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Home » Newsletters » BioWorld

BioWorld

July 9, 2020

View Archived Issues
Gloved hand holding petri dish in lab

Pharma firms commit $1B to develop antibiotics for resistant bacteria

LONDON – Twenty-three pharma companies are joining forces in the AMR Action Fund and have raised $1 billion in new money for the clinical development of antibiotic drugs addressing the most resistant bacteria. Working with philanthropic backers, the fund aims to bring two to four new antibiotics through to approval by 2030. Read More

Sanofi expands protein degrader ambitions with $2.15B Kymera deal

The industry's expanding quest for protein degraders grew a little larger on July 9 with Sanofi SA tapping Kymera Therapeutics Inc. to advance two new protein degrader programs, one of which will target IRAK4 in patients with immune-inflammatory diseases and another for an undisclosed target. Each program could yield multiple therapies.

Read More
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HER2-fore undisclosed: Zymeworks mum on ZW-49 as Merck, BMS deals widen

Zymeworks Inc.’s business update – which included a new, potential $891 million deal for multispecific antibody drugs with longtime partner Merck & Co. Inc. – drew mixed reviews from Wall Street, especially with regard to phase I prospect ZW-49. Read More
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Forbion eyeing late-stage opportunities with $208M fund

LONDON – Forbion has faced down COVID-19 to reach the first close of €185 million (US$208 million) for a new growth opportunities fund, which will be dedicated to late-stage investments in companies with mature assets. Read More
Plasma

Liver protein improves brain function after exercise, but remember Ember

Exercise is a powerful way to keep the elderly brain working well, not just in individuals that are healthy, but also in those with neurodegenerative disease. Even individuals with familial Alzheimer’s, though they will develop dementia regardless of whether they exercise or not, will have relatively better cognitive function if they exercise than if they don’t. Read More

Mylan gets remdesivir approval for COVID-19 in India

HONG KONG – The Drug Controller General of India (DCGI) has approved Mylan NV’s remdesivir 100-mg vial for restricted emergency use in COVID-19 cases. Read More

Zai Lab to develop Turning Point drug for NSCLC in China

HONG KONG – China and U.S.-based Zai Lab Ltd. has inked a deal to develop and commercialize Turning Point Therapeutics Inc.’s lead drug candidate, repotrectinib, in the greater China markets. Read More

Fosun Kite secures $20M to accelerate first CAR T therapy launch in China

Shanghai-based Fosun Kite Biotechnology Co. Ltd. secured another $20 million investment from Shanghai Fosun Pharmaceutical (Group) Co. Ltd. and Kite Pharma Inc., which each contributed $10 million. The fund will support further clinical trials and manufacturing of its CAR T candidates, including FKC-876, which looks likely to become the first CAR T therapy approved in China. Read More

Appointments and advancements for July 9, 2020

New hires and promotions in the biopharma industry, including: Abeona, Akcea, Immatics, Oncologie. Read More

Financings for July 9, 2020

Biopharmas raising money in public or private financings, including: Gensight, Harbour, Inventiva, Nanoviricides, Nkarta, Otonomy, Poseida, Qualigen, Relay, Revolution, Tranquis. Read More

In the clinic for July 9, 2020

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Acer, Bayer, Biogen, Enanta, Ideaya, JS Innopharm. Read More

Other news to note for July 9, 2020

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: AGC, Aim Immunotech, Alimera, Altimmune, Anergis, Ardigen, Astrazeneca, BC Neuroimmunology, Bioxcel, Chromadex, CVC, Cytodyn, Dynport, Hemoshear, Hypertrust, Ilya, Innocan, Kaléo, Kronos, Kye, Moderna, Molecular Partners, Molmed, Novelion, Optinose, Orchard, Promis, Proteinqure, Recipharm, Renovion, Stoke, Therapix, Transgene, Tris, Virometix. Read More

Regulatory actions for July 9, 2020

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Allergy, Anaptysbio, Assembly, Astrazeneca, Chemocentryx, Crinetics, Fate, Fujifilm, Immodulon, Leo, Merck, Mylan, Osmotica. Read More

Regulatory front for July 9, 2020

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

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