US gov taps GigaGen in $135M botulinum pact

Today’s Big News

Oct 3, 2024

Septerna files for IPO on strength of preclinical data, vision for expanding GPCR landscape


European VC firm Kurma closes first $154M of largest planned fund, eyes up to 20 biotech investments 


Grifols’ GigaGen garners up to $135M from BARDA to tackle botulinum biothreat


Fierce Biotech Fundraising Tracker '24: Resolution raises $83M; Triveni tacks on $152M


Pentixapharm scores $22M Frankfurt IPO to advance clinical-stage radiopharmaceuticals  


Legend set to open Philadelphia cell therapy R&D site next year 

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

 

Featured

Septerna files for IPO on strength of preclinical data, vision for expanding GPCR landscape

Septerna is about to find out how a biotech without “any meaningful clinical data” fares in the late 2024 IPO market. The G protein-coupled receptor specialist is asking investors to fund development of its lead hypoparathyroidism candidate through phase 2 before it shares initial data in humans.
 

Top Stories

European VC firm Kurma closes first $154M of largest planned fund, eyes up to 20 biotech investments

European VC firm Kurma Partners has unveiled its latest biotech fund, with 140 million euros ($154 million) raised so far and three biotech beneficiaries already named.

Grifols’ GigaGen garners up to $135M from BARDA to tackle botulinum biothreat

Antibody aficionado GigaGen, a subsidiary of Spanish biopharma Grifols, is ramping up its tech to tackle botulinum neurotoxins to the tune of up to $135 million over six years.

Fierce Biotech Fundraising Tracker '24: Resolution raises $83M; Triveni tacks on $152M

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

Pentixapharm scores $22M in Frankfurt IPO to advance clinical-stage radiopharmaceuticals

Pentixapharm has brought in almost 20 million euros ($22 million) from an IPO, with the German biotech earmarking the proceeds to push ahead with the clinical development of its two lead radiopharmaceuticals.

Legend set to open Philadelphia cell therapy R&D site next year

A week after signing up to collaborate on a robotic cell therapy manufacturing system, Legend has unveiled plans for a new R&D site in Philadelphia.

CMS readies changes for 2nd round of drug price negotiation program

CMS is looking to increase feedback from drug manufacturers and foster better communication with pharmacies as stakeholders prep for the next round of drug price negotiations.

WuXi service providers weigh sales of certain assets amid BIOSECURE scrutiny: FT

WuXi AppTec has put its cell and gene therapy manufacturing arm, WuXi Advanced Therapies, on the market, The Financial Times reported Thursday. At the same time, WuXi Biologics is working with advisors to gauge interest in some of its European production facilities, the news outlet added, citing sources.

FDA elevates Philips recall of hospital, home ventilator software

The agency labeled the recall effort as Class I, its most serious, and said it received reports of nine injuries and one death.
 
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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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