Elevate's $401M round steals '23 fundraising crown

Today's Big News

May 24, 2023

FDA needs more time for Sarepta's DMD gene therapy—spurring a deja vu of Exondys 51


Bayer's acting BD chief lobbies for the job the only way he knows how: by making deals


ElevateBio takes fundraising crown with $401M series D, adds Novo Nordisk to growing army of partners


PTC pulls back from gene therapy, lays off staff after phase 3 fail but still hopes for rare disease approval


From megaround to $16M buyout: Apexigen limps to exit, accepting Pyxis' bid 300 days after going public


Flipping the script on a cancer pathway to regrow nerves and protect the heart

 

Featured

FDA needs more time for Sarepta's DMD gene therapy—spurring a deja vu of Exondys 51

The FDA needs a wee bit more time to consider the approval of Sarepta’s gene therapy for Duchenne muscular dystrophy, however the agency has indicated an accelerated approval is likely in a restricted age group.
12-14
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San Diego, CA
 

Top Stories

Bayer's acting BD chief lobbies for the job the only way he knows how: by making deals

Friedemann Janus, Ph.D., may, as of now, only be leading Bayer’s business development team on an acting basis, but he'd like to lose the "interim" to his title.

ElevateBio takes fundraising crown with $401M series D, adds Novo Nordisk to growing army of partners

Move over, ReNAgade. ElevateBio’s $401 million haul has already knocked the RNA company’s $300 million series A off the fundraising top spot after just one day.

PTC pulls back from gene therapy, lays off staff after phase 3 fail but still hopes for rare disease approval

PTC Therapeutics’ phase 3 Friedreich ataxia (FA) clinical trial has missed its primary endpoint. But, while the biotech is cutting other programs and reducing its head count, it thinks the FA data reveal an active drug and justify opening talks with the FDA about a path to approval in the neurodegenerative disease.

From megaround to $16M buyout: Apexigen limps to exit, accepting Pyxis' bid 300 days after going public

Apexigen’s rapid decline is nearly complete. Three years after its private megaround, and less than 300 days after going public, the biotech has accepted a $16 million buyout bid from Pyxis Oncology.

Flipping the script on a cancer pathway to regrow nerves and protect the heart

Scientists have flipped the script on a common cancer target in an effort to regenerate nerves and protect cardiac tissue from damage. 

The clock's ticking on Stelara: Amgen, J&J ink patent settlement

After the recent high-profile loss of exclusivity for AbbVie's megablockbuster immunology drug Humira, industry watchers' eyes moved to Johnson & Johnson's Stelara as one of the next major drugs expected to face biosimilar competition. Tuesday, the industry got more information about when exactly that clash might occur.

Bioventus seals up $85M sale of wound care business to LifeNet Health

After an attempt to expand its business fell apart earlier this year, Bioventus is downsizing instead.

'Podnosis': The food is medicine movement and the top-paid healthcare and payer execs

This week on "Podnosis," we discuss the history of 'food is medicine' and where the movement has room to grow. We also talk about our special report comparing top-paid health system execs with payer execs.

Innoviva subsidiary Entasis scores FDA nod for bacterial pneumonia combo drug Xacduro

Innoviva subsidiary Entasis has captured an FDA approval for Xacduro, a treatment for hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia. Xacduro targets bacteria known as Acinetobacter baumannii, a pathogen that can cause infections in the blood, urinary tract and lungs (pneumonia).

CMS proposed rule aims to shed light on prescription drug costs for Medicaid

Under this new proposal, Medicaid would have increased ability to hold drug manufacturers accountable for what Medicaid programs pay for drugs, CMS officials said.
 
Fierce podcasts

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'The Top Line': 2023's biopharma layoffs, plus the headlines

This week on "The Top Line," we''ll discuss the recent biopharma layoff trends, plus Elizabeth Holmes, Sarepta Therapeutics, Abbott's FDA approval, and the rest of the week's headlines.

 

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Supply Services to Support Clinical Trials in Japan & Beyond

Explore Catalent’s newest clinical supply facility in Japan, including the comprehensive services & solutions it offers to help support trials both in-country & around the world.
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