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Home » Newsletters » BioWorld

BioWorld

Sep. 18, 2024

View Archived Issues
Deal handshake with coin, chart background

Skin deep: Organon buys Dermavant for $1.2B

Roivant Sciences Ltd. has sold another company, this time offering up Dermavant Sciences Ltd. to Organon & Co. for $1.2 billion. The deal brings Organon into a crowded market for plaque psoriasis treatments. The massive amount comprises an up-front $175 million payment, along with a potential $75 million regulatory milestone and up to $950 million in commercial milestones. In the deal, Organon brings in Vtama (tapinarof) cream, a topical, aryl hydrocarbon receptor agonist for mild, moderate and severe plaque psoriasis in adults. Read More

No adcom needed for Applied Therapeutics’ galactosemia therapy

Investors reading into the U.S. FDA’s decision to skip an advisory committee meeting to discuss the NDA for Applied Therapeutics Inc.’s govorestat, seeking approval as the first therapy for treating classic galactosemia, clearly saw reasons for optimism, as shares of Applied (NASDAQ:APLT) jumped 69% to close Sept. 18 at $7.85. Read More
IV drips

Data clang on Street for Prelude but SMARCA2 overtures continue

Wall Street apparently wanted more from Prelude Therapeutics Inc.’s phase I data with SMARCA2 enzyme degrader PRT-3789 in cancer, which rolled out Sept. 13 during the recent European Society of Medical Oncology Congress in Barcelona, but hopes are still high for other prospects in the class pushed forward by various developers. Read More

AACR: Cancer deaths declining, but more funding needed

Scientists and doctors are getting much better at developing treatments for cancer. More than 18 million people with a history of cancer were alive in the U.S. at the beginning of 2022, up from just 3 million in 1971, according to the 14th edition of the American Association for Cancer Research (AACR) Cancer Progress Report. And that number is expected to rise to 26 million by 2040. Read More
3D illustration demonstrating antibody-drug conjugate.

ESMO 2024: Innovent’s IBI-354 shows promise across tumor types

Innovent Biologics Inc. unveiled for the first time safety and efficacy data of IBI-354, an HER2 monoclonal antibody-camptothecin derivative conjugate that shows promising efficacy signals across a range of advanced solid tumors, during the European Society of Medical Oncology (ESMO) 2024 Congress. An HER2-targeted antibody-drug conjugate developed using Innovent's topoisomerase inhibitor NT3 platform, IBI-354 combines a hydrophilic linker design with a hydrophobic payload to enhance the bystander effect, targeting adjacent antigen-low or negative tumor cells. Read More
Juleen Zierath on stage at EASD 2024

Studies on exercise and health win EASD prize

How do exercise and insulin collaborate in metabolism? The European Association for the Study of Diabetes (EASD) and the Novo Nordisk Foundation recognized the work of Juleen Zierath in this topic with the Diabetes Prize for Excellence at their recent annual meeting. Read More

Appointments and advancements for Sept. 18, 2024

New hires and promotions in the biopharma industry, including: Āshibio, Ideaya, Imidomics, Structure, Tempest, Tris. Read More

Financings for Sept. 18, 2024

Biopharmas raising money in public or private financings, including: Aptevo, Bicara, Dermata, Immunos, Kairos, MBX, Merck, Nura Bio, Syntax. Read More

In the clinic for Sept. 18, 2024

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Alkeus, Asieris, Daiichi Sankyo, Dizal, Eisai, Inmune Bio, Karolinska, Merck, Ossium, Revalesio. Read More

Other news to note for Sept. 18, 2024

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: AC Immune, Anew, Athira, Charles River, Cebina, Enzian, Janssen, Klotho, Orbis, Rakovina, Variational, Vivtex.

Read More

Regulatory actions for Sept. 18, 2024

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Atsena, Beigene, Bridgebio, Camp4, GSK, Papillon, Sonoma. Read More

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