Roche's second $2B molecular glue deal

Today’s Big News

Oct 17, 2023

Biopharmas like to bet big on M&A earnouts. Do they ever hit the biobuck jackpot?


Beaten by placebo, Evelo seeks partner for once-lauded microbiome platform and programs


Roche pays $50M upfront to Monte Rosa in molecular glue deal fit for a QuEEN


Gilead pays $100M for first dibs on all Assembly Bio assets, bolting antiviral engine to its R&D group


SpliceBio sparks up eye disease gene therapy collab with Roche unit


Ultragenyx and Mereo's genetic bone disease treatment cuts fractures by 67%


Aldeyra suggests potential FDA rejection imminent for dry eye med after 'substantive review issues'


ADC curbs infertility risk from sickle cell gene therapy in primates

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

 

Featured

Biopharmas like to bet big on M&A earnouts. Do they ever hit the biobuck jackpot?

Biopharmas love to break the news of an M&A deal with a splashy number. Commercial milestones can represent as much as 40% of the so-called earnout potential for a deal—adding up to about $25 billion in potential. But how much of that is actually paid out in the end?
 

Top Stories

Beaten by placebo, Evelo seeks partner for once-lauded microbiome platform and programs

Evelo Biosciences’ last roll of the dice has come up snake eyes. After seeing its lead candidate flounder in the clinic, the biotech has revealed its next-generation asset performed worse than placebo in a phase 2 psoriasis trial, prompting it to start searching for strategic alternatives.

Roche pays $50M upfront to Monte Rosa in molecular glue deal fit for a QuEEN

Roche has signed its second molecular glue deal in a month, this time paying $50 million upfront to Monte Rosa Therapeutics for the use of its QuEEN platform to target cancer and neurological diseases previously considered out of reach.

Tanvex CDMO - Accelerating Biologics to Patients

Reacting to the growth of biotherapeutics, Tanvex BioPharma USA, Inc., is set to launch Tanvex CDMO, a full-service CDMO specializing in mammalian- and microbial-derived biologics and biosimilars.

Gilead pays $100M for first dibs on all Assembly Bio assets, bolting antiviral engine to its R&D group

Gilead wants first dibs on all Assembly Biosciences’ programs. Rather than buy the viral disease biotech, Gilead is paying $100 million upfront for opt-in rights on all Assembly’s current and future programs.

SpliceBio sparks up eye disease gene therapy collab with Roche unit

SpliceBio is sparking up a new $216 million alliance with Roche’s gene therapy unit to develop a new treatment for an inherited retinal disease.

Ultragenyx and Mereo's genetic bone disease treatment cuts fractures by 67%

Ultragenyx and Mereo BioPharma are out with a new slice of data from a phase 2/3 trial of its brittle bone disease treatment, showing it significantly reduced the rate of fractures. The data continue to add momentum to setrusumab as phase 3 recruitment continues.

Aldeyra suggests potential FDA rejection imminent for dry eye med after 'substantive review issues'

Aldyera came clean about the prospects of its dry eye disease med, revealing that the FDA could soon reject it due to review issues. The FDA had suggested the company run an additional clinical trial to confirm efficacy.

ADC curbs infertility risk from sickle cell gene therapy in primates

NIH researchers have shown that replacing pre-treatment chemo with an antibody-drug conjugate can eliminate the risk of infertility among primates who receive a sickle cell gene therapy.

Merck’s Keytruda wins coveted FDA nod around surgery for early lung cancer—with a surprise

Thanks to a new FDA approval for Merck's Keytruda, a continuous immunotherapy regimen around surgery is now available for patients with early-stage non-small cell lung cancer. The drug's label already includes an overall survival win from a key trial.

NCPA launches company to assist pharmacies with litigation against PBMs over DIR fees

The National Community Pharmacists Association has launched the latest salvo in its battle with pharmacy benefit managers over controversial fees.

Johnson & Johnson, riding high after Kenvue spinoff, touts new launches as Stelara cliff nears

Even after touting revenue and profit growth in the third quarter, Johnson & Johnson is busy getting ready for the looming loss of Stelara's exclusivity.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': Unraveling Alzheimer's disease treatments and a look ahead

In this episode of "The Top Line," Fierce Biotech's Annalee Armstrong engages in a conversation with Howard Fillit, M.D., an expert in the field of Alzheimer's research and the co-founder and chief science officer at the Alzheimer's Drug Discovery Foundation. They delve into the pioneering work being done in Alzheimer's research, discuss the latest breakthroughs, and explore the ongoing efforts to combat this complex disease.
 

Resources

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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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Improving yield and reproducibility with advanced sample prep

Learn how to get better results from suboptimal biospecimens for NGS and protein analysis.
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Accelerate drug discovery with high-performance computing (HPC) powered by the cloud
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Discover Strategies for Combatting Disruptions in Gene Therapy Development

Cell and gene therapy development has exploded, with Q4 2022 showing more FDA approvals than over the past five years combined.[1]
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Understanding the hidden value of quality

Uncover the keys to efficient bioprocessing, including how outsourcing quality management can reduce risk, save time and money, and expedite biologics development.
Webinar

From Lead Optimization to Drug Candidate Triage: A Data-Driven Approach to Drug Discovery

Embark on an in-depth journey through the pivotal Make-Test-Decide Workflow, where collaboration and data-driven decisions play a paramount role in the intricate landscape of drug discovery. Watch now to learn how cloud implementation fosters accessibility and collaboration, revolutionizing research across locations and companies.

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Ensuring a Reliable Biopharmaceutical Supply in the EU

Economic and regulatory factors are making biopharma supply chains more complex in the EU. This paper explores strategies that biopharma companies can use to better manage complexity, cost, and risk.
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Biology Informatics Solutions Brochure

From Assay Development Through Large Molecule Development. Streamline your R&D workflows and gain valuable insights with our Biology Solutions Brochure. Download now to discover how to control your laboratory workflows across various assay techniques, modalities, and data types.
eBook

An Introduction to Organ-on-a-Chip Technology

Emulate in vivo biology with next-generation in vitro technology.
 

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