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Home » Topics » Analysis and data insight, BioWorld Asia

Analysis and data insight, BioWorld Asia
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Chess board and pieces, blocks spelling out M&A
Biopharma deals 2Q24

Biopharma M&A values double from last year, reach $67.44B in 1H24

July 23, 2024
By Amanda Lanier
In the first half of 2024 (1H24), biopharma deal and M&A values have outpaced those of last year. Deal values reached $97.59 billion through June this year, marking an 11% increase from 1H23 and setting a new record for the highest amount raised in the first half of any year, according to BioWorld. Additionally, biopharma M&As more than doubled, soaring from $29.59 billion in the first half of 2023 to $67.44 billion in the same period this year.
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Injection syringes
Biopharma regulatory actions and approvals June 2024

Eylea, Neupogen, Stelara biosimilars among 28 FDA nods in June

July 23, 2024
By Amanda Lanier
The U.S. FDA approved 28 new drugs in June, marking the third-highest month in BioWorld’s records, following March 2024’s 30 approvals and June 2020's 29 approvals, and a significant increase from May’s 11 FDA drug approvals. For context, the FDA approved an average of around 16 drugs per month in 2023, 12.5 per month in 2022, and 17 per month in both 2021 and 2020.
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Doctor pointing at liver

BIX 2024: From graveyard to breakthrough, MASH candidates on rise

July 16, 2024
By Marian (YoonJee) Chu
Nonalcoholic steatohepatitis was renamed, for the first time in 34 years, to metabolic dysfunction associated steatohepatitis (MASH), but a name change is far from being the biggest development in the field, according to experts at Bioplus Interphex (BIX) Korea 2024.
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Biomap signing ceremony

Biomap sets new global ‘biocomputing’ hub in Hong Kong

July 16, 2024
By Marian (YoonJee) Chu
Silicon Valley-based Biomap is setting up a new global biocomputing innovation hub, dubbed Biomap Innohub, in Hong Kong as the local government ramps up investment to build supercomputing prowess, Vicky Qu, senior vice president of Biomap, told BioWorld. The goal is to accelerate novel drug product development and commercialization with biocomputing.
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Handshake, businessmen holding dollar sign, lightbulb

Biopharma deals bring in $97B in first half of 2024, outpacing last year

July 16, 2024
By Amanda Lanier
Biopharma deal value in June decreased to $12.82 billion, down from $18.76 billion in May, $15.28 billion in April, and $27.9 billion in January.
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Lotte Biologics CEO Richard Lee

Lotte Biologics to build $3.3B South Korea biomanufacturing plant

July 9, 2024
By Marian (YoonJee) Chu
Lotte Biologics Co. Ltd. broke ground on its contract development and manufacturing organization (CDMO) plant at its Songdo Bio Campus in Incheon, South Korea, on July 3 to grow its production capacity and set “a new standard” for Korean CDMOs in the global market.
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Dollar sign thermometer
Biopharma financings June 2024

First half of 2024 sees biopharma financings nearing full-year 2023 total

July 9, 2024
By Amanda Lanier
Biopharma financings reached $70.09 billion in the first half of 2024, a 129% increase from the $30.57 billion raised in the first half of 2023. At more than $70 billion, this year's financings are already approaching the full-year total of $70.97 billion for 2023. June saw $7.57 billion in total financings, a decrease from $9.15 billion in May.
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Clinical data illustration
Biopharma clinical updates May 2024

May’s 298 clinical trial updates led by Astrazeneca, Hutchmed and Novartis

July 2, 2024
By Amanda Lanier
In May 2024, BioWorld covered 298 updates across phase I-III clinical trials, surpassing March (261), February (236) and January (252), though falling short of April’s high of 323. Additionally, at the end of May BioWorld revised its reporting criteria for clinical trial updates, focusing mainly on data readouts and excluding trial initiations, enrollment changes and initial patient dosing, thereby impacting the update count relative to prior months.
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FDA Approved stamp with pills, bottle, blister pack
Biopharma regulatory actions and approvals May 2024

Two Eylea biosimilars among 11 FDA drug approvals in May

June 25, 2024
By Amanda Lanier
In May, the U.S. FDA approved 11 new drugs, a significant drop from the 26 approvals in April, which was the sixth-highest monthly total since 2016. This also falls short of March’s record-setting 30 approvals, the highest number recorded by BioWorld.
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3D illustration demonstrating antibody-drug conjugate.

Companies to Watch: Seven ADC companies under the radar

June 25, 2024
By Lee Landenberger
The annual Companies to Watch report, which was just released, looks closely at seven companies flying under the radar that are developing antibody-drug conjugates (ADCs) for treating cancer. Companies examined in the new report are Adcendo ApS, Araris Biotech AG, Go Therapeutics Inc., Heidelberg Pharma AG, Pheon Therapeutics Ltd., Tallac Therapeutics Inc. and Tubulis GmbH.
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