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- Biotech & Pharma Updates | May 29 - 30, 2024
Biotech & Pharma Updates | May 29 - 30, 2024
Merck gets beaten at it’s own game, BMS lands another CAR-T indication, Otsuka dives into digital therapeutics, and "hub-and-spoke" biotech raises $73M.
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.
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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
Bayer & BlueRock Therapeutics’ Parkinson’s therapy gains FDA RMAT (Regenerative Medicine Advanced Therapy) designation
Cell therapy, Parkinson’s - Read more
Bristol Myers Squibb expands Breyanzi label to cover new lymphoma indication
Cell therapy, CAR-T, cancer - Read more
With PDUFA date approaching, Verona’s COPD treatment could give Sanofi and Regeneron a run for their money
Small molecule, chronic obstructive pulmonary disorder - Read more
THE GOOD
Business Development
Compugen hits clinical milestone, to receive $5M from AstraZeneca
Bispecific antibody, lung cancer - Read more
Nxera Pharma hits clinical milestone, to receive $4.6M from Centessa Pharmaceuticals
Small molecule, narcolepsy, hypersomnia - Read more
THE GOOD
Clinical Trials
Summit Therapeutics beats Merck at it’s own game, Keytruda out-performed in head-to-head Ph3
Bispecific antibody, lung cancer - Read more
Ultragenyx stores sweet Ph3 gene therapy win
Gene therapy, AAV, glycogen storage diseases - Read more
BridgeBio whips out more positive Ph3 data
Small molecule, transthyretin amyloid cardiomyopathy - Read more
Soterios Pharma grows some hair on positive Ph2 data
Topical steroid, alopecia areata - Read more
Strand Therapeutics STX their initial landing with first patient dosed in Ph1 trial
mRNA, cancer - Read more
THE GOOD
Company Incubation
BioTools Innovator announces 2024 cohort, 20 Startups
Life science tools, diagnostics - Read more
MedTech Innovator announces 2024 cohort, 65 Startups
Medtech, medical devices - Read more
THE GOOD
Company Launches
Otsuka goes against the grain and launches a digital health company
Digital health, digital therapeutics - Read more
THE GOOD
Fundraises
Matter Bio $7M Seed raise
Genome integrity, lifespan extension - Read more
Weave Bio $10M Seed raise
Regulatory filing tech, AI - Read more
CinRx Pharma raises $73M
Biotech investment, hub-and-spoke - Read more
Natural Cycles $55M Series C
Birth control app - Read more
Celcuity aims for additional $62M in debt financing (and announces a Ph3 trial)
Small molecule, breast cancer - Read more
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⬇️ The Good News (Cont.)⬇️
THE GOOD
Investments
Novo Nordisk Foundation plans on plowing some GLP-1 spoils into regenerative medicine
GLP-1, regenerative medicine - Read more [Paywall]
THE GOOD
Lawsuits
Novo Nordisk goes after orgs selling allegedly impure semaglutide-containing products
GLP-1, semaglutide, compounding - Read more
Pfizer ducks some Chantix carcinogen claims after court ruling
Small molecule, smoking cessation - Read more
THE GOOD
Marketing
Having lymphoma = holding a huge boulder, at least according to Novartis’ market department - Read more
THE GOOD
Partnerships
Anocca, Shinobi Therapeutics cell therapy development partnership
Cell therapy, TCR-T cells, cancer - Read more
A public-private collaboration aims to understand ALS clinical trials and why they fail; deep dive
ALS, Lou Gehrig’s Disease - Read more
Nxera Pharma, PrecisionLife strategic R&D partnership
Auto-immune disorders, drug discovery - Read more
THE GOOD
Regulatory
Massive FDA reorganization to being in October this year
Organizational structure, inspections - Read more
THE GOOD
Research
Antibiotic selectively targets gram-negative bacteria, but spares healthy gut fauna; mouse models
Antibiotics, gut health, health bacteria - Read more
Retrospective study finds potential link between semaglutide use and curbing alcoholism
Semaglutide, GLP-1, alcohol use disorder - Read more
⬇️ The Bad News ⬇️
THE BAD
Clinical Trials
Immunovant postpones Ph3 trial readout as pipeline gets reshuffled
Antibody, myasthenia gravis - Read more
Novartis drops lung cancer med in Ph3 due to “increasing option available”
Small molecule, lung cancer - Read more [Paywall]
THE BAD
Patient Access
UK’s NHS plays “wait-and-see” on Grail cancer screening, postpones 1M people/year order
Cancer screening, detection - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Lawsuits
Clinical lab trade group goes after FDA on new lab testing regulations
Lab-developed tests - Read more [Paywall]
THE UGLY
Marketing
Doctors on social media get paid for drugs endorsements, raising ethical concerns; government database - Read more
THE UGLY
Withdrawals & Recalls
Particulate concerns force Sagent to withdraw 2 lots of chemotherapy meds
Small molecule, cancer, drug shortages - Read more
You’re all caught up on the latest Pharma & Biotech News!
It’s June tomorrow! Every month deserves a musical rendition. (Though you won’t catch me using the phrase “Bustin’ out” 😐)
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