Coya debuts $15M IPO in final hours of '22

Today's Big News

Jan 3, 2023

Weak data as booster for Comirnaty close off opportunity for Valneva's COVID-19 vaccine


First startup blooms from Mayo Clinic cell and gene therapy accelerator with $750M Cellectis partnership


Coya skates on frosty IPO waters, debuting in final hours of 2022 with $15M


Tessa plucks New Year’s resolutions off the shelf, leaving phase 2 autologous CAR-T behind in 2022


Viking accuses Chinese biotech of 'ruse' to raid trade secrets and make off with NASH cache


Hunting for cash, Jounce sells remaining stake in tumor antibody to partner Gilead for $67M


Blacksmith returns to Forge as companies remerge to hammer out metalloenzyme medicines


Connect blames 'challenging funding environment' for pausing lead global program


'Decoy' receptor protects CAR-T cells from antibody-driven destruction 


Pfizer's hemophilia B gene therapy is better than standard of care in phase 3 trial


Protein seen in dry eye disease injuries could have therapeutic potential

 

Featured

Weak data as booster for Comirnaty close off opportunity for Valneva's COVID-19 vaccine

Valneva’s plans to establish its COVID-19 vaccine as a booster to Pfizer and BioNTech’s Comirnaty have taken a blow, with a clinical trial of the shot eliciting “only a marginally increased neutralizing antibody response.”
 

Top Stories

First startup blooms from Mayo Clinic cell and gene therapy accelerator with $750M Cellectis partnership

Seeds from Mayo Clinic’s cell and gene therapy accelerator Mayflower Bioventures have taken flight in a new biotech called Primera Therapeutics, which launches today with a blossoming $750 million partnership to work on therapies for mitochondrial diseases.

Coya skates on frosty IPO waters, debuting in final hours of 2022 with $15M

While initial public offerings for biotech were few and far between this year, Coya Therapeutics slipped in at the last moment with a $15 million debut.

Tessa plucks New Year’s resolutions off the shelf, leaving phase 2 autologous CAR-T behind in 2022

Tessa Therapeutics is entering the new year with new ambitions, shelving a phase 2 autologous cell therapy med to prioritize development of an allogeneic counterpart. The reconfiguration comes just more than six months after the company raised a $126 million series A.

Viking accuses Chinese biotech of 'ruse' to raid trade secrets and make off with NASH cache

Viking Therapeutics thinks it has rumbled a raid on its non-alcoholic steatohepatitis (NASH) trade secrets. In a lawsuit, the San Diego-based biotech has accused China’s Ascletis BioScience of using information shared under a confidentiality agreement to turbocharge its expansion into the NASH development race.

Hunting for cash, Jounce sells remaining stake in tumor antibody to partner Gilead for $67M

While the tough funding environment has forced many biotechs to lay off staff or pare back their pipelines, Jounce has at least found a way to make some easy money in the process. The biotech has sold its remaining stake in an anti-CCR8 antibody, dubbed GS-1811, to Gilead for $67 million.

Blacksmith returns to Forge as companies remerge to hammer out metalloenzyme medicines

It’s back to the workshop for Blacksmith Medicines as it melds with originating company Forge Therapeutics to produce a metalloenzymes-focused biotech that will initially hammer out therapies for cancer and infections.

Connect blames 'challenging funding environment' for pausing lead global program

In a sign that the tough climate for biotechs will last into 2023, Connect Biopharma cited the icy funding environment for its decision to halt a global phase 3 program for its lead dermatitis asset while it seeks out a suitable partner.

'Decoy' receptor protects CAR-T cells from antibody-driven destruction

By over-expressing a special receptor, scientists have potentially found a way to trick the immune system into leaving allogenic CAR-T cells alone.

Pfizer's hemophilia B gene therapy is better than standard of care in phase 3 trial

Pfizer’s gene therapy for severe hemophilia B has not only matched standard of care but beat it in a phase 3 study testing whether the treatment can help patients make the protein responsible for blood clotting on their own.

Biogen, FDA's inappropriate Aduhelm coordination detailed in blistering congressional report

A scathing congressional report has detailed communications described as "inappropriate" and "atypical" between Biogen and the FDA regarding the approval of Alzheimer’s disease drug Aduhelm plus the decision-making behind the pricing and marketing of the now-benched medicine.

Protein seen in dry eye disease injuries could have therapeutic potential

Dry eye disease isn’t just uncomfortable—it also puts patients at greater risk of corneal injury. Now, scientists may have identified a new approach to protecting them.

Equillium cancels Metacrine buy, citing 'strong financial position' after Ono deal

Equillium is no longer buying Metacrine after the former's asset deal with Ono added enough new cash to press on by itself. The merger agreement originally announced in September was slated to cost Equillim $26 million.

Amgen, Merck KGaA add to budding constellation of ADC deals amid the modality's meteoric rise

The race to build the next great antibody-drug conjugate therapy continues to speed up, with Amgen and Merck KGaA each signing new development pacts to stake their claim. The combined value of the two deals inked ahead of the holiday weekend exceeds $2 billion.

Ipsen's rare disease candidate rejected after mounting setbacks, delays

The rocky U.S. regulatory road for Ipsen's rare disease med palovarotene has ended, for now, after its application was rejected by the FDA. The company says the denial was related to a request for additional data made in October.

2022 drug approvals: After Aduhelm fiasco, FDA endorsements drop to 37

Each year, many scientists and other experts working in the biopharma industry see years of their work culminate in FDA approvals. In 2022, however, fewer drugs were approved than was typical in recent years. Is this the result of the FDA becoming gun-shy after its much-criticized sanction of Biogen's Alzheimer's disease treatment, Aduhelm, in 2021? Or was 2022 just a cyclical blip on the approval landscape?

Editor's Corner: Fierce Biotech's top 10 editor's picks for 2022

Senior Editor Annalee Armstrong recaps her top 10 best stories of the year that the Fierce Biotech team produced.
 
Fierce podcasts

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'The Top Line': The medtech industry’s highest paid CEOs, plus this week's headlines

This week on “The Top Line,” we discuss the medtech industry’s highest paid CEOs. Plus, we cover Theranos' COO's prison sentence, highlights from the American Society of Hematology annual meeting and other top headlines from this week.
 

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