Recursion culls rare disease asset

Today's Big News

Oct 26, 2022

Treading where Roche and Sanofi failed, AstraZeneca scores breast cancer wins for AKT and SERD drugs

Seres one step closer to bringing first oral microbiome therapy to market as FDA mulls approval

Recursion reprioritizes, dumping rare disease asset while raking in $150M

Merck KGaA, with phase 3 data on the horizon, showcases durability of evobrutinib in multiple sclerosis

The Time 100: LA-based VC firm closes $100M fund to spice up biotech with Silicon Valley star power

Ipsen gets new FDA data request on its tumultuous rare disease med, delaying advisory meeting

 

Featured

Treading where Roche and Sanofi failed, AstraZeneca scores breast cancer wins for AKT and SERD drugs

AstraZeneca has pulled off a pair of wins in breast cancer. After seeing rival drugs from Roche and Sanofi fail, the Anglo-Swedish drugmaker bucked the trend with wins for capivasertib and camizestrant in phase 2 and 3 clinical trials.
 

Top Stories

Seres one step closer to bringing first oral microbiome therapy to market as FDA mulls approval

Seres Therapeutics’ SER-109 has faced more setbacks than most therapies, but the biotech has kept the faith and now is tantalizingly close to possibly seeing its candidate become the first FDA-approved oral microbiome therapeutic.

Recursion reprioritizes, dumping rare disease asset while raking in $150M

Recursion Pharmaceuticals has cut a rare disease asset from its pipeline while pulling in a $150 million private placement and nominating a new cancer program.

Merck KGaA, with phase 3 data on the horizon, showcases durability of evobrutinib in multiple sclerosis

Merck KGaA has provided efficacy data from the open-label extension of its phase 2 trial in relapsing multiple sclerosis, delivering evidence of the durability of the effects of the BTK inhibitor evobrutinib.

The Time 100: LA-based VC firm closes $100M fund to spice up biotech with Silicon Valley star power

Time BioVentures has closed its first $100 million fund, looking to find the next great biotech hit reminiscent of Silicon Valley success stories. Among the firm's early bets are Elon Musk's neurological medtech company Neuralink.

Bone Therapeutics joins biotech name change rage, rebranding as BioSenic

Belgian biotech Bone Therapeutics is no more as the inflammation and cell therapy company transforms into BioSenic. The name change, which comes following the majority buyout of the company’s stock by French biopharma Medsenic, also comes with a ticker change from “BOTHE” to “BIOS” and a new corporate website.

Ipsen gets new FDA data request on its tumultuous rare disease med, delaying advisory meeting

In less than a week, Ipsen's rare genetic disorder drug was set to go be reviewed by FDA's independent expert panel, but that timeline is now off. The FDA has requested additional information on clinical trial data for the med, palovarotene, delaying the meeting of the Endocrinologic and Metabolic Drugs Advisory Committee has been postponed. 

PacBio unveils its first short-read DNA sequencer plus a long-read system upgrade

Pacific Biosciences raised the curtain on two DNA sequencers, including its first short-read device—designed to offer new competition to the industry giant Illumina—as well as a machine poised to be an upgrade over its current long-read hardware.

Symeres acquires Exemplify BioPharma in 2nd US buy this year

Symeres has acquired Exemplify BioPharma for an undisclosed price, marking the CRO and CDMO's second purchase in the U.S. company in 2022.

OTC birth control pill delayed as FDA postpones expert meeting for Perrigo drug

Women who are looking to get birth control medication without a prescription will have to wait longer than previously expected. The FDA has pushed back a decision date on a proposed over-the-counter switch of Perrigo’s prescription birth control drug Opill.

Amazon Pharmacy inks deal with Florida Blue for home drug delivery

Starting next year, Florida Blue will use Amazon Pharmacy as its exclusive home delivery service provider for its more than 2 million members covered under individual and employer group-insured plans.

UPDATED: J&J's BCMA bispecific Tecvayli wins FDA approval in multiple myeloma—but as a late-line therapy

After European regulators jumped on a global-first approval for Johnson & Johnson’s BCMA-targeted bispecific drug Tecvayli, the U.S. FDA has doled out its own blessing for the novel therapy. But the U.S. nod covers what appears to be a less favorable treatment setting.

How the COVID pandemic has prepped the industry for a looming RSV and flu season

At a discussion on the post-pandemic future of diagnostics at AdvaMed’s Medtech Conference in Boston, industry leaders said there is still preparation to be done, and it may be needed sooner rather than later.
 
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'The Top Line': Pfizer takes kickback lawsuit to the Supreme Court, plus a special report on the top 10 vaccine companies

This week on "The Top Line," we talk about our special report on the top 10 vaccine company rankings. We also report the news on Pfizer's kickback lawsuit, OTC hearing aids and more.
 

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