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Home » Newsletters » BioWorld

BioWorld

April 7, 2020

View Archived Issues
Global deal merger

Biopharma deals and M&As down slightly, but respectable showing despite pandemic

With nearly a quarter of the activity announced in March focused on COVID-19, the first quarter of 2020 appears to be on target to beat the deal and M&A values of two of the last three years, although it remains behind 2019. Despite the uncertainty of the coronavirus pandemic, let alone the upcoming U.S. presidential election, the industry has fared relatively well in terms of dealmaking so far this year, even as the markets have plummeted and partnering events have moved to a virtual format. In fact, deals should logically increase as the pandemic takes its toll on the economy, according to a biopharma executive who responded to a recent J.P. Morgan survey. Read More

Pluristem sees positive signs in preliminary COVID-19 test

Pluristem Therapeutics Inc., an Israeli regenerative medicine company, said several of the seven COVID-19 patients treated with its allogeneic placental expanded (PLX) cells have progressed from suffering severe symptoms of the disease to signs of clinical recovery, including respiratory improvements. Read More
Pandemic

The next pandemic: Death, taxes and zoonotic spillover

“In any crisis, leaders have two equally important responsibilities: solve the immediate problem and keep it from happening again... The first point is more pressing, but the second has crucial long-term consequences.” So wrote Bill Gates in a February editorial in The New England Journal of Medicine about COVID-19, which “has started behaving a lot like the once-in-a-century pathogen we’ve been worried about.” Read More

Bad info, delusions about testing fuel COVID-19 viral spiral

Evercore ISI assembled a dozen internal specialists for a webinar to talk about COVID-19 from a variety of perspectives, with opinions aplenty on transmission route, up-and-coming treatment prospects, and problems in how testing procedures are understood – or not. Read More
Cancer-Research-UK

U.K. research sees ‘substantial’ cuts to charity-funded research due to COVID-19

LONDON – COVID-19 is posing a real threat to the viability of medical charities in the U.K., which collectively fund 17,000 scientists and invest more than £1.3 billion (US$1.6 billion) per annum in research. Read More
covid-19-coronavirus-lungs

MSC-based therapies from Mesoblast, Cynata advance to tackle COVID-19 ARDS

PERTH, Australia – Australian stem cell therapy company Mesoblast Ltd. announced that the FDA gave it the green light to test its allogeneic mesenchymal stem cell (MSC) product candidate remestemcel-L in patients with acute respiratory distress syndrome (ARDS) caused by coronavirus (COVID-19). “We’re going to be evaluating whether an injection of our cells intravenously can tone down the immune system just enough so it gets rid of the virus but doesn’t destroy your lungs at the same time,” Mesoblast CEO Silviu Itescu told BioWorld. Read More
Drug shortage

Drug shortages worsen in gnarl of regulatory, logistics tangles

As the demand increases for ventilators to treat Americans with severe symptoms of COVID-19, another shortage is being exacerbated – a shortage of the drugs needed to treat patients on ventilators. Read More
dollar-build.png

Deerfield Management raises $840M for health care venture fund

New York-based Deerfield Management Co. has secured $840 million for a new venture capital fund to support innovations in biotechnology, medical technologies and digital health. James Flynn, managing partner of Deerfield, said roughly half of the fund will focus on early-stage therapeutic R&D, much of that coming from academic partnerships. The remainder will be used to back companies developing novel advances in med-tech interventions, diagnostics and digital health. Read More

Appointments and advancements for April 7, 2020

New hires and promotions in the biopharma industry, including: Achilles, Exicure, Gadeta, Hemostemix, Oncoceutics, Polyneuron. Read More

Financings for April 7, 2020

Biopharmas raising money in public or private financings, including: Aytu, Lattice. Read More

In the clinic for April 7, 2020

Clinical updates, including trial initiations, enrollment status and data readouts and publications: AB Science, Bellus, Bicycle, Boston, Can-Fite, Crinetics, Inventiva, Kalvista, Kazia, Precision, Quantum, Seneca, Vaccinex. Read More

Other news to note for April 7, 2020

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Alligator, Applied Biology, Beam, Biohaven, Biopharmx, Chromocell, Cullgen, Cytodyn, Cytovia, Fosun, Gilead, Imaginab, Infinity, Ingeneron, Iqvia, Intellistem, Karyopharm, La Jolla, Leading Biosciences, Lodo, Metrion, Nervgen, Pancella, Portola, Regeneron, Reneuron, Sanofi, Sirion. Read More

Regulatory actions for April 7, 2020

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Agenus, Alnylam, Ascentage, Blaze, Immunomedics, Merck. Read More

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