Kyverna scores $319M IPO

Today’s Big News

Feb 8, 2024

AstraZeneca axes kidney disease program after seeing phase 2b data, dealing another blow to IL-33


BioNTech pays Autolus $250M for manufacturing, CAR-T expertise in wide-ranging collab


Kyverna overshoots raised IPO expectations, landing at $319M for autoimmune cell therapy mission


Don't call it a comeback, but Neurona knocks out $120M raise a year after layoffs


Adverum’s gene therapy reduces treatment burden in wet AMD, but questions remain


Veru needs additional cash for fresh trial of respiratory distress drug


Medidata extends Sanofi collaboration with new vaccine unit deal

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

 

Featured

AstraZeneca axes kidney disease program after seeing phase 2b data, dealing another blow to IL-33

AstraZeneca has cut another strand of its multi-front IL-33 drug development program, stopping work in diabetic kidney disease in response to phase 2b efficacy data.
 

Top Stories

BioNTech pays Autolus $250M for manufacturing, CAR-T expertise in wide-ranging collab

BioNTech has already been tinkering with its manufacturing processes in the run up to CAR-T BNT211 entering pivotal trials. Now, the German biotech has brought British company Autolus on board in an intriguing $250 million collaboration.

Kyverna overshoots raised IPO expectations, landing at $319M for autoimmune cell therapy mission

Apparently Kyverna Therapeutics wasn’t getting carried away when it raised its IPO expectations on Tuesday.

Biotech in 2024: Opportunities, Trends & Challenges

In this exclusive interview, ICON Biotech President Chris Smyth paints a picture of the operating environment facing biotechs in 2024.

Don't call it a comeback, but Neurona knocks out $120M raise a year after layoffs

Almost a year ago to the day, Neurona Therapeutics was cutting staff, citing a difficult funding environment. Fast forward to today, and the company has reeled in a much needed $120 million.

Adverum's gene therapy reduces treatment burden in wet AMD, but questions remain

Adverum Biotechnologies’ gene therapy for wet age-related macular degeneration reduced treatment burden and maintained visual acuity in a phase 2 study, though a full picture can't be formed yet from the slice of early data.

Veru needs additional cash for fresh trial of respiratory distress drug

Veru knows the route that its once-dismissed respiratory distress drug has to take to pacify regulators, but the biotech needs some more cash to hit the road. 

Medidata extends Sanofi collaboration with new vaccine unit deal

Medidata, which provides analytics solutions for clinical trials, extended its partnership with Sanofi by signing a new pact with the French pharma's vaccine unit.

Catalent receives another regulatory wrist slap at Indiana plant included in Novo buyout

While Catalent’s Bloomington, Indiana, site is no stranger to FDA reprimands, its latest write-up is notable given that the site forms part of the $16.5 billion deal Novo Holdings struck to acquire Catalent earlier this week.

Healthtech company H1 rolls out addition to its AI toolkit for trials

H1, a healthtech company focused on AI, rolled out the latest addition to its Trial Landscape platform that was designed for use in clinical trial design and development.

Kyowa Kirin pays $100M to partner with BridgeBio on potential dwarfism drug

With an upfront payment of $100 million, Kyowa Kirin has bought into a partnership with BridgeBio to develop and commercialize Truseltiq (infigratinib) in Japan. The treatment is in late-stage development to treat dwarfism.

Walgreens taps former CVS, Solera Health exec Mary Langowski to lead healthcare business

Walgreens tapped Mary Langowski, who led growth strategies at CVS and Solera Health, to run its health services segment, the company announced Thursday.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': Navigating the future of medical AI

This week on “The Top Line,” Fierce’s Conor Hale interviews Peter Shen, the North American head of digital health at Siemens Healthineers, to explore what developers and regulators can do to ensure transparency in medical AI. He also dives into how the field could potentially benefit from a 21st-century update to the Hippocratic Oath. 
 

Resources

Whitepaper

The Oncology Market – 2023 Year in Review

This paper offers a detailed review of key events and developments in the oncology market during 2023.  It’s a helpful “status report” that informs how the market is likely to evolve in 2024. It covers, vaccines, radiopharmaceuticals, ADCs, CAR-Ts, bi-specifics, & more.

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Developing and Manufacturing Drugs with HPAPIs

Discover how to effectively classify highly potent APIs and the steps required to develop containment protocols and manufacturing processes that are both safe and efficient.
 

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