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- Biotech & Pharma Updates | June 6 - 9, 2024
Biotech & Pharma Updates | June 6 - 9, 2024
Geron lands first FDA approval after 34 years, Abbvie & Calico join FDA rare disease pilot, Rapport Therapeutics upsized IPO to $154M, and Eli Lilly could secure Alzheimer's throne
TLDR Biotech aims to be your one-stop source for biotech and pharma updates - all with one daily email.
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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
After 34 years, Geron lands it’s first FDA approval
Oligonucleotide, blood cancer, anemia, myelodysplastic syndromes - Read more
Abbot’s pacemaker nabs European CE mark approval
Medical device, pacemaker - Read more
THE GOOD
Clinical Trials
Arbutus BioPharma published positive Ph2a results
RNAi, chronic hepatitis B virus (cHBV) infection - Read more
THE GOOD
Fundraises
Mindset Medical Series A (amount undisclosed)
Software as a medical device, virtual health - Read more
THE GOOD
Investments
PharmaCord gets investment from Permira
Pharma services, commercialization - Read more
Vetter plots Illinois and Germany-based expansions
CDMO, fill-finish, manufacturing - Read more
THE GOOD
IPOs
Super Size Me; Rapport Therapeutics ups IPO to $154M
Small molecule, focal epilepsy, peripheral neuropathic pain, bipolar disorder - Read more
THE GOOD
Lawsuits
New Jersey district judge dismisses antitrust suit against Bristol Myers Squibb
Insurance, anticompetitive - Read more [Paywall]
THE GOOD
Market Reports
Eli Lilly may topple Eisai, Biogen’s Alzheimer’s throne
Monoclonal antibody, Alzheimer’s - Read more
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THE GOOD
Mergers & Acquisitions
Karl Storz to acquire Asensus Surgical
Surgery robots, medical device, medtech - Read more
THE GOOD
Partnerships
Corden Pharma partners with Certest Biotec
LNPs, ionizable lipids, CDMO - Read more
Ipsen partners with Marengo Therapeutics
Undislosed upfront fee, $1.2B in biobucks
Antibody, T-cell engager, cancer - Read more
THE GOOD
Regulatory
Abbvie and Alphabet’s Calico Therapeutics rare disease drug chosen for FDA rare disease pilot
Small molecule, vanishing white matter disease - Read more
THE GOOD
Research
NIH invests in pilot to bring clinical research to primary care offices
Clinical research, primary care - Read more [Paywall]
⬇️ The Bad News ⬇️
THE BAD
Opinions
After FDA panel’s teardown of Lykos Therapeutic’s MDMA prospects, what happens next?
MDMA, psychedelics, post-traumatic stress disorder (PTSD) - Read more
THE BAD
Patient Access
Can biosimilars survive in the US? Doubts raised as Abbvie’s Humira continues market hold
Biosimilars, antibody - Read more [Paywall]
⬇️ The Ugly News ⬇️
THE UGLY
Clinical Trials
Biomea Fusion slapped with FDA full clinical hold
Small molecule, diabetes - Read more
THE UGLY
Criminal Acts
Former Takeda employee hit with wire fraud charges, scammed company out of $2.3M
Wire fraud, consulting, scam - Read more
THE UGLY
Politics & Policy
Biosecure Act might be coming for drug developers directly? Legend Biotech on watch
Biosecurity, national security - Read more
THE UGLY
Withdrawals & Recalls
Medtronic hit with FDA Class 1 recall over inaccurate software measurements
Brain surgery, software - Read more
You’re all caught up on the latest Pharma & Biotech News!
Hope you had a good weekend, cause it’s another Monday!
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