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Home » Newsletters » BioWorld

BioWorld

July 8, 2024

View Archived Issues
Hand pointing at digital M&A screen

Lilly acquires IBD developer Morphic for $3.2B

In the third-largest acquisition announced this year, pharma giant Eli Lilly and Co. is buying oral integrin therapies developer Morphic Holding Inc. for $3.2 billion. Morphic stock (NASDAQ:MORF) got a tremendous boost from the acquisition, with shares closing 75% upward at $55.74 each on July 8, the day the deal was announced. Read More

Hillevax plunges on phase IIb norovirus vaccine flop in infants

Hillevax Inc. is turning its attention to preventing moderate or severe acute gastroenteritis events (AGEs) in adults with norovirus after the phase IIb NEST-IN1 trial testing virus-like particle-based vaccine HIL-214 in infants missed its primary and secondary endpoints, news that sent shares of the company (NASDAQ:HLVX) plummeting 88% to close July 8 at $1.64, a significant drop from the IPO price of $17 two years ago. Read More
Xray showing lung cancer on tablet

Roche quits lung cancer phase II/III with anti-TIGIT tiragolumab

As developers in the oft-troubled TIGIT class forge onward, Roche Holding AG’s Genentech unit provided an unfavorable update July 5 on the phase II/III Skyscraper-06 study testing anti-TIGIT candidate tiragolumab plus Tecentriq (atezolizumab) and chemotherapy vs. Keytruda (pembrolizumab, Merck & Co. Inc.) and chemo as first-line treatment for non-squamous non-small-cell lung cancer (NSCLC). Read More

Ideaya opening a new market with its first-in-class MAT2A inhibitor

Ideaya Biosciences Inc. appears to be in the lead to develop a treatment for tumors with deletions in both copies of methylthioadenosine phosphorylase (MTAP). Despite the large market with an estimated annual incidence rate in the U.S. of approximately 75,000 patients, there are no FDA approved therapies for MTAP-deleted solid tumors. Read More
Woman taking medication for mental illness

Douglas gears up for slow-release ketamine phase III for depression

On the heels of positive phase II results of its extended-release ketamine (R-107) in treatment-resistant depression, Douglas Pharmaceuticals Ltd. is gearing up to begin phase III trials of its ketamine treatment that is safe enough to take at home without clinical supervision. Read More

Myricx raises £90M in Europe’s largest series A for NMT inhibitors

Myricx Bio Ltd. has closed the largest series A for a European biotech this year, raising £90 million (US$115.4 million), to take forward antibody-drug conjugates based on novel payload chemistry. Read More
Digital handshake

US FDA’s new misinformation draft guidance revisits 2014 version

Bob Califf, commissioner of the U.S. FDA, has been laser-focused on misinformation recently, and the agency reissued a 2014 draft guidance that describes an enforcement policy about third-party communications about a drug or device. The draft appears to sidestep at least one major problem with the 2014 edition, but seems to suggest that manufacturers should consider addressing misinformation about an entire class of products. Read More

Iaso buys out Innovent’s rights to CAR T Fucaso

Nanjing, China-based Iaso Biotherapeutics Co. Ltd. has bought out global rights to human anti-B cell maturation antigen CAR T Fucaso (equecabtagene autoleucel) from partner Innovent Biologics Inc. Read More

Best of BioWorld: Q2

A selection of top news from April to June 2024. Read More

ICYMI: Week in review, July 1-5, 2024

A quick look back at top stories. Read More

Biggest gainers and losers for July 1-5, 2024

The top 10 biopharma stock gainers and losers for the week. Read More

Appointments and advancements for July 8, 2024

New hires and promotions in the biopharma industry, including: Avacta, Kriya, Lexeo, Lexicon, Longeveron, Memo, Rhythm. Read More

Financings for July 8, 2024

Biopharmas raising money in public or private financings, including: CNS. Read More

In the clinic for July 8, 2024

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Genentech, Zhiyu. Read More

Other news to note for July 8, 2024

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Apeiron, Ascentage, Beigene, Boehringer Invios, Ligand, OSE, Recordati, Takeda. Read More

Regulatory actions for July 8, 2024

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Astrazeneca, Hutchmed, Roche. Read More

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