Goldman Sachs closes $650M biotech fund

Today’s Big News

Jan 3, 2024

Boehringer bets $2B in biobucks to unlock siRNA targets for MASH treatments


With trial win for oral thalassemia drug, Agios charts broader path than gene therapy rivals


iRhythm nabs European approval for latest wearable ECG monitor


‘An attractive opportunity for investing’: Goldman Sachs closes $650M fund aimed at biotechs


Novo Nordisk, Eli Lilly's obesity drugs will lead in new drug sales in 2024: Evaluate


GlucoTrack’s 2-year implantable CGM boasts high accuracy in early tests, paving the way for human trials

 

Featured

Boehringer bets $2B in biobucks to unlock siRNA targets for MASH treatments

Boehringer Ingelheim is having another crack at using RNA to treat metabolic-associated steatohepatitis (MASH). Six years after inking deals for a pair of prospects, the German drugmaker has committed more than $2 billion in biobucks to enter into a multi-target pact with a Chinese biotech and its Swedish subsidiary.
 

Top Stories

With trial win for oral thalassemia drug, Agios charts broader path than gene therapy rivals

Gene therapies have been approved for certain patients with beta thalassemia. After a successful phase 3 readout, Agios hopes it can reach a unique subgroup and eventually all patients.

iRhythm nabs European approval for latest wearable ECG monitor

The new model is made to be significantly smaller, thinner and lighter compared to the company’s previous Zio XT ECG-recording patch.

‘An attractive opportunity for investing’: Goldman Sachs closes $650M fund aimed at biotechs

Goldman Sachs is planning to make a splash in the life sciences sector, closing a $650 million for its first fund aimed at the drug development space.

Novo Nordisk, Eli Lilly's obesity drugs will lead in new drug sales in 2024: Evaluate

Booming demand for blood sugar-modulating diabetes and obesity drugs became the top trend in the biopharma industry in 2023, with two companies—Novo Nordisk and Eli Lilly—overwhelming the market with their dominance. Expect more of the same in 2024, according to a report from Evaluate, which places Novo and Lilly in the top two spots for global new sales.

GlucoTrack’s 2-year implantable CGM boasts high accuracy in early tests, paving the way for human trials

A new set of early study results have suggested that in addition to offering a longer-term alternative to standard CGMs, GlucoTrack’s technology also shows promise in improving on its competitors’ accuracy.

GSK amends commercial deal with Scynexis as antifungal recall drags into 2024

GSK has downgraded a licensing deal for Scynexis' antifungal ibrexafungerp following an ongoing recall of the drug's approved form, Brexafemme.

Get ready for the Roche (Remix), ft. a $30M small molecule deal

Roche is ready for the remix—Therapeutics that is. The Swiss pharma has signed a $30 million upfront deal that could rise to $1 billion down the line to develop new small molecules.

Nexletol partners Esperion and Daiichi Sankyo patch up milestone dispute with $125M settlement

The agreement amends terms of the companies' 2019 partnership on heart med Nexletol and dismisses Esperion's lawsuit over milestone payments ahead of a potential European label expansion.

CG Oncology plans IPO plunge ahead of phase 3 bladder cancer drug readout

Five months after reeling in $105 million from a pre-IPO crossover round, CG Oncology is now ready to take the plunge and go public.

Better Therapeutics adds digital treatment into Glooko’s diabetes management platform

After beginning the U.S. launch of its AspyreRx digital therapeutic for Type 2 diabetes last fall, Better Therapeutics is kicking off the new year by ramping up that rollout.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': The year in biotech

This week on "The Top Line," Fierce Biotech staff writer Gabrielle Masson and senior editor Annalee Armstrong look back at the year in biotech, which was defined by massive layoffs across the industry. They also discuss their favorite stories of the year, including an appearance from a popstar whose reputation precedes her.
 

Resources

Whitepaper

Developing and Manufacturing Drugs with HPAPIs

Discover how to effectively classify highly potent APIs and the steps required to develop containment protocols and manufacturing processes that are both safe and efficient.
eBook

7 “Make or Break” Factors for Emerging Biopharma Companies

This e-book explores 7 factors that are critical to the success of emerging biopharma companies, whether they plan to out-license, partner, or launch & commercialize products.  It’s an essential resource for emerging companies with products in all stages of development.
 

Whitepaper

Quantify microbial biomarkers with high sensitivity and dynamic range

qPCR Assay Design - Quantify microbial biomarkers with high sensitivity and dynamic range
Whitepaper

Pathway to GMP Expectations for Gene-Modified Cell Therapies

Streamline your clinical cell therapy with our GMP-compliant ribonucleoprotein (RNP) manufacturing as you scale up without compromising on quality to tackle complex regulatory requirements.
Whitepaper

Expedite Drug Discovery and Run Fewer Clinical Trials With High Performance Computing and Artificial Intelligence

High performance computing (HPC) combined with artificial intelligence (AI) and machine learning (ML) can speed up research and development processes and dramatically reduce reliance on expensive clinical trials. Download the free solution brief to learn more.

Whitepaper

Fed-Batch Intensification To Increase Titer In Biologics Manufacturing

Improving efficiency and productivity in biologics manufacturing is a longstanding goal within today’s industry, especially now as new and increasingly complex molecules are fundamentally changing technological and operational approaches to drug development. Process intensification can help accelerate this pace of innovation through advanced process development techniques and high productivity manufacturing platforms.

Whitepaper

Effective Technology Transfers for Mammalian-Derived Biologics

As a leader of technology transfer activities in the industry, Lonza understands the challenges associated with this critical step. Download this White Paper today to learn more. 

 

Industry Events

 

Upcoming Fierce Events

9-10
Jan
San Francisco, CA
16-18
Jan
Virtual Event
11-12
Mar
San Francisco, CA
18-20
Mar
Savannah, GA
6-8
May
Jersey City, NJ

View all events