The Week in Biopharma, Feb 28-Mar 4

Contract Development and Manufacturing Organizations (CDMO) 

 

Contract Research Organizations (CRO) 
  • 1nHealth, ObvioHealth team to aid firms struggling with decentralized trials (USA) 
  • Biognosys Launches Expanded Suite of Proteomics Platforms to Support Drug Research and Development (Switzerland) 

AI 

 

Biopharma 

  • Element Biosciences Partners with Genoox (USA) 
  • AbbVie Acquires Syndesi for $130M Upfront (USA) 
  • IQVIA, Argenx Partner to Accelerate Clinical Development of VYVGART (USA) 
  • CureVac Launches Company Designed to Advance the RNA Printer (Germany) 
  • Valneva COVID Vax Authorized by the Bahraini NHRA (Bahrain) 
  • Touchlight, Versamebv Enter Development, Manufacturing Pipeline Pact (UK) 
  • Biocon Biologics to Acquire Viatris’ Biosimilars Assets in $3.3B Deal (USA) 
  • Quanterix links up with Eli Lilly for Alzheimer’s blood biomarker testing collaboration (USA) 
  • LevitasBiov Unveils LeviPrep and LeviSelect Product Lines (USA) 
  • Dragonfly Therapeutics Announces Achievement of Phase 1 Clinical Development Milestone for IL-12 Investigational Immunotherapy Program with Bristol Myers Squibb (USA) 
  • Varana Capital leads $17 Million Round in Stämm Biotechv, Joining Draper Associates and Other Current and New Investors (Argentina) 
  • Mission Bio Announces its First Single-Cell Tapestri Center of Excellence for Solid Tumor Research (USA) 
  • NeuroSense Therapeuticsv Granted Key Patent for its ALS Drug PrimeC in Australia (Australia) 
  • RedHill Announces Positive Phase 2 Study Results with Oral RHB-107 in Non-Hospitalized COVID-19 (Israel) 
  • Bold Therapeutics Successfully Completes Phase 1b Trial and Advances into Global Phase 2 Trial of BOLD-100 in the Treatment of Advanced GI Cancers (USA) 
  • Saol Therapeutics and GeneDx, Inc.v Collaborate to Detect Patients with Rare Mitochondrial Disease (USA) 
  • Kintor Pharma Announces First Patient Dosing in Phase II Clinical Trial of KX-826 for Treatment of Androgenic Alopecia Patients in the US (USA) 
  • Emalex Biosciences Expands CNS Platform to Advance Treatment for Restless Legs Syndrome with Augmentation (USA) 
  • ValGenesis and ZeeDimension Partner to Deliver Best-in-Class Digital Validation Solutions for Pharmaceutical Companies in the Middle East (USA/Dubai) 
  • DURECT Corporation Doses First European Patient in Phase 2b AHFIRM Study of Larsucosterol(DUR-928) in Severe Alcohol-Associated Hepatitis (USA) 
  • Lifebit and Boehringer Ingelheimv announce partnership to capture transformational value of health data (UK) 
  • FDA slaps hold on Finch’s C. diff med to get info on COVID-19 screening for donor-derived therapy (USA) 
  • SAB’s shares drop 45% after NIH ditches COVID-19 trial due to waning hospitalizations (USA) 
  • Facing omicron ‘curveball,’ Inovio seeks endpoint switch amid fear it will strike out against original goal (USA) 
  • Novartis backs Epsilogen’s bid to turn ‘Cinderella antibody’ into new class of cancer drug (USA) 
  • Sanofi picks a ‘safe’ bet for Adagene’s antibody tech in $2.5B biobucks tie up (France/China) 
  • Flagship unveils Vesalius with $75M to bankroll ambitious target of treating 90% of human illnesses (USA) 
  • UT Austin scientists design safer Cas9 with improved CRISPR gene editing accuracy (USA) 
  • Palm-sized PCR testmaker Visby ropes in $100M for tenfold production boost (USA) 
  • FDA approves J&J’s allergy-fighting contact lens infused with an antihistamine (USA) 
  • Embark discovers mutation associated with breed-specific hearing loss, in first-ever canine health discovery using commercial testing genetic data (USA) 
  • Prescient Healthcare Group Acquires Strategic North (UK) 
  • Elgan Pharma Announces Positive Results from its Phase III Study of ELGN-GI in Preterm Infants for Treatment of Intestinal Malabsorption (Israel) 
  • Months after IPO, Stevanato Italian vial company lands BARDA investment as government looks to shore up pandemic preparedness (USA) 
  • Domainex Purchases Over $1.3 Million Worth of New Waters Equipment (UK) 
  • IASO Bio’s Nanjing Mfg. Facility Licensed for CAR-T Cell Therapies (China) 
  • BMS Executes Lease for World-Class R&D Building at Alexandria Point (USA) 
  • Helsinn Group, BridgeBio Amend Strategic Infigratinib Collaboration (USA) 
  • Synairgen’s NIH-sponsored COVID-19 trial paused a day after SAB study nixed completely (UK) 
  • Foresite Labs’ new $173M fund to bankroll fewer startups but ‘big ideas’ fueled by data (USA) 
  • Atlas lands $450M fund to build fresh batch of biotechs (USA) 
  • Genome and Company announces Clinical Trial Collaboration with MSD to evaluate ‘GEN-001’ in combination of KEYTRUDA® (pembrolizumab) in phase 2 clinical trial in biliary tract cancer patients (South Korea) 
  • InxMed Raised $50 million in Series B Financing to Advance Innovative Therapies to Drug-resistance Cancers (China) 
  • Circa Scientific has Received FDA Clearance for New Esophageal Temperature Probe that Is Visible on 3D Cardiac Mapping Systems (USA) 
  • uLab™ Completes $20 Million Financing From CareCapital (USA) 
  • AIkido Pharma Reports Improved Manufacturing Process and New United States Patent for Pancreatic Drug (USA) 
  • Inhibrx Receives FDA Orphan-Drug Designation for INBRX-101 for the Treatment of Alpha-1 Antitrypsin Deficiency (USA) 
  • New York State Approves SQI Diagnostics’ EXACT COVID-19 Antibody Assay (USA) 
  • Claudin18.2 CAR T Cells (CT041) Receives Approval to Initiate a Confirmatory Phase II Clinical Trial for advanced GC/GEJ in China (China) 
  • Cystic Fibrosis Foundation Invests in Felix Biotechnology as They Advance New Therapies Targeting Chronic Infections in Cystic Fibrosis (USA) 
  • NephroSant Publishes Real-World Evidence Showing Potential to Improve the Detection of Early Rejection Events with Qsant (USA) 
  • BioLineRx Announces Additional Positive Results from Pharmacoeconomic Study Comparing Motixafortide + G-CSF to Plerixafor + G-CSF in Stem Cell Mobilization (Israel) 
  • Priothera – FDA and EMA Grant Orphan Drug Designation to mocravimod for the treatment of Acute Myeloid Leukemia (AML) in patients undergoing allogeneic hematopoietic stem cell transplantation (HSCT) (Ireland) 
  • Nonprofit Civica goes after insulin prices in a big way, prepping for $30 vials by 2024 (USA) 
  • Aerami Therapeutics Holdings, Inc. and FoxWayne Enterprises Acquisition Corp. Mutually Agree to Terminate Business Combination Agreement (USA) 
  • Aravax Pty Ltd announces opening of IND for Phase 2 clinical trials of PVX108, a next-generation immunotherapy for the treatment of peanut allergy (Australia) 
  • In German-only announcement, Bayer invests $1.5B into native country manufacturing Germany 
  • Ocugen Ends Week on Low as FDA Rejects Covaxin EUA for Kids (USA) 
  • Lannett Announces Receipt of Notice of Non-Compliance from NYSE (USA) 
  • Altamira Therapeutics and Nuance Pharma Enter into Exclusive Licensing and Distribution Agreement for Bentrio in China and Additional Asian Markets (China) 
  • 111, Inc. Reaches Strategic Partnership on Direct Supply with Beilin Pharmaceutical to Blaze New Trails in Digital Development of Chinese Patent Medicine (China) 
  • Eyenovia Strengthens Balance Sheet with a $15 Million Institutional Capital Investment from Armistice Capital Master Fund Ltd. (USA) 
  • Core One Labs’ Akome Biotech Initiates Neurogenesis Stimulation and Modeling Studies: Advancing its Proprietary Psychedelic-based Pharmaceutical Formulations (Canada) 
  • LANNETT Announces sale of liquid drug manufacturing plant and other assets for $10.5 million (USA) 
  • Evofem Completes Enrollment in EVOGUARD Phase 3 Clinical Trial of EVO100 for Prevention of Chlamydia and Gonorrhea in Women (USA) 
  • Junshi Biosciences and Coherus Announce Positive Results from Phase 3 Esophageal Cancer Study of Toripalimab Published in Cancer Cell (China/USA) 
  • Amryt’s shares tumble as FDA stiff-arms skin treatment, a month after EU delay revealed (UK) 
  • Huadong buys into Heidelberg, signs nearly $1B deal to gain access to four cancer assets (Germany) 
  • FDA sticks a fork in Reata’s treatment for chronic kidney (USA) 
  • Deaths in Keytruda combo study spur Celyad to pause trial of off-the-shelf CAR-T cell therapy (Belgium) 
  • Medicago and GlaxoSmithKline (GSK) Plant-based COVID-19 vaccine approved in Canada (Canada) 
  •  
  • Innovent Biologics and AnHeart Therapeutics Receive NMPA Breakthrough Designation for Taletrectinib in ROS1-Positive Non-Small Cell Lung Cancer (USA/China) 
  • Freenome Launches the Vallania Study for the Early Detection of Multiple Cancers (USA) 
  • Seelos Therapeuticsv Announces Dosing of the First Participants in a Registrational Phase II/III Trial of SLS-005 in Amyotrophic Lateral Sclerosis on the HEALEY ALS Platform (USA) 
  • Phase II Clinical Study at Weill Cornell Medical Center Investigating Paxalisib in Combination with Metformin and a Ketogenic Diet Enrolls First Patient (Australia) 
  • Novavaxv Announces Extended Durability of Protection Against Infection and Disease in United Kingdom COVID-19 Vaccine Phase 3 Clinical Trial (USA) 
  • Lyra Therapeutics Announces First Patient Dosed in Pivotal ENLIGHTEN I Clinical Trial of LYR-210 in Chronic Rhinosinusitis Patients (USA) 
  • AbbVie Seeks New Indication for IMBRUVICA® (ibrutinib) in Pediatric Patients with Chronic Graft Versus Host Disease (cGVHD) (USA)