Zephyrm breezes towards Hong Kong IPO

Today’s Big News

Oct 2, 2024

Triveni ropes in $115M series B less than a year after $92M fundraise


Big pharma, biotech relations ‘won't necessarily be symbiotic’ in future AI landscape: S&P


Zephyrm rides IPO updraft toward Hong Kong listing, seeking cash for phase 3 cell therapy trials


Frazier Life Sciences adds $630M to 'evergreen' fund for small and mid-cap biotechs


Nasal spray neutralizes army of respiratory diseases and protects mice from deadly influenza


Lundbeck taps Charles River for AI-enabled neuro drug discovery

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Triveni ropes in $115M series B less than a year after $92M fundraise

Triveni Bio has roped in $115 million to advance preclinical antibody treatments designed to take on immunological and inflammatory disorders.
 

Top Stories

Big pharma, biotech relations ‘won't necessarily be symbiotic’ in future AI landscape: S&P

Big Pharma is investing heavily in AI to slash development timelines and foster innovation. But instead of strengthening future relationships with the biotech world, the investment may position independent AI-focused biotechs as a threat to pharma’s internal R&D processes.

Zephyrm rides IPO updraft toward Hong Kong listing, seeking cash for phase 3 cell therapy trials

Zephyrm Bioscience is gusting toward the Hong Kong stock exchange, filing for an IPO to bankroll phase 3 trials of its cell therapy in a lung condition and graft-versus-host disease.

Frazier Life Sciences adds $630M to 'evergreen' fund for small and mid-cap biotechs

Frazier Life Sciences has sourced a further $630 million for its fund focused on small and mid-cap biotechs.

Nasal spray neutralizes army of respiratory diseases and protects mice from deadly influenza

The COVID-19 pandemic made us acutely aware of how vulnerable our noses are. The nose is a gateway to infection for respiratory pathogens like influenza and SARS-CoV-2, but our options to shield our nasal passageways from disease are limited.

Lundbeck taps Charles River for AI-enabled neuro drug discovery

Lundbeck has tapped Charles River Laboratories’ artificial intelligence capabilities to aid the discovery of neuroscience treatments, partnering with the service provider to use Logica in its research projects.

High-flying Eli Lilly pushes more chips forward with $4.5B 'Medicine Foundry' project

Eli Lilly is making another massive investment, revealing it will build a $4.5 billion R&D and manufacturing facility dubbed the Lilly Medicine Foundry that will “drive innovation in drug production and make medicines for clinical trials," the company said. It will add to the huge project the company is constructing in Lebanon, Indiana.

Amgen can't sidestep investor lawsuit over $10.7B tax bill

New York District Judge John Cronan has rejected Amgen’s motion to dismiss an investor lawsuit—originally filed by a Michigan-based union pension fund—accusing the company of hiding a $10.7-billion tax bill from the public.

Verrica narrows Ycanth sales focus, rejigs commercial team and plots layoffs in cost-cutting drive

Dermatology biopharma Verrica Pharmaceuticals is lining up a cost-cutting plan that is prompting a major shake-up of its commercial teams and a narrowed focus on how it sells its only approved drug.

FDA clears Pi-Cardia's leaflet-splitting device for valve-in-valve TAVR procedures

Pi-Cardia’s ShortCut device received a de novo clearance to open up old heart valve implants and clear the blood flow into the coronary arteries.

Wyden, Brown urge FTC to investigate PBM 'co-manufacturing' arrangements

Two key senators are urging the Federal Trade Commission to investigate "co-manufacturing" arrangements that they fear pharmacy benefit managers may be using to stymie competition.
 
Fierce podcasts

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ESMO, WCLC lung cancer data spark hope—and debate

In this week's "The Top Line," Fierce journalists discuss key issues from promising but debated lung cancer data at recent conferences.
 

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