Analyst deems Vera's kidney drug possible 'functional cure'

Today’s Big News

Oct 28, 2024

AbbVie inks $1.4B Aliada buyout, landing ex-J&J Alzheimer’s drug to leap the blood-brain barrier


Monte Rosa aims to be the protein degradation champion with $150M Novartis deal for autoimmune molecular glue


Analysts hail Vera’s kidney drug as potential ‘functional cure’ as benefits persist to Week 96


In pain R&D, Vertex withstood tough times to bring non-opioid suzetrigine to cusp of FDA approval


Ottimo Pharma exits stealth with former Seagen CEO at the helm and 'exquisitely designed' cancer candidate in its pocket


Fierce Biotech Fundraising Tracker '24: Kivu reels in $92M for ADCs; Agomab advances clinical candidates with $89M


Irish CRO giant Icon plots layoffs after underwhelming Q3 performance


Fog clears to reveal Parabilis, a rebranded cancer biotech with big name backers

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

 

Featured

AbbVie inks $1.4B Aliada buyout, landing ex-J&J Alzheimer's drug to leap the blood-brain barrier

AbbVie has agreed to pay $1.4 billion to buy Aliada Therapeutics. The buyout will give AbbVie control of an Alzheimer’s disease drug candidate that Aliada in-licensed from Johnson & Johnson to try to improve on the first generation of anti-amyloid-beta antibodies.
 

Top Stories

Monte Rosa aims to be the protein degradation champion with $150M Novartis deal for autoimmune molecular glue

Don’t stop Monte Rosa Therapeutics now. The Boston-based biotech is having a ball after signing a deal with Novartis to the tune of $150 million for a molecular glue degrader, developed using the company’s QuEEN platform, that makes an autoimmune-disease-causing protein bite the dust.

Analysts hail Vera's kidney drug as potential 'functional cure' as benefits persist to Week 96

Vera Therapeutics has shown the effect of atacicept on kidney function in patients with immunoglobulin A nephropathy persists out to 96 weeks. The durability of the effects seen in the phase 2b trial led Evercore ISI analysts to say “this feels like a ‘functional cure.'”

2024 Executive Interviews at Fierce Biotech Summit and New Product Planning

Fierce Biotech sits down with digital marketing leaders to discuss this year's most innovative topics at Fierce Biotech Summit and New Product Planning

In pain R&D, Vertex withstood tough times to bring non-opioid suzetrigine to cusp of FDA approval

While other companies gave up on their attempts to develop a non-opioid pain relief medicine by targeting sodium channel inhibition, Vertex remained confident in its ability to find an answer and is now on the verge of gaining approval for the first significant innovation in the indication in more than two decades.

Discover Turbine’s way to build avatars true to patient biology

Join us on the latest Top Line podcast as we dive into how Turbine Simulated Cell Technologies is reshaping drug development. Discover their innovative approaches to combatting biases in data, leading to more effective cancer treatments. Tune in now!

Ottimo Pharma exits stealth with former Seagen CEO at the helm and 'exquisitely designed' cancer candidate in its pocket

The company has stepped out of stealth with a potential Keytruda rival and a stacked leadership team that includes Seagen's former CEO David Epstein and Boehringer vet Mehdi Shahidi, M.D.

Fierce Biotech Fundraising Tracker '24: Kivu reels in $92M for ADCs; Agomab advances clinical candidates with $89M

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

Irish CRO giant Icon plots layoffs after underwhelming Q3 performance

Yet another CRO giant has taken a revenue hit due to a customer demand dip. Icon reported third-quarter revenue of $2.03 billion, underperforming analyst expectations of $2.142 billion.

Fog clears to reveal Parabilis, a rebranded cancer biotech with big name backers

The fog has lifted to reveal a rebranded biotech: Parabilis Medicines. Formerly called FogPharma, the biotech picked its new name to reflect its focus on expanding what is possible in the treatment of serious diseases and commitment to ensuring its medicines reach patients globally.

2 new drugs reduce cryptosporidiosis parasite numbers in infected mice and calves

While cryptosporidiosis, infection by the protist parasite Cryptosporidium, is rare in the U.S., it is a common cause of deadly diarrhea in other parts of the world. The only FDA-approved treatment for the infection, nitazoxanide, doesn’t work well in immunocompromised and malnourished children, the group most vulnerable to the pathogen. This has led to cryptosporidiosis being called a “truly neglected tropical disease.”

Novartis, Apellis drop dueling datasets as they race for approval in rare form of kidney disease

Novartis and Apellis dropped new data on their respective meds, iptacopan and pegcetacoplan, in the rare kidney disease C3 glomerulopathy. While Apellis' drug seems to have an efficacy edge based on a cross-trial comparison, Novartis may have gotten the jump by filing for approvals ahead of its competitor.
 
Fierce podcasts

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The pulse of the medtech industry

This week on "The Top Line," Fierce Medtech's Conor Hale dives into EY's 18th annual Pulse of the MedTech Industry report and chats with EY's John Babbitt about the team's findings and the pace of M&A, venture capital funding and recent IPOs. 
 

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On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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