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- Biotech & Pharma Updates | May 20 - 21, 2024
Biotech & Pharma Updates | May 20 - 21, 2024
AstraZeneca sets $80B by 2023 sales targets, two antibody fundraises totalling $345M, and Eli Lilly gets deeper into radiopharma while Astellas gets into automated cell therapy manufacturing.
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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
Bristol Myers Squibb gets earlier PDUFA date for subcutaneous Opdivo
Monoclonal antibody, cancer - Read more
THE GOOD
Business Development
Alloy Therapeutics licenses antibody discovery tech to Eli Lilly
Antibody, drug discovery - Read more
THE GOOD
Clinical Trials
Larimar Therapeutics escapes FDA clinical hold after Ph2 review
Fusion protein, Friedreich’s ataxia - Read more
GSK puffs out chest on positive Ph3 asthma trial data
Monoclonal antibody, severe asthma - Read more
J&J Medtech division touts positive clinical data
Medical device, pulsed field ablation, atrial fibrillation - Read more
Eli Lilly’s mirikizumab moves beyond ulcerative colitis, posts positive Ph3 Crohn’s disease data
Monoclonal antibody, Crohn’s disease - Read more
THE GOOD
Fundraises
YGION Biomedical €15m ($16M) Series A
Neoantigen cancer vaccines - Read more
Oxford Endovascular £8M ($14M) Series A+
Medical device, intracranial aneurysms - Read more
LabGenius £35m ($45M) Series B
Machine learning, multispecific antibody, drug discovery - Read more
Pheon Therapeutics $120B Series B
Antibody-drug conjugate, cancer - Read more
AltruBio $225M Series B
Antibody, ulcerative colitis - Read more
THE GOOD
Partnerships
Komodo Health’s specialty data partnerships
SaaS, healthcare data analytics - Read more
Eli Lilly signs radiopharma collab with Aktis Oncology
$60M upfront, $1.1b biobucks and royalties
Radiopharma, cancer - Read more
Astellas dives into automated cell therapy game with Yaskawa Electric Corporation
Cell therapy, automated manufacturing - Read more
Sanofi, Formation Bio, and OpenAI collab on AI-powered drug discovery
AI, drug discovery, software development - Read more
BioNTech, Medigene extend drug discovery and development collab
T cell receptor, cancer - Read more
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⬇️ The Good News (Cont.)⬇️
THE GOOD
Patient Access
University of Oxford, Novavax-developed malaria shot finally hits Africa thanks to Serum Institute of India
Vaccine, malaria - Read more
THE GOOD
Politics & Policy
NIH proposes biopharma transparency on drugs developed using tax-payer dollars
Drug development, public funding - Read more [Paywall]
Senate Judiciary Committee shows bipartisan support for pharma patent reform
Drug patents - Read more [Paywall]
THE GOOD
Product Launches
Hims & Hers offers compounded obesity meds; stock pops
GLP-1, obesity, consumer health - Read more
…though coincidentally, Australia is moving to ban compounded weight-loss drugs - Read more
Parallel Bio launches animal model alternative for drug development
Animal models, “Clinical Trial in a Dish” - Read more
THE GOOD
Research
Catalogue of Somatic Mutations in Cancer (COSMIC) release new depository
Research resource, gene variants, cancer - Read more
Independent research study says Phenomix Sciences genetic test predicts who will lose the most weight on semaglutide
Semaglutide, GLP-1, obesity - Read more
THE GOOD
Strategic Plans
AstraZeneca aims for staggering $80B in sales by 2030
Drug development, cancer - Read more
…and China plays a big part into AstraZeneca’s $80B ambitions
R&D, cell therapy - Read more
…and last one here for AstraZeneca - they’re focusing on “difficult-to-copy” drugs to secure that $80B bag
Generics, biosimilars, drug patents - Read more [Paywall]
Novo Nordisk is planning beyond weight loss
Liver disease, kidney disease, Alzheimer’s - Read more [Paywall]
⬇️ The Bad News ⬇️
THE BAD
Layoffs
Exscientia cut 25% of their staff
AI, drug development, inflammation - Read more
Lyra Therapeutics obliterates workforce with 75% reduction
Medical implant, chronic rhinosinusitis, small molecule - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Lawsuit alleges GSK knew about Zantac’s cancer risk for decades
Cancer, small molecule, heartburn - Read more
THE UGLY
Politics & Policy
Lawmaker draws target on Pfizer in pharmaceutical tax probe
Corporate taxes - Read more
You’re all caught up on the latest Pharma & Biotech News!
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