Ex-Seagen CEO Siegall to lead merged Immunome

Today's Big News

Jun 29, 2023

Lilly, raiding biotech bargain bin, buys diabetes cell therapy partner Sigilon for $35M


Ipsen wins FDA AdComm rare disease vote in split decision despite doubts about its data


Immunome, Morphimmune reverse merge, with ex-Seagen CEO Siegall to lead a year after domestic abuse arrest


Bill & Melinda Gates Foundation, Wellcome funnel $550M into ex-GSK tuberculosis shot


Eiger rappels down from COVID peak to metabolic basecamp, sheds 25% of staff along the way


FDA's Pazdur, sector leaders push for private-public partnership to boost DEI in cancer drug development


Australian biotech's myeloma antibody partners with Revlimid to boost response rates

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Featured

Lilly, raiding biotech bargain bin, buys diabetes cell therapy partner Sigilon for $35M

Eli Lilly has dug into the biotech bargain bin for its latest buyout, emerging with a deal to buy its Type 1 diabetes partner Sigilon Therapeutics for $34.6 million upfront. The value of the deal could balloon if the biotech passes milestones from a first-in-human trial through to authorization in a major market.
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July 18-19, 2023 | Jersey City, NJ
 

Top Stories

Ipsen wins FDA AdComm rare disease vote in split decision despite doubts about its data

An FDA advisory committee voted 10 to four in favor of Ipsen’s rare disease drug palovarotene despite members of the panel expressing significant concerns with the data. The vote boosts the prospects of the French drugmaker finally starting to deliver a return on its $1 billion bet on the drug candidate.

Immunome, Morphimmune reverse merge, with ex-Seagen CEO Siegall to lead a year after domestic abuse arrest

Immunome and Morphimmune will come together as one company through a reverse merger, placing Clay Siegall, Ph.D.—who left his role as CEO of Seagen last year after being arrested for alleged domestic abuse—in the chief executive chair.

Novel Oncology Target Claudin 6 Makes its Case in Solid Tumors

In the ongoing search for new cancer treatments, companies including Context Therapeutics are developing potential therapies focused on the emerging novel oncology target Claudin 6.

Bill & Melinda Gates Foundation, Wellcome funnel $550M into ex-GSK tuberculosis shot

The Bill & Melinda Gates Foundation and Wellcome Trust are giving a combined $550 million to push forward a tuberculosis vaccine candidate formerly owned by GSK. The investigational shot holds the potential to become the first vaccine aimed at preventing pulmonary TB to enter the market in over 100 years.

Accessing and Supporting EU Rare Disease Patients: a quick guide

Are you considering expanding your orphan drug in Europe? Discover key strategies to identify, engage and support rare disease patients, ensuring treatment adherence that makes a real difference.

Eiger rappels down from COVID peak to metabolic basecamp, sheds 25% of staff along the way

Eiger was poised for a new strategy after the FDA declined to authorize the company's COVID-19 treatment at the end of 2022. The company says it will now prioritize a late-stage metabolic asset, shedding 25% of its staff as part of the reprioritization.

FDA's Pazdur, sector leaders push for private-public partnership to boost DEI in cancer drug development

Despite recent efforts, major changes are still needed to properly prioritize participant diversity in oncology drug development and meet the reimagined Cancer Moonshot’s goal of halving the cancer death rate in 25 years, according to several FDA officials and Big Pharma leaders.

Australian biotech's myeloma antibody partners with Revlimid to boost response rates

Australian biotech HaemaLogix has posted phase 2b data that show its monoclonal antibody “significantly” improves response rates for multiple myeloma patients when paired with Revlimid.

Change of guard at drug price watchdog: ICER founder Steve Pearson to step down after 17 years

After growing the Institute for Clinical and Economic Review into an influential drug pricing watchdog, Steve Pearson is stepping down.

Roche nabs FDA nod for another pair of CSF biomarker tests for Alzheimer's disease

Roche is on a roll: For the second time in less than a year, the company has scored FDA clearance for a pair of assays that can be used together to help spot signs of Alzheimer’s disease.

FDA blesses CellTrans' Lantidra, the first cell therapy for Type 1 diabetes

Much attention has been paid to Vertex’s efforts to develop a stem-cell therapy for Type 1 diabetes. But flying under the radar with an allogenic (donor) gene therapy for the disorder has been Chicago startup CellTrans. Thursday, the FDA signed off on CellTrans’ Lantidra (donislecel), the first cell therapy for type 1 diabetes.

Revance wants you to 'Break Up With Botox' as it goes to war with AbbVie in new anti-wrinkle market battle

AbbVie’s Botox is a major blockbuster and king of the anti-wrinkle aesthetics market, but there are new contenders coming for its crown.

FTC floats changes to merger review process that could slow down deal-approval timelines

The federal regulator said its proposed updates would enable more efficient review of pending deals during the initial 30-day waiting period. As is, the changes are estimated to add, on average, more than 100 hours to companies' paperwork burden per filing.
 
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'The Top Line': Most expensive drugs, plus this week's headlines

This week on "The Top Line," we discuss the most expensive drugs in the U.S., plus Eli Lilly's recent acquisition, the latest company to challenge the Inflation Reduction Act, and the rest of the week's headlines.

 

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