Bayer scraps Huntington’s gene therapy

Today’s Big News

Nov 12, 2024

AstraZeneca, Daiichi withdraw lung cancer approval application for Enhertu follow-up and try again


GSK inks Parkinson's pact with Flagship's Vesalius for $570M-plus biobucks 


Bayer drops Huntington’s gene therapy to focus on ‘most promising assets’


Merck KGaA's phase 3 rare tumor trial hits goal, teeing up rivalry with Daiichi and Ono 


Centessa drops phase 2 hemophilia B drug in wake of Pfizer’s Hympavzi approval


Novartis pays Schrödinger $150M, bets billions on the back end to form drug discovery pact


Roche teams up with transcription factor trailblazer Flare in new $1.8B+ cancer pact 


Novo Holdings, OrbiMed, Jeito lead $181M fundraise for Alentis’ ADCs 


Third Rock-backed Trace uses $101M series A to go after same ALS target as Lilly 


MD Anderson Cancer Center unveils cell therapy research institute that will work with biotech, pharma

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Featured

AstraZeneca, Daiichi withdraw lung cancer approval application for Enhertu follow-up and try again

Months after filing their Enhertu follow-up Dato-DXd with the FDA, Daiichi Sankyo and its antibody-drug conjugate partner AstraZeneca have taken the agency’s advice and pulled their lung cancer application to try their luck in a related indication.
 

Top Stories

GSK inks Parkinson's pact with Flagship's Vesalius for $570M-plus biobucks

GSK is paying $80 million to ink a multi-target neurodegenerative pact with Flagship-founded Vesalius Therapeutics that includes a preclinical small molecule initially targeting Parkinson’s disease.

Bayer drops Huntington's gene therapy to focus on 'most promising assets'

Bayer has become the latest in a long line of drug developers to give up on Huntington’s disease after the German pharma giant canned its phase 1 gene therapy for the disease.

Vaccinating Against Cancer Cells and Reprogramming the Tumor Microenvironment That Protects Them

Making the tumor microenvironment hostile to cancer cells and immune-suppressive cells may transform the cancer treatment landscape.

Merck KGaA's phase 3 rare tumor trial hits goal, teeing up rivalry with Daiichi and Ono

Merck KGaA’s $70 million bet on a treatment for a rare, locally aggressive cancer has delivered a phase 3 win. The tenosynovial giant cell tumor trial hit its primary endpoint, teeing up an option decision that could establish Merck as a global rival to Daiichi Sankyo and Ono Pharmaceutical in the indication.

Centessa drops phase 2 hemophilia B drug in wake of Pfizer’s Hympavzi approval

With Pfizer having recently scored an approval for its hemophilia B treatment Hympavzi, Centessa Pharmaceuticals has decided that taking its own contender to market is not worth the effort.

Novartis pays Schrödinger $150M, bets billions on the back end to form drug discovery pact

Novartis is paying $150 million for a closer look at Schrödinger’s catalog of programs. The Big Pharma will work with Schrödinger to advance some of the computing-enabled R&D shop’s discovery programs and identify candidates against additional targets.

Roche teams up with transcription factor trailblazer Flare in new $1.8B-plus cancer pact

Roche and Flare Therapeutics are igniting a partnership worth more than $1.8 billion in biobucks with hopes of discovering new small molecule cancer treatments via previously undruggable transcription factor targets.

Novo Holdings, OrbiMed, Jeito lead $181M fundraise for ADC biotech

Swiss biotech Alentis Therapeutics has secured $181.4 million, money that will be used to launch clinical trials for two antibody-drug conjugates.

Third Rock-backed Trace uses $101M series A to go after same ALS target as Lilly

Trace Medicine has launched with $101 million in series A funds and a mission to treat amyotrophic lateral sclerosis (ALS) by targeting the same protein that recently caught the attention of Eli Lilly.

MD Anderson Cancer Center unveils cell therapy research institute that will work with biotech, pharma

With more than $80 million in hand, the University of Texas MD Anderson Cancer Center has launched its own cell therapy institute.

23andMe shutters cancer drug research programs, lays off 40% of staff

The genetics testing company plans to seek out new homes for its in-house pipeline of DNA-informed immuno-oncology antibodies.

With high hopes for the economy, AstraZeneca adds $2B to US investment in manufacturing, R&D

AstraZeneca on Tuesday revealed that it’s adding $2 billion more to its current outlay in the U.S., representing a total capital investment of $3.5 billion. The cash will be used to grow the company’s research and production footprint in the States by the end of 2026, generating more than 1,000 new jobs along the way.

Amid Trump victory, women's health providers see flood of orders for contraception, abortion pills

Though women's health providers also saw a jump in sales following the overturning of Roe v. Wade, many say the latest surge exceeds previous numbers.

Thermo Fisher charts 160 layoffs in Massachusetts amid viral vector overhaul

Thermo Fisher is cutting a total of 160 jobs across three different viral vector facilities in Cambridge, Lexington and Plainville, according to a government filing in Massachusetts. In tandem with the staff reduction, Thermo Fisher also plans to shutter its facility in Lexington.
 
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This week on "The Top Line," we take a closer look at this year’s biotech graveyard, which tracks biotechs that have closed or are winding down. 
 

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