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- Biotech & Pharma Updates | May 7 - 8, 2024
Biotech & Pharma Updates | May 7 - 8, 2024
All your Biotech & Pharma news in one daily email
Welcome to the TLDR Biotech newsletter!
Our aim is to be your one-stop source for biotech and pharma updates - all with one daily email.
We’ll likely tweak the exact format and delivery over the next few weeks as we get our feet under us.
So if you have any feedback on what you like (or don’t), we’d love to hear from you!
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).
⬇️ The Good News ⬇️
THE GOOD
Approvals
Outset Medical comeback on FDA approval
Medical device, dialysis - Read more
THE GOOD
Clinical Trials
Verve Therapeutics doses first participate with back-up gene-editing therapy
Gene therapy, gene editing, heart disease - Read more
Regeneron reports initial positive deafness gene therapy results
Gene therapy, genetic deafness - Read more
Teva and MedinCell score Phase 3 schizophrenia win
Small molecule, controlled release, schizophrenia - Read more
Compass Pathways reports positive mid-Phase 3 data
Small molecule, psilocybin, psychedelics, PTSD - Read more
Calliditas misses on tumor shrinkage, but wins on survivability
Small molecule, solid cancers - Read more
After CRISPR-embryo debacle, gene-editing trials are starting again in China
Gene-editing, CRISPR - Read more
THE GOOD
Company Launch
Prologue Medicines launches with $50M from Flagship Pioneering
Viral protein therapeutics, cancer, immune disorders - Read more
THE GOOD
Earnings & Finances
Sandoz makes bank on Humira biosimilar
Overall 6% 2024Q1 growth rate
mAb, biosimilar, Humira - Read more
Vertex Pharmaceuticals smashes earnings expectations
Net income: $1.10B (up 57% from 2023Q1)
Gene therapy, gene-editing, cystic fibrosis - Read more
THE GOOD
Expansions
Sharp Services plans PA site expansion
Clinical supply, secondary packaging, sterile injectables - Read more
Beigene plans fourth facility, $74M budget
Cancer, manufacturing - Read more
THE GOOD
Fundraises
MassBio partners to launch South Carolina-based life sciences accelerator
Accelerator, seed-stage - Read more
Nanochon raises $4M seed round
Orthopedics, medical device - Read more
Think Bioscience announces $6M seed round expansion
Small molecule, undruggable - Read more
Cache raises seed funding, amount undisclosed
Biological sample storage, data storage - Read more
Ciba Health raises $10M Series A
Digital health - Read more
Backpack Healthcare raises $14M Series A
Digital health, mental health, pediatrics - Read more
Averto Medical raises $30M Series A
Medical device, gastrointestinal, surgery - Read more
Zenas BioPharma raises $200M Series C
mAb, autoimmune - Read more
Memo Therapeutics raises $22M (CHF 20 million) Series C extension
Antibody, kidney transplant, infectious disease - Read more
NSG BioLabs raises $14.5M financing round
Laboratory space, biotech office space - Read more
THE GOOD
Mergers & Acquisitions, Business Development
Arbor Biotechnologies buys Serendipity Bioscience
Deal terms not disclosed
CRISPR, gene editing - Read more
THE GOOD
Opinions
Your body, the bioreactor? Or, The Future of Regenerative Medicine - Read more
AstraZeneca US oncology head has high hopes for AI - Read more
THE GOOD
Partnerships
Nucleus RadioPharma and ARTBIO manufacturing partnership
Radiopharmaceuticals, prostate cancer - Read more
CytomX Therapeutics and Merck (MSD) sign research collab
Protein, antibody (keytruda), solid cancer - Read more
ExcellGene, Cytovance manufacturing partnership
Large molecule biologics, manufacturing - Read more
BioVersys, GSK expand tuberculosis clinical research pact
Small molecule, tuberculosis - Read more
THE GOOD
Politics & Policy
White House release “research of concern” policy - Read more
THE GOOD
Product Launch
Madrigal builds MASH-treatment launch hype
Small molecule, MASH, liver fibrosis - Read more
Google Deepmind, Isormorphic Labs debut AlphaFold 3
AI, protein modelling, protein simulations - Read more
Biosense Webster’s new heart-mapping tool
Cardiac modelling - Read more
THE GOOD
Regulatory
Accelerated approvals necessary according to Peter Marks - Read more
THE GOOD
Research
Personalized, mRNA cancer vaccines hold promise for glioblastoma - for you and your dog
mRNA, cancer vaccine, glioblastoma - Read more
THE GOOD
Strategic Plans
Krystal Biotech shows-off gene therapy spoils, plans international launches
Gene therapy, dystrophic epidermolysis bullosa - Read more
⬇️ The Bad News ⬇️
THE BAD
Company Shutdown
Walking Fish Therapeutics shutters after lead investor ditches
Cell therapy, Fabry disease - Read more
THE BAD
Earnings & Finances
Apellis stock slides on increased competition, despite strong revenue
Synthetic peptide, geographic atrophy - Read more
LabCentral struggles as capital and financing stays expense
Lab space, research space - Read more
THE BAD
Layoffs
With J&J pact out the window, Kenvue plans layoffs
Consumer health - Read more
Marinus Pharmaceuticals layoffs, 20% of current staff
Small molecule, refractory status epilepticus - Read more
For Teva Pharmaceuticals, “pivot to growth” means site shutdowns
Manufacturing, generics - Read more
THE BAD
Partnerships
Pharming Group, Orchard Therapeutics cut-off gene therapy collab
Gene therapy, hereditary angioedema - Read more
⬇️ The Ugly News ⬇️
THE UGLY
Clinical Trials
Pfizer reports death in DMD gene therapy trial
Gene therapy, Duchenne muscular dystropy - Read more
THE UGLY
Lawsuits
Pfizer moves to settle 10k Zantac cancer-risk lawsuits
Small molecule, cancer, heartburn - Read more
THE UGLY
Politics & Policy
FDA gets looped in on USA’s China-biosecurity crackdown - Read more
Geopolitics, USA-China relations
THE UGLY
Regulatory
CBER & FDA head honchos aren’t pleased about gene therapy drug pricing
Gene therapy, drug pricing - Read more
THE UGLY
Withdrawals
AstraZeneca withdraws COVID-19 vaccine - Read more
You’re all caught up on the latest Pharma & Biotech News!
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