Pfizer pens $331M pact with Ginkgo

Today’s Big News

Sep 27, 2023

AbbVie axes Caribou CAR-T deal, continuing cascade of punted cancer pacts


Gilead ends phase 3 leukemia trial early after data disappoint, dealing another blow to $4.9B bet


Pfizer hooks up with Ginkgo for $331M biobucks deal on unspecified targets


Roche pays Ionis $60M upfront to license RNA-targeting Alzheimer's, Huntington's programs 


Galecto lays off 70%, hunts for 'strategic alternatives' in wake of fibrosis drug fail


Théa terminates ProQR eye asset purchase after biotech's staff refuse to move


Evommune drops IRAK4 inhibitor after assessing phase 2 dermatitis data


Unity gathers around diabetic macular edema as retina therapy disappoints in mid-stage wet AMD test 


Fierce Biotech Fundraising Tracker '23: Avalyn raises $175M series C; Hyku hatches with $56M seed

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

 

Featured

AbbVie axes Caribou CAR-T deal, continuing cascade of punted cancer pacts

AbbVie has decided it can do without Caribou Biosciences. The Big Pharma is terminating its off-the-shelf CAR-T pact with Caribou, depriving the biotech of the chance to pocket up to $350 million in milestones per program.
 

Top Stories

Gilead ends phase 3 leukemia trial early after data disappoint, dealing another blow to $4.9B bet

Gilead’s $4.9 billion immuno-oncology bet has suffered another setback. An ad hoc analysis of a phase 3 leukemia trial found the anti-CD47 antibody is unlikely to improve survival, prompting the Big Biotech to stop the study.

Pfizer hooks up with Ginkgo for $331M biobucks deal on unspecified targets

Ginkgo Bioworks has snared one of its biggest partners to date. The biology biotech will work with none other than Pfizer in a drug discovery deal for RNA medicines worth $331 million in biobucks for three programs. 

Using Predictive Intelligence to Uncover the Rare Disease Patient Journey

IPM.ai helps brands assess a unique patient population, accelerate clinical trial recruitment, and optimize commercial outcomes

Roche pays Ionis $60M upfront to license RNA-targeting Alzheimer's, Huntington's programs

When Roche’s gantenerumab failed a pair of phase 3 studies last year, the pharma giant said it would look for “external collaborations and partnerships” as an avenue to treat Alzheimer’s disease. With today’s agreement with longtime partner Ionis, it seems the drugmaker is sticking to its word.

Improving the Drug Development Process with Organ-Chips

An introduction to Organ-on-a-Chip technology and how it can improve the quality of drugs entering the clinic.

Galecto lays off 70%, hunts for 'strategic alternatives' in wake of fibrosis drug fail

A month after halting work on an inhaled treatment for idiopathic pulmonary fibrosis in the wake of a phase 2 trial fail, Galecto is laying off 70% of its workforce as the Boston-based biotech mulls its options.

Théa terminates ProQR eye asset purchase after biotech's staff refuse to move

In a reversal of fortunes, ProQR Therapeutics’ ophthalmology asset sale to Laboratoires Théa has been cancelled after ProQR failed to meet conditions of the deal. 

Evommune drops IRAK4 inhibitor after assessing phase 2 dermatitis data

Evommune has dropped its only clinical-stage asset after reviewing data from a phase 2 trial in atopic dermatitis.

Unity gathers around diabetic macular edema as retina therapy disappoints in mid-stage wet AMD test

Patients with wet age-related macular degeneration who added Unity Biotechnology’s retinal disease med on top of Regeneron’s Eylea maintained their vision gains achieved with the blockbuster approved therapy alone—but they didn’t experience any major gains that the biotech was hoping for.

Fierce Biotech Fundraising Tracker '23: Avalyn raises $175M series C; Hyku hatches with $56M seed

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

In Emgality patent case against Teva, Lilly wins reversal of $177M verdict

A Massachusetts federal judge has sided with Eli Lilly, overturning a $176.5 million jury verdict from November of last year. The verdict had been awarded to Teva in a patent infringement squabble over the companies’ competing migraine drugs.

Deep Genomics debuts AI model for debugging the body’s RNA code & finding paths to potential therapies

Dubbed BigRNA, Deep Genomics' neural network is designed to predict the how RNA expression is regulated tissue-by-tissue, to better understand how variants in genes ultimately give rise to disease.

Virgin Pulse, HealthComp to merge in $3B deal aimed at improving employer health

Virgin Pulse and benefits administrator HealthComp are set to merge in a $3 billion deal that aims to drive lower costs and improve outcomes for employers.
 
Fierce podcasts

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'Podnosis': Breaking down barriers to cancer screenings

In this week's episode of "Podnosis," Heather Landi from Fierce Healthcare engages in a conversation with Othman Laraki, co-founder and CEO of Color Health. They delve into strategies for boosting screenings and explore the partnership between Color Health and the American Cancer Society, aimed at making convenient cancer screenings more accessible.
 

Resources

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Real-world data: The new growth guide for biotech and pharma in 2023

As the field of real-world data and evidence is constantly evolving, it can be hard to keep-up with best practices. Do you know the definitive characteristics of a high-quality dataset? What questions to ask if you decide to outsource your research to consultants? Here’s everything you need to know in one, must-have guide.

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An Introduction to Organ-on-a-Chip Technology

Emulate in vivo biology with next-generation in vitro technology.
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Five ways to get the most from your lab and manufacturing facilities

Learn more about how you can improve the productivity of your research and manufacturing operations and accelerate the journey from laboratory to saving lives.

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Unlock potential in buffer preparation

Learn how outsourcing the buffer preparation can reallocate resources to support core activities of your bioprocess production.
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What Are the Benefits of Generative AI for Pharma?

From trial site feasibility and patient populations to data analysis, generative AI has the potential to revolutionize drug discovery and clinical trial recruitment at both the therapeutic area and indication level.
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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.

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Transitioning from using RUO to cGMP chemicals for clinical trials

By 2030, the global demand for biologics is projected to grow at a CAGR of 8.7% and the challenges, risks, and costs of bringing large molecule products to market are growing exponentially.

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Biotech in the UK: Mapping the Runway to Success

15 biotech executives from the Cambridge area discuss the current biotech landscape, as well as challenges, opportunities, and best practices for emerging biotech companies seeking success in the UK and beyond.
 

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