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- Biotech & Pharma Updates | May 22 - 23, 2024
Biotech & Pharma Updates | May 22 - 23, 2024
Takeda's sticky $1.2B partnership, two new funds totally $350M+, Adderall no longer in short supply, two big pharmas ordered to pay Hawaii nearly $1B
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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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
Guardant Health’s colon/rectal blood test submitted to FDA for approval
Diagnostics, blood test, cancer - Read more
THE GOOD
Business Development
AstraZeneca’s licensing deal with Nona Biosciences
$19M upfront, 10M biobucks
Antibody, cancer - Read more [Paywall]
THE GOOD
Company Launches
Hornet Therapeutics makes a buzz to tackle EBV-driven pathologies
Small molecule, Epstein-Barr Virus - Read more
THE GOOD
Fundraises
Theradaptive undisclosed funding from the Maryland Stem Cell Research Fund
Regenerative medicine, stem cells, therapeutics implants - Read more
Radar Therapeutics $13.4M Seed
RNA, drug delivery, programmable medicines - Read more
Grey Wolf Therapeutics €46M ($50M) Series B expansion
Antigen modulation, cancer, autoimmune - Read more
Bicycle Therapeutics $555M Private Equity Placement
Peptides, cancer - Read more
Cytokinetics $575M funding deal with Royalty Pharma (although it’s money so “good”, investors aren’t happy)
Small molecule, heart failure - Read more
XGEN Venture €160M ($173M) first life science fund
Venture capital - Read more
SR One $200M+ third fund
Venture capital - Read more [Paywall]
THE GOOD
Lawsuits
Biden sides with Big Pharma regarding federal appeals court verdict
Anti-Terrorism, Supreme Court - Read more
THE GOOD
Mergers & Acquisitions
Orna Therapeutics snaps up ReNAgade Therapeutics
Financial terms not disclosed
RNA, drug delivery - Read more
THE GOOD
Partnerships
Takeda, Degron Therapeutics sign $1.2B biobucks partnership
Molecular glue, oncology - Read more
Roche, Abu Dhabi collab on rare spinal disease data collection
Spinal muscular atrophy, Duchenne’s - Read more
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⬇️ The Good News (Cont.)⬇️
THE GOOD
Patient Access
Teva’s Adderall no longer in short supply
Small molecule, ADHD, drug supply shortages - Read more
THE GOOD
Product Launches
Twin Health’s weight loss app, aims to reduce GLP-1 usage
Obesity, GLP-1, digital therapeutics - Read more
THE GOOD
Regulatory
European Commission releases new joint clinical assessments rules
Clinical assessment, therapeutic approval - Read more
THE GOOD
Research
Palisade Bio touts positive UC animal studies
Small molecules, ulcerative colitis - Read more
THE GOOD
Strategic Plans
Owkin unveils AI-driven drug pipeline
Small molecule, cancer - Read more
⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
There are more cancer trial sites, but quality is suffering
Clinical trial management - Read more
Music stops for Tango Therapeutics’ cancer drug due to liver toxicity
Small molecule, cancer - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Sanofi, Bristol Myers Squibb ordered to pay $916M to Hawaii, Plavix suit
Blood thinner, drug metabolism - Read more
J&J Talc saga continues, this time with accusations of “fraudulent maneuvers“
Talc, class-action, cancer - Read more
THE UGLY
Politics and Policy
US senator calls for crackdown on fraudulent Affordable Care Act enrolments - Read more
You’re all caught up on the latest Pharma & Biotech News!
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