Sun shines on biotech as M&A picks up

Today's Big News

Jul 11, 2023

Novartis retreats from TIGIT, handing $300M candidate back to BeiGene


Cell death biotech BAKX dissolves in 'challenging funding environment'


Biopharma’s green shoots thriving in summer sun as deal activity returns 


BMS makes quickfire bets on neurodegeneration, paying $95M to exercise Evotec, Prothena options


Septerna snags $150M series B for pipeline of GPCR therapies tackling hard-to-drug targets


Astellas paves backloaded biobucks deal to test 4DMT's eye disease gene therapy vector


Viridian looks over Horizon after eye disease med notches early improvements


Hemogenyx gets clarity on cause of FDA clinical hold on CAR-T, finds fix for the problem


Fierce Biotech Fundraising Tracker '23: Septerna snags $150M; Crossbow takes aim with $80M 

The Top Line Podcast: don’t miss out on the newest episode where we discuss ASCO data, rising health tech stars, and more. Listen now.

 

Featured

Novartis retreats from TIGIT, handing $300M candidate back to BeiGene

Novartis may have insisted earlier this year that it hadn’t given up on anti-TIGIT checkpoint inhibitors, but, now, the Swiss Big Pharma seems to have had a change of heart.
18-19
Jul
July 18-19, 2023 | Jersey City, NJ
 

Top Stories

Cell death biotech BAKX dissolves in 'challenging funding environment'

BAKX Therapeutics, a small biotech focused on cellular life and death that boasted a partnership with Ipsen, has dissolved.

Biopharma’s green shoots thriving in summer sun as deal activity returns

The Fed has paused rate hikes and the major indices are starting to look bullish. Could the summer sun finally be shining on the biotech industry again?

Why this boutique biotech agency is the future of clinical recruitment

Using behavioral data science and social algorithms, this boutique biotech agency creates therapeutic-specific and patient-centric content to bypass traditional channels and speak directly to patients.

BMS makes quickfire bets on neurodegeneration, paying $95M to exercise Evotec, Prothena options

Bristol Myers Squibb has pulled the trigger on two neuroscience options, paying Prothena $55 million for a global license to a clinical-phase Alzheimer’s disease drug candidate and handing Evotec $40 million for rights to certain late-stage discovery programs.

Clinical trial technologies support recruitment efforts

Hear why sponsors should equip sites with technology that makes securely capturing pre-screening, recruitment, and enrollment data easier.

Septerna snags $150M series B for pipeline of GPCR therapies tackling hard-to-drug targets

Septerna has secured $150 million in a series B fundraise, money that will go toward two newly unveiled programs.

Astellas paves backloaded biobucks deal to test 4DMT's eye disease gene therapy vector

Astellas is putting up some cash to use one of 4D Molecular Therapeutics’ gene therapy vectors for at least one rare eye disease—but the genetic medicines company is going to have to wait a while to see the true bounty.

Viridian looks over Horizon after eye disease med notches early improvements

Viridian is trying to carve out a portion of a simmering market for eye disease treatments, releasing phase 1/2 data on a small group of patients that suggests its candidate could rival Amgen-acquired Horizon. 

Hemogenyx gets clarity on cause of FDA clinical hold on CAR-T, finds fix for the problem

Hemogenyx Pharmaceuticals now knows what it will take to lift the clinical hold on its CAR-T cell therapy candidate. In its full review letter, the FDA cited a manufacturing issue as the cause of the hold, leading the biotech to identify the source of the problem and develop a solution.

Fierce Biotech Fundraising Tracker '23: Septerna snags $150M; Crossbow takes aim with $80M

Alongside the new year, we've launched a new Fierce Biotech Fundraising Tracker to keep the pulse on the industry's financing.

Exiting stealth? Here’s what to consider when starting to market your biotech

Early-stage biotech is a secretive world defined by science, reputation and the sometimes eye-watering sums of venture capital money those two attributes can attract. But at some point in their development biotechs need to step out of the shadows and engage in a typically unfamiliar activity: marketing.

Eisai's US CEO and Alzheimer's lead Ivan Cheung telegraphs retirement days after Leqembi's full FDA nod

Ivan Cheung, Eisai's American CEO and global Alzheimer's disease officer, will retire at the end of the month. With Cheung headed for the exit, Keisuke Naito—the 34-year-old son of Eisai’s CEO Haruo Naito—has taken up the lead Alzheimer’s mantle, the company said Tuesday.

FDA rejects Xspray's would-be rival to Bristol Myers' Sprycel on dosing, manufacturing concerns

With Xspray Pharma and Eversana’s cancer med hitting a regulatory setback, a launch in the second half of 2023 now looks unlikely. That’s good news for Bristol Myers Squibb, which has secured a few more competition-free months for its aging leukemia blockbuster Sprycel.

Outset Medical faces FDA warning letter over hemodialysis labeling, accessories

Just a few months after getting back on track after pausing shipments of its Tablo hemodialysis system to secure an updated FDA clearance for at-home use of the technology, Outset Medical is facing another potential regulatory setback.

Digital health app users report increased bipolar depression correlated with worsening air quality

Air pollution has been shown to increase depression symptoms in individuals with bipolar disorder, a new study published by Cambridge University Press found. Insights into the effects of pollution on mental health were gleaned from insights provided by the Juli digital health app

Meet the editors helming the Fierce 50 categories

Innovation, social impact, health equity, breakthroughs and patient advocacy—these are the pillars of the inaugural Fierce 50 project. Meet the esteemed members of the Fierce editorial team who are taking the lead as category chairs.
 
Fierce podcasts

Don't miss an episode

'The Top Line': New HIV therapies, plus this week's headlines

This week on "The Top Line," we discuss new HIV therapies, plus Humira's new biosimilar, foreign pharmaceutical investments, and the rest of the week's headlines.
 

Resources

Research

Develop a cost-effective cGMP chemical sourcing strategy

The right sourcing strategy can help save of millions of dollars—learn about developing a strategy for sourcing the cGMP chemicals critical to your processes.
Whitepaper

Discovering High-Affinity, Functional Anti-GLP-1R Antibodies

Learn how a GPCR-focused library with a cell-based biopanning strategy led to the discovery of 13 high-affinity and selective anti-GLP-1R antibodies with highly developable therapeutic properties.
eBook

Medical Affairs Metamorphosis

This eBook identifies the trends driving major change in the Medical Affairs (MA) function. It also outlines the strategic and tactical implications for MA leaders and team members.
eBook

6 Tools Trial Sponsors Need to Take Action Earlier in Enrollment

Take a look at the reporting tools sponsors need to access insights earlier in the clinical trial enrollment funnel, so you can take informed actions.
Whitepaper

Enhance the cost-effectiveness of your GMP chemical supply chain

Learn how to develop a high-performing supply chain for cGMP chemicals used throughout your bioprocessing workflows.
Whitepaper

Running Decentralized Trials at Scale

Explore how clinical supply can be scaled up as decentralized programs progress, and how technological solutions can accelerate trial deployment.
Whitepaper

Questions You Need to Ask Your CRO About Clinical Supply

Planning on using a CRO to support your next clinical study? This infographic outlines critical areas to address at the start of the relationship in order to ensure that budget and timelines keep on track for the duration of the trial.
 
 

Upcoming Fierce Events

18-19
Jul
July 18-19, 2023 | Jersey City, NJ
11-14
Sep
Philadelphia, PA
13
Sep
Philadelphia, PA
19-21
Sep
Virtual Event
26-28
Sep
Philadelphia, PA

View all events