Boehringer inks $1.3B Synaffix ADC pact

Publisher’s Note: We are thrilled to announce First Lady Jill Biden will be joining us as a keynote speaker at Fierce JPM Week in San Francisco on January 14th.

Today’s Big News

Jan 9, 2025

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


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


Lonza's Synaffix adds Boehringer to its constellation of partners with $1.3B ADC tech pact


Velia Therapeutics winds down but stays loyal to 'therapeutic potential of microproteins'


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


Scribe slims down workforce as it readies cardiometabolic genetic meds for clinic


MaaT's phase 3 GvHD trial hits goal, teeing up microbiome filing if cash crunch clears


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


Cash-strapped Windtree's new strategy involves buying biotechs with FDA-approved products


Fierce Biotech Fundraising Tracker '25: Verdiva launches with $410M; A2 adds $80M 


After rejection, Vanda CEO pens searing letter to FDA commissioner about ‘disturbing pattern of conduct’


Climb Bio ascends from Eliem legacy with $9M upfront deal for preclinical IgA antibody

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

 

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

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.

Lonza's Synaffix adds Boehringer to its constellation of partners with $1.3B ADC tech pact

Under a new licensing pact, Synaffix will grant Boehringer Ingelheim access to its bespoke ADC technologies for an undisclosed but agreed upon number of cancer targets. At the same time, Synaffix has also inked a technology licensing deal with Japan's Mitsubishi Tanabe Pharma.

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

Velia Therapeutics winds down but stays loyal to 'therapeutic potential of microproteins'

Velia Therapeutics is winding down its operations while staying loyal to the therapeutic potential of microproteins.

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.

Scribe slims down workforce as it readies cardiometabolic genetic meds for clinic

Scribe Therapeutics is slimming down its workforce by 20% as it readies its cardiometabolic pipeline for the clinic, a spokesperson confirmed to Fierce Biotech in an email.

MaaT's phase 3 GvHD trial hits goal, teeing up microbiome filing if cash crunch clears

A phase 3 trial of MaaT Pharma’s graft-versus-host disease drug candidate has hit its primary endpoint, positioning the biotech to seek approval of the microbiome therapy in Europe in mid-2025.

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."

Cash-strapped Windtree's new strategy involves buying biotechs with FDA-approved products

Despite its dwindling cash reserves, Windtree has announced a bold new strategy—trying to acquire small biotechs with FDA-approved products.

Fierce Biotech Fundraising Tracker '25: Verdiva launches with $410M; A2 adds $80M

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

After rejection, Vanda CEO pens searing letter to FDA commissioner about ‘disturbing pattern of conduct’

After Vanda Pharmaceuticals’ phase 3 miss and FDA rejection for its stomach disorder candidate, CEO Mihael Polymeropoulos, M.D., is calling out the regulatory agency for a “disturbing pattern of conduct” that “harms the American public.”

Climb Bio ascends from Eliem legacy with $9M upfront deal for preclinical IgA antibody

Eliem Therapeutics is continuing its transformation into an immune-mediated disease company by paying $9 million to license a Chinese biotech’s IgA nephropathy antibody.

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.

J&J pauses Varipulse pulsed field ablation system's US debut following 4 reports of strokes

Johnson & Johnson MedTech announced that it has paused U.S. procedures and sales of its recently approved Varipulse pulsed field ablation system following reports of four patient strokes.
 
Fierce podcasts

Don’t miss an episode

Fierce Health Payer Summit Recap: What does an ideal payer look like?

Fierce Healthcare hosted the second annual Fierce Health Payer Summit in November. Top leaders and decision-makers in the healthcare and payer industry convened in Austin, Texas, for two days of discussions.
 

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.

 

Upcoming Fierce Events

14-15
Jan
San Francisco, CA
22-24
Jan
Virtual Event
29-1
Apr-May
San Diego, CA
7-9
May
Free Virtual Event
8-11
Sep
Philadelphia, PA

View all events