Jim Wilson leaving Penn for biotechs

Today’s Big News

Aug 1, 2024

Last year, Biogen’s CEO said no risky deals. Now, he’s ready to be bold


UniQure, Arbutus and HilleVax all lay off staff as biotechs streamline operations and cut costs


Gene therapy pioneer James Wilson leaving Penn to launch two new biotechs


Biogen walks away from Denali Alzheimer's collab, leaving major hole in biotech's revenue stream


Ionis axes eye disease from targets of Roche-partnered prospect after data disappoint


ALX's fizzling CD47 response rate sends stock spiraling down


IRA drug price reductions won't hurt biotech innovation, analyses find


Instil refills pipeline in $2B biobucks deal with China's ImmunOnco for 2 cancer assets

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Featured

Last year, Biogen’s CEO said no risky deals. Now, he’s ready to be bold

While Biogen’s pharma peers are hunting for late-stage assets with little risk, CEO Chris Viehbacher wants to bring in more early-stage medicines, arguing that there’s more shareholder value to be had the earlier a company can get in.
 

Top Stories

UniQure, Arbutus and HilleVax all lay off staff as biotechs streamline operations and cut costs

As biotechs attempt to turn a fresh page in August, at least three companies have shed staff in attempts to forge on. 

Gene therapy pioneer James Wilson leaving Penn to launch two new biotechs

After more than 30 years, gene therapy trailblazer James Wilson M.D., Ph.D., is leaving the University of Pennsylvania to spearhead two new biotechs.

InMed’s INM-901 Demonstrates Potential as a Multi-factorial Approach to Treating Alzheimer’s Disease

InMed Pharmaceuticals recently released preclinical data indicating its proprietary, small molecule compound, INM-901, targets multiple biological pathways associated with Alzheimer’s disease.

Biogen walks away from Denali Alzheimer's collab, leaving major hole in biotech's revenue stream

Biogen has handed back rights to an early Alzheimer’s disease program to Denali Therapeutics, leaving a large hole in the biotech’s collaboration revenue stream.

Ionis axes eye disease from targets of Roche-partnered prospect after data disappoint

Another of Ionis’ key midphase readouts has fallen short of expectations, prompting the biotech to stop studying the Roche-partnered candidate in an advanced form of age-related macular degeneration.

ALX's fizzling CD47 response rate sends stock spiraling down

ALX Oncology’s phase 2 gastric cancer response rate has weakened. After seeing its CD47 blocker easily beat control over the first half of the trial, the biotech reported a much closer fight in the second part of the study—and investors were quick to send the stock spiraling downward.

IRA drug price reductions won't hurt biotech innovation, analyses find

Since its passage in August 2022, the Inflation Reduction Act has attracted criticism and even derision from biopharma leaders because it gives Medicare the ability to negotiate drug prices. But new studies suggest that fears the IRA will hurt innovation are overblown.

Instil refills pipeline in $2B biobucks deal with China's ImmunOnco for 2 cancer assets

Instil Bio has been a biotech in search of a pipeline after it scrapped its lead assets over the last couple of years. Now, it seems to have found a pair of clinical-stage candidates from China to instill it with new purpose.

Valneva pays LimmaTech $10M for clinical-stage Shigella vaccine

Valneva has added to its growing arsenal of vaccines by handing over 10 million euros ($10.7 million) upfront to LimmaTech for the global license to a Shigella candidate that once formed part of a GSK partnership.

Otsuka pays $800M for Jnana Therapeutics and its clinical-stage PKU drug

Otsuka Pharmaceutical has picked up Boston-based Jnana Therapeutics for $800 million so the Japanese biotech can get its hands on a clinical-stage oral phenylketonuria drug.

OS Therapies refiles IPO for a modest $6M to fund phase 2 HER2 drug, preclinical ADCs

OS Therapies will list on the NYSE American stock exchange this morning via a $6.4 million IPO that the biotech will use to push forward with its immunotherapy and antibody-drug conjugate plans.

Regeneron touts launch of Eylea HD—and warns of manufacturing issue with linvoseltamab

The launch of Regeneron's Eylea HD has helped the Eylea franchise to a rebound after U.S. sales had declined in each of the previous three quarters. Additionally, Regeneron reported that its FDA decision date on its application for approval of multiple myeloma therapy linvoseltamab is likely to be delayed because of a manufacturing issue. The target date is August 22.

As esophageal cancer incidence rises, trials and potential treatments burgeon: Novotech report

While the global incidence of esophageal cancer has increased, so too have the numbers of clinical trials and potential treatments, according to a July 31 report on esophageal cancer released by Novotech.

Fierce Biotech Fundraising Tracker '24: Outpace overtakes series B goal with $144M; Jade hopes to shine with $80M launch

Welcome to Fierce Biotech's Fundraising Tracker, 2024's version.

Fierce Biotech Layoff Tracker 2024: UniQure axes 300 roles; HilleVax reduces headcount

We really didn't want to have to create another Layoff Tracker this year. But here we are, launching the third annual iteration tracking biopharma layoffs. 

The FDA is hiring. Wanted: One (1) CDRH Director

The FDA officially posted its job opening as it looks to replace Jeff Shuren, who is retiring after 15 years as director. The agency’s vacancy will take applications through August 27.
 
Fierce podcasts

Don’t miss an episode

Fierce 15: Where are they now?

In this week’s episode of "The Top Line," Fierce Biotech’s Annalee Armstrong highlights some of the most promising companies that made our prestigious Fierce 15 list back in 2014. 
 

Resources

Whitepaper

Launching a Product in Europe: Understanding Supply Chain Cost Drivers

This paper explores the costs of setting up a supply chain in Europe for a new biopharma therapy. It outlines key cost drivers & the various levers decision makers can use to affect those costs.
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Efficient-Pro Medium and Feed 1 enable rapid and seamless upstream process development and scale-up for CHO-K1 cells

Download the white paper to learn how this innovative solution can help optimize your mAb production processes. The findings demonstrate the system's robust capability to sustain strong cell growth and high productivity, facilitating a smooth transition from laboratory to production scale.
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An Integrated End-to-End Approach to Antibody Drug Conjugate Development and Manufacturing

In this white paper, Lonza experts delve into the common challenges encountered by ADC developers. They explore new drug product capabilities in relation to cytotoxic drug development and manufacturing, therefore fully completing Lonza’s integrated ADC offering. Further, they discuss how this end-to-end approach can significantly accelerate the timeline to investigational new drug filing and beyond. Read this white paper to learn more.
Whitepaper

2024 Life Sciences Industry Outlook

The definitive report on the state of our industry.  Readers will gain an understanding of key indicators to monitor, future predictions, and guidance for investors and founders navigating the therapeutic enabling tools and services, healthtech and techbio sectors through 2024 and beyond.
Whitepaper

The “Best Practice Organization” & Its Importance for Success in Today’s Biopharma Industry

In a complex industry like biopharma, being a “Best Practice Organization” (BPO) is essential to success. But what is a BPO & how do you build one? This eBook provides the answers.
 

Industry Events

On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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