Incyte vets raise $102M for new biotech

Today’s Big News

Jan 24, 2024

Lilly makes waves, says gene therapy restores hearing for child with genetic hearing loss


BenevolentAI taps former Bayer R&D chief to help steer the AI biotech out of choppy waters  


Incyte vets, with phase 1 within reach, raise $102M for new biotech to create better PARP, PI3K drugs


Annovis blames ‘data cleaning’ efforts for delaying phase 3 Parkinson’s readout


Genome & Co. posts survival data from phase 2 microbiome cancer trial, plans more studies


Amphista demonstrates protein degraders’ ‘rapid’ efficacy against tumor, CNS targets in animals

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Featured

Lilly makes waves, says gene therapy restores hearing for child with genetic hearing loss

Eli Lilly says an investigational gene therapy has restored hearing in one child who has experienced hearing loss since birth.
 

Top Stories

BenevolentAI taps former Bayer R&D chief to help steer the AI biotech out of choppy waters

BenevolentAI has named longtime pharma exec Joerg Moeller as its new CEO. He previously led R&D at LEO Pharma after nearly two decades at Bayer.

Incyte vets, with phase 1 within reach, raise $102M for new biotech to create better PARP, PI3K drugs

A group of familiar faces to Incyte watchers has broken off to start their own biotech, pulling in $102 million to develop competitors to approved cancer drugs from AstraZeneca, GSK, Novartis and Pfizer.

Six key considerations for cell and gene therapy patient support programs

Cell and gene therapy patients often require support throughout their treatment journey. Learn key considerations for developing patient support programs.

Annovis blames ‘data cleaning’ efforts for delaying phase 3 Parkinson’s readout

The winding journey of Annovis Bio’s potential Parkinson’s disease therapy through the clinic isn’t over quite yet, with the biotech revealing today that much-anticipated phase 3 data won’t be published this month as planned.

Genome & Co. posts survival data from phase 2 microbiome cancer trial, plans more studies

Genome & Co. has shared data from a midphase that is testing its bacterial strain in combination with a checkpoint inhibitor. The readout encouraged the biotech to plan further clinical trials to validate the combination as a third-line treatment.

Amphista demonstrates protein degraders’ ‘rapid’ efficacy against tumor, CNS targets in animals

Amphista Therapeutics has new data demonstrating the potential of its protein degraders in animal models, a step toward bringing the tech to the clinic. 

WuXi XDC, hot off $520M IPO, inks antibody-drug conjugate deal with Celltrion

Shortly after its spinoff and IPO, WuXi Biologics’ subsidiary WuXi XDC has locked up a major customer on its quest to establish itself as a premier bioconjugation contract research, development and manufacturing organization.

iuvo BioScience acquires ophthalmology CRO Promedica for undisclosed price

In a move to expand its footprint, iuvo BioScience, which describes itself as a specialty partner research organization, has picked up ophthalmology-focused CRO Promedica International.

J&J highlights Abiomed’s first year in 2023 medtech earnings

Worldwide operational sales across J&J’s medical device divisions grew 12.4% in 2023, to top $30.4 billion in total revenue, with Abiomed alone contributing 4.7%, the company said.

GSK inks tech licensing pact with DNA manufacturer Elegen to bolster R&D efforts

Pharma giant GSK and Elegen are partnering to leverage the California-based DNA manufacturer's proprietary technology to help develop new vaccines and medicines.
 
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'Podnosis': What’s next for health tech investing in 2024?

This week on "Podnosis," Sofia Guerra and Steve Kraus from Bessemer Venture Partners sat down with Fierce Healthcare's Heather Landi to discuss the health tech sector's performance, unraveling the factors that contributed to its current state. They share what it will take to get health tech out of its current market lull and explore whether we’ll see a rebound in IPOs this year. 
 

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