Merck inks $9.3B deal with Kelun-Biotech

Editor’s note: This is the last regular edition of Fierce Biotech for 2022. The Fierce team will now be on a publishing break until Jan. 3, but check your inbox tomorrow for a recap of our Top 10 stories of the year. Be sure to check www.fiercebiotech.com for the biggest headlines until we return. Enjoy your holiday season, and best wishes for the coming year.

Today's Big News

Dec 22, 2022

2023 forecast: Biotech plummeted from 'the highest of highs' in 2022. Will the sun shine again next year?


3rd patient death potentially tied to Eisai's Alzheimer's drug reported


Merck puts eye-popping $9.3B on the line in lopsided ADC deal with Kelun-Biotech


Leaked Whitehead report found Sabatini interfered with abuse investigation, fostered toxic lab culture


Pfizer gives big boost to ORIC shares with multiple myeloma collab, $25M investment


Lilly doubles down on ProQR's RNA tech in $75M deal expansion, spurring biotech's much-needed share rally


Despite missing the mark in a phase 2, Lexicon is standing by its neuropathic pain therapy

 

Featured

2023 forecast: Biotech plummeted from 'the highest of highs' in 2022. Will the sun shine again next year?

After a brutal year in the markets that saw companies slashing programs, culling staff and reorganizing, the industry is much leaner and preparing to find its voice again. 
 

Top Stories

3rd patient death potentially tied to Eisai's Alzheimer's drug reported

A third patient death potentially tied to Eisai and Biogen’s Alzheimer’s disease drug lecanemab has been reported in a phase 3 extension study, according to a report from Science.

Merck puts eye-popping $9.3B on the line in lopsided ADC deal with Kelun-Biotech

In one of the most lopsided biobucks deals this publication has ever seen, Merck & Co. is offering $175 million upfront to Kelun-Biotech for seven antibody-drug conjugates, plus an eye-popping $9.3 billion in potential milestones on the tail end.

Establishing Value in Biotech and Where Innovation Is Lacking

We discuss how small and mid-sized biotechs can succeed at the start of their first clinical trials. We go in-depth about biotech industry innovation and how companies are bringing value to the industry currently, and how they can add value if they aren’t already.

Leaked Whitehead report found Sabatini interfered with abuse investigation, fostered toxic lab culture

A leak of the Whitehead Institute's investigation into David Sabatini has come to light, detailing claims against the former MIT professor. The report concluded that Sabatini fostered a toxic culture in his lab and interfered in the institute's investigation.

Pfizer gives ORIC shares big boost with multiple myeloma collab, $25M investment

ORIC Pharmaceuticals now has enough cash to run operations through the first half of 2025 thanks to a $25 million equity investment and a new clinical partnership with Pfizer.

Lilly doubles down on ProQR's RNA tech in $75M deal expansion, spurring biotech's much-needed share rally

RNA expert ProQR Therapeutics is ending a tough year on a high note thanks to a $75 million expansion of a genetic medicines partnership with Eli Lilly.

Despite missing the mark in a phase 2, Lexicon is standing by its neuropathic pain therapy

Lexicon Pharmaceuticals has missed the mark in a phase 2 aiming to treat a common complication of shingles known as postherpetic neuralgia. However, the Texas biotech is standing by its therapy, saying the trial still demonstrates “clear evidence of effect.”

FDA approves Roche's Actemra for treating severe cases of COVID-19

The FDA yesterday approved Roche’s monoclonal antibody medication for use in patients hospitalized with severe COVID-19. The move comes as the effectiveness of other such medications wane in the face of new subvariants.

Philips testing finds minimal risk of patient harm in some recalled CPAP and BiPAP machines

Nearly two years after Philips first publicly raised concerns about the potential breakdown of the polyester-based polyurethane foam found in many of its CPAP and BiPAP machines and other respiratory devices, the company has wrapped up safety tests of some of its machines.

After overcoming vial issue, Gilead wins FDA approval for long-acting HIV injectable Sunlenca

It's no question that Gilead is on top of the HIV game, but throughout the HIV epidemic, one patient population has been left out. The FDA approved Gilead's lenacapivir, a long-acting HIV injectable, for patients whose virus is resistant to multiple drugs.

Japan greenlights Sysmex's amyloid blood test for Alzheimer's disease

Sysmex received approval within the country for a two-step test kit that gauges the ratio between two beta amyloid proteins in the bloodstream.

Tamiflu generics in short supply in latest chapter of biopharma's shortage saga

Teva, Zydus, Macleods and Amneal are struggling to supply a range of copycat Tamiflu doses in both capsule and powder suspension format, the American Society of Health-System Pharmacists (ASHP) reported in early December.

'It's finally here': States have long sought Medicaid eligibility redetermination deadline

A new spending package gives states a concrete deadline of April 1 to start Medicaid eligibility redeterminations. Here's what that means for states and what strings are attached.
 
Fierce podcasts

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'The Top Line': The medtech industry’s highest paid CEOs, plus this week's headlines

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Resources

Webinar

Webinar: Writing the Future of Antibody Discovery Solutions

Twist Bioscience CSO Dr. Aaron Sato shares how Twist's tools for antibody discovery have been applied to identify antibodies against diverse and challenging targets. See how high-throughput DNA synthesis combined with antibody engineering expertise provides end-to-end antibody discovery solutions.

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Scale-Up Strategies for Late-Stage Cell Therapies

Readers will learn manufacturing by Design Builds on Quality by Design, De-risking the Tech Transfer Process, and more.

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Lipid-Based Drug Delivery System to Bring Poorly Soluble Drugs to Market

How can Lipid-Based Drug Delivery System help bring poorly soluble drugs to market?
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Linear Compression vs. Parallel Processing: Speeding Biologics Through Development and Into Clinical Trials

Download this paper to learn considerations on how to move a biologic through clinical trials faster, advantages of Parallel Processing, and more.

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Intranasal Drug Product Development: Formulation to Manufacturing

What are key considerations for intranasal delivery in the treatment of acute and chronic conditions?
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Formulation Strategies When Transitioning From Vial to PFS

Learn how formulation development for a PFS affects manufacturing to drive the industry toward optimizing delivery of injectable products and, ultimately, improving patient care.
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Supply Services to Support Clinical Trials in Japan & Beyond

Explore Catalent’s newest clinical supply facility in Japan, including the comprehensive services & solutions it offers to help support trials both in-country & around the world.
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Clinical Supply Solutions for the Asia-Pacific Region

Learn how Catalent’s extensive network across APAC can meet a wide range of clinical supply needs for sponsors conducting trials within the region.
Research

A Strategy to Standardize Process Characterization & Late Phase Development

Learn more on an approach for process characterization for the production of a monoclonal antibody, which will improve the efficiency and effectiveness of the process by targeting the right design and number of experiments.

 

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