Kyverna’s CEO sets out autoimmune roadmap

Today’s Big News

Jan 13, 2025

JPM25, Day 1: GSK's billion-dollar bet, Bayer's trial first, Lilly buys Scorpion, and more


Eli Lilly strikes $2.5B Scorpion buyout in twist to breast cancer tale


Strategist GSK acquires IDRx for $1B in hopes of bringing GIST patients new standard of care


Gilead roars into JPM25, inking $1.7B inflammation deal with Leo Pharma


AbbVie pens $1B deal for Simcere’s phase 1 T-cell engaged


Johnson & Johnson makes a splash, buying out Intra-Cellular Therapies for $14.6B


Kyverna's new CEO sets priorities for cell therapy biotech riding the autoimmune wave

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

 

Featured

JPM25, Day 1: GSK's billion-dollar bet, Bayer's trial first, Lilly buys Scorpion, and more

It's JPM 2025 and here at Fierce Biotech we’re bringing you all the latest updates live from the life sciences event of the year.
 

Top Stories

JPM25: Eli Lilly strikes $2.5B Scorpion buyout in twist to breast cancer tale

Eli Lilly is reenergizing its attempt to challenge Novartis and Roche for a breast cancer market, kicking off the J.P. Morgan Healthcare Conference with a deal to buy Scorpion Therapeutics’ PI3Kα pipeline for up to $2.5 billion.

JPM25: Strategist GSK acquires IDRx for $1B in hopes of bringing GIST patients new standard of care

In a deal worth up to $1.15 billion, GSK is acquiring precision medicine biotech IDRx and its phase 3-ready gastrointestinal cancer asset.

Gilead roars into JPM25, inking $1.7B inflammation deal with Leo Pharma

Gilead continues its divergence out of its original infectious disease beginnings and into cancer and, now, more deeply than before, into inflammation, penning a major $1.7 billion deal with dermatology specialist Leo Pharma just a few days before the J.P. Morgan Healthcare Conference.

JPM25: AbbVie pens $1B deal for Simcere’s phase 1 T-cell engager

T-cell engagers have been hot property in recent months, so it’s only right that one of the biggest deals to kick off the J.P. Morgan Healthcare conference should see AbbVie expand its interest in the tech.

JPM25: Johnson & Johnson makes a splash, buying out Intra-Cellular Therapies for $14.6B

Johnson & Johnson has opened the J.P. Morgan Healthcare Conference with a bang, buying out Intra-Cellular Therapies for $14.6 billion. At $132 per share, J&J paid a 39% premium on Friday’s closing price of Intra-Cellular, a New York City based biotech that develops and markets products for the central nervous system.

JPM25: Kyverna's new CEO sets priorities for cell therapy biotech riding the autoimmune wave

About 100 days into the CEO role at Kyverna Therapeutics, Warner Biddle has identified stiff person syndrome, a rare neurological disorder launched into public attention by Céline Dion’s diagnosis, as the biotech’s gateway to delivering the first approved CAR-T therapy in an autoimmune disease.

JPM25: Bayer moves allogeneic cell therapy into phase 3 Parkinson's trial

Bayer’s Parkinson’s disease cell therapy is moving into late-stage testing, with the upcoming trial set to be the first registrational phase 3 study for an investigational allogeneic cell therapy in the neurodegenerative disease.

The top 10 biopharma M&A deals of 2024

While the overall volume of pharma and life sciences M&A activity was healthy in 2024 versus historic levels, deals trended toward the smaller side, reducing the total deal value observed for the year. That inclination for large pharma companies to pursue small and mid-sized transactions is likely to persist in 2025, too, analysts at Leerink Partners and PwC have opined.

Epigenetic biotech raises bumper round to the Tune of $175M to fund entry into clinic

Investors clearly appreciate the song that Tune Therapeutics is singing, handing over $175 million in series B funds as the biotech takes its epigenetic silencing drug into the clinic.

Biogen, already a Sage partner and equity owner, offers to buy the rest of the neuro biotech

Having witnessed a 90%-plus stock price slide during recent years, Sage Therapeutics’ leadership must decide whether now is the right time to accept a buyout offer.

Blueprint ends work on clinical-stage CDK2 inhibitor but pushes on in breast cancer

Blueprint Medicines is cutting funding to its clinical-stage CDK2 inhibitor even as the Ayvakit-maker pushes forward with similar preclinical breast cancer-focused therapies.

Telix continues shopping spree with $45M purchase of ImaginAb's preclinical drugs, facility

Telix Pharmaceuticals’ expansion phase shows no sign of running out yet, with the Australian radiopharma company paying $45 million in upfront cash and equity for a pipeline of preclinical cancer antibodies and a Californian research facility.

Kailera reports Zepbound-rivaling weight loss in phase 2 obesity trial

Fresh from a $400 million series A round, Kailera Therapeutics has shown off phase 2 data on an obesity candidate it believes can muscle in on the market. Kailera and partner Jiangsu Hengrui Pharmaceuticals linked the injectable GLP-1/GIP receptor dual agonist to 22.8% mean weight loss after 36 weeks.

Kardigan launches with cozy $300M series A and collection of late-stage cardio assets

A new company is making its debut with a series A sum that’s sure to make hearts race. Launching with $300 million in hand, Kardigan plans to develop parallel treatments to prevent and cure cardiovascular diseases so that they’re no longer the leading cause of death worldwide, the company announced in a Jan. 10 release.

Obesity-focused Metsera files IPO just 9 months after emerging

Next-gen obesity biotech Metsera has filed to debut on the public markets, proposing an IPO nine months after emerging.

IGM, Y-mAbs, Passage Bio and more telegraph staff cuts amid restructuring spree

Just two weeks into 2025, January is proving why it’s earned a reputation as the worst month for layoffs. Late this week, a quartet of companies—IGM Biosciences, Y-mAbs Therapeutics, Passage Bio and Shoreline Biosciences—each revealed plans to cut jobs as they rework their respective pipelines and business structures.

JPM25, Day 1: J&J strikes $14.6B deal for Intra-Cellular Therapies; Eylea HD has 'relatively dismal' Q4 showing

For the 43rd edition of the JPM conference, Johnson & Johnson stole the spotlight off the bat. But plenty of other company updates are on deck for day 1.
 
Fierce podcasts

Don’t miss an episode

Breaking down the 55 new drug approvals of 2024

This week on “The Top Line,” we dive into 2024's batch of new FDA drug approvals, highlighting some potential blockbusters and shifts from previous years' lists.
 

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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