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Home » Newsletters » BioWorld

BioWorld

March 14, 2024

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Biotech deal illustration

Astrazeneca nabs Amolyt for $1B, expands rare disease work

Astrazeneca plc is acquiring rare diseases specialist Amolyt Pharma SA in a $1.05 billion deal, taking ownership of eneboparatide (AZP-3601), which is in phase III development for the treatment of hypoparathyroidism. Of the total, $800 million will be paid up front, with the balance of $250 million contingent upon achievement of a regulatory milestone. Read More

ODAC sides with Geron on benefit of imetelstat

After hearing two conflicting presentations of the safety and efficacy of Geron Corp.’s imetelstat, the U.S. FDA’s Oncology Drugs Advisory Committee (ODAC) voted 12-2 March 14 that the drug’s benefit outweighed its risks as a treatment for transfusion-dependent anemia in adults with low- to intermediate-1 risk myelodysplastic syndromes in patients who have failed or no longer respond to erythropoiesis stimulating agents (ESAs), or who are not eligible for ESA treatment. Read More
Kidneys and adrenal glands

CAH-veats abound in Spruce phase II vs. Neurocrine data

Spruce Biosciences Inc.’s results from two studies with tildacerfont in adult and pediatric classic congenital adrenal hyperplasia (CAH) spurred Wall Street to speculate – further, again – about the prospect’s odds against a drug in the works from Neurocrine Biosciences Inc. Read More

Ocuterra DR:EAM crashes on phase II diabetic retinopathy failure

Top-line phase II results of privately held Ocuterra Therapeutics Inc.’s novel selective small-molecule RGD integrin inhibitor, nesvategrast (OTT-166), showed it failed to meet primary and key secondary endpoints in patients with diabetic retinopathy, prompting the Boston-based company to seek strategic alternatives. Read More
Cityscape, US flag and virtual lock

Wuxi quits BIO in wake of US national security risk allegations

Wuxi Apptec quit its membership in the Biotechnology Innovation Organization (BIO) after U.S. Congressman Rep. Mike Gallagher (R-Wis.) sent a March 5 letter to Attorney General Merrick Garland, asking the Department of Justice to investigate BIO because its lobbying efforts on behalf of Wuxi suggested it was operating as an unregistered agent of a foreign company while advancing the interests of the People’s Republic of China and the Chinese Communist Party. Read More

Tubulis taking ADCs into the clinic with upsized €128M series B2

Antibody-drug conjugate (ADC) specialist Tubulis GmbH has closed a hefty €128 million (US$139.4 million) series B2 round, more than double the €60 million it raised in its series B1 two years ago. Read More

Atrogi’s series B to advance novel type 2 diabetes approach

Atrogi AB is raising a €30 million to €35 million (US$32.9 million to $38.4 million) series B round after announcing positive clinical data for ATR-258, a novel beta-2 adrenergic receptor agonist that is being lined up as a potential first-in-class insulin-independent treatment for type 2 diabetes. Read More
Dendritic cells

Asgard’s ‘direct reprogramming strategy’ garners €30M series A

Asgard Therapeutics AB has raised €30 million (US$32.8 million) in a series A round to advance a novel approach to cancer immunotherapy, in which it is proposed to reprogram cancer cells into functional antigen-presenting dendritic cells in vivo, activating a host immune response against the tumor. Read More

Hyundai Bioscience to acquire 23% stake in CRO firm ADM Korea

Hyundai Bioscience Corp. is set to become the largest shareholder of ADM Korea Inc., a Seoul, South Korea-based contract research organization (CRO) firm, by purchasing 5.02 million shares for ₩20.4 billion (US$15.5 million) – a 23% stake. Read More

Appointments and advancements for March 14, 2024

New hires and promotions in the biopharma industry, including: 4P-Pharma, S. M. Discovery Group, Zealand. Read More

Financings for March 14, 2024

Biopharmas raising money in public or private financings, including: Alithea, Lexeo, Mesoblast, Mission, Orexo, Relation. Read More

In the clinic for March 14, 2024

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Allergy, Astrazeneca, Atsena, Crinetics, Dimerix, Ionis, Longboard, Neurobo, Ocugen, Silence, Takeda. Read More

Other news to note for March 14, 2024

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Aderans, Aignostiocs, Annocca, Astrazeneca, Bayer, Coherus, ERS Genomics, Emendobiom, Eyenovia, ICER, Nicox, Novartis, Novabay, Ricoh, Stemson. Read More

Regulatory actions for March 14, 2024

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Alzprotect, Astrocyte, Bavarian Nordic, Clearmind, Cybin, Imunon, Innocare, Pacira, Pepgen, Pfizer, Prilenia, Psyence, Puretech. Read More

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