GSK pays $300M cash for lupus T-cell engager

Today’s Big News

Oct 29, 2024

Novartis' $2.9B MorphoSys bet stumbles as safety signal delays filing by years


Pfizer, amid Abyrsvo launch, lets its RSV pipeline dry up in crowded space


GSK aims to extend lupus dominance via $300M upfront deal for clinical-stage T-cell engager


Crescent inks GlycoMimetics merger, securing Nasdaq listing and $200M for hot cancer program


Neurocrine, Idorsia part ways 2 years after collab's double phase 2 fails


Coya touts partnership potential as IL-2 prospect comes through small Alzheimer’s study


Innovent, awaiting Chinese regulators' verdict, posts another psoriasis win for IL-23 drug


Korea's GemVax misses mark with peptide drug in phase 2a study in progressive supranuclear palsy


Ramping up for FDA submission, Ironwood makes further bid for $1B GI drug with subgroup data


Fierce Biotech Fundraising Tracker '24: Pathos AI picks up $62M; Kivu reels in $92M for ADCs

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

 

Featured

Novartis' $2.9B MorphoSys bet stumbles as safety signal delays filing by years

Novartis’ 2.7 billion euro gamble on MorphoSys has hit turbulence. Months after buying the biotech, Novartis has revealed a safety signal that could set back plans to seek approval for the jewel of the acquisition by a couple of years.
 

Top Stories

Pfizer, amid Abyrsvo launch, lets its RSV pipeline dry up in crowded space

Pfizer’s respiratory syncytial virus (RSV) pipeline appears to have run dry of candidates following the cessation of work on both an oral medicine and an RSV-flu combo vaccine in quick succession.

GSK aims to extend lupus dominance via $300M upfront deal for clinical-stage T-cell engager

Not content with getting the first lupus drug to market in the form of the blockbuster Benlysta, GSK is handing over $300 million in upfront cash for a clinical-stage T-cell engager it believes could target patients who aren’t benefiting from current treatments.

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

Crescent inks GlycoMimetics merger, securing Nasdaq listing and $200M for hot cancer program

Crescent Biopharma has landed a Nasdaq listing in a reverse merger with GlycoMimetics and secured $200 million to support its pursuit of the white-hot PD-1xVEGF bispecific opportunity. GlycoMimetics took the deal, which gives its shareholders 3.1% of the combined company, after reporting a phase 2/3 failure.

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!

Neurocrine, Idorsia part ways 2 years after collab's double phase 2 fails

Two years after Idorsia and Neurocrine’s calcium channel blocker flunked a pair of phase 2 studies in quick succession, the biotechs have finally decided to part ways.

Coya touts partnership potential as IL-2 prospect comes through small Alzheimer’s study

An investigator has posted data on Coya Therapeutics’ COYA 301, linking the IL-2 asset to improvements in biomarkers and cognition on secondary and exploratory endpoints in a small Alzheimer’s disease trial. The biotech put the asset on the backburner last year but said the data boost its confidence in pursuing partnerships and studying drug combinations.

Innovent, awaiting Chinese regulators' verdict, posts another psoriasis win for IL-23 drug

Innovent has posted another psoriasis win for its IL-23 contender to the likes of Tremfya and Skyrizi while the company awaits an approval decision by Chinese regulators.

Korea's GemVax misses mark with peptide drug in phase 2a study in progressive supranuclear palsy

Korea's GemVax revealed Tuesday that its peptide drug candidate GV1001 missed the mark in a phase 2a study in progressive supranuclear palsy (PSP). PSP is a degenerative disease, not unlike Parkinson’s disease, that leads to symptoms like gait disturbances, early falls, vertical gaze palsy, rigidity, tremors and cognitive decline.

Ramping up for FDA submission, Ironwood makes further bid for $1B GI drug with subgroup data

On the heels of a phase 3 win that failed to impress investors, Ironwood Pharmaceuticals is back with more data in efforts to prove that its long-acting GLP-2 analog can do more than beat placebo.

Fierce Biotech Fundraising Tracker '24: Pathos AI picks up $62M; Kivu reels in $92M for ADCs

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

After prior trial flop, EyePoint's Duravyu bounces back with promising data in DME

EyePoint released new diabetic macular edema data Monday that a Mizuho Securities analyst described as "very promising." The trial win provides a needed turnaround for the company's lead candidate Duravyu, which failed a study in nonproliferative diabetic retinopathy earlier this year.

Survey: Employers fear rising health costs could force trade-offs with wages, salaries

Employers are concerned that rising healthcare costs could force them to rethink salary or wage increases, according to a new study.
 
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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Communicating the Value of Biopharma Assets to Potential Investors

How can an emerging company attract the right partner for a therapeutic asset (& optimize its value in a transaction)? This paper offers some insights.
 

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