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Home » Newsletters » BioWorld

BioWorld

March 6, 2024

View Archived Issues
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Merus, Gilead ink $1.5B+ deal; Biomx merges with Adaptive Phage

Merus NV added Gilead Sciences Inc. to its collaboration roster, entering a deal potentially worth more than $1.5 billion. While its previous agreements have focused primarily on bispecific antibodies, the Gilead alliance takes aim at trispecifics, antibodies capable of binding three targets at once. In other news, shares of Biomx Inc. (NYSE:PHGE) jumped 194% March 6, ending the day at 68 cents, up 45 cents, on news that it was merging with fellow phage-focused company Adaptive Phage Therapeutics Inc. and raised $50 million in a concurrent private placement. Read More

$182M for Sionna’s ‘new standard of care’ in cystic fibrosis

Sionna Therapeutics Inc.’s approach with small molecules in cystic fibrosis (CF) yielded the Boston-based firm an upsized and oversubscribed $182 million series C financing. The company is working on drugs that could fully restore the function of the CF transmembrane conductance regulator protein by stabilizing the first nucleotide-binding domain (NBD1). Four compounds are expected to enter the clinic this year – three NBD1 stabilizers and one ICL4 modulator. Read More
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Shionogi’s oral COVID-19 antiviral wins full approval in Japan

Shionogi & Co. Ltd., of Osaka, Japan, gained standard approval from Japan’s Ministry of Health, Labour and Welfare for Xocova (ensitrelvir fumaric acid) on March 5, making it the first COVID-19 antiviral to win full approval in the country. Read More
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BioWorld Drug Developers Index bolstered by clinical data, Q4 results

Though down nearly 6% in January, the BioWorld Drug Developers Index (BDDI) rebounded in February, finishing the month with a 4.41% increase and outperforming both the Nasdaq Biotechnology Index (NBI; up 1.33%) and the Dow Jones Industrial Average (DJIA; up 3.47%). In 2023, BDDI concluded the year down 11.35%, trailing behind the NBI and DJIA. Read More
Drug-vials

Sandoz’s denosumab biosimilars challenge Amgen with US FDA nod

The biosimilars revolution continues with the U.S. FDA’s approval of the first denosumab biosimilars: Wyost (denosumab-bbdz) and Jubbonti (denosumab-bbdz) from Sandoz Inc. for treating osteoporosis and to prevent bone problems in cancer. The approval puts up a strong challenge to Amgen Inc.’s Prolia, the first biologic for osteoporosis, and Xgeva, for bone cancer. Read More

UK-China investment and licensing deals ‘mutually beneficial’

Foreign investment in China’s biopharma sector is beginning to pick up after the hit of severe pandemic restrictions, and as Western governments look to revive trading relationships following a spate of diplomatic rows. While the geopolitical tensions remain, the mantra from Europe is not to de-couple, but to de-risk. Following a policy review in 2023, the U.K. government position is that a positive two-way trade and investment relationship with China is “mutually beneficial.” Read More
WTO logo

WTO steps back from renewal of IP waivers for COVID

The World Trade Organization wrapped up its 13th ministerial conference and, as the saying goes, no news is good news. Life science trade associations in the U.S. lauded the end of the conference without an extension of intellectual property rights waivers for therapies and diagnostics for the COVID-19 pandemic, although this outcome was not entirely surprising. Read More

GMP violations lead to US charges

A heads up for the biopharma and med-tech industries: The U.S. government is going beyond warning letters to slap companies for violating the FDA’s good manufacturing practice (GMP) regulations. KVK Research Inc., a U.S.-based generic drug manufacturer, pleaded guilty March 6 to two misdemeanor counts of violating the Federal Food, Drug and Cosmetics Act by introducing adulterated drugs into interstate commerce. As part of the plea, the company agreed to pay a proposed fine and forfeiture amount of $1.5 million. Read More
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Explore BioWorld’s comprehensive infographics collection

Discover a wealth of industry insights with BioWorld’s extensive collection of infographics, covering the latest trends and developments in both biopharma and med-tech. Our weekly infographics are curated to provide concise summaries of key topics: financings (IPOs, private financings, public/other and follow-on offerings), deals and M&As (top deals, and monthly value and volume), regulatory (including U.S. FDA and worldwide approvals), clinical trials and more. In addition, you’ll find access to BioWorld’s year-in-review reports, as well as special infographics about obesity, pain and addiction, biosimilars and the aging space. Read More

Appointments and advancements for March 6, 2024

New hires and promotions in the biopharma industry, including: Aerovate, Asceneuron, Aslan, Fibrobiologics, Hepion, Iteos, Mbrace, Neovac, Vaxart, Zenas. Read More

Financings for March 6, 2024

Biopharmas raising money in public or private financings, including: Akero, Alumis, Apogee, Bridgebio, Celldex, Innocan, Me, Nyrada, Oxurion, Scilex, Xeris. Read More

In the clinic for March 6, 2024

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Alnylam, Alzecure, Ankyra, Apogee, Bioinvent, Cervomed, Constant, Cynata, Elysium, Exonate, FSD, Immunitybio, Immutep, Inmune, Maat, Modex, Nielsen, Novo Nordisk, Regenxbio, Viiv, Vir. Read More

Other news to note for March 6, 2024

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Abbvie, Aptorum, Bostongene, Candel, Crossbow, Cyclacel, Dragonfly, Elicera, Formosa, Gensight, Gilead, Imidomics, Nec, Sonata, Sonrai, Sosei, Transgene, UCB, Yoov. Read More

Regulatory actions for March 6, 2024

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Aimmax, Allyx, Anheart, Formosa, Innovent, Lipella, Madrigal, Noxxon, Oncolytics, Photon, TME. Read More

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