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Home » Newsletters » BioWorld

BioWorld

June 9, 2023

View Archived Issues
Biotech deal illustration

Quell’s Treg approach lands $2B Astrazeneca deal to focus on IBD, type 1 diabetes

Regulatory T-cell specialist Quell Therapeutics Ltd. has sealed a potential $2 billion agreement under which Astrazeneca plc is taking rights to two autologous Treg cell therapies for treating inflammatory bowel disease (IBD) and type 1 diabetes. Quell will receive $85 million up front, the majority of which is in cash, with a modest (undisclosed) equity investment. Reaching the $2 billion headline figure will involve a series of development and commercial milestones and royalties on sales. Read More

US FDA adcom supports Leqembi for full approval

Eisai Co. Ltd. and Biogen Inc.’s Leqembi (lecanemab) gained the support of the U.S. FDA’s Peripheral and Central Nervous System Drugs Advisory Committee (adcom) in a 6-0 vote on June 9, as panel members unanimously agreed that the results of the phase III Clarity trial verified the clinical benefit in the treatment of Alzheimer’s disease. The FDA does not have to follow the adcom’s recommendation, but it often does. The PDUFA date for the supplemental NDA is July 6. Read More
Lungs.png

Vicore Pharma raises $46M to fund phase IIb trial in IPF

Vicore Pharma Holding AB grossed about SEK500 million (US$46 million) in a directed share issue that will fund a phase IIb trial of its lead drug candidate, C-21, in idiopathic pulmonary fibrosis (IPF). Read More

Addimmune launches to create a functional cure for HIV

For Jeff Galvin, the CEO and founder of newly launched Addimmune Inc., HIV is not a condition that’s in the rearview mirror. It needs a functional cure to save lives, make people healthier and save money that need not have been spent. People wonder why it’s worth bothering to cure HIV, Galvin told BioWorld, when they are taking their medications every day and they are feeling pretty close to normal. But it’s not close for Galvin, who noted that there are side effects from taking the pills that can cause headaches, fatigue, nausea and diarrhea. Read More
Glass yen/yuan symbol

Lynk nets $28M to develop JAK inhibitors for autoimmune diseases

Lynk Pharmaceuticals Co. Ltd. raised ¥200 million (US$28 million) in a series C1 financing round to accelerate the clinical development of its second-generation and third-generation JAK inhibitors for cancer and autoimmune diseases. Read More
M&A with declining bar chart

Overall deal value keeps last year’s pace as M&A values tumble

Biopharma deal values are continuing to track at a similar pace to last year, down only 0.31% compared to the first five months of 2022, while there have been 173 fewer deals. M&A values are at their lowest value in all years tracked by BioWorld (2016-2023). Read More

The BioWorld Insider Podcast: Preventing opioid overdoses with a smart patch

Free, no-prescription-required access to naloxone has reduced deaths from opioid overdoses by 11% in some communities, but they only work if someone with the reversal agent is available when a person overdoses. Resilient Lifescience Inc. hopes to save those lives, too. The company is developing a wearable patch that monitors vital signs and automatically administers naloxone when needed. In this edition of the BioWorld Insider podcast, Brad Holden, CEO of Resilient Lifescience, explained how the device works for overdoses as well as other potential applications for the new technology.

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Financings for June 9, 2023

Biopharmas raising money in public or private financings, including: Aytu, Effector, Elevation Oncology, Nrx. Read More

In the clinic for June 9, 2023

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Annovis, Arvinas, Azafaros, Cingulate, Lianbio, Repare, Ultimovacs. Read More

Other news to note for June 9, 2023

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Emris, Hyloris, Lantern. Read More

Regulatory actions for June 9, 2023

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Biogen, Eisai, Innate, Merck & Co., Novaliq, Pipeline, Rocket. Read More

Money raised by biopharma

Total raised in public, private and other financings of biopharma companies, comparing 2023 vs. 2022 vs. 2021 vs. 2020 vs. 2019. Read More

Biopharma money raised: Jan. 1-June 8, 2023

Year-to-date money raised in public, private and other financings of biopharma companies. Read More

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