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Home » Newsletters » BioWorld

BioWorld

Aug. 2, 2024

View Archived Issues
Cancer-gene-therapy-T-cell

First in a decade: FDA clears Adaptimmune T-cell therapy Tecelra

A T-cell therapy from Adaptimmune Therapeutics plc has received accelerated approval from the U.S. FDA to treat advanced synovial sarcoma (SS). Tecelra (afamitresgene autoleucel), a CAR T targeting MAGE-A4, is the first engineered T-cell therapy for solid tumors and the first treatment option for the indication in more than a decade. Read More

Zevra’s arimoclomol on track as GeMDAC backs NPC drug by 11-5

As the Sept. 21 PDUFA date looms for arimoclomol from Zevra Therapeutics Inc. in Niemann-Pick type C (NPC), the U.S. FDA’s newly formed Genetic Metabolic Diseases Advisory Committee (GeMDAC) decided in favor of the drug. Read More
Handshake with DNA, molecules

Otsuka to buy Boston chemoproteomics biotech for up to $1.1B

Tokyo-headquartered Otsuka Pharmaceutical Co. Ltd. said Aug. 1 that it will acquire Boston-based Jnana Therapeutics Inc. through a potential $1.125 billion M&A deal. Under the terms, Otsuka will work to close the transaction by the third quarter of 2024, with $800 million paid out to Jnana shareholders, along with up to $325 million in additional development and regulatory milestones payments. Read More
blocks-arrows-up-profit

More hikes in store with FY 2025 FDA user fees

Inflation continues to take a toll on U.S. FDA drug and device user fees with some of the fees increasing as much as 44% for fiscal 2025. While most fee increases for generics and innovative drugs and biologics are below 10%, the ANDA fee is jumping 28% to $321,920. Read More
CAR T cell

Removing CD5 'brake' on CAR T cells increases antitumor efficacy

To be successful, CAR T-cells need a balance between being effective and overkill. Researchers from the University of Pennsylvania and Vittoria Biotherapeutics Inc. have eliminated the CD5 signaling pathway of their CAR Ts to prevent the immunosuppressive brake effect. In return, this improved their proliferation and antitumor activity in T cell lymphomas. Read More
Global currency

Biopharma funding doubles in 2024, reaching $73.76B through July

Biopharma financings soared to $73.76 billion in the first seven months of 2024, marking a substantial 102% jump compared to the $36.47 billion accumulated in the same period in 2023. This amount places 2024 just behind the record-setting years of 2020 ($80.42 billion) and 2021 ($80.74 billion) in terms of funds raised through July. The $2.04 billion secured in July also is an increase from the $1.87 billion raised in June. Read More

Vir announces Sanofi deal, pipeline overhaul

Vir Biotechnology Inc.’s focus will look a little different for the latter half of 2024, as the San Francisco-based firm disclosed a restructuring that will cut about a fourth of its workforce and phase out programs targeting influenza and COVID-19 as well as vaccines developed using its T-cell-based viral vector platform. Read More

Money raised by biopharma

Total raised in public, private and other financings of biopharma companies, comparing 2019-2024. Read More

Biopharma money raised: Jan. 1-Aug. 1, 2024

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

Biopharma money raised by month in 2024 (US$M)

Biopharma money raised to-date and by month in 2023, including public, private and other financings. Read More

BioWorld and Nasdaq stock indices

These graphs compare the performance of the biotech stocks for all of 2024 using the BioWorld Stock Indicator and the Nasdaq Biotech Index. Read More

BioWorld Insider Podcast: The first half of 2024 was strong as M&As and financings dominate

Karen Carey, BioWorld managing editor and chief analyst, takes a look at the numbers from the first half of 2024. She finds the first six months to be healthy for the biopharma market while the rest of the year is populated with question marks that include the U.S. presidential election and potential interest rate cuts. Read More

‘We're always on the lookout for what's next’

From no hope to viable treatments, BioWorld  is there to cover the breakthroughs in medicine. Listen to Randy Osborne explain why the BioWorld  team is ‘always on the lookout for what's next.’ Read More

Appointments and advancements for Aug. 2, 2024

New hires and promotions in the biopharma industry, including: Madrigal, Tracon. Read More

Financings for Aug. 2, 2024

Biopharmas raising money in public or private financings, including: Healx, Jade, Lipella, Ocugen, OS, Outpace, Psyence, Venbio. Read More

In the clinic for Aug. 2, 2024

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Agios, ALX, Eli Lilly, Kiromic, Neurosense, Otsuka, Regenxbio, Sound. Read More

Other news to note for Aug. 2, 2024

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Abbvie, Biogen, Cerevel, Hillevax, Limmatech, Merck KGaA, Milliporesigma, Mirus, Paratek, Valneva, Xbrane. Read More

Regulatory actions for Aug. 2, 2024

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Adverum, Celltrion, Corvus, Healx, Immuneering, PDS, Prestige. Read More

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