Featured Stories
AltruBio Secures Series B Funding for Autoimmune Regulator
The San Francisco-based biotech secured $225 million to further develop its immune checkpoint enhancer, ALTB-268. This novel therapy aims to treat autoimmune and inflammatory diseases by regulating overactive immune responses without affecting normal immune defenses.
Biotech Stocks Surge Amid Public Health Concerns Over Avian Flu
A significant rise in biotech stocks has been partly attributed to escalating fears over avian influenza and the ongoing development of related vaccines.
Merck Acquisition Provides Boost to Gene Therapy Capabilities
Merck KGaA announced a definitive agreement to acquire Mirus Bio, strengthening its biopharmaceutical manufacturing and gene therapy capabilities.
Alcami Meets Demand for Parenteral Manufacturing with New RTP & Charleston Fill-Finish Capacity
To meet increased market demand for parenteral manufacturing, leading CDMO Alcami has announced the strategic expansion of its sterile fill-finish manufacturing capabilities and capacity for a total of six fill-finish lines.
Lilly Increases Investment at Indiana Site to $9 Billion to Boost API Production for Weight Loss & Diabetes
The Indianapolis-based drugmaker has announced it will increase its investment at its newest, 600-acre Lebanon, Indiana, site by $5.3 Bn, where it will make tirzepatide, the API used for its type-2 diabetes drug Mounjaro and obesity treatment Zepbound.
Sanofi Teams to Leverage OpenAI & Formation Bio to Boost Biopharma R&D
Sanofi has announced a collaboration with OpenAI, the ChatGPT parent, and Formation Bio, a technology-driven drug developer with a pipeline of drug assets, to accelerate drug development.
New Joint Regulatory Plan to Streamline Biotechnology Oversight
In response to President Biden’s Executive Order 14081, the EPA, FDA, and USDA have jointly unveiled a plan to streamline the regulation of biotech innovations in plants, animals, and microorganisms.
AstraZeneca Targets $80 Billion Revenue by 2030
AstraZeneca has set an ambitious goal to achieve $80 bn in revenue by 2030, following on from their successful strategy that managed to generate $45 bn in revenue in 2023.
BIO Announces Major Restructuring and Staff Reduction
The Biotechnology Innovation Organization (BIO) has announced a significant restructuring initiative, which includes laying off staff to streamline operations to enhance the group's lobbying effectiveness at better supporting the biotechnology industry.
Tourmaline Bio Trials Promising Cardiovascular Therapy
Tourmaline Bio has dosed the first patient in its Phase 2 TRANQUILITY trial for TOUR006, an anti-IL-6 monoclonal antibody aimed at treating atherosclerotic cardiovascular disease (ASCVD) and other cardiovascular conditions.
Breakthrough in Pulmonary Fibrosis Treatment: GRI Bio's Promising Preclinical Results
GRI Bio, Inc. has announced positive preclinical data for its lead program, GRI-0621, in treating Idiopathic Pulmonary Fibrosis (IPF).
What is the Cost of Developing Biologic Drugs?
For the remainder of this decade, the biologics industry could experience significant growth driven by the incidence of chronic diseases and the rise of autoimmune disorders due to aging populations and lifestyle changes – likely to fuel the demand for biologics as treatment options.
WuXi Biologics Withdraws from 2024 BIO Convention Amid Geopolitical Tensions
The move comes amidst increasing geopolitical tensions and a U.S. biosecurity crackdown, in which it was alleged that the company transferred the data of a US client to Beijing ‘without consent’.
Biopharma Demand Continues to Fuel CDMO Services Growth
Novo’s proposed acquisition of Catalent, with the immediate goal of adding capacity for its weight-loss drugs, has rarely been out of the news, whilst a raft of expansions elsewhere has been announced at Thermo Fisher, Alcami, Lonza and Vetter, to list but a few.
Genmab CEO Urges Western Pharma to Leverage Chinese Biotech Innovation
Jan van de Winkel, CEO of one of Europe’s leading biotech companies, Genmab, highlighted the need for Western pharma companies to embrace Chinese biotech innovation, despite growing anti-Chinese sentiment in the US.
Eli Lilly Sues Over Unauthorized Selling of Counterfeit Mounjaro and Zepbound Drugs
U.S.-based drugmaker Eli Lilly has settled with a medi spa that sold counterfeit versions of its diabetes drug Mounjaro and obesity treatment Zepbound.
AbbVie and Gilgamesh Collaborate on Psychiatric Disorder Therapies
The collaboration will focus on advancing novel compounds through clinical development, targeting significant unmet needs in psychiatric health, and includes an option-to-license agreement to develop next-generation therapies.
MRI Technique Detects Bioluminescence in the Brain
Engineers from MIT have developed a novel technique that uses MRI to detect bioluminescence deep in the brain, uncovering blood vessel engineering that dilates in response to light.
Sartorius and Sanofi Collaborate on Bioprocess Intensification
Sartorius has partnered with Sanofi to develop an integrated continuous biomanufacturing (ICB) platform to enhance downstream bioprocessing through the combination of Sartorius' engineering expertise with Sanofi's ICB prototypes and patents.
Pfizer and AZ Announce Significant Stake in French Economy
Pfizer and AstraZeneca announced a combined c.$1 bn in investments in France ahead of the annual 'Choose France' summit. Pfizer will invest $538.5 mn to enhance research and development, while AstraZeneca will invest $388 mn at its Dunkirk site, with both announcements' positive news for President Macron’s efforts to position Paris as a major European business hub.