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CordenPharma injects €900M to boost GLP-1 manufacturing in US and Europe
In its biggest investment so far, CordenPharma is earmarking €900 million ($982 million) over the next three years to expand its peptide platform capacity in the US and Europe to meet rising GLP-1...
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Alzheimer's biotech Asceneuron raises $100M to see if it can compete with...
A small Swiss biotech has raised a $100 million Series C to start testing its oral small molecule for Alzheimer’s disease in a Phase 2 later this year. Asceneuron, a Merck KGaA spinout, is developing...
View ArticleVertex takes federal government to court over Casgevy fertility treatment...
Vertex sued the federal government on Monday in an effort to expand its fertility support program to certain patients taking its new gene therapy for sickle cell disease and transfusion-dependent beta...
View ArticleCatalYm raises $150M in Series D to repurpose obesity target for cancer
CatalYm has racked up $150 million in an oversubscribed Series D to advance its antibody drug that neutralizes GDF15 — a target previously explored by other drugmakers for weight loss — through Phase...
View ArticleAfter last year's ImmunoGen pact, Vertex finds another conditioning agent...
Vertex is partnering with a US and South Korean biotech to see if it can offer patients a better conditioning agent to make way for an infusion of Casgevy, the biotech’s recently approved sickle cell...
View ArticleBain-backed Cardurion raises $260M to fund ex-Imara drug, buy more cardio assets
Cardurion Pharmaceuticals is going shopping for more cardio drug candidates. The Burlington, MA-based biotech, which launched in 2017 with a Takeda partnership, has raised a $260 million Series B round...
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Sionna licenses clinical-stage cystic fibrosis assets from AbbVie shortly...
Sionna Therapeutics snagged the exclusive worldwide license to three of AbbVie’s cystic fibrosis drug candidates as the biotech aims to beef up its work in the genetic condition and fill gaps not...
View ArticleScorpion raises $150M for next wave of targeted cancer therapies
Scorpion Therapeutics has a fresh $150 million to work with as it moves an experimental breast cancer drug through clinical trials in an effort to best Novartis’ targeted therapy Piqray. This latest...
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A teenager faced constant seizures. Could a drug developed just for him stop...
SAN DIEGO — Connor Dalby’s shrieks filled his playroom, and the rest of the house. The teenager hushed when his mom, Kelley, asked a long-coming question: “Are you ready for the big day tomorrow?” He...
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Q&A: Jefferies analyst Brian Tanquilut talks Walgreens’ retreat from primary...
Retailers have struggled immensely to gain a firm foothold in healthcare delivery. Last month, Walgreens said it’ll cut its stake in primary care chain VillageMD after closing more than 100 clinic...
View ArticleSOTIO, Biocytogen to jointly develop antibodies; Pliant's mid-stage liver...
Plus, news about Vertex, Genomics and Lantheus: SOTIO, Biocytogen team up on antibodies: SOTIO will get the option to license bispecific antibodies designed using Biocytogen’s RenLite platform. These...
View ArticleFDA warns Chinese drugmaker for serious GMP record violations
The FDA on Tuesday released a warning letter sent to China-based drugmaker Jiangsu Hengrui Pharmaceuticals, finding the company failed at multiple levels to ensure its Good Manufacturing Practice (GMP)...
View ArticleAstraZeneca criticizes CMS guidance in appeal over price negotiations
More than four months after losing a legal attempt to overturn parts of the Inflation Reduction Act’s drug price negotiations, AstraZeneca is firing back in a court appeal, arguing that CMS’ latest...
View ArticleFederal judge dismisses Hawaii’s lawsuit against top three PBMs
A federal judge has tossed a lawsuit against the three largest pharmacy benefit managers, pouring cold water on the state of Hawaii’s claim that the companies unlawfully inflate drug prices. Friday’s...
View ArticleLarge group of state attorneys general backs Oregon drug price transparency law
In the latest chapter of years of legal back-and-forth, attorneys general from 20 states and the District of Columbia have asked a federal appeals court to reverse a decision that an Oregon drug price...
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Biotech industry flirts with XBI milestone as it surpasses $100
As bankers and investors were getting their Monday afternoon pick-me-up coffee, they might have noticed a slight upswing in the biotech industry’s main stock index. For an approximately 70-minute...
View ArticleFDA again rejects Orexo's nasal spray for opioid overdose rescue
For a second time, the FDA has turned away Orexo’s nasal spray treatment for opioid overdoses. The company will need to complete another “human factor” study before resubmitting its application, Orexo...
View ArticleAfter a handful of stumbles, argenx doubles down on pipeline-in-a-product...
Five years ago, the Dutch biotech argenx outlined plans to test its drug Vyvgart in more than a dozen autoimmune conditions. By removing the self-sabotaging antibodies believed to be responsible for...
View ArticleRenalys raises $37.8M to take Travere's kidney disease drug into Phase 3...
Japanese biotech Renalys Pharma has raised $37.8 million (¥6 billion) in a Series A round to work on an approval in Japan for the drug Filspari in a rare kidney disease. Renalys took over the rights to...
View ArticleCaribou to slash preclinical allogeneic CAR-NK work, lay off 12% of staff
Caribou Biosciences is cutting its CAR-NK research and laying off 21 employees, or 12% of its staff, the company announced Tuesday. “We are undertaking this reduction to extend our cash runway by...
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