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- Biotech & Pharma Updates | May 10 - 12, 2024
Biotech & Pharma Updates | May 10 - 12, 2024
All your Biotech & Pharma news in one daily email
Welcome to the TLDR Biotech newsletter!
Our aim is to be your one-stop source for biotech and pharma updates - all with one daily email.
We’re 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), we’d love to hear from you!
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).
⬇️ The Good News ⬇️
THE GOOD
Business Development
Sanofi enters into licensing deal with Novavax for $500M cash (excluding future milestones)
Vaccine, Covid - Read more
Maze Therapeutics licenses Pompe treatment to Shionogi, $150M upfront
Small molecule, pompe disease - Read more
Xbrane and Stada license US commercial rights for Lucentis biosimilar
Antibody, AMD - Read more
THE GOOD
Clinical Trials
AnaptysBio phase 3 psoriasis win
Antibody, psoriasis - Read more
THE GOOD
Earnings & Finances
argenx posts strong Q1 growth and aims high for next Vyvgart launch
2024Q1 $398M revenue (83% YoY growth)
Antibody, myasthenia gravis, CIDP - Read more
THE GOOD
Fundraises
iTeos Therapeutics $120M stock offering
Small molecule, antibody, cancer - Read more
Little Sparrow Technologies $3M seed
Medical device, neonatal care - Read more
Alzamend Neuro stock sale, raises $25M
Small molecule, cell-based vaccine, Alzheimer’s, PTSD - Read more
Triomics lands $15M round
AI, clinical trials, cancer - Read more
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⬇️ The Good News (cont’d) ⬇️
THE GOOD
Partnerships
Dyno Therapeutics and NVIDIA partner on AI-powered gene therapy development
AI, gene therapy - Read more
THE GOOD
Politics & Policy
BIOSECURE Act gets some reprieve with 2032 separation mandate
Geopolitics, USA-China relations - Read more
THE GOOD
Research
New gene insertion techniques announced at ASGCT 2024
Gene therapy, gene editing, CRISPR - Read more
Tessera Therapeutics reports gene-editing and in-vivo CAR-T updates
In-vivo, LNP, CAR-T, gene-editing, cancer, sickle cell - Read more
⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Neuralink implant loses a few connections
Brain-computer interface, medical device - Read more
Excision BioTherapeutics Phase 1 HIV miss
Gene-editing therapy, HIV - Read more
THE BAD
Layoffs
Ginkgo Bioworks plans reduction in labor force, facility consolidations
Cell programming, organism engineering - Read more
CDMO bleeding continues with AGC Biologics planning 100 layoffs
CDMO, biologics - Read more
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⬇️ The Ugly News ⬇️
THE UGLY
Clinical Trials
MacroGenics stock obliterated after reporting 5 patient deaths
Antibody-drug conjugate, cancer - Read more
THE UGLY
Cybersecurity
Ascension hospital operator has “cyber security event” - Read more
THE UGLY
Politics & Policy
USA emergency drug stockpile management criticized
Emergency preparedness - Read more
THE UGLY
Research
Man who received modified pig kidney passes away, “no indication“ it was from the transplant - Read more
DEEP DIVES & HOT TAKES
Clinical trial diversity is lagging - here’s one way we can fix it.
Gif by thelword on Giphy
Clinical trial diversity is critical to developing better medicines, but institutional and researcher distrust is holding us back.
So how can we work towards more representative clinical trials? By focusing on informed consent.
You’re all caught up on the latest Pharma & Biotech News!
Gif by yevbel on Giphy
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