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- Biotech & Pharma Updates | June 5 - 6, 2024
Biotech & Pharma Updates | June 5 - 6, 2024
Boehringer & Zealand Pharma Ph2 NASH data "unintentionally" published early, Seres Therapeutics sells a commercial asset to stay afloat, Abbvie's $10.1B ImmunoGen acquisition delivers Ph2 win, Nucleus RadioPharma fundraise, and Structure Therapeutics hopes to ride the data wave to a $476M stock sale
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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
Nestlé Health Science buys Seres Therapeutics commercial asset
Terms undisclosed
Fecal microbiota spores, clostridioides difficile infection - Read more
THE GOOD
Clinical Trials
Oopsie; Boehringer Ingelheim, Zealand Pharma have positive Ph2 data, but it was “unintentionally” published early
GLP-1, metabolic dysfunction-associated steatohepatitis (MASH) - Read more
Abbvie’s $10.1B ImmunoGen buy-out delivers Ph2 win
Antibody-drug conjugate, ovarian cancer - Read more
Replimune stock shoots to the mune on positive Ph1/2 data
Oncolytic herpes simplex virus, melanoma, cancer - Read more
Edwards Lifesciences releases 5-year aortic valve data
Medical device, aortic valve replacement, small aortic annulus - Read more
THE GOOD
Fundraises
Nucleus RadioPharma Series A Extension (amount undisclosed)
CDMO, radiopharmaceuticals - Read more
Isotope Technologies Munich (ITM) €188 ($205M) fundraise
Radiopharmaceuticals, gastrointestinal cancer - Read more
Structure Therapeutics $476M upsized public offering
GLP-1, weight-loss - Read more
Advanced Medicine Partners $32M financing
Cell & gene therapy, viral vectors, CDMO - Read more
THE GOOD
Investments
Orano Med debuts US manufacturing site
Radiopharmaceuticals, alpha therapies, cancer - Read more
THE GOOD
Mergers & Acquisitions
GSK buys Elsie Biotechnologies for $50M
Oligonucleotide, hepatitis B, steatotic liver disease - Read more
Vanda Pharmaceuticals courting $466M bid from Cycle Pharmaceuticals
Small molecule, schizophrenia, bipolar I disorder - Read more
THE GOOD
Partnerships
Sanofi’s going postal in France with DHL
Patient access, logistics - Read more
Charles River Laboratories, Sanofi partner on virtual control animals
Simulations, animal testing, machine learning - Read more
THE GOOD
Product Launches
Moon Surgical hears sweet music with FDA go-ahead for Maestro surgical robot
Surgery robot, medical device, laparoscopy - Read more
THE GOOD
Public Health
CDC now recommending doxycycline within 72h of unprotected sex to prevent STIs
Small molecule, antibiotic, sexually transmitted infection - Read more
THE GOOD
Regulatory
Moderna joins FDA rare disease accelerator
mRNA, methylmalonic acidemia, rare disease - Read more
FDA advisory committee recommends updating Covid-19 shots, endorses specific viral lineage as target
Vaccine, Covid-19 - Read more
⬇️ The Bad News ⬇️
THE BAD
Approvals & Labels
FDA has a few concerns with Eli Lilly’s Alzheimer’s therapy
Monoclonal antibody, Alzheimer’s - Read more
FDA provides additional data on Vanda Pharmaceuticals insomnia rejection
Small molecule, insomnia - Read more*
*scroll to Page 4 (under “SUPPLEMENTARY INFORMATION”) for the details
THE BAD
Fundraises
Until interest rates drop, Biopharma funding will likely stay as it is, “new normal” - Read more
THE BAD
Strategic Plans
Generics competition doesn’t bode well for Novo Nordisk’s GLP-1 sales in China
GLP-1, weight loss, obesity - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Marketing
Otsuka makes big transparency mistake, gets scolded by UK’s Prescription Medicines Code Of Practice Authority (PMCPA) - Read more
THE UGLY
Patient Access
9-years later, “Pharma bro” drug Daraprim (Vyera Pharmaceuticals, formerly Turing Pharmaceuticals) is still really expensive
Small molecule, HIV/AIDS - Read more [Paywall]
THE UGLY
Politics & Policy
Italy launches anti-trust probe against Samsung Bioepis, Biogen, Genentech, and Novartis; eye drugs
Biosimilar, antibody, macular degeneration, edema - Read more
Bill to codify right to obtain and use contraceptives doesn’t make it through US Senate - Read more
You’re all caught up on the latest Pharma & Biotech News!
Shaq knows how to do Casual Friday.
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