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Today's Rundown

Featured Story

Roche pays €380M for NLRP3 biotech Inflazome, claiming a leading position in hot field 

Roche has bought Inflazome for €380 million ($451 million) upfront to gain control of treatments for inflammatory diseases. The deal gives Roche full rights to a pipeline of oral NLRP3 inhibitors led by two clinical-phase drugs Inflazome is developing as treatments for Parkinson’s and other diseases.

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Top Stories

Bischofberger's Kronos files for IPO to run pivotal cancer trial

Norbert Bischofberger’s Kronos Bio has filed to raise up to $100 million in a Nasdaq IPO. The IPO haul will set Kronos up to start a registrational phase 2/3 trial of a first-line acute myeloid leukemia drug licensed from Bischofberger's former employer Gilead.

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ESMO: Amgen's KRAS drug tackles 32% of lung cancers—and this is just the beginning

After releasing dribs and drabs about its closely watched KRAS inhibitor, Amgen is pulling the curtain on full data. The treatment, known as sotorasib or AMG 510, curbed tumor growth in 88% of patients with non-small cell lung cancer, shrinking tumors in one-third of patients.

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Flagship Pioneering's 2-becomes-one biotech nabs ex-Pfizer CSO as research lead

The former CEO and founder of Pandion Therapeutics and ex-chief scientific officer of Pfizer Anthony Coyle, Ph.D., has signed up to run Repertoire Immune Medicines’ R&D.

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ESMO: Early days, but Amgen's BiTE drug in prostate cancer shows encouraging activity

Amgen’s test for advanced prostate cancers has shown encouraging signs in an early trial, and it hopes to move past the limited efficacy seen in other immune therapies for the disease.

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Bausch inks $50M option to grab Allegro's eye disease pipeline

Leaning into its new name, Bausch Health is laying the groundwork for a pipeline expansion. It’s forking over $10 million upfront for the option to acquire Allegro Ophthalmics’ eye disease assets, including its retinal disease med risuteganib. If Allegro pulls off another financing, Bausch will hand over the remaining $40 million, likely in 2021.

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ESMO: Adding Elevar's EGFR drug to AstraZeneca's Iressa boosts survival in early lung cancer

AstraZeneca's Tagrisso has taken firm hold of the EGFR market over the last few years, pushing aside drugs including AZ's own older drug Iressa. But could a combo approach be a viable alternative?

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Boosting immuno-oncology drugs by recruiting immune messenger cells

Scientists at University Hospital Zurich showed that immune signaling molecule IL-2 might provide vital support to immuno-oncology agents by engaging with dendritic cells, which function as the messengers of the immune system by presenting antigens to T cells.

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Illumina to pay $8B to reacquire cancer blood test maker Grail, with all eyes on 2021

Illumina will put down a total of $8 billion to reacquire its former spinout Grail, which, after nearly five years on its own, is nearing completion of a simple blood test capable of detecting 50 different cancers in their earliest stages.

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Resources

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