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Home » Newsletters » BioWorld

BioWorld

Oct. 3, 2023

View Archived Issues
Radioligand seeking cancer cell

Lilly enters radiopharma space with $1.4B buyout of Point Biopharma

Indianapolis-based Eli Lilly and Co. agreed to acquire Point Biopharma Global Inc. for $12.50 per share in cash, or about $1.4 billion, in a deal that would bring the pharma company a pipeline of preclinical and clinical radioligand therapies for cancer. The purchase price is an 87% premium to Point’s closing stock price on Oct. 2, and a 68% premium to the 30-day volume-weighted average price. Shares (NASDAQ:PNT) of Point, also of Indianapolis, rose 84.9%, or $5.67, to close at $12.36 on Oct. 3. Read More
Obesity and heart disease illustration

Development, investments, partnerships climb, but safety is key

The ability of obesity medications to impact co-morbidities, reducing the symptoms and costs associated with down-the-road disease, has attracted significant attention throughout the biopharma industry. Read More
Leqembi

Could Eisai’s Leqembi approval be the trigger for drug price reform in Japan?

As pricing negotiations for Biogen Inc./Eisai Co. Ltd.’s newly approved Leqembi (lecanemab) for Alzheimer’s disease get underway at Japan’s Central Social Insurance Medical Council (Chuikyo), industry watchers see opportunity for potential drug price reform. Read More

Flexibility again in the spotlight, this time for neuroblastoma drug

For the second time in two weeks, the extent of regulatory flexibility will be at the heart of a U.S. FDA advisory committee meeting. The Oct. 4 meeting of the Oncologic Drugs Advisory Committee (ODAC) comes exactly a week after the Cellular, Tissue and Gene Therapies Advisory Committee voted overwhelmingly that the evidence presented for Brainstorm Cell Therapeutics Inc.’s amyotrophic lateral sclerosis drug, Nurown (debamestrocel), didn’t meet the agency’s flexibility standard. If the FDA’s briefing document for the ODAC meeting is anything to go by, the outcome for US Worldmeds LLC’s eflornithine, also known as DFMO, could be more positive, even though once again the agency is asking if the evidence from a single trial, along with supportive data, is sufficient. Read More
Traditional-Chinese-medicine3.png

China invests $2.6B to build up traditional Chinese medicine infrastructure

The Chinese government has invested $2.6 billion into building up the traditional Chinese medicine infrastructure and is actively exploring new models to integrate Chinese and Western medicine. Read More

Takeda withdrawing lung cancer drug Exkivity after confirmatory miss

Takeda Pharmaceutical Co. Ltd. said it will work with U.S. regulators on the market withdrawal of Exkivity (mobocertinib), only two years after the oral tyrosine kinase inhibitor gained the FDA’s accelerated approval for use in locally advanced or metastatic non-small-cell lung cancer patients with EGFR exon 20 insertion mutations whose disease has progressed after chemotherapy. Read More

Appointments and advancements for Oct. 3, 2023

New hires and promotions in the biopharma industry, including: Advantage, Alimera, Athersys, Aura, Centessa, Syneos, Twist. Read More

Financings for Oct. 3, 2023

Biopharmas raising money in public or private financings, including: Biohaven, Checkpoint, Iambic, Immunome, Immunovant, Kairos, Lexeo, Morphimmune, Recce, Seagen, Shield, Soleno. Read More

In the clinic for Oct. 3, 2023

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Acurx, Ascendis, Caliway, Cassava, Horizon, Immix, Mirum, Moleculin, Nexcella, Novartis, PDS, Pharmnovo, Pneumagen, Trevena. Read More

Other news to note for Oct. 3, 2023

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Aligos, Alvotech, Astrazeneca, Kashiv. Read More

Regulatory actions for Oct. 3, 2023

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: ANI, Avenge, Basilea, Biogen, Cabaletta, Eli Lilly, Hoth, Pharmazz, Rocket. Read More

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