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- Biotech & Pharma Updates | May 14 - 15, 2024
Biotech & Pharma Updates | May 14 - 15, 2024
A "Uniquity" good company launch, Eisai is aiming for 13-fold sales growth, and massive tariffs on imported Chinese medical supplies
Welcome to the TLDR Biotech newsletter!
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!
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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 new [Paywall] tag for any news stories behind one.
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Eisai goes to FDA for subcutaneous Alzheimer’s med
Antibody, Alzheimer’s - Read more
BD and Roche both receive FDA approval for at-home vaginal sample collection
Diagnostic devices, HPV, cervical cancer - Read more
Takeda’s Dengue vaccine get’s WHO preapproval
Dengue vaccine, neglected tropical disease - Read more
THE GOOD
Company Launches
Uniquity Bio has a big ol’ $300M launch (and a Ph2 candidate ready to go)
Monoclonal antibody, asthma, COPD - Read more
THE GOOD
Earnings & Finances
Eisai is mega-bullish (think 13-fold growth) on Leqembi sales
Antibody, Alzheimer’s - Read more [Paywall]
THE GOOD
Fundraises
Elegen $35M Series B
DNA Synthesis - Read more
SmarterDx $50M Series B
AI, clinical documentation - Read more
A “Herculean” effort lands Adaptimmune $125M in debt financing
Cell therapy, cancer - Read more
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⬇️ The Good News (cont’d) ⬇️
THE GOOD
Investments
Novo Holdings has single use on the brain, buys 60% stake in Single Use Support
Sterile manufacturing, single use - Read more
THE GOOD
Lawsuits
Eli Lilly settles with GLP-1 scamming medical spa
GLP-1, obesity - Read more
THE GOOD
Markets Reports
Merck & Co. tops oncologists’ nice lists…but not by much
Cancer, physician opinions - Read more
THE GOOD
Partnerships
Beigene wants more partners, or someone to out-license to
Antibody, cancer - Read more [Paywall]
THE GOOD
Research
Semaglutide cardiac benefits go beyond just weight loss
GLP-1, obesity, cardiovascular health - Read more
THE GOOD
Strategic Plans
Alphabet company Verily’s narrowed focus; interview
Medical device, precision in medicine - Read more
⬇️ The Bad News ⬇️
THE BAD
Earnings & Finances
Merck KGaA’s CDMO division continues not having a good time
Sales: €157M ($170M) Q1 2024, down 28.6% from Q4 2024 €220M ($238M)
CDMO, biologics - Read more
Citing “abusive relationship”, Vaxxinity goes private
Peptides, Alzheimer’s, Parkinson’s - Read more
THE BAD
Layoffs
BioMarin to layoff 170 workers - Read more
2 for 1 layoffs; Bolt Bio (50% reduction) and Tenaya Therapeutics (22% reduction)
Antibody conjugate, gene therapy - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Approvals & Labels
ICER has serious doubts about Lykos’ PTSD trials (misconduct?)
MDMA, psychedelics, PTSD - Read more
THE UGLY
Politics & Policy
US government skyrockets tariffs on Chinese medical supplies (eg. 0% to 50% on syringes and needles)
Tariffs, protectionism - Read more
Biosecure Act advances with bipartisan support
USA-China biopharma, Biosecure Act - Read more [Paywall]
Amgen draws US senator’s ire over alleged “profits over patient[s]”
Small molecule, lung cancer - Read more
You’re all caught up on the latest Pharma & Biotech News!
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