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- Biotech & Pharma Updates | May 15 - 16, 2024
Biotech & Pharma Updates | May 15 - 16, 2024
BMS lands new CAR-T accelerated approval, Roche's $2.7B obesity bet has early win, Eli Lilly leads in revenue growth, and J&J pays $850M for atopic dermatitis biotech.
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!
(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 new [Paywall] tag for any news stories behind one.
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⬇️ The Good News ⬇️
THE GOOD
Approvals & Labels
Amgen lands FDA accelerated approval for small cell lung cancer drug
Bispecific antibody, lung cancer - Read more
Bristol Myers Squibb lands FDA accelerated approval for CAR-T therapy
Cell therapy, cancer, lymphoma - Read more
Karius nabs FDA breakthrough tag for infectious disease blood test
Diagnostics, disease detection - Read more
THE GOOD
Clinical Trials
Roche’s $2.7B foray into weight-loss yields Ph1 win
GLP-1, obesity - Read more
Eli Lilly’s double-double Ph3 win for once-weekly insulins shots
Diabetes, insulin - Read more
Pfizer, Arvinas touts promising Ph1b breast cancer data
Small molecule, breast cancer - Read more [Paywall]
AstraZeneca’s COVID-19 antibody delivers Ph3 win
COVID-19, antibody - Read more
THE GOOD
Company Launches
Challenger approaching; Hercules CM NewCo enters obesity field with $400M launch
GLP-1, GIP, obesity - Read more
THE GOOD
Earnings & Finances
Lundbeck’s depression med grows despite FDA-imposed DTC blackout
Small molecule, depression - Read more
THE GOOD
Fundraises
Phenomix Sciences $7.8M raise
Diagnostic test, precision medicine, obesity - Read more
CinDome Pharma $40M Series B Extension
Small molecule, chronic gastroparesis - Read more
Metabolon $60M credit facilty
Metabolomics, precision medicine - Read more
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⬇️ The Good News (cont’d) ⬇️
THE GOOD
IPOs
Monte Rosa Therapeutics names IPO price, expects $100M raise
Small molecule, cancer, autoimmune, inflammatory - Read more
THE GOOD
Markets Reports
Eli Lilly leads pack in YoY revenue gains, report
Revenue growth rankings - Read more
THE GOOD
Marketing
First Wave’s second go-around, rebrands to Entero Therapeutics
Recombinant protein, celiac disease - Read more
THE GOOD
Mergers & Acquisitions
J&J snags Proteologix for cool $850M
Bispecific antibody, atopic dermatitis - Read more
Absolutely!; Absolute Biotech merges with Vector Laboratories
Reagents, instrumentation, antibody - Read more
THE GOOD
Opinions
Biogen’s CEO likes a challenge, welcomes Eli Lilly’s Alzheimer’s challenge
Antibody, Alzheimer’s - Read more [Paywall]
Eli Lilly DTC play has big pharma thinking, Novartis included
Online pharmacy, direct-to-customer - Read more [Paywall]
THE GOOD
Partnerships
Association of Cancer Care Center’s and Flatiron Health partnership
Clinical trial access, clinical trial data capture, cancer - Read more
Galapagos partners with Blood Centers of America
CAR-T manufacturing, decentralization - Read more
GSK partners on new initiative fighting AMR, £45m pledged
Antimicrobial resistance - Read more
THE GOOD
Politics & Policy
Washington lawmakers reauthorize FDA’s pediatric voucher program
Priority review vouchers, pediatric rare diseases - Read more [Paywall]
THE GOOD
Product Launches
Thermo Fisher Scientific launches new blood screening test
Blood type, diagnostic screening - Read more
⬇️ The Bad News ⬇️
THE BAD
Business Development
GSK dumps last bit of stock from spin-off Haleon
Consumer health - Read more
THE BAD
Clinical Trials
Biogen, Ionis scrap ALS program after disappointing study results
Oligonucleotide, ALS - Read more
THE BAD
Partnerships
Roche’s Angelman out-licensing “advanced” talks fall through
Oligonucleotide, Angelman syndrome - Read more [Paywall]
Alexion returns asset to Zealand, citing “business reasons”
Peptides, complement disorders - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Accidents & Natural Disasters
Fire at under-construction Novo Nordisk site; no injuries
Building fire - Read more
THE UGLY
Criminal Acts
Former Sandoz exec dodges jail in price-fixing case
Generics, price-fixing - Read more
THE UGLY
Lawsuits
AstraZeneca faces continued unequal pay court cases
Unequal pay, gender pay gap - Read more
THE UGLY
Politics & Policy
Senator Bernie Sanders slams weight loss drug makers, writes they could “bankrupt American health care”
Prescription drug pricing, obesity - Read more
You’re all caught up on the latest Pharma & Biotech News!
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