Obesity biotech Metsera clinches $215M

Today’s Big News

Nov 13, 2024

Hidden data on obesity prospect wipe $12B off Amgen market cap


BioNTech pays $800M to take control of potential Keytruda killer


High-flying Metsera follows phase 1 weight loss data with $215M series B raise


FDA hits Kezar's zetomipzomib program with 2nd clinical hold in 2 months


Syros flunks phase 3 blood cancer trial, triggering loan default and share-price plunge


It’s all about the Journey: Entero inks reverse merger with ADC rival biotech


Ovid pauses phase 2 plans for ROCK2 inhibitor to mull mixed data from Recursion's rival drug


Syndax’s small molecule underwhelms investors in midstage acute leukemia trial, sending stock down 22% 


Sanofi, Formation and OpenAI design AI tool to slash clinical trial timelines 


Fierce Biotech Fundraising Tracker '24: TRexBio roars with $84M series B; Metsera brings in hefty $215M raise

The Top Line Podcast: Don’t miss out on the newest episode. Listen now.

 

Featured

Hidden data on obesity prospect wipe $12B off Amgen market cap

A hidden tab in an Excel spreadsheet published nine months ago has wiped $12 billion off Amgen’s market cap. The tab contains data on bone density changes in patients who received Amgen’s obesity prospect MariTide in a phase 1 trial.
 

Top Stories

BioNTech pays $800M to take control of potential Keytruda killer

BioNTech is upping its bet on a PD-L1xVEGF-A bispecific, paying $800 million upfront to buy its Chinese partner Biotheus and secure full rights to a leading prospect in the white-hot immuno-oncology space.

High-flying Metsera follows phase 1 weight loss data with $215M series B raise

Metsera is riding the wave of continued enthusiasm for GLP-1 drugs and its own early-stage data to bring in a hefty $215 million series B fundraise.

Vaccinating Against Cancer Cells and Reprogramming the Tumor Microenvironment That Protects Them

Making the tumor microenvironment hostile to cancer cells and immune-suppressive cells may transform the cancer treatment landscape.

FDA hits Kezar's zetomipzomib program with 2nd clinical hold in 2 months

The agency has placed a partial hold on the phase 2a PORTOLA trial evaluating the selective immunoproteasome inhibitor zetomipzomib in 24 patients with autoimmune hepatitis

Syros flunks phase 3 blood cancer trial, triggering loan default and share-price plunge

Syros Pharmaceuticals’ blood cancer prospect tamibarotene has failed another study, triggering a default on a loan and wiping 85% off the share price of the beleaguered biotech.

It’s all about the Journey: Entero inks reverse merger with ADC rival biotech

After laying off all nonessential workers and halting nonessential R&D work this summer, Entero Therapeutics is inking a reverse merger with antibody drug conjugate (ADC) rival biotech Journey Therapeutics.

Ovid pauses phase 2 plans for ROCK2 inhibitor to mull mixed data from Recursion's rival drug

Ovid Therapeutics is pumping the brakes on a planned phase 2 trial for its ROCK2 inhibitor in a type of brain lesion while it considers any lessons to be learned from the mixed readout of Recursion’s rival candidate.

Syndax's small molecule underwhelms investors in midstage acute leukemia trial, sending stock down 22%

While awaiting an FDA decision for its small molecule revumenib in one form of acute leukemia, Syndax Pharmaceuticals is trying to build a case for its candidate in another. Though the drug met its primary endpoint in the phase 2 portion of a phase 1/2 trial, the results failed to impress investors, sending Syndax’s stock down 22%.

Sanofi, Formation and OpenAI design AI tool to slash clinical trial timelines

There’s a new Muse in town. Sanofi, Formation Bio and OpenAI have joined forces to build an AI-powered tool designed to improve drug development by speeding up clinical trial recruitment.

Fierce Biotech Fundraising Tracker '24: TRexBio roars with $84M series B; Metsera brings in hefty $215M raise

Welcome to Fierce Biotech's Fundraising Tracker, 2024's version.

Insilico's AI-designed med tied to respiratory health improvements in midstage lung disease trial

Insilico Medicine plans to push its computer-designed drug into pivotal clinical trials after a phase 2a study demonstrated improvements in a respiratory health measure for patients with idiopathic pulmonary fibrosis.

After election, FDA's Califf lays out hopes for his Trump-appointed successor

The current FDA commissioner said that Trump’s first FDA head, Scott Gottlieb, was the perfect choice at the time.

Medable adds generative AI to clinical trial platform to speed up creation of outcome assessments

Medable is bringing generative AI into its clinical trial platform in hopes that the tech will reduce the burden of repetitive tasks on trial sponsors, the company announced in a Nov. 12 release.
 
Fierce podcasts

Don’t miss an episode

Dig into this year’s Fierce Biotech Graveyard, layoff numbers

This week on "The Top Line," we take a closer look at this year’s biotech graveyard, which tracks biotechs that have closed or are winding down. 
 

Resources

Whitepaper

Straight to Market in an Autoinjector

The use of prefilled syringes to administer biotherapeutics is beginning to gain traction because they offer a range of stability, efficacy, and patient safety benefits. Download this white paper to learn how Lonza has developed a novel workflow to ensure confidence regarding functionality in PFS and autoinjectors.
Whitepaper

Single Cell RNA Profiling FFPE Tissue

Explore the robust cross-platform agreement between scRNA-seq and bulk RNA-seq, ensuring consistent and reproducible data on immune cell presence.
Whitepaper

7 “Make or Break” Factors for Emerging Biopharma Companies

This e-book explores 7 factors that are critical to the success of emerging biopharma companies, whether they plan to out-license, partner, or launch & commercialize products. It’s an essential resource for emerging companies with products in all stages of development.
Whitepaper

Intensified Biomanufacturing

Unlock the secrets to faster, cost-effective biologics production with intensified biomanufacturing – download the whitepaper and power up your bioprocessing game!
Whitepaper

Is That Heart Attack Really an Adverse Event?

Discover how independent adjudication can safeguard your clinical trials from misidentified adverse events and enhance the credibility of your results.
Whitepaper

Planning for success in cell-based manufacturing

Learn how to evaluate quality documentation to help you select the right raw materials at early decision points for your cell-based manufacturing processes.
 

Industry Events

On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

Upcoming Fierce Events

18-19
Nov
Free Virtual Event
20
Nov
Free Virtual Event
4
Dec
Free Virtual Event
5
Dec
The Lighthouse at Pier 61 in New York City
14-15
Jan
San Francisco, CA

View all events