JPM 2023 kicks off with Lilly, AstraZeneca licensing deals

Today's Big News

Jan 9, 2023

Editas rewrites its own code after tough 2022, sending staff packing and editing down programs


Flagship Pioneering CEO urges shareholders to stay the course on 'choppy' biotech markets: 'See you on the seas'


Lilly rides TRex into regulatory T-cell space, paying $55M upfront for 3 immune-mediated disease drugs


Capitalizing on share price crash, AstraZeneca inks $1.8B CinCor takeover for blood pressure drug


Roche offers up to $554M in biobucks to in-need Kronos for small-molecule discovery pact


Boehringer offers 3T Biosciences $268M to plug its data into biotech's TCR cancer platform


Stalicla pledges $270M to take forward Novartis' failed former fragile X candidate


Neurocrine blows fresh wind in Voyager's sails with $175M upfront for CNS capsid collab


Takeda, Arrowhead hit one target for rare disease drug, but placebo overperformance sends biotech's shares tumbling


JPM23, Day 1: AstraZeneca scoops CinCor for cardiorenal drug; Genentech seals small molecule pact


Novavax CEO Stanley Erck retires after overseeing COVID shot launch


Astellas continues intergalactic licensing quest, signing onto 2 new pacts


Pharvaris to embark on 6-month tox test in hopes of reversing US clinical hold for HAE asset


Annexon, Liminal shrink pipelines to prioritize potential homerun candidates


Karuna parts ways with executive as it gears up for schizophrenia drug's high-profile launch


BioNTech signs UK government pact to deliver cancer therapies to 100k patients by 2023

 

Featured

Editas rewrites its own code after tough 2022, sending staff packing and editing down programs

Editas is taking the red pen to its pipeline after a tough 2022 that saw the gene editing biotech cut a lead asset due to disappointing data—and the changes are going to mean more than a little rewrite.
 

Top Stories

Flagship Pioneering CEO urges shareholders to stay the course on 'choppy' biotech markets: 'See you on the seas'

The markets battered biotechs in 2022, even those that had the backing of Moderna's venture capital firm Flagship Pioneering. But good science takes time, CEO Noubar Afeyan wrote in a letter to shareholders.

Lilly rides TRex into regulatory T-cell space, paying $55M upfront for 3 immune-mediated disease drugs

Johnston Erwin has persuaded some old friends to up their bet on TRexBio. Twenty months after taking over as CEO of the biotech, the Eli Lilly veteran has landed a deal with his former employer that sees the trade of $55 million for exclusive rights to three regulatory T-cell programs.

How MRD is accelerating effective use of biologic therapies

Advanced ctDNA analysis yields biomarkers of cancer dynamics essential in therapeutic monitoring & intervention. Learn how NeXT Personal® detects MRD, monitors variants, & delivers powerful insights.

Capitalizing on share price crash, AstraZeneca inks $1.8B CinCor takeover for blood pressure drug

AstraZeneca has kicked off the J.P.Morgan Healthcare Conference with a deal, capitalizing on the recent collapse of CinCor Pharma’s share price to snap up the blood pressure biotech in a $1.8 billion deal.

Roche offers up to $554M in biobucks to in-need Kronos for small-molecule discovery pact

Kronos Bio had a rough end to 2022, after having to toss away a late-stage acute myeloid leukemia asset. But 2023 is already looking a bit brighter, thanks to a new small molecule drug discovery pact with Roche’s Genentech.

Boehringer offers 3T Biosciences $268M to plug its data into biotech's TCR cancer platform

Boehringer Ingelheim wants to input its patient-derived T-cell receptor data into 3T Biosciences' platform with the hope of identifying new antigen targets for cancer immunotherapies. If successful, 3T could be in line for a $268 million payday.

Stalicla pledges $270M to take forward Novartis' failed former fragile X candidate

Novartis kept the faith in mavoglurant even after the therapy flunked a trial in a genetic disorder. Now, fellow Swiss drug developer Stalicla has signed off on $270 million in biobucks to take the asset into phase 3 for cocaine use.

Neurocrine blows fresh wind in Voyager's sails with $175M upfront for CNS capsid collab

Voyager Therapeutics’ bet on its capsid technology continues to pay off, as the company banks $175 million from a strengthened collaboration with long-term partner Neurocrine Biosciences.

Takeda, Arrowhead hit one target for rare disease drug, but placebo overperformance sends biotech's shares tumbling

Takeda and Arrowhead Pharmaceuticals have met at least one mark in a phase 2 study of a liver disease drug called fazirsiran, but placebo overperformed on reducing liver scarring, sending the biotech’s shares down over 22% Monday morning. Nevertheless, the partners are advancing the med to phase 3, albeit with a plan for a longer study period.

JPM23, Day 1: AstraZeneca scoops CinCor for cardiorenal drug; Genentech seals small molecule pact

Join us for a rolling look at the top life sciences news coming out of this year's J.P. Morgan Healthcare Conference.

Novavax CEO Stanley Erck retires after overseeing COVID shot launch

Novavax CEO Stanley Erck is heading for retirement after 12 years at the helm, including the past three years in which he oversaw the company's transformation into a COVID-19 vaccine maker.

Astellas continues intergalactic licensing quest, signing onto 2 new pacts

Astellas has inked two new licensing deals in the hopes of finding commercial success through external voyages, including a bolt-on deal with Selecta worth $350 million.

Pharvaris to embark on 6-month tox test in hopes of reversing US clinical hold for HAE asset

Pharvaris is looking for redemption for its leading hereditary angioedema (HAE) drug hopeful PHA121 in the form of a six-month animal toxicity trial aimed at assuaging concerns over the med’s safety.

Annexon, Liminal shrink pipelines to prioritize potential homerun candidates

A new year means new culls, and Annexon and Liminal are some of the first biotechs to shrink their clinical ambitions.

Karuna parts ways with executive as it gears up for schizophrenia drug's high-profile launch

Karuna Therapeutics is gearing up for a potential launch of schizophrenia med KarXT—one which analysts say could be “amongst the highest in profile in recent times.” But they’ll now be doing it without their Chief Commercial Officer Charmaine Lykins, who quietly departed Thursday afternoon.

BioNTech signs UK government pact to deliver cancer therapies to 100k patients by 2023

In a sign of BioNTech’s growing confidence and ambitions, the mRNA leader announced a deal struck directly with the U.K. government to recruit patients for trials of the German biotech’s cancer immunotherapies.

'We don't know' what the limits are for RNA therapies

Thanks to the success of Moderna and BioNTech’s COVID-19 vaccines, the question is no longer whether RNA technology can be put to use but where its limits lie.
 
Fierce podcasts

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'The Top Line': 2022's rotten tomatoes, plus this week's news

This week on “The Top Line,” we discuss the biotech industry’s rotten tomatoes. Plus, we cover the drug approvals of last year, a congressional report on Biogen's "inappropriate" communications with the FDA and other top headlines from this week.

 

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