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Home » Newsletters » BioWorld

BioWorld

Sep. 15, 2023

View Archived Issues
Going public ticker

Two IPOs launch in a tepid market

In the daunting shadow of previous years’ numbers, two companies jumped into this year’s relatively tepid IPO market. Rayzebio Inc. priced its upsized $311 million IPO of 17.2 million shares at $18 each. Gross proceeds of about $290.1 million are expected by the radiopharmaceutical cancer therapy developer. On Sept. 15, shares (NASDAQ:RYZB) closed up 33.3% at $24 each. Also, Neumora Therapeutics Inc. priced its IPO of 14.7 million shares at $17 each, looking for gross proceeds of about $250 million. The company, which is developing seven products targeting brain diseases, saw shares (NASDAQ:NMRA) close 4.4% downward at $16.25 on Sept. 15. Read More
boy in wheelchair

Repeat defender: PTC to appeal Translarna case in Europe – again

“We’re going to battle,” PTC Therapeutics Inc. CEO Matthew Klein said, responding to a surprise negative opinion from the EMA’s Committee for Medicinal Products for Human Use on converting the conditional marketing authorization to full status for Translarna (ataluren) in the treatment of nonsense mutation Duchenne muscular dystrophy. The opinion applies to the renewal of the existing conditional authorization, too. Read More
Antibody binding to an amyloid beta fibril

Galimedix targeting misfolded amyloid in retinal disease

Galimedix Therapeutics Inc. plans to move its lead compound, GAL-101, into a phase IIa proof-of-concept trial next year, in order to test an intriguing hypothesis associated with certain retinal degeneration conditions. GAL-101 selectively binds misfolded amyloid beta species, and the company believes that this mechanism may benefit patients with the dry form of age-related macular degeneration or with glaucoma. Read More
Acquisition-fish.png

Lilly closes two $1B+ acquisitions in August as M&As pace similar to last year

Biopharma deal values through August are down 13.05% year-over-year, while the number of deals has fallen by 18.51% compared to 2022. M&A value, meanwhile, is down just 3.6% from last year. Through August, 2023 saw 885 biopharma deals worth $111.87 billion, compared to 1,086 deals totaling $128.66 billion in the same period in 2022. The first eight months of 2021 saw 1,386 deals worth $121.22 billion, 1,381 deals valued at $129.96 billion in 2020 and 1,051 deals worth $111.93 billion in 2019. Read More
Hanmi Pharmaceutical researchers

Hanmi unveils new obesity pipeline under new strategy leadership

Hanmi Science Co. Ltd. is rolling out a new obesity pipeline with five candidates under its relatively new leadership with Lim Ju-hyun, the eldest daughter of Hanmi Pharmaceutical Co. Ltd. founder Lim Sung-ki, who serves as president of Hanmi’s global strategy division. Songpa-gu, Seoul-based Hanmi Science is the holding group of its main drug development and production arm, Hanmi Pharmaceutical, and its wholesaler arm, Online Pharm. Read More
Scott Penberthy, director of applied AI, Google Cloud's Office of the Chief Technology Officer

BioWorld Insider Podcast – AI: driving drug development from effective to remarkable

Google’s Scott Penberthy joins the podcast for a visionary discussion that scans the horizon for startling changes artificial intelligence will bring to drug development in the relatively near future. Read More

Appointments and advancements for Sept. 15, 2023

New hires and promotions in the biopharma industry, including: Deep Genomics, Mineralys, Phanes, Pliant, Repairon, Sling, Vivoryon. Read More

Financings for Sept. 15, 2023

Biopharmas raising money in public or private financings, including: Cymabay, Day One, First Wave, Okyo Pharma, Scinai. Read More

In the clinic for Sept. 15, 2023

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Anavex, Asieris, Biohaven, Coeptis, Edgewise, Scilex, Vincerx. Read More

Other news to note for Sept. 15, 2023

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Epic, Menarini, Nabriva, Novartis, Pfizer, Ryvu, Seagen. Read More

Regulatory actions for Sept. 15, 2023

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Alnylam, Dizal, Hemogenyx, Innocare, Neurocrine, Oncopeptides, Oscotec. 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-Sept. 14, 2023

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

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