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$Multi-billion biotech deals transform drug pipelines
The Weekly Roundup newsletter curates the top five - deals, pipeline, funding, and news from the past week.
The complete list is available here: Industry Updates
š¤Deals and Collaborations
1ļøā£ InSilicoTrials and AchilleS vaccines partnered to create novel vaccines and antibodies. They will use InSilicoTrialsā immunogenicity tool to predict immune responses to new proteins without animal testing, accelerating development and improving safety.
2ļøā£ LeMaitre will distribute Aziyo Biologicsā cardiovascular patches for 3 years. LeMaitre has an option to acquire Aziyoās worldwide CV patch business in years 2-3.
3ļøā£ BMS signed a $1B+ deal with Tubulius to develop cancer-targeting antibody-drug conjugates (ADCs). BMS gets exclusive rights to Tubuliusā P5 conjugation and Tubutecan ADC platforms.
4ļøā£ GSK acquired BELLUS Health, gaining its late-stage respiratory drug Camlipixant. Camlipixant is a selective P2X3 antagonist, potentially a best-in-class treatment for refractory chronic cough. The deal strengthens GSKās specialty medicines and respiratory pipeline.
5ļøā£ Kane Biotech signed a U.S. distribution deal for its coactiv antimicrobial wound gel. ProgenaCare will commercialize Kaneās coactiv+ wound gel in the U.S. wound care market.
ā« Pipeline and Approvals
1ļøā£ Oncology: China NMPA approves InnoCareās BTK inhibitor, orelabrutinib for the treatment of r/r marginal zone lymphoma.
2ļøā£ Oncology: FDA approves earlier use of Rocheās Polivy in common form of lymphoma.
3ļøā£ Hematology: FDA approves Gamida Cell's allogeneic stem cell transplant therapy.
4ļøā£ Neurology: AbbVie wins FDA approval for new migraine indication.
5ļøā£ Anti-infective: Innoviva's Sulbactam-Durlobactam was unanimously recommended for approval by FDA advisory committee.
š° Funding
1ļøā£ Pharmaessentia closed a $463M GDR offering to fund growth and pipeline development. The funds will support expanding BESREMi sales in the U.S., Japan, South Korea, Europe, and new markets. Pharmaessentia will also develop BESREMi for new cancer indications, advance long-acting cytokines, immunotherapies, and cell therapies.
2ļøā£ Abdera Therapeutics launched with $142M in funding to develop best-in-class radiopharmaceuticals for cancer. Abdera uses its ROVEr platform to engineer tunable radiopharmaceuticals for cancer precision treatments. Funding will advance Abderaās fleet of radiopharmaceutical candidates, with plans to start human trials next year.
3ļøā£ Hasten Biopharma, a China-based startup, raised $315M. The funds will support acquisitions and develop Hastenās innovative drug pipeline.
4ļøā£ Sinopia Biosciences selected its lead drug candidate for Parkinson's and secured funding to start clinical trials. The funds will advance the development of SB-0110, Sinopia's candidate for Parkinson's disease and levodopa-induced dyskinesia.
5ļøā£ Sapphiros received $11M from NIH RADx Tech to develop an OTC molecular test. The funding will advance Sapphirosā high-performance OTC molecular multiplex respiratory diagnostic test. It can detect RSV, flu A, flu B, and COVID-19 in a single test.
š° Interesting News
1ļøā£ A wearable patch uses sound waves to painlessly deliver drugs through the skin. Ultrasonic waves propel drug molecules into the skin, allowing the patch to treat skin conditions.
2ļøā£ Stress accelerates aging, but rest can reverse it, a study found. Research showed that stress increases biological age, while relieving stress reduces or eliminates age acceleration. Chronic stress accelerated aging at a cellular level, but age-related health declines were partially or fully reversible upon stress relief.
3ļøā£ Indian pharma exports to the EU grew 14% from April 2022 to February 2023. Exports reached $4.53B in that period, up from $3.98B in the same months of FY 2022. The EU is now the second largest market for Indian pharma exports after the U.S. Pharma exports to Europe recorded the highest annual growth in the past year.
4ļøā£ A hydrogen inhaler eases lung issues by delivering hydrogen gas, which reduces inflammation and protects cells. Hydrogen inhalation therapy improves respiratory health.
5ļøā£ Researchers built a capsule delivering insulin and proteins without injections. An āoral wonder drugā could replace shots for diabetics. The capsule provides needle-free insulin and could revolutionize diabetes care. Oral protein drugs offer an easy, pain-free option.