European bios maintain investor allegiance

Today’s Big News

Oct 2, 2023

Early mRNA vaccine breakthrough wins Nobel Prize for medicine, capping off rapid, COVID-fueled rise


'The fundamentals are really strong': Why investors are staying loyal to European biotech in 2023


Infinity comes to an end with Chapter 11 bankruptcy filing 


Analyst applauds Novartis’ ‘faultless’ iptacopan performance in phase 3 kidney trial


Abivax, Lexeo go public while sleep apnea biotech Apnimed bides its time


Eli Lilly slapped with third FDA rejection in 2023, this time for eczema treatment lebrikizumab


Syndax stops pivotal cancer trial early for efficacy but details disappoint, sending stock down


Pneumagen's intranasal flu antiviral stands up to phase 2 human challenge study 


After 2 partners walk away, Syros cuts 35% of workforce and lines up new CEO


Scientists find new autoimmune disease mechanism that explains why B cells self-react 

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Top Stories

Early mRNA vaccine breakthrough wins Nobel Prize for medicine, capping off rapid, COVID-fueled rise

Discoveries that enabled mRNA vaccines against COVID-19 have landed two scientists a Nobel Prize. The Nobel Assembly awarded Katalin Karikó and Drew Weissman the prize for their work on nucleoside base modifications, which underpinned the Moderna and Pfizer-BioNTech vaccines that changed the course of the pandemic.

'The fundamentals are really strong': Why investors are staying loyal to European biotech in 2023

With VC firms Forbion and BioGeneration Ventures announcing their largest biopharma funds to date this year, how is investor interest in European biotechs holding up?

Infinity comes to an end with Chapter 11 bankruptcy filing

After a merger with MEI Pharma was unsuccessful, Infinity Pharma has filed for bankruptcy, just as executives had warned when the deal fell through.

Analyst applauds Novartis’ ‘faultless’ iptacopan performance in phase 3 kidney trial

Novartis’ investigational oral factor B inhibitor has hit its early target in a phase 3 kidney disorder trial, a success that has the pharma readying to submit a request for fast-track FDA approval next year.

Abivax, Lexeo go public while sleep apnea biotech Apnimed bides its time

Abivax and Lexeo are the latest biotechs to go public, each disclosing their plans on Friday. The decisions come as other companies mull whether Wall Street is the best route for more cash.

Eli Lilly slapped with third FDA rejection in 2023, this time for eczema treatment lebrikizumab

The FDA has rejected Lilly’s investigational atopic dermatitis treatment lebrikizumab over findings uncovered during the inspection of a third-party contract manufacturing organization.

Syndax stops pivotal cancer trial early for efficacy but details disappoint, sending stock down

Syndax Pharmaceuticals has stopped a pivotal cancer clinical trial early for efficacy—which sent the biotech's share price down 9%. The negative reaction to superficially positive news reflects the failure to live up to efficacy expectations and the emergence of a safety concern.

Pneumagen's intranasal flu antiviral stands up to phase 2 human challenge study

Pneumagen’s intranasal flu antiviral has stood up to the challenge—a human challenge study, that is. The Scottish company has found that Neumifil reduced the symptomatic infection rate and severity of viral respiratory tract infections during a phase 2 proof-of-concept trial.

After 2 partners walk away, Syros cuts 35% of workforce and lines up new CEO

A few weeks after a second company walked away from Syros Pharmaceuticals, the biotech is laying off 35% of staff and sharpening focus on a medicine for higher-risk myelodysplastic syndrome and acute myeloid leukemia.

Scientists find new autoimmune disease mechanism that explains why B cells self-react

Scientists have found a new piece in the puzzle that explains why B cells self-react in autoimmune disease—and, with it, a potential new treatment strategy.

Carlyle Group emerges as front-runner in $7B Medtronic spinoff deal: Reuters

Nearly a year after Medtronic announced its intent to spin out its patient monitoring and respiratory interventions divisions, the business units have reportedly found a buyer.

Biogen nabs FDA nod for biosimilar version of Roche's blockbuster Actemra

The exact launch timing of the biosimilar remains unclear, but Roche said it expects competition to kick off in the second half of 2023.

Invitae claims FDA nod for blood test that checks for genetic risks of multiple hereditary cancers

While the act of parsing DNA for an inherited, cancer-linked mutation is nothing new, the scale offered by Invitae’s test has defined a new product category going forward, the agency said.
 
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Resources

Webinar

From Lead Optimization to Drug Candidate Triage: A Data-Driven Approach to Drug Discovery

Embark on an in-depth journey through the pivotal Make-Test-Decide Workflow, where collaboration and data-driven decisions play a paramount role in the intricate landscape of drug discovery. Watch now to learn how cloud implementation fosters accessibility and collaboration, revolutionizing research across locations and companies.
eBook

Improving yield and reproducibility with advanced sample prep

Learn how to get better results from suboptimal biospecimens for NGS and protein analysis.
Whitepaper

Ensuring a Reliable Biopharmaceutical Supply in the EU

Economic and regulatory factors are making biopharma supply chains more complex in the EU. This paper explores strategies that biopharma companies can use to better manage complexity, cost, and risk.
Whitepaper

Biology Informatics Solutions Brochure

From Assay Development Through Large Molecule Development. Streamline your R&D workflows and gain valuable insights with our Biology Solutions Brochure. Download now to discover how to control your laboratory workflows across various assay techniques, modalities, and data types.
eBook

An Introduction to Organ-on-a-Chip Technology

Emulate in vivo biology with next-generation in vitro technology.
Whitepaper

Five ways to get the most from your lab and manufacturing facilities

Learn more about how you can improve the productivity of your research and manufacturing operations and accelerate the journey from laboratory to saving lives.

Whitepaper

Unlock potential in buffer preparation

Learn how outsourcing the buffer preparation can reallocate resources to support core activities of your bioprocess production.
Whitepaper

What Are the Benefits of Generative AI for Pharma?

From trial site feasibility and patient populations to data analysis, generative AI has the potential to revolutionize drug discovery and clinical trial recruitment at both the therapeutic area and indication level.
Whitepaper

Discovering High-Affinity, Functional Anti-GLP-1R Antibodies

Learn how a GPCR-focused library with a cell-based biopanning strategy led to the discovery of 13 high-affinity and selective anti-GLP-1R antibodies with highly developable therapeutic properties.

Whitepaper

Transitioning from using RUO to cGMP chemicals for clinical trials

By 2030, the global demand for biologics is projected to grow at a CAGR of 8.7% and the challenges, risks, and costs of bringing large molecule products to market are growing exponentially.

 

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