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Home » Newsletters » BioWorld

BioWorld

Dec. 19, 2024

View Archived Issues
3D illustration of mesenchymal stem Cells

Mesoblast scores first US nod for mesenchymal stromal cell therapy

Regenerative medicine company Mesoblast Ltd. received an early Christmas present from the FDA for approval of its allogeneic bone marrow-derived mesenchymal stromal cell (MSC) therapy, Ryoncil (remestemcel-L), for steroid-refractory acute graft-vs.-host disease (SR-aGvHD) in children 2 months and older, including adolescents. Read More

Any Betta? FDA adds Ensacove to ALK lung cancer weaponry

A Chinese player entered the U.S. non-small-cell lung cancer (NSCLC) arena as the U.S. FDA cleared Xcovery Holdings Inc.’s Ensacove (ensartinib) as a first-line therapy for adults with anaplastic lymphoma kinase (ALK)-positive locally advanced or metastatic disease who have not previously received an ALK-inhibitor. Xcovery, of Palm Beach Gardens, Fla., is a subsidiary of Betta Pharmaceuticals Co. Ltd, of Hangzhou, China. Read More
Silhouette of head and brain with DNA double helixes

Sangamo and Astellas link up in a $1.32B AAV deal

Sangamo Therapeutics Inc.’s second large, worldwide licensing deal for its capsid technology in the past five months is with Astellas Pharma Inc. The California-based company is getting $20 million up front and the chance to bring in up to $1.3 billion in fees and milestone payments in an agreement spanning five potential disease targets for gene therapies to treat neurological diseases. Read More

Omeros, Prothena stocks climb on clinical data; Vertex slips

Clinical data reported by a handful of biopharmas on Dec. 19 sent stocks soaring or plunging, as company leaders laid out next-step plans. Investors showed enthusiasm for Omeros Corp.’s narsoplimab to treat hematopoietic stem cell-transplant-associated thrombotic microangiopathy (TA-TMA), and Roche AG’s Parkinson’s prospect prasinezumab, which is partnered with Prothena Corp. plc. Read More
FDA-yellow-dice.png

Uncertainty builds at US FDA with retirements, CR questions

The end of the year will be the end of an era at the FDA, as Bob Temple shuts his door at CDER for the last time Dec. 31. After more than half a century at the FDA’s drug center, Temple has become the backbone of CDER’s new drug program, providing expertise and stability as other personnel have come and gone. Read More
Money-financing

Ottimo’s $140M series A to advance PD-1/VEGF inhibitor

Ottimo Pharma Ltd. is equipped to file an IND and take its lead bifunctional antibody into phase II development, after closing a $140 million series A. The round will accelerate development of jankistomig, which targets the PD-1 immune checkpoint whilst inhibiting tumor angiogenesis by neutralizing vascular endothelial growth factor (VEGF). Read More

Two more biopharma insider trading cases resolved

A principal investigator and a former biopharma executive are the latest to reach settlements with the SEC to resolve charges of insider trading involving drug companies. Sai-Hong Ignatius Ou, of the University of California Irvine, agreed to a judgment ordering him to disgorge more than $1.5 million and to pay a civil penalty of the same amount. In a separate, unrelated settlement, Curt Dewitz, a former executive of an undisclosed biopharma company, agreed to disgorge about $70,383 in unlawful profits. Read More

Appointments and advancements for Dec. 19, 2024

New hires and promotions in the biopharma industry, including: Gelteq, Lexeo, March, Marea, Polyrizon, Sanofi. Read More

Financings for Dec. 19, 2024

Biopharmas raising money in public or private financings, including: Awakn, Siteone, Soleno, Tessera, Xbrane. Read More

In the clinic for Dec. 19, 2024

Clinical updates, including trial initiations, enrollment status and data readouts and publications: Alk-Abello, Aurion, Cognition, Corvus, Ena, Exegi, Hansa, Krystal, Metavia, Mendus, Quoin, Sensorion, Transcode, Viatris, Verastem. Read More

Other news to note for Dec. 19, 2024

Biopharma happenings, including deals and partnerships, grants, preclinical data and other news in brief: Cara, Clarity, Catalent, Eli Lilly, Grit, Holoclara, Inceptor, Novo Nordisk, Photys, Structure, Tvardi, Ultimovacs, Zelluna. Read More

Regulatory actions for Dec. 19, 2024

Regulatory snapshots, including global drug submissions and approvals, clinical trial approvals and other regulatory decisions and designations: Agios, Celltrion, Eli Lilly, Johnson, Praxis. Read More

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