Vensana nets $425M for 3rd medtech fund

Today’s Big News

Jan 9, 2025

Verdiva launches with $410M series A to fund weekly-dosed weight loss drug trials, pipeline growth


Sanofi scores with its subcutaneous version of Sarclisa as it tries to play catch up with J&J's Darzalex


Vensana Capital keeps up momentum with third medtech investment fund, raising $425M


Moderna co-founder Chien’s new biotech inks $950M RNA deal with Etherna


With BIOSECURE in limbo, should BeiGene or Legend sell itself in 2025? Analysts weigh in


Francis Medical collects $80M to carry water vapor ablation for prostate cancer to the FDA


Bayer makes hot flash splash, hitting phase 3 breast cancer goal to steal march on Astellas

 

Featured

Verdiva launches with $410M series A to fund weekly-dosed weight loss drug trials, pipeline growth

Just when you thought there couldn’t be investor appetite for yet another GLP-1-focused obesity biotech, Verdiva Bio has arrived on the scene with an eye-popping series A.
 

Top Stories

Sanofi scores with its subcutaneous version of Sarclisa as it tries to play catch up with J&J's Darzalex

With an on-body delivery system (OBDS) to deliver its subcutaneous (SC) formulation of Sarclisa, Sanofi may be finding the edge it needs to compete with Johnson & Johnson's Darzalex in multiple myeloma. Sanofi has taken a major step in the development of its OBDS as a phase 3 trial has met its primary co-endpoints, showing non-inferiority to intravenous (IV) Sarclisa, the company said.

Vensana Capital keeps up momentum with third medtech investment fund, raising $425M

The venture firm Vensana Capital has raised its third medtech-focused fund in the past six years, with $425 million in new commitments to support growing medical device and data science startups.

Moderna co-founder Chien’s new biotech inks $950M RNA deal with Etherna

Young biotech Dropshot Therapeutics has hooked in Etherna Immunotherapies with an RNA pact that could net up to $950 million.

With BIOSECURE in limbo, should BeiGene or Legend sell itself in 2025? Analysts weigh in

When the BIOSECURE Act missed the chance of becoming law in 2024, the deceleration of the draft legislation invited the question of whether two biotechs living under the shadow of the bill—Legend Biotech and BeiGene—should grasp the opportunity and seek an exit in 2025.

Francis Medical collects $80M to carry water vapor ablation for prostate cancer to the FDA

The series C round was co-led by Arboretum Ventures and Solas BioVentures, and joined by backers at Orlando Health Ventures, Coloplast and Tonkawa.

Bayer makes hot flash splash, hitting phase 3 breast cancer goal to steal march on Astellas

Bayer’s hot flash drug candidate has hit the mark in a phase 3 breast cancer trial, potentially positioning the German drugmaker to get the jump on Astellas’ rival drug Veozah.

Fueled by new launches, US drug prices poised to continue trending upward: Cowen report

Despite recent developments in the fight to corral high U.S. drug prices, the trend toward consistently rising costs—which has held true for years—is likely to persist for the foreseeable future. That's according to a recent TD Cowen report on the near-term drug pricing outlook in the U.S.

Lilly crafts deal for up to 5 new ALS antibodies with UK biotech Alchemab

It’s been a rough month for several clinical amyotrophic lateral sclerosis (ALS) candidates, but that’s not stopping Eli Lilly from pursuing new drugs of its own for the devastating neurological disease. The Big Pharma has inked a deal with British biotech Alchemab Therapeutics to develop new antibodies for ALS.

Catalyst settles with Teva, staving off Firdapse generic until 2035

Thanks to a new settlement with Catalyst, Teva is barred from marketing its Firdapse generic in the U.S. until Feb. 25, 2035, at the earliest.

Mendaera hires chief commercial officer for handheld medical robot launch

Mendaera has found a leader with deep medical robotics experience to lead its commercialization push. Eric Davidson has taken up the chief commercial officer position at Mendaera, positioning him to apply experience gained at companies including Intuitive Surgical to the launch of a handheld robotic platform.

Astellas calls it quits on early-stage lymphoma CAR-T following pipeline review

Earlier this week, a study of Astellas’ autologous CAR-T asset ASP2802 in CD20-positive B-cell lymphomas was listed as terminated in the U.S.’ online clinical trial database. Astellas confirmed that it has stopped development on the candidate, which it attributed to "prioritization efforts."

Havas starts GLP-1 video series to show value of episodic online content

Havas is forging deeper into the GLP-1 space with a series of YouTube videos about the drug class and its impact on the world. The ad agency is pitching the series as both a science-led initiative to separate fact from fiction and a project that will show the value of serialized episodic online content to brands.
 
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'The Top Line': 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

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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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