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Home » Newsletters » BioWorld

BioWorld

July 7, 2020

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coronavirus money

The need for speed: Novavax receives $1.6B in Operation Warp Speed funding

Two more companies, Novavax Inc. and Regeneron Pharmaceuticals Inc., are on the receiving end of U.S. federal government funding to develop and deliver a COVID-19 vaccine in 2021. Read More

To B or not to B: Corvus’ new approach takes arms against COVID-19

Corvus Pharmaceuticals Inc.’s success in treating a COVID-19 patient previously diagnosed with non-small-cell lung cancer (NSCLC) with CPI-006 helped boost shares (NASDAQ:CRVS) to $4.96, up $2.21, or 181%, as the Burlingame, Calif.-based company disclosed the start of a phase I study to investigate the anti-CD73 immunotherapy prospect. Read More

India’s first COVID-19 vaccine to enter human trials

Bharat Biotech International Ltd. has successfully developed India’s first indigenous vaccine candidate for COVID-19 to enter human trials. Named Covaxin, the vaccine has been cleared by the Drug Controller General of India (DCGI) and Ministry of Health & Family Welfare for phase I and II trials after the company submitted positive preclinical study results regarding safety and immune response. Read More

Deal values rise with 15 above $1B in 2020’s second quarter

Despite the SARS-CoV-2 pandemic, biopharma dealmaking values in the second quarter of 2020 increased by 22.4% since the first quarter, and M&A values – thanks to Abbvie Inc. completing in May its $63 billion buyout of Allergan plc – are at a four-year high. A total of 529 deals, including licensings, collaborations and joint ventures, reported during the second quarter had projected values of nearly $49 billion, a step up from the 471 deals and $40.8 billion value of the first quarter. Read More
Stop-sign-clinical-hold

Patient death in Cellectis CAR T trial for MM leads to clinical hold

Cellectis SA said the FDA has placed a clinical hold on a phase I study of UCART-CS1A, an allogenic CAR T-cell therapy it has been testing in patients with relapsed or refractory multiple myeloma, after one person enrolled in the study died from a case of treatment-emergent cardiac arrest. Cellectis' chief medical officer, Carrie Brownstein, told BioWorld she supported the move, which formalized a decision she'd already taken with her team. Read More
Gesynta founders

Gesynta raises $21M to test novel mechanism in systemic sclerosis

DUBLIN – Gesynta Pharma AB raised SEK190 million (US$20.6 million) in new funding to move GS-248, a selective inhibitor of microsomal prostaglandin E synthase-1 (mPGES-1), into a phase IIa trial in systemic sclerosis. The study is due to get underway toward the year end. “It’s going to be in the second half of the fourth quarter,” said Patric Stenberg, CEO of Lund, Sweden-based Gesynta. Read More

Financings for July 7, 2020

Biopharmas raising money in public or private financings, including: Algernon, Allovir, Ascendis, Evolus, Inventiva, Molecular Partners, Oryzon, Pear, Poseida, Revolution, Tenax, Vor. Read More

In the clinic for July 7, 2020

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Algernon, Annovis, Apellis, Cohbar, Corvus, Curis, Cyteir, Entera, Evive, Lipidor, Inmed, Novocure, Onconova, Otonomy, Outlook, Viiv. Read More

Other news to note for July 7, 2020

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: 7 Hills Pharma, Aboundbio, Akers, Allergan, Arca, Artisan Bio, Biothera, Byondis, Boehringer Ingelheim, Cabaletta Bio, Cage Bio, Cellenkos, Clarametyx, Cybin, Cytoagents, Daewoong, Editas, Evolus, Ferring, Hemostemix, Hepion, Hibercell, Innovation, Insmed, Intelgenx, Maia, Medytox, Mylan, Nasus, Nitto Denko, Numab, Pacgen Life Science, Predictive Oncology, Plakous, Prolynx, Rakuten, Regeneron, Reven, Quantitative Medicine, Tessera, Therapeutic Solutions, Theratechnologies, Tonix, Turning Point, UCB, Zai Lab. Read More

Regulatory actions for July 7, 2020

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Aldeyra, Cellectis, Cybrexa, Diffusion, Endo, Mallinckrodt, Neurogene, Novartis, Otonomy, Otsuka, Propeller, Senhwa, Sosei. Read More

Regulatory front for July 7, 2020

The latest global regulatory news, changes and updates affecting biopharma, including: Esperion, Novartis. Read More

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