| Featured Story | By Annalee Armstrong It’s a meteor shower of billion-dollar deals for MorphoSys today. The cancer- and autoimmune-disease-focused biotech will buy Constellation Pharmaceuticals in a deal valued at $1.7 billion. But that’s not all: MorphoSys has also inked a funding partnership with Royalty Pharma worth a staggering $1.425 billion upfront that will support financing of the Constellation deal. read more |
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Top Stories By Kyle LaHucik Call it a double whammy for Immunovant. The clinical-stage biotech hit another roadblock with its lead drug candidate, IMVT-1401, just as Chief Medical Officer Rita Jain makes an abrupt exit after five months with the company. read more By Kyle LaHucik The FDA told NRx Pharmaceuticals to try again in September when they attempted to obtain authorization for a COVID-19 therapy. Now, the biotech thinks they have the data they need to finally get the nod. Radnor, Pennsylvania-based NRx filed for emergency use authorization yesterday with the FDA for aviptadil-acetate, or Zyesami, to be used in COVID-19 patients with respiratory failure. read more By Nick Paul Taylor Genmab and Bolt Biotherapeutics have teamed up to develop bispecific immune-stimulating antibody conjugates. The collaboration brings together Genmab’s bispecific capabilities with Bolt’s innate immune stimulant platform to create a new type of immuno-oncology drug. read more By Kyle LaHucik In the lead-up to going public later this year, preclinical biotech Renovacor is doing some renovating. The early-stage cardiovascular and central nervous system biotech today said former MyoKardia Chief Medical Officer Marc Semigran, M.D., would step into the same position at Renovacor. Semigran, who was also senior vice president of medical science at MyoKardia through its $13.1 billion exit to Bristol Myers Squibb last year, will manage and direct Renovacor’s global pipeline. read more By Amirah Al Idrus As Lyra Therapeutics shepherds its rhinosinusitis program through the clinic, it’s getting a little help from LianBio. Lyra picks up $12 million upfront in exchange for the exclusive license to develop and commercialize the treatment in China and other Asian markets. Though the upfront fee is modest, Lyra stands to receive up to $135 million down the line. read more By Nick Paul Taylor AB Science has halted clinical trials of masitinib after identifying a potential risk of ischemic heart disease. The cessation of enrollment and treatment initiation deals yet another blow to a drug that has suffered a long string of regulatory setbacks. read more By Conor Hale On the first day for its new CEO, Veracyte is keeping him busy, unveiling an acquisition that aims to dramatically widen the company’s global footprint in cancer diagnostics. The new buy, HalioDx, will serve as a beachhead in Europe and mark its first foray into immuno-oncology testing and kit manufacturing. read more By Noah Higgins-Dunn Moderna has tasked Thermo Fisher Scientific with fill-finish, labeling and packaging duties for its mRNA COVID-19 vaccine at Thermo Fisher’s commercial manufacturing site in Greenville, North Carolina. 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