Lilly bets almost $500M in Nimbus deal

Today's Big News

Oct 11, 2022

BIO CEO Michelle McMurry-Heath steps down days after media attention on internal clashes

Record scratch: Merger talks betweenNektar and PureTech are off

Sunny days for Nimbus: Lilly inks $496M biobucks deal for potential metabolic disease therapies

Chasing Big Pharma rivals, NMD posts clinical data on rare disease prospect

After splashy $500M unveiling, Neumora returns with sophomore financing to fund neuroscience R&D

BMS-backed Immatics' cell therapy shows early promise in small data set, prompting $110M offering

Islet-homing engineered T regs protect against Type 1 diabetes

 

Featured

BIO CEO Michelle McMurry-Heath steps down days after media attention on internal clashes

Michelle McMurry-Heath is resigning as CEO of BIO days after the Wall Street Journal reported on internal clashes between her and the organization's board. Former BIO board chair and co-founder of GlycoMimetics Rachel King has been named interim CEO.
 

Top Stories

Record scratch: Nektar and PureTech's merger talks are off

Days after PureTech confirmed speculation of a merger with Nektar, conversations between the two companies have ceased, for now. PureTech says its original statement created the impression that the talks were farther along than they were.

Sunny days for Nimbus: Lilly inks $496M biobucks deal for potential metabolic disease therapies

Eli Lilly is forecasting that Nimbus Therapeutics will discover new therapies for treating metabolic diseases, partnering up with the biotech and giving it the chance to collect up to $496 million in biobucks.

Chasing Big Pharma rivals, NMD posts clinical data on rare disease prospect

NMD Pharma has reported phase 1/2a data on its myasthenia gravis candidate, furthering its efforts to treat an aspect of the disease that it thinks therapies from AstraZeneca, argenx, Johnson & Johnson and UCB are unable to address.

After splashy $500M unveiling, Neumora returns with sophomore financing to fund neuroscience R&D

One year after its splashy $500 million unveiling, Neumora Therapeutics is back with a series B to keep its multiprogram neuroscience pipeline moving toward and through the clinic. The series B syndicate has put up $112 million, a sum that is big by most standards but dwarfed by the biotech’s first round.

BMS-backed Immatics' cell therapy shows early promise in small data set, prompting $110M offering

BMS-backed Immatics is touting early phase 1 data of its cell therapy program and looking to fundraise off of it, seeking $110 million in a new public offering. It's the most robust data provided by the company to date, although the most promising figures are from just 12 patients.

Islet-homing engineered T regs protect against Type 1 diabetes

Researchers have engineered regulatory T cells that home to the pancreas, where they successfully blocked diabetes development in mice.

Orthofix, SeaSpine to combine into $700M orthopedics player in merger of equals

In a case of life imitating orthopedics, Orthofix and SeaSpine—makers of devices to heal bone fractures and bridge gaps in the spine—will fuse together in what they’ve termed a merger of equals.

AstraZeneca's COVID-19 nasal vaccine spray comes up a bust in small study

Researchers at the University of Oxford said their nasal vaccine candidate has come up short in a phase 1 trial, failing to produce a strong immune response in the nasal mucosa of a majority of recipients. The spray also elicited weaker systemic immune responses than intramuscular vaccines. AstraZeneca funded the research.

Eli Lilly faces fresh FDA rebuke at a troubled plant in New Jersey: report

The U.S. FDA has logged multiple new quality control lapses at Lilly’s plant in Branchburg, New Jersey, Reuters first reported, citing an agency report seen by the news outlet. Problems at Branchburg stretch back to at least 2020, when the FDA cited Lilly on two counts of inadequate “control of computer systems" there, a Lilly spokesperson said at the time.
 
Fierce podcasts

Don't miss an episode

'The Top Line': Will Eisai's Alzheimer's med lecanemab sway the CMS, how Pfizer is upping its DTC ad push for its COVID shots

This week on "The Top Line," we talk about trial results for Eisai and Biogen's Alzheimer’s drug, which were surprisingly good, and we dig into what comes next. We also discuss how Pfizer is ramping up its DTC ad campaign for its COVID shots, most recently spending big on a booster ad for the NFL season.
 

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