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Reading about John Carroll’s pick of biotech’s most promising startups has become a treasured tradition. If you ever get curious about previous classes of the Endpoints 11, you can find all of them (plus a number of our other regular specials)
here
.
The Endpoints 11
Right around the beginning of the year, we got a close-up look at what happens after a boom ripples through biotech. In the months since, we’ve seen the natural Darwinian down cycle take effect. The best of the private startups, though, have continued to thrive in a more difficult fundraising environment. This year’s
group of the Endpoints 11
has a wide mix of players. Altogether they represent the best of biotech — and a good example of why biotech’s current disfavor on Wall Street is just another temporary trend, John Carroll writes.
bluebird’s $3M gene therapy
Things are finally falling into place at
bluebird
. Just a month after scoring a green light for
Zynteglo
— to treat beta thalassemia — the FDA
came through with an approval
for its gene therapy for early, active cerebral adrenoleukodystrophy. But
Skysona’s
label comes with its own caveats, including a black box warning. And with its $3 million price tag, drug pricing experts say
it will serve as a test case
for a market that’s approaching prime time, with concessions and risk-sharing agreements baked in.
Biogen tout ALS, depression data
Biogen
and
Ionis
dropped the full data on the Phase III study
of their ALS drug
tofersen
as the FDA is reviewing the use of the drug in a very small subset of ALS patients. Despite failing the primary endpoint, the companies doubled down on the observation that the antisense therapy reduced levels of neurofilament. Now the decision rests on the FDA to decide whether or not a decrease in neurofilament levels is enough to warrant approval. Meanwhile, with an FDA filing rolling for their big depression drug
zuranolone
, Biogen and partners at
Sage
are bringing more data
on the drug’s durability in an open-label study.
Knives out at ODAC
The FDA’s internal review ahead of the Oncologic Drugs Advisory Committee meeting
set the tone
for
Spectrum Pharmaceuticals’ poziotinib
and
Oncopeptides’
“dangling” accelerated approval for the multiple myeloma drug
Pepaxto
, as regulators raised significant concerns about their efficacy. And the experts on the panel followed up by
voting against granting poziotinib an OK
and keeping the accelerated approval for Pepaxto. A day later, the adcomm
also gave a thumbs down
on
Secura Bio’s
PI3K inhibitor
Copiktra
(
duvelisib
), which won an accelerated approval but was tied to a higher number of deaths.
PREMIUM
PROTABs with a B
You’ve heard of PROTACs, the small molecule protein degraders that have taken biopharma by storm. You may have heard of LYTACs. But what about AbTACs, PROTABs or KineTACs? Genentech scientists and researchers at UCSF are out with new papers describing protein-degrading antibodies — technologies using bispecific antibodies to clear target proteins on cancer cells. Lei Lei Wu
dives into the science and nuances
.
#ESMO22 roundtable
Still thinking about #ESMO22? You can
now rewatch the video or read the transcript
of John Carroll’s roundtable discussion with
Jean-Charles Soria
, the senior vice president oncology therapeutic area head for
Amgen
;
Priti
Hegde
, the chief scientific officer for
Foundation
Medicine
;
Antoine
Yver
, the chairman of development for Centessa;
Jeff Legos,
executive vice president, global head of oncology for
Novartis
; and
Jack
West
, associate professor, vice president of Network Strategy for City of Hope Comprehensive Cancer Center. They cover everything spanning cancer testing, KRAS, combination ideas and the best talk of the meeting.
Does science still sell?
After a global pandemic that featured endless images of scientists in lab coats, glass vials rolling off assembly lines and serious people peering through microscopes, is it time to take off the lab coats and tone down the overused science imagery? Marketing experts and healthcare agency professionals agree that there likely have been too many scientists in white coats. The real problem, though, isn’t just that science imagery is clichéd or overused, but that it
potentially creates a negative boomerang effect
amid a general dip in science trustworthiness.
DEALS
Now that
Genfit
has shipped off its failed NASH drug to
Ipsen
, the French biotech’s new vision appears to be coming into sharper focus.
It acquired the Swiss startup
Versantis
for CHF40 million upfront, or roughly $41.4 million, a deal that positions the company in a separate but related rare liver disease: acute-on-chronic liver failure.
Takeda
managed to offload an experimental cancer drug
that’s been sitting on the shelf in exchange for $7 million in cash plus milestones.
Puma Biotechnology
is the buyer for
alisertib
, an aurora kinase A inhibitor originally developed at
Millennium
, which it now plans to develop as a treatment of certain breast cancers as well as small cell lung cancer.
GSK
likes to take pride in being one of the few Big Pharma players still active in antibiotics R&D. In a move to beef up the pipeline, it is licensing a late-stage antibiotic candidate from
Spero Therapeutics
—
injecting $75 million cash
into a struggling biotech that’s crumbled in the wake of an FDA rejection and lending it a hand in completing a new Phase III trial.
Rocket Pharma
is snapping up
Renovacor
, a preclinical-stage biotech developing a cardiac gene therapy, in an all-stock deal. The acquisition holds an equity deal value of about $53 million and will add $38 million to Rocket’s cash heap in addition to a pipeline of AAV gene therapies. Renovacor jumped on Nasdaq through a SPAC merger just a year ago.
Sesen Bio’s
decade-plus journey is over after failing to secure a bladder cancer drug approval and carve its own path for IL-6 antibodies. In its final act,
it’s reverse merging with
Carisma
Therapeutics
, whose CAR-M therapies put it above 41 other bidders, according to Sesen. In all, the new Carisma will have $180 million to bring multiple therapies to clinical readouts and keep the lights on through 2024,
For $65 million in upfront and option fees,
Merck KGaA
is allying itself with Italy’s
Nerviano Medical Sciences
to develop a PARP1 inhibitor for the treatment of BRCA-mutated tumors. While acknowledging they’re going after some blockbuster rivals, the companies say
NMS-293
stands out because it’s more selective against PARP1 versus PARP2 — which could make it more tolerable in patients.
Allogene
Therapeutics
, one of the leading players in the race for off-the-shelf CAR-Ts, disclosed that French partner
Servier
cut off its involvement in a partnership
developing therapies directed against CD19, including the most advanced candidates in Allogene’s pipeline. The biotech may now find another company to license ex-US rights to these products.
More than two years after claiming a Phase II win in one of the most challenging diseases faced in biotech,
Inventiva
is handing over rights
to its NASH drug in several Asian markets to China’s
Sino
Biopharm
. In exchange for the license to
lanifibranor
, Sino Biopharm will pay $12 million upfront plus more in biobucks.
As
Theravance Biopharma
tries to plot its comeback, it hashed out a
$250 million plan to buy its own shares back
from investors. First, it will reclaim all the shares from
GSK
— one of its major shareholders and a partner since 2002 — for roughly $94 million. The rest will go toward purchasing shares from other stockholders and the open market, ideally by the end of 2023.
Swiss pharma
Basilea
took another step in pivoting to anti-infectives,
shedding yet another oncology program
by selling the cancer drug
BAL0891
to Korean biotech
SillaJen
for $14 million upfront. Since licensing the mitotic checkpoint inhibitor in 2018, Basilea has landed an IND for the drug, but never started the Phase I trial.
CELL & GENE TX
Four years after
AbbVie
signed on to a pact with
Calibr
— a branch of
Scripps Research Institute
—around a then-preclinical next-gen CAR-T program, the partners have
generated their first-in-human data
. The data, they say, support the idea that a switchable CAR-T can be just as effective as traditional ones but be safer for patients.
David Liu
and his team at the
Broad Institute
have been awarded a patent
for the compositions and methods behind the prime editing of a target DNA molecule — or a gene — that enables a nucleotide change and/or targeted gene mutation. The idea behind prime editing — sometimes dubbed CRISPR 3.0 — was first published in Nature in December 2019.
CAR-T player
Celyad Oncology
sold its manufacturing site
to fellow Belgian cell therapy player
Cellistic
, which was recently spun out from the CRO
Ncardia
. Sold for €6 million ($5.9 million), the 11,000-square-foot facility is located in the town of Mont-Saint-Guibert. The acquisition will also bring Celyad’s 35 workers under Cellistic’s wing, with plans to make iPSC cell therapies.
R&D
When
Ionis
and
AstraZeneca
unveiled the first round of mid-stage data for their antisense PCSK9 drug, execs underscored the drug’s “potential best-in-class efficacy profile.” But after looking at data from a second Phase IIb trial — which met its primary endpoint — AstraZeneca
decided not to pursue a Phase III after all
.
Merck
is scrapping clinical plans
for its lead long-acting PrEP candidate for HIV after months of grappling with safety concerns. But it’s marching ahead with trials to test once-daily as well as once-weekly regimens involving the drug, islatravir, as a treatment — albeit at a lower dose than what appeared to have triggered a drop in immune cell counts.
Just weeks after it announced a Phase III win for its pain drug after knee replacement,
Pacira BioSciences
posted
another Phase III success
in post-bunion surgery pain, reducing both pain and opioid use. The biotech plans to file for label expansion early next year to incorporate the two new indications.
As the controversy around
Biogen’s Aduhelm
reverberates across Alzheimer’s research,
Alzheon
— a much smaller Massachusetts-based biotech — is claiming (again)
it has “industry-leading” data
on its own drug. But the one-year update is still lacking in clinical data, with numbers on only biomarkers but not memory test scores.
Virios Therapeutics’
experimental treatment for fibromyalgia
failed in a mid-stage study
, missing the statistical significance on the improvement of pain. But execs blamed the flop on Covid-19, saying they saw a “bifurcation of results” from an initial review — namely that the drug worked differently for patients who were enrolled at different stages of the pandemic.
After a recent court win for its inhaled pulmonary arterial hypertension drug, pushing off competition for a few more years,
United Therapeutics
quietly scrapped a late-stage study
of
Tyvaso
that would’ve expanded the label. The Phase III termination occurred because of a recommendation from the data safety monitoring committee following a routine analysis.
PEOPLE
Even by
Flagship Pioneering
standards, the stated goal at
Vesalius Therapeutics
— unveiled at its $75 million launch this March — was exceedingly ambitious. Six months later, though, the biotech says it needs to focus and scale down a bit,
laying off 29 of its 67 employees
in order to “refine its strategy” even as it continues to have its eye on a wide range of common diseases.
Julian Adams
didn’t exactly finish what he set out to do at
Gamida
Cell
, but as he finally steered the company toward its first BLA filing for a cell therapy,
he’s passing on the baton
. The seasoned biotech exec — who cemented his reputation at
Millennium
and then
Infinity
— is stepping down.
Abigail
Jenkins
, an experienced commercial exec, will succeed him as CEO.
Creative conglomerate
WPP
wooed
Organon’s
chief communications officer
Wendy Lund
to take up a newly created role
as WPP chief client officer for health and wellness. For Lund, it’s a homecoming of sorts as she previously led
GCI
Group
, a WPP healthcare communications agency, as CEO for 11 years.
AI
The
Novo Nordisk Foundation
is making a quantum leap. Betting big on what it believes is the future of life sciences, the large Danish charity behind the pharmaceutical company of the same name is
ponying up $200 million
to try to develop the world’s first quantum computer designed to develop new drugs.
More than two years after
Pfizer
first tied the knot with machine learning company
CytoReason
, the partners decided to go deeper. In a
$110 million deal
that includes a $20 million equity investment, Pfizer will tap into CytoReason’s disease models beyond oncology and immunology, as well as new analytical tools.
FINANCING
Charlottesville, VA-based
Rivus Pharmaceuticals
is out to corner a new market in the diabetes and weight loss space. And
RA Capital
is
leading a $132 million round
that will push its lead candidate, a small molecule “controlled metabolic accelerator,” further along. Having reported positive Phase IIa results, Rivus will spend the cash on a second mid-stage study.
With the heat building in the TCR-T cell therapy space, a biotech based in Singapore and California is using machine learning to get in on the action.
ImmunoScape
bagged $14 million to fuel its tech
, which it says can discover targets at scale and screen hundreds of epitopes. The eventual pipeline of new candidates will be designed to hit solid tumors.
Bristol Myers Squibb’s
landmark TYK2 approval is floating
Ventyx’s
boat, and the biotech is taking advantage of it. Ventyx, which is developing its own TYK2 inhibitor, put together a private placement to
bring in $176.6 million
to fuel that and three other programs.
Roivant Sciences
had about $2 billion at the end of June. But the repeat vant-maker wants the option to secure more money for its apparatus, filing a shelf registration statement
to raise up to $1 billion more
. But since it’s just a technical filing, the biotech operator doesn’t yet have specific plans for what potential proceeds would go toward.
Mixed results are stopping
Virios
from trying to raise some more cash on Nasdaq. Facing investor backlash for its Phase IIb study in fibromyalgia — which it blamed on Covid-19 — the biotech
opted for a public offering
while its shares are at an all-time low, an unusual move. It hopes to use the money raised to further advance the candidate that failed.
California-based
Allakos
, which works on allergies and inflammation-related diseases, is making hay while the sun shines. On the back of mixed Phase III results on its lead drug candidate,
it sought $150 million via a public offering
. It has said it won’t develop the drug further in eosinophilic duodenitis — which produced hit and miss data — but rather focus on atopic dermatitis and chronic spontaneous urticaria.
Almost a year after the FDA gave the green light to LA-based
Aadi Bioscience’s
first drug, the biotech is looking to private investors to keep itself going. The oncology player said it engaged with both new and existing investors in a PIPE financing — selling 3.3 million shares at $12.50 a share. The company is also selling off pre-funded warrants, bringing the total
expected raise to $72.5 million
.
LAW
Novartis
, which stands to lose more than a quarter billion dollars in sales this year if
Gilenya
generics are allowed to market, is
taking the fight all the way to the Supreme Court
. There’s a long back story here with its patent case against private Chinese biotech
HEC
Pharm
, but most recently, a federal appeals court refused to rehear the case.
Sandoz
is hoping to celebrate its recently announced spinoff from
Novartis
with swift approvals for its
Tysabri
biosimilar in both the US and Europe — but not if
Biogen
can help it. Biogen
filed suit against Sandoz
earlier this month, according to newly unsealed documents, accusing the company of infringing on multiple Tysabri patents. The drug is used for both multiple sclerosis and Crohn’s disease.
Back in April,
Amgen
said it was encouraged by the solicitor general’s anticipated review of its Supreme Court petition to rehear a
Repatha
patent case against
Sanofi
and
Regeneron
. The
recommendation is now in and it’s a no
. Solicitor General
Elizabeth Prelogar
wrote in a recent 27-page brief that Amgen’s arguments “lack merit and further review is not warranted.”
Merck
picked up a win in its patent battle
against
Viatris
regarding sitagliptin, the active ingredient in blockbuster diabetes drugs
Januvia
and
Janumet
. The federal ruling put a freeze on a potential Viatris generic until at least 2026, the year several other rivals are also poised to release their generics, pending an appeal.
At the request of plaintiffs from a class action lawsuit, a federal court agreed to review
J&J’s
massive win in bankruptcy court earlier this year. Hoping to revive their claims that the company’s talc products cause cancer, the plaintiffs argued that the “Texas two-step” maneuver meant
J&J now has no incentive to handle the lawsuits quickly
.
Vanda Pharmaceuticals
took the FDA to court three separate times this year as it struggles to win over regulators with its sleep and chronic digestive disorder drugs. Dealing from the other side of the table, the company
agreed to drop $11.5 million to settle claims
— filed by investors — that it illegally promoted the sleep drug and one other off-label.
PHARMA
As more of its employees start to work remotely,
Biogen
sold a building
in Cambridge, MA, to real estate developer
BXP
for $592 million. The building, located in Kendall Square, is home to other companies such as
Thermo Fisher Scientific
and
Moderna
. Biogen also terminated a lease agreement with BXP for a separate site that will make room for a
Broad Institute
expansion.
With
Sandoz
soon to be out of the picture,
Vas Narasimhan
laid out his vision for the new, slimmer
Novartis
— and it
will sport a “US-first mindset.”
Ambitions to become a top-five player in the US by 2027 mean ramping up clinical trials in the states and “building capability and talent, among other things.” The company’s also shooting for a top-three ranking in China.
Almost exactly five years ago,
Teva
captured the industry’s attention with its high-profile recruitment of
Kåre Schultz
at
Lundbeck
for the top job at the troubled generics giant. And now the CEO has his last year in view as he promises to finish the turnaround he had promised, laying out his next round of cuts, touting some free cash flow and projecting that Teva would
start paying out a $4.3 billion settlement
over more than a decade, starting next year.
Following up on previous pledges to aggressively scrutinize pharma M&A, FTC chair
Lina Khan
reiterated to a Senate subcommittee that
reviewing Big Pharma mergers is a priority
. While comparing this merger analysis in the pharma space to the study of public utilities in the 1930s “that exposed rampant financial fraud,” Khan said in prepared testimony that the commission is going to target unlawful conduct.
About five weeks after
Pfizer
said its 20-valent vaccine follow-up to
Prevnar 13
was effective in infants in a US study
, the Big Pharma now has the data from an EU late-stage trial that will send the jab to the continent’s regulators by year’s end. Not only did the vaccine lead to “long-term protection,” but researchers also reported that it was largely non-inferior to Prevnar 13.
The global fund that was established to fight some of the world’s deadliest diseases — HIV, TB, and malaria — raised a
record $14.25 billion
from donor countries, NGOs and private companies, with a $6 billion pledge from the US. While the total still fell short of its target of raising $18 billion, it’s the largest amount raised since the organization was set up in 2002.
MARKETINGRX
Eczema, or atopic dermatitis,
has kept a fairly low profile
among social media influencers, according to a review by the Harris Poll’s expert network for Endpoints News. However, with a handful of newly approved treatment options over the past year and new advertising and marketing campaign launches, that relative quiet may be about to change
For the past five years, former New York Yankees slugger
Bernie Williams
has been the face of
Boehringer Ingelheim’s
“Breathless” campaign aimed at raising awareness about idiopathic lung disease. Now Boehringer is taking the campaign in a
different direction with a focus on music
, and Williams, who’s also a Grammy-nominated musician, is coming along.
Astellas
is breaking new ground with TikTok as the first pharma company involved in the social media channel’s TikTok Pulse program, which places ads next to the most popular content instead of the typical contextual placements in viewers’ personal feeds. In Astellas’ case, the
ads are menopause symptom awareness videos
created by two women influencers.
A dive into the National Football League’s TV commercial buys across early season games by
iSpot
shows a hefty lead for
Pfizer
with its Covid-19
Comirnaty
vaccine ads.
More than 175 million impressions with $9.5 million
in media spending put it in the top spot with a 65% share of voice across NFL pharma spending. In a distant second place is
Bristol Myers Squibb’s
Opdivo
.
At
Klick Health’s
first
Ideas Exchange conference
with biotech and pharma industry insiders since before the pandemic began, it was no surprise many conversations included Covid topics. Yet while vaccines and treatments were discussed, so too were the effects on drug development, federal responses, health inequities — and what to do now and next. Featured speakers included
Regeneron’s George
Yancopoulos
, former BARDA chief
Rick Bright
and
Tal Zaks
, previously of
Moderna
.
Klick Health
co-founder and CEO
Leerom Segal
sat down for a one-on-one with former President
Barack Obama
in New York, a wide-ranging discussion about his time in office and current political divisiveness in the US, but also on some health and science topics. And he has some ideas about how pharma can rebuild trust in science.
Continuing to raise awareness,
Sanofi
debuted its “Just the Flu” ad featuring a wolf and its flu shots;
Pfizer
and
BioNTech
are teaming up with the southern college football league to encourage Covid-19 booster shots;
AstraZeneca
rolled out antibody TV commercial with cancer survivor and actor
Jeff
Bridges
; catch all these and more in the
MarketingRx roundup
.
FDA+
Four experts from the FDA’s Oncology Center of Excellence took to the New England Journal of Medicine
to make the case for
not only improving the agency’s ability to expeditiously pull dangling accelerated approvals when, on the rare occasion, confirmatory trials fail, but also better building “quality and efficiency into the AA on-ramp.”
It’s unclear whether those policy riders will make it to the bill, but the long and winding road to reauthorizing FDA’s quinquennial user fees for prescription drugs, generics, biosimilars and medical devices finally has a light at the end of it. A senior GOP committee aide confirmed to Endpoints News that at the very least,
an agreement has been reached
for the FDA user fee deals, which are good through 2027, to be included in the continuing resolution.
In the US, the difference between biosimilars and interchangeable biosimilars is stark and carries pragmatic consequences. But the EMA is taking a different stance, making clear in a statement that
all biosimilars approved in the EU are interchangeable
with their reference product or with an equivalent biosimilar.
The ODAC wasn’t the FDA’s only adcomm meeting this week. The Vaccines and Related Biological Products Advisory Committee
voted in favor
of
Ferring Pharmaceuticals’
RBX2660
, an experimental fecal microbiota transplant that the company says would be the first microbiota-based live biotherapeutic to receive an FDA green light. Multiple adcomm members brought up the need for a regulated product amid a largely unregulated landscape.
Two rejections later, the FDA
was finally ready to approve
Fennec Pharma’s
drug for lowering the risk of hearing loss among children being treated for cancer with chemotherapy.
Pedmark
, as it’s called, was granted breakthrough therapy designation and priority review given the severity of the indication, but manufacturing issues held it back for almost two years.
Eli Lilly
managed to convert the accelerated approval on its RET drug
to a full approval
after racking up data from more patients and accumulating 18 months of follow-up. First developed at
Loxo Oncology
,
Retevmo
(or
selpercatinib
) is targeted at locally advanced or metastatic non-small cell lung cancer with a RET, or rearranged during transfection, gene fusion.
After massive layoffs in the R&D unit earlier this year in a pivot to commercialization,
Heron
secured an FDA approval
for its post-surgery nausea and vomiting drug.
Aponvi
is an IV infusion of the NK1 inhibitor aprepitant, which is the same molecule as another approved Heron drug and a bioequivalent of a Merck molecule that’s gone generic.
The FDA’s Oncologic Drugs Advisory Committee
will meet in November to discuss
whether to pull an indication for
GSK’s
PARP drug
Zejula
, considering issues with the final overall survival data from the pivotal trial on which the approval was based. The announcement came a week after GSK voluntarily pulled the same indication of Zejula that will be reviewed.
Cidara Therapeutics
got a boost on its quest to make a mark in the world of antifungals, as the FDA
handed priority review
to its antifungal
rezafungin
for the treatment of candidemia and invasive candidiasis — common causes of serious bloodstream infections in hospitalized patients. The drug proved non-inferior to the current standard of care in trials.
In another step for
Seagen’s
portfolio expansion, the FDA granted
Tukysa
a
priority review
in combination with
Genentech’s Herceptin
for second-line HER2-positive metastatic colorectal cancer. The decision comes just a couple of months after Seagen uncorked the full Phase II results at ESMO, boasting a notable improvement in overall survival from the last readout.
One of the features
Medtronic
touts in its
MiniMed 600
series insulin pumps is a series of components that connect wirelessly to allow the remote delivery of insulin. But the FDA
issued an alert warning
that the technology also leaves the door open to potential hackers, when unauthorized users gain control of the pumps in certain circumstances.
MANUFACTURING
When the Biden administration announced last week, through an executive order, that it is investing $2 billion into domestic efforts to increase biotechnology and biomanufacturing efforts, a lot of ears perked up in the wider manufacturing world.
Rahul Singhvi
, the CEO of manufacturing company
Resilience
, was in the West Wing for a summit on biotech and biomanufacturing. Endpoints News’ Tyler Patchen
caught up with Singhvi about the impact of the funding
on manufacturers and the wider industry, as well as the developments at the company.
A
Catalent
facility in Indiana that produces Covid-19 vaccines
is facing scrutiny from the FDA
over an inspection last month. The Bloomington plant, which handles fill and finish operations as well as commercial scale biomanufacturing, was hit with a 19-page Form 483 detailing 12 major observations, notably the presence of foreign particles in vials and other quality control issues.
AbbVie
is injecting €60 million ($58.9 million)
into its manufacturing site in the town of Carrigtwohill, Ireland, a suburb of Cork City. According to AbbVie, the 14,000-square-foot facility has been operating since 2001 as a tablet and capsule production site for oncology and virology products. This latest expansion will have the site also support its aesthetics business.
The EMA is putting EU member
states on alert over the shortage
of two drugs that counter heart attacks due to an uptick in demand. Both drugs,
Actilyse
and
Metalyse
, are from
Boehringer Ingelheim
and are used as emergency treatments for adults experiencing acute myocardial infarction by dissolving blood clots.
On a roll,
Fujifilm
Diosynth
, kicked off an expansion project for its microbial manufacturing facility at its campus in the town of Billingham, UK. The 20,000 square-foot,
£400 million ($435 million) expansion
will add clean rooms, purification suites and a packing area along with more space for the manufacturing itself — boosting capacity by 70%.
Phlow
, the drug manufacturer that prides itself on making materials in the US instead of relying on sources overseas, is
looking to raise $50 million
in a funding round. According to a Form D, it has raised $24.2 million from 11 investors since the round kicked off in August.
The CDMO outfit
iBio
is dishing out $1 million upfront
to buy several oncology programs from San Diego-based
RubrYc
Therapeutics
. According to iBio, it’s moving more into the drug discovery game and found RubrYc’s AI platform appealing. The deal will also see RubrYc’s computational biologists coming under iBio’s umbrella to work on the AI platform while the wet lab workers for RubrYc will remain in place.
As monkeypox cases continue to affect nations in North America and across the globe, Canada is looking to step up its prevention efforts via a boosted contract with
Bavarian
Nordic
. The Canadian public health agency upped its
Jynneos
contract to $234 million
, plus options to buy more of the vaccine spanning the next decade.
A
Cipla
drug manufacturing site in India
once again landed in the crosshairs of FDA inspectors
. The FDA’s recent visit to its facility in the village of Verna uncovered six observations, as the agency took issue with environmental monitoring and procedures relating to preventing microbial contamination, in addition to cleaning.
Two years after breaking ground,
Thermo Fisher
opened a new $160 million
, 85,000 square-foot facility in Chelmsford, MA, 30 miles north of its headquarters in Waltham. The site is part of a wider $650 million investment, and it will produce resins that are used in medicines and biologics as well as cell and gene therapies,
A year ago, Canadian antibody shop
AbCellera
broke ground on the first phase
of its headquarters expansion in Vancouver, along with a new manufacturing site in the city. The second part of the project is now underway as it starts building out a campus that will include lab and office space to support wider antibody discovery and development.
Lonza
is beefing up ADC development and manufacturing capacity at its highly potent API (HPAPIs) suite in Visp, Switzerland; The Center for Breakthrough Medicine earned a multi-year contract to produce
jCyte’s
cell therapy for the eye; An initiative in Canada will develop new technologies for the manufacturing of cell and gene therapies; You can read all about the snippets in the
Manufacturing roundup
.
DON’T MISS
The once-booming SPAC market has been a slog this year, with mergers seemingly falling apart left and right.
Aesther Healthcare Acquisition Corp’s
new proxy statement details just how choppy the waters have become following the smooth sailing seen in peak pandemic months, as the blank check company recounts how talks fell apart with at least three potential partners before it
finally landed a deal with
Ocean Biomedical
— just before the deadline.
Despite some progress, women are still severely underrepresented in the top ranks of biotech, according to a new survey. Of the 200 micro- and small-cap biotech CEOs included in the
Bedford
Group and Transearch’s
latest study,
only 17, or 8.5%, self-identified as women
. While that could be cause for cautious optimism, it can also be a call to action, the author noted.
As part of efforts to slow rising numbers of opioid overdose deaths, FDA commissioner
Rob Califf
previously committed to a major review of the agency’s opioid decision-making process, including labeling. He revealed that the review
will be conducted by experts at The Ohio State University
, who will provide “actionable recommendations.”