Biotech: Page 28
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Biogen, looking to diversify, acquires immune drugmaker HI-Bio for $1.15B
The deal, only Biogen’s third since the start of 2018, is a sign the company is open to branching out beyond the neurological drugs that have long been its focus.
By Kristin Jensen • May 22, 2024 -
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Regeneron faces new biosimilar threats; an AI biotech lays off staff
Today’s rundown also includes news of an expanded partnership for Boehringer Ingelheim and updates to emerging medicines from GSK and Bristol Myers.
By BioPharma Dive staff • May 22, 2024 -
Explore the Trendline➔
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TrendlineEmerging biotech
New biotechs continue to emerge despite a challenging market environment that has forced venture firms to build their drug startups more cautiously.
By BioPharma Dive staff -
Permission granted by SixPeaks Bio AG
SixPeaks, a new obesity biotech, starts up with an option to sell to AstraZeneca
AstraZeneca has an exclusive chance to buy the startup, which is developing a muscle-protecting weight loss medicine, within the next two years.
By Gwendolyn Wu • May 22, 2024 -
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Lilly partners with Aktis, deepening radiopharma investment
The collaboration, which gives Lilly access to Aktis’ technology in return for $60 million, adds to a flurry of dealmaking in the radiopharma field.
By Delilah Alvarado • May 21, 2024 -
Permission granted by AltruBio
AltruBio lands up to $225M after shift to immune drug research
Since pivoting from oncology, the startup has raised close to $300 million and advanced an ulcerative colitis drug into mid-stage testing.
By Gwendolyn Wu • May 21, 2024 -
Permission granted by Pheon Therapeutics
Pheon rides wave of ADC interest with $120M financing
CEO Cyrus Mozayeni said the company is taking a different approach than other developers of antibody-drug conjugates, though it’s keeping details close.
By Gwendolyn Wu • May 21, 2024 -
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Forbion-backed biotech Progentos debuts with $65M for MS drug
Progentos says the money will go toward expanding its pipeline and pushing an experimental treatment for multiple sclerosis through "proof of concept” testing.
By Jacob Bell • May 20, 2024 -
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BIO to restructure, lay off staff in shakeup of lobbying group
Thirty employees will leave as part of the reorganization, which the group said is meant to bring "stronger focus and greater impact" to its work.
By Ned Pagliarulo • May 20, 2024 -
Elizabeth Regan/BioPharma Dive
Dyne shares jump on trial data for muscle disease drugs
Updated study results for the biotech’s medicines for myotonic dystrophy Type 1 and Duchenne muscular dystrophy appeared to impress analysts and investors on Wall Street.
By Ned Pagliarulo • May 20, 2024 -
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European Commission, in ‘unprecedented’ move, declines to revoke approval of PTC Duchenne drug
Rather than endorse the recommendation of the EMA, the commission called for a new review for Translarna that considers “the totality of the evidence” compiled to date.
By Ben Fidler • May 20, 2024 -
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Sponsored by IO BiotechTherapies designed to dismantle cancer’s escape mechanisms show promise for patients
Hear from IO Biotech CEO Dr. Mai-Britt Zocca about the potential of therapeutic vaccines to strip the defenses used by cancer cells to keep the immune system at bay.
By Mai-Britt Zocca, Ph.D., founder and chief executive officer, IO Biotech • May 20, 2024 -
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Erasca restructures; Novartis moves to complete MorphoSys deal
The cancer biotech is laying off one-fifth of its staff and scrapping three drugs. Elsewhere, Novartis secured sufficient support for its $3 billion buyout and Bristol Myers won a new CAR-T approval.
By BioPharma Dive staff • May 17, 2024 -
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Investors put $400M into biotech licensing obesity drugs from China
The biotech, tentatively named Hercules CM Newco, has rights to three incretin drugs discovered by Jiangsu Hengrui Pharmaceuticals, two of which are in clinical testing.
By Gwendolyn Wu • May 16, 2024 -
Permission granted by Biogen
ALS drug developmentBiogen, Ionis shelve ALS drug following study failure
While results indicated the drug works as intended, it didn’t have enough of an effect on a protein that’s become integral to many ALS research programs.
By Jacob Bell • May 16, 2024 -
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Bolt Biotherapeutics to lay off staff, abandon lead ADC candidate
The company will cut its workforce by half and shuffle leadership as it discontinues testing of the drug trastuzumab imbotolimod.
By Delilah Alvarado • May 15, 2024 -
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Blackstone-backed biotech launches with up to $300M for immune drug
Uniquity Bio emerged from stealth mode ready to begin Phase 2 trials of an antibody targeting the protein TSLP in asthma and COPD.
By Kristin Jensen • May 15, 2024 -
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Novo Holdings buys stake in life sciences tools company; BioMarin lays off 170
The parent of Novo Nordisk is acquiring 60% ownership of Single Use Support, which specializes in handling of advanced therapies. Elsewhere, BioMarin and gene therapy developer Tenaya are cutting jobs.
By Ned Pagliarulo • May 15, 2024 -
Permission granted by FogPharma
FogPharma, Artbio join forces to design a different radiopharma drug
The biotechs aim to marry FogPharma’s polypeptide science with Artbio’s lead-based radiopharmaceutical technology in one of the industry’s hottest fields.
By Ned Pagliarulo • May 14, 2024 -
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Sands Capital raises $555M fund amid upturn in biotech ‘crossover’ investing
The firm, one of the sector’s more active crossover investors, closed the fund during a surge in the financings that bridge biotechs to the public markets.
By Ben Fidler • May 14, 2024 -
Courtesy of Sanofi
Sanofi gambles $80M on Fulcrum’s muscular dystrophy drug
The deal gives the pharma partial rights to a medicine GSK once developed for heart disease but could soon become the first therapy for facioscapulohumeral muscular dystrophy.
By Jonathan Gardner • May 13, 2024 -
Permission granted by Ajax Therapeutics
Ajax, aiming for a better JAK drug, raises $95M to begin first tests
Goldman Sachs and Eli Lilly are among those backing the startup, which claims its prospect could be more potent than the myelofibrosis therapies that have come to market in recent years.
By Gwendolyn Wu • May 13, 2024 -
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NewVale, an unorthodox investment firm, sets out to support biotech’s ‘infrastructure’
The firm, which closed a $167 million fund, aims to fill a “crucial gap” by growing the companies startups turn to for outsourced services, founder Todd Holmes told BioPharma Dive.
By Ben Fidler • May 13, 2024 -
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iTeos shares jump on TIGIT update; Acelyrin swaps CEOs
Interim data surpassed expectations, iTeos said. Bluebird bio, meanwhile, gave a fuller accounting of launch progress for its gene therapies Lygenia, Zynteglo and Skysona.
By BioPharma Dive staff • May 10, 2024 -
Permission granted by Maze Therapeutics
Maze lands new partner for Pompe drug, after Sanofi pact came apart
An alliance with Shionogi involves similar terms as a deal Sanofi canceled in response to an unusual challenge from the Federal Trade Commission.
By Ben Fidler • May 10, 2024 -
Courtesy of Novo Nordisk
Novo taps another Flagship startup in search for next obesity drugs
The deal with Metaphore Biotechnologies is the third from a Flagship alliance meant to boost the Danish drugmaker’s pipeline of weight loss medicines.
By Gwendolyn Wu • May 9, 2024
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