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NEWS & INSIGHTS

Dive into the Biopharma Space

Stay up-to-date on major biopharma news, deeper dives into specific companies and biopharma themes, and how it all relates to biopharma partners.

Biopharma Bit Size News May 20th - 24th

New $1.5B ADC manufacturing facility & 9 more updates...👇




🤝 → M&A activity

HI-Bio™ & Biogen

🤝 Biogen to acquire HI-Bio for $1.8B acquisition will strengthen Biogen’s immunology portfolio. Acquisition is expected to close in Q3 2024. 


AstraZeneca 

🤝 Invested $1.5B to build its first end-to-end ADC manufacturing facility in Singapore. This state-of-the-art facility will cover the entire ADC production process at a commercial scale and is expected to be operational by 2029. 


🎯 → Approvals

Amphastar

🎯 FDA approves albuterol sulfate for bronchospasm treatment and prevention.


🔬 → New data

Arrowhead Pharmaceuticals 

🔬 Ph1/2 trial of ARO-RAGE treatment in patients with asthma demonstrated a high level of gene knockdown, with serum reduction reaching up to 88%.


Dyne Therapeutics 

🔬 New data reported from ACHIEVE Ph1/2 trial of DYNE-101 in DM1 and DELIVER Ph1/2 trial of DYNE-251 in DMD demonstrating a significant impact on key disease biomarkers and improvement in multiple functional endpoints.


Esperion Therapeutics

🔬 Bempedoic acid met the primary endpoint in a Ph3 trial in Japan for the treatment of hypercholesterolemia, demonstrating a statistically significant reduction in LDL cholesterol compared to placebo. 


Gilead Sciences 

🔬 Interim Ph3 results reported from the seladelpar treatment in patients with PBC showing improved markers of liver disease progression and reduced itching.


Citius Pharmaceuticals 

🔬 Mino-Lok antibiotic lock solution successfully met primary and secondary endpoints in a Ph3 trial, significantly reducing catheter-related bloodstream infections and microbial colonization in patients with central venous catheters.


Zealand Pharma

🔬 Reported positive topline results from the DREAM Ph2 trial of its GLP-1/GLP-2 receptor dual agonist, dapiglutide. Low doses of dapiglutide led to a mean weight loss of up to 4.3% after 12 weeks and were well-tolerated, supporting its potential as a treatment for obesity.


Cogent Biosciences 

🔬 Reported positive updated data from the ongoing Ph3 PEAK trial at ASCO, showing a median progression-free survival of 10.2 months for bezuclastinib + sunitinib in patients with gastrointestinal stromal tumors (GIST). The combination therapy continues to show a promising safety profile.



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Data:

May 20-24, 2024


Article History:

RF, DV, DG, EV (05/24/24)

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