Scattered investor qualms about Nuvalent Inc.’s largely upbeat data during the European Society for Medical Oncology (ESMO) meeting in Barcelona didn’t stop the firm from pricing an upsized $500 million public offering. The Cambridge, Mass.-based firm is selling 5 million shares of class A common stock at $100 each. The offering is expected to close on Sept. 18, with underwriters holding a 30-day option to purchase up to 750,000 more shares. Read More
Capricor Therapeutics Inc. has expanded its commercialization and distribution deal with Nippon Shinyaku Co. Ltd. to include the EU and the U.K. for deramiocel, Capricor’s lead asset, in treating Duchenne muscular dystrophy (DMD). In the new agreement, Capricor will receive an up-front payment of $20 million. Capricor will handle development and manufacturing duties for deramiocel while Nippon Shinyaku will be responsible for the sales and distribution. Read More
Two tales of one law were told Sept. 17 as the U.S. Senate Finance Committee discussed the successes and failures of the health care provisions included in the Inflation Reduction Act (IRA) as members looked toward different sequels. Read More
Australia’s Health Department has released the final report of the Health Technology Assessment (HTA) Review that makes 50 recommendations for improving access to new health technologies while tackling inequity, simplifying HTA processes and making it easier for consumers and clinicians to participate. Read More
One of the current challenges of immunotherapy is the hunt for good targets, and the Claudins – a family of roughly two dozen transmembrane proteins – would appear to have a lot going for them. “Some Claudins distribute in a tissue-specific manner, and malignant transformation causes their exposition,” Cinta Hierro told the audience at the European Society of Medical Oncology (ESMO) 2024 Congress. “Others are rarely expressed in healthy tissue.” Read More
Instil Bio Inc. and Immuneonco Biopharmaceuticals Inc. laid out their global registrational strategy for the PD-L1xVEGF bispecific antibody SYN-2510 (IMM-2510) in front-line non-small-cell lung cancer and front-line triple-negative breast cancer amid a wild stock ride for the former over the past week and a half. Read More
New hires and promotions in the biopharma industry, including: 89bio, Abata, Akari, Bpgbio, Entact, IMU, Kura, Mirador, Nautilus, Nura, Sumitomo. Read More
Clinical updates, including trial initiations, enrollment status and data readouts and publications: Ascendis, Bioinvent, BMS, Boehringer, Evaxion, Gan & Lee, GSK, Immvira, Immutep, Ipsen, Iteos, Nuvalent, Scorpion, Transgene. Read More
Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Akeso, Bristol Myers Squibb, Equillium, Immatics, Immuneonco, Intercept, Korro, Merck, Novo Nordisk, Quine, Roche, Sama, Summit, Tonix, Vivtex. Read More
Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Eli Lilly, Genentech, Halozyme, Medexus, Poseida, Regeneron, Roche, Simcere, Somite, Zentalis. Read More
