VC warns portfolio biotechs could 'collapse’ amid investor dispute

Today’s Big News

Jul 1, 2025

Argenx signs $1.5B pact to turn Unnatural Products' macrocyclic peptides to 'undruggable' targets


ROR deal: Oncternal sells cancer assets to mystery biotech for $3M, winds down operations


'Emergency' at Apple Tree: VC sues key investor, warns portfolio biotechs are on brink of collapse


Beckley Psytech's psychedelic reduces depression symptoms in phase 2, triggering Atai merger 


Concentra acquires IGM Biosciences, continuing M&A streak with struggling biotechs


Fosun's Henlius pens $202M pact for regional rights to HanchorBio's phase 2 CD47 blocker


BerGenBio, in wake of lead cancer drug's failure, opts to merge with radiopharma Oncoinvent


Sanofi takes up option on Adagene biospecific and invests $25M, shielding partner from runway risk

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Featured

Argenx signs $1.5B pact to turn Unnatural Products' macrocyclic peptides to 'undruggable' targets

Argenx wants to get in on the macrocyclic peptide action, penning a deal worth $1.5 billion in biobucks with Californian biotech Unnatural Products to hunt down “undruggable” targets.
 

Top Stories

ROR deal: Oncternal sells cancer assets to mystery biotech for $3M, winds down operations

Oncternal Therapeutics’ ROR1 programs have gone out with a whimper, offloaded to Ho’ola Therapeutics for $3 million upfront as the biotech winds down its operations.

'Emergency' at Apple Tree: VC sues key investor, warns portfolio biotechs are on brink of collapse

Apple Tree Partners’ life sciences venture fund has filed litigation against its controlling limited partners, claiming the investor has failed to meet its monetary commitments and warning of immediate consequences for its biotech portfolio.

Puerto Rico: The Bioscience Reshoring Powerhouse the Industry Can’t Afford to Miss

With decades of excellence in biosciences, Invest PR’s CEO shares how the island is uniquely positioned to lead the reshoring movement.

Beckley Psytech's psychedelic reduces depression symptoms in phase 2, triggering Atai merger

Beckley Psytech’s psychedelic drug has successfully reduced the symptoms of depression in a phase 2 study, triggering the biotech’s merger with mental health-focused atai Life Sciences.

Concentra acquires IGM Biosciences, continuing M&A streak with struggling biotechs

Concentra Biosciences continues to scavenge for struggling biotechs, this time picking up antibody biotech IGM Biosciences for $1.25 per share.

Fosun's Henlius pens $202M pact for regional rights to HanchorBio's phase 2 CD47 blocker

Fosun Pharma subsidiary Henlius Biotech is paying $10 million upfront for regional rights to HanchorBio’s phase 2 CD47 blocker.

BerGenBio, in wake of lead cancer drug's failure, opts to merge with radiopharma Oncoinvent

BerGenBio, reeling from the failure of its lead cancer drug, has opted to merge with fellow Norwegian cancer biotech Oncoinvent.

Sanofi takes up option on Adagene biospecific and invests $25M, shielding partner from runway risk

Sanofi has doubled down on its partnership with Adagene, investing $25 million in the biotech, taking up its option on a third program and agreeing to sponsor a trial of its partner’s lead candidate.

SCOTUS ruling paves smooth launch path for Gilead's long-acting PrEP med Yeztugo, analyst says

The U.S. Supreme Court ruled to protect a measure of the Affordable Care Act that supports preventative services such as pre-exposure prophylaxis (PrEP) HIV meds, offering good news for Gilead as it launches its long-acting PrEP drug Yeztugo.

DOJ announces largest-ever $14.6B healthcare fraud takedown

The takedown includes charges against 29 individuals alleged to be participating in transnational criminal organizations, who law enforcement said submitted more than $12 billion in fraudulent claims.

CMS says 100K impacted in 'data incident' involving suspicious Medicare accounts

More than 100,000 individuals may have been impacted by a "data incident" where unauthorized Medicare beneficiary accounts were made using their information.
 
Fierce podcasts

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Teva’s CEO shares ‘Pivot to Growth’ progress

In this episode of "The Top Line," Teva CEO Richard Francis shares progress on the company’s “Pivot to Growth” strategy and what lies ahead.
 

Resources

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How Will US Policy Impact the Growth of UK Biotech?

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Specialized Support to Accelerate Biotech Success

Biotech innovation doesn’t slow down—and neither should your lab partner. This brief outlines how early scientific engagement, operational transparency, and integrated global lab services help reduce risk, stay on schedule, and deliver results. Whether you're navigating your first trial or scaling a growing pipeline, see how a purpose-built lab model can help you move smarter and faster.
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Building Peak Performance Go-to-Market Operations

We analyzed ~300 launches to identify the factors most correlated with commercial success & built a framework for peak go-to-market performance.
 

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