenerative disorder - Read more
THE GOOD
Strategic Plans
Maze Therapeutics spins out ALS antisense asset
Antisense oligonucleotide, amyotrophic lateral sclerosis - Read more [Paywall]
GSK aims for 100% renewable electricity at all Singapore sites by end of 2025 - Read more
ENJOYING THESE NEWSLETTERS?
Consider an optional paid subscription.
It’s a lot of work to put together a daily newsletter, and it’s currently just me writing these things (+ one part-time contractor - no fancy editing team!).
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 Bad News ⬇️
THE BAD
Approvals & Labels
Merck, Daiichi Sankyo’s lung cancer mAb hit with FDA CRL; third party manufacturing issues
Antibody-drug conjugate, lung cancer - Read more
THE BAD
Business Development
Coherus Biosciences offloads Humira biosimilar for a less-than-stellar $40M
Monoclonal antibody, autoimmune disorders - Read more [Paywall]
THE BAD
Layoffs
EuroAPI reveals restructuring strategy and future layoffs
Small molecule, active pharmaceutical ingredient manufacturing - Read more
Bayer planning more managerial cuts as part of reorganization - Read more [Paywall]
Sumitomo Pharma considers layoffs in light of decreasing revenue - Read more
THE BAD
Mergers & Acquisitions
Future Pak withdraws Vanda Pharmaceuticals acquisition proposal
Small molecule, psychiatric, antipsychotic - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
SCOTUS rejects Purdue Pharma, Sackler Family opioid settlement
Opioid epidemic, bankruptcy - Read more
You’re all caught up on the latest Pharma & Biotech News!
It’s Canada Day on Monday! If you’re in the Great White North, got any long weekend plans? | Gif: gerbert on Giphy
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 450+ 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.