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Today's Rundown

Featured Story

Sanofi’s BTK inhibitor flunks phase 3 autoimmune trial, delivering blow to $3.7B biotech bet

Chalk up a pyrrhic victory for the Principia Biopharma short sellers. After arguing Principia’s pipeline was worthless, short sellers saw Sanofi snap up the biotech at a hefty premium in a $3.7 billion deal. Now, rilzabrutinib, one of Principia’s key candidates, has flunked its first major clinical test.

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Top Stories

FDA slams the door in Humanigen’s face, rejects emergency use green light, wants more data

After riding high in 2021 on some broadly positive COVID data and high hopes for a speedy authorization, Humanigen has come crashing back down to earth.

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Eli Lilly follows up MiNA pact with a 2nd $1B-plus RNA collab, this time with ProQR

Eli Lilly is doubling down on RNA research as it pens another major biobucks pact with a small but promising biotech in the gene-silencing space.

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Ex-Dermira founders pick up $83M for Evommune to advance programs in-licensed from Lilly's Dermira

Founded by ex-Dermira founders, Evommune has secured $83 million in series A financing to advance three programs in-licensed from Eli Lilly's Dermira and another from Axcelead. The programs tackle atopic dermatitis, psoriasis, rosacea and itching and the first is slated to enter the clinic by year's end.

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Obsidian bags $115M to untether cell therapy from toxic sidekick

Obsidian Therapeutics has raked in $115 million to realize the long-unfulfilled therapeutic promise of tumor-infiltrating lymphocytes (TILs). The series B gives Obsidian a shot at showing whether freeing TILs from IL-2 can finally unleash power that research has hinted at for almost 30 years.

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Mammoth Bio scores $195M top-up to supercharge CRISPR diagnostics, medicines

On the back of a busy year, Mammoth Biosciences is getting a $195 million boost, which will ramp up the development of its gene-editing pipeline, as well as fuel its work in CRISPR-based diagnostics.

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Lilly-backed Lycia Therapeutics nabs $70M round for its protein degradation tech

Lycia Therapeutics has grabbed a $70 million series B for its next-generation degradation approach to zero in on the untapped extracellular proteome that could target a host of diseases.

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Lexeo keeps foot on the gas pedal with $100M financing to follow up Stelios buy

Lexeo Therapeutics isn’t wasting any time. The gene therapy biotech, which emerged in January with an all-star team of industry veterans, has raised $100 million to advance a pipeline of treatments for genetic cardiovascular and central nervous system conditions.

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iECURE emerges with $50M to search for 'holy grail' and 'untapped frontier' of gene editing

iECURE is emerging from stealth with $50 million and a mission to go after the "holy grail" of gene editing with an in vivo approach that is mutation agnostic. The biotech will use the funds for a slate of gene insertion programs for liver disorders out of the lab of gene therapy pioneer Jim Wilson, M.D., Ph.D. at the University of Pennsylvania. 

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Amyloidosis biotech Attralus scores $116M for handful of treatments, imaging agent

Attralus Therapeutics has scored $116 million to bring a handful of amyloidosis therapies into the clinic along with an accompanying radiotracer diagnostic imaging agent. 

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Theranos founder Elizabeth Holmes’ defense paints her as a ‘naive’ but ambitious CEO in fraud trial opening statement

The defense’s opening statement described Holmes as a pioneering leader who shared the “fake it ‘til you make it” mentality typical of other Silicon Valley startups but, due to her lack of experience, “naively underestimated” some of the challenges that arose in Theranos’ path to scientific viability.

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Science 37 teams up with Roche’s Foundation Medicine to boost home-based oncology trials

Cancer trials typically have to be done within a hospital or community healthcare setting, but Science 37 and Roche’s genomics unit Foundation Medicine are teaming up to move some of this to an at-home setting.

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BioNTech reports promising data on mRNA cocktail in mouse models of colon cancer and melanoma

A BioNTech-led team designed a cocktail of mRNAs that instruct cells to produce four cancer-fighting molecules. The treatment suppressed tumors in mouse models of colon cancer and melanoma, and it worked even better when combined with checkpoint inhibiting drugs, they reported in a new study.

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Sanford Health receives $350 million for virtual care center to support rural health

The virtual care center will serve patients in Sanford Health’s network, and will also be the home base of several innovation, education and research initiatives aimed at advancing digital healthcare.  

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eBrief: Drug Product Process Development: Ensuring a Consistent, High-quality Biologic

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Whitepaper: Achieving a Successful Drug Product Technology Transfer

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