Cullinan CEO talks ‘thriller or killer’ approach

Today’s Big News

Feb 7, 2025

Bristol Myers backs out of Dupixent fight, axing allergy asset despite phase 3 win


Bain throws down $3.3B to acquire Japan's Mitsubishi Tanabe Pharma


Cullinan CEO talks autoimmune pivot, upcoming lupus readout and his 'thriller or killer' approach


CF-focused Sionna goes public in $135M IPO, while Aardvark plots $103M listing


Acelyrin to be absorbed into Alumis in all-stock merger


Novo Nordisk adds pediatric data to bulging bag of evidence on near-approval hemophilia A prospect


Eli Lilly's next R&D focus: Testing cardiometabolic meds in neuro, immunology fields


Chutes & Ladders—J&J vet jumps to Affinia


Denali eyes approval after Hunter syndrome drug clears safety measures, reduces biomarkers in open-label study


Vaccine prevents recurrence of advanced kidney cancer in small trial


Looking ahead at the most anticipated drug launches of 2025

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

 

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Bristol Myers backs out of Dupixent fight, axing allergy asset despite phase 3 win

Bristol Myers Squibb has continued its ruthless cost-cutting push, dropping plans to commercialize a rival to Dupixent despite meeting its phase 3 goals and pumping the brakes on a would-be Sotyktu successor.
 

Top Stories

Bain throws down $3.3B to acquire Japan's Mitsubishi Tanabe Pharma

Bain Capital is laying out 510 billion Japanese yen ($3.3 billion) to acquire Mitsubishi Tanabe Pharma in a carve-out transaction from its parent Mitsubishi Chemical Group. The deal, which is expected to close in 2025’s third quarter, will set up Tanabe Pharma as an independent company, Bain said.

Cullinan CEO talks autoimmune pivot, upcoming lupus readout and his 'thriller or killer' approach

Breakthrough research and investor enthusiasm prompted Cullinan Therapeutics to redirect one of its cancer programs toward autoimmune diseases in 2024. Now, CEO Nadim Ahmed wants to reset expectations, hoping that speed and a “thriller or killer” approach will be his friends as the company navigates both competitive fields.

CF-focused Sionna goes public in $135M IPO, while Aardvark plots $103M listing

Cystic-fibrosis-focused Sionna Therapeutics is joining the Nasdaq this morning with an upsized public offering, while obesity biotech Aardvark Therapeutics unveiled plans for a nine-figure IPO of its own.

Acelyrin to be absorbed into Alumis in all-stock merger

Eye-disease-focused Acelyrin will be absorbed into immune-mediated disease specialist Alumis as part of an all-stock merger.

Novo Nordisk adds pediatric data to bulging bag of evidence on near-approval hemophilia A prospect

Novo Nordisk has bolstered the case for its near-approval hemophilia A drug candidate Mim8, linking the prospect to reductions in treated bleeds in children with the hereditary bleeding disorder.

Eli Lilly's next R&D focus: Testing incretin meds in neuro, immunology fields

Eli Lilly has invested heavily into obesity, dominating the landscape—alongside semaglutide seller Novo Nordisk—with its blockbuster molecule tirzepatide. Now, with a pipeline chock-full of numerous incretin therapies, the Big Pharma's new strategy will be to test some of those drugs across neurology and immunology indications.

Chutes & Ladders—J&J vet jumps to Affinia

Veteran scientist Hideo Makimura, M.D., Ph.D., is going fully preclinical by joining gene therapy biotech Affinia Therapeutics as chief medical officer. Makimura most recently served in leadership roles at J&J.

Denali eyes approval after Hunter syndrome drug clears safety measures, reduces biomarkers in open-label study

After winning a breakthrough therapy designation for its Hunter syndrome enzyme replacement therapy, Denali Therapeutics is climbing closer to its goal of accelerated approval by unveiling data showing the drug met its primary safety endpoints and reduced key biomarkers of the disease.

Cancer vaccine prevents recurrence of advanced kidney cancer in small trial

After their advanced kidney tumors were surgically removed, nine patients were protected from the cancer returning thanks to an experimental, personalized cancer vaccine, researchers reported Feb. 5.

Looking ahead at the most anticipated drug launches of 2025

This week on "The Top Line," we dig into the 10 biggest potential drug launches of 2025, predicted to rake in a combined $29 billion in annual sales by the end of the decade.

J&J CEO broke a stalemate and facilitated the $14.6B Intra-Cellular buyout in a whirlwind month: filing

Johnson & Johnson's proposed $14.6 billion purchase of Intra-Cellular Therapies took just one month from the time the buyer revealed its intention to the signing of the deal. The process involved a key intervention from J&J’s CEO Joaquin Duato, a securities filing shows.

Regeneron tangles with Sanofi over commercial transparency in long-running Dupixent collaboration

In a lawsuit that received little attention toward the end of last year, Regeneron has taken Sanofi to court over claims that its marketing and development partner violated the terms of a long-standing Dupixent collaboration. Regeneron disclosed the lawsuit in an annual filing this week.

Fierce Pharma Asia—China troubles at Merck, AZ; Astellas' C-suite shuffle and Izervay stumbles

Merck & Co. and AstraZeneca suffered notable losses in China during the fourth quarter. Astellas shuffled its C-suite and revealed a slowdown for its newly launched eye disease med Izervay. Plus more.
 
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Looking ahead at the most anticipated drug launches of 2025

This week on "The Top Line," we dig into the 10 biggest potential drug launches of 2025, predicted to rake in a combined $29 billion in annual sales by the end of the decade.
 

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The Oncology Market: 2024 Year in Review

This paper reviews key developments in the oncology market during 2024 and outlines what they mean for the future.

 

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