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Home » Newsletters » BioWorld

BioWorld

June 13, 2023

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Hand holding IPO, financial icons

Dermatology-focused Cutia raises $65M in Hong Kong IPO

Cutia Therapeutics Ltd. raised HK$465 million (US$65 million) in a Hong Kong IPO on June 12, with almost half of the proceeds going toward furthering its lead product to treat adipose accumulation. Cutia’s shares moved a little higher on the first day of trading, opening at HK$21.80, rising 0.46% and closing at HK$21.95. Read More

Phase II-to-III transfer protocol unriddled? Newamsterdam writing new book of ester in anti-lipid class

Since late 2006, when hiked levels of aldosterone and increases in blood pressure foiled Pfizer Inc.’s torcetrapib, researchers have been wary of cholesteryl ester transfer protein (CETP) inhibitors. But not all researchers. Among the still-hopeful is Newamsterdam Pharma NV, which recently rolled out positive phase II data with obicetrapib, and the company is forging ahead despite other CETPs that have not fared well in late-stage testing after performing nicely in phase II, including candidates from Merck & Co. Inc. and Eli Lilly and Co. Read More
Cardiovascular.png

Bitterroot Bio raises $145M as it unveils heart disease immunotherapy approach

Seeking to repurpose a validated oncology drug target for atherosclerosis is Bitterroot Bio Inc., a biotech company that introduced itself to the world on the back of a sizable $145 million series A, funds it intends to use to advance its lead monoclonal antibody, BRB-002, toward the clinic. Read More
Qilu picture 6-13.png

FDA’s temporary import approval of unapproved drug from China could be ‘exception,’ not rule

The U.S. FDA approved the temporary importation of the unapproved chemotherapy drug cisplatin from Qilu Pharmaceutical Co. Ltd. to help address a shortage of drugs used in cancer treatments in the U.S. The decision opened the possibility of more Chinese drugs making their way to the U.S. market, but some warned that this decision would be likely be a one-off. Read More
Prescription drug bottle, pills shaped in $ sign

Blast from the past: Sanders seeks to reinstate ‘reasonable pricing clause’

Using his new platform as chair of the U.S. Senate Health, Education, Labor and Pensions Committee, Sen. Bernie Sanders (I-Vt.) is again pushing the Biden administration to reinstate, and strengthen, a “reasonable pricing clause” in all future research agreements involving government agencies, especially those funding drug R&D. Read More

Democrats, Republicans spar over FDA drug shortage authority in PAHPA reauthorization

The need to reauthorize the U.S. Pandemic and All-Hazards Preparedness Act (PAHPA) prompted a June 13 hearing in the House of Representatives, but a major fissure appeared between the Republican and Democratic Parties regarding FDA’s authorities for managing drug shortages. Read More

Appointments and advancements for June 13, 2023

New hires and promotions in the biopharma industry, including: Biogen, Black Diamond, Damona, Dem, Galapagos, Generate, Jasper, Longeveron, Mei, Reata, Regulus, Senda, Tiziana, Umeå. Read More

Conference data for June 13, 2023: EHA

New and updated preclinical and clinical data presented by biopharma firms at the European Hematology Association Congress, including: Actinium, Aptose, Cellectis, Disc, Geron, Gracell, Humanigen, Innate, Innovent, Kura, Modus, Nkarta, Salarius, Sumitomo. Read More

Financings for June 13, 2023

Biopharmas raising money in public or private financings, including: Almirall, Biora, Disc, Feldan, Moat, Pharmala, Turnstone. Read More

In the clinic for June 13, 2023

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Aardvark, ABVC, Actinium, Celldex, Ideaya, Intellia, Kymera, Mustang, Ocular, Oxurion, Pharvaris, Skye,  Sumitomo, Vaccitech. Read More

Other news to note for June 13, 2023

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Applied Stemcell, Avicanna, Future Fields, Jenthera, Novaliq, Panbela, Senju. Read More

Regulatory actions for June 13, 2023

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Astrazeneca, Bloomsbury, Lantern, Merck & Co., Neobiosis, Pharmala, Phathom. Read More

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