Aviceda raises $207M for Izervay challenger

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Today’s Big News

Jan 7, 2025

Rival AbbVie and Denali prospects flunk phase 2/3 ALS tests, denting hopes for shared mechanism


CytomX lays off 40% of staff, questions future of Amgen-partnered T-cell engager


Aviceda raises $207M series C to take geographic atrophy drug through phase 3


Metsera links GLP-1 drug to 11% weight loss after 12 weeks, teeing up trial of monthly dosing


Novo Nordisk and Variant set out to find new metabolic treatments, pay communities that share genetic data


Candid's T-cell engager shopping spree rolls on with WuXi Biologics pact worth up to $925M 


Vertex pays Orna $65M to work on next-gen gene therapies for blood disorders


Fierce Biotech Fundraising Tracker '25: Alebund adds $75M; XyloCor raises $67M


AbbVie exercises first $40 million option to advance Capsida-partnered CNS gene therapy 

The Top Line Podcast: Don’t miss out on the newest episode. Listen now.

 

Featured

Rival AbbVie and Denali prospects flunk phase 2/3 ALS tests, denting hopes for shared mechanism

AbbVie, Calico and Denali Therapeutics’ hopes of treating amyotrophic lateral sclerosis by targeting eIF2B have taken a hit. Massachusetts General Hospital found neither AbbVie and Calico’s fosigotifator nor Denali’s DNL343 significantly slowed disease progression, causing misses on the primary endpoints.
 

Top Stories

CytomX lays off 40% of staff, questions future of Amgen-partnered T-cell engager

CytomX Therapeutics is shrinking its head count by 40% as the biotech regroups and looks at fresh ways to conserve cash.

Aviceda raises $207M series C to take geographic atrophy drug through phase 3

Aviceda Therapeutics has secured $207.5 million in series C funds as the immunomodulator-focused biotech awaits a phase 3 readout this year for its lead eye disease drug.

Discover Astellas’ differentiated approach to innovation partnerships

Discover how Astellas builds innovation partnerships with ambitious organizations that share their vision to transform the lives of patients

Metsera links GLP-1 drug to 11% weight loss after 12 weeks, teeing up trial of monthly dosing

Metsera has linked its GLP-1 drug candidate to weight loss of up to 11.3% after 12 weeks, encouraging the biotech to use some of its $215 million war chest to assess monthly dosing of the injectable therapy.

Novo Nordisk and Variant set out to find new metabolic treatments, pay communities that share genetic data

Novo Nordisk wants to expand its legacy in metabolic conditions, inking a multiyear research pact with Variant Bio to better understand the genetics underlying disease across diverse populations.

Candid's T-cell engager shopping spree rolls on with WuXi Biologics pact worth up to $925M

Candid Therapeutics is continuing its mission to flesh out a pipeline of T-cell engagers in record time, signing a $925 million biobucks deal with WuXi Biologics for a preclinical candidate.

Vertex pays Orna $65M to work on next-gen gene therapies for blood disorders

Vertex Pharmaceuticals is hoping to build on its existing rare blood disorder treatment legacy, teaming up with Orna Therapeutics’ ReNAgade in efforts to develop next-gen gene therapies for sickle cell disease and transfusion-dependent beta thalassemia.

Fierce Biotech Fundraising Tracker '25: Alebund adds $75M; XyloCor raises $67M

The Fierce Biotech Fundraising Tracker records venture capital rounds of $50 million or more secured by biotechs.

AbbVie exercises first $40 million option to advance Capsida-partnered CNS gene therapy

Gene therapy firm Capsida Biotherapeutics is advancing the first of its AbbVie-partnered neurodegenerative disease therapies after the Big Pharma exercised a $40 million option for the program.

FDA draft guidance recommends tissue biopsies only be required in trials if necessary and low risk

Tissue biopsies can be important parts of testing new drugs, and the FDA has now issued a draft guidance with recommendations for when they should be included in clinical trial protocols.

With key win over AstraZeneca's Tagrisso, J&J touts Rybrevant-Lazcluze combo as 'new standard of care'

Johnson & Johnson’s combination of Rybrevant and Lazcluze has racked up an overall survival victory against AstraZeneca’s standard-of-care Tagrisso as a first-line treatment for advanced or metastatic non-small cell lung cancer.

Louisiana health officials report first fatal case of H5N1 bird flu in the US. Here's the latest update

A Louisiana patient who had been hospitalized with the first human case of highly pathogenic avian influenza, or H5N1, in Louisiana and the U.S. has died, the state's health department reported Monday.

With phase 3 trial win, PharmaEssentia plots label expansion for rare blood cancer treatment Besremi

After its drug met the mark in a phase 3 study in essential thrombocythemia, PharmaEssentia looks to file an expansion bid with the FDA by the end of 2025.
 
Fierce podcasts

Don’t miss an episode

Fierce 50 honorees look ahead: AI, rural health, antibiotic resistance, maternal care and more

This week on "The Top Line," we bring you a special conversation from earlier this month at our New York City gala, where we celebrated this year’s Fierce 50 honorees.
 

Resources

Whitepaper

Communicating the Value of Biopharma Assets to Potential Investors

How can an emerging company attract the right partner for a therapeutic asset (& optimize its value in a transaction)? This paper offers some insights.

 

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