Plus, news about Scynexis, Step Pharma, Eradivir, J&J, Omnix Medical and Mission Therapeutics:
💼
Boehringer Ingelheim does another cancer deal:
The German drugmaker will pay up to
$991 million
to Seoul-based AimedBio for access to an antibody-drug conjugate that is slated to enter Phase 1 next year. The companies didn’t disclose any details about the ADC, other than saying it’s for cancer. Boehringer has done a series of deals in recent years to boost its oncology footprint, including with
Nerio Therapeutics
,
Tessellate Bio
and Accent Therapeutics.
— Kyle LaHucik
👁️ EyePoint Pharmaceuticals’ $150M offering:
The company
is selling
11 million shares for $12.00 apiece to help progress Duravyu as a treatment for wet age-related macular degeneration and diabetic macular edema.
— Jaimy Lee
💰 Scynexis gets $22M from GSK, to terminate Phase 3 trial:
The biotech
said
the payment resolves a dispute with the British drugmaker, and it will now wind down the late-stage study testing SCY-247 in invasive candidiasis. The companies will continue to work together on vaginal infection drug Brexafemme, which
was pulled from the market
in 2023 over contamination concerns. The payment extends Scynexis’ cash runway for two years. Its stock price
$SCYX
was up 6% at market open on Wednesday.
— Jaimy Lee
💶
Step Pharma’s €38M Series C:
The money will
help the French biotech
continue work on its early-phase CTPS1 inhibitor called dencatistat in certain blood cancers and solid tumors. The raise was led by new investor V-Bio Ventures, with existing investors Bpifrance, Hadean Ventures, Inserm Transfert Initiative, Kurma Partners, Pontifax Venture Capital and Sunstone Life Science Ventures also pitching in. The biotech raised
€35 million
in 2021.
— Reynald Castaneda
Hello
Victoria Ward
,
Endpoints is fielding its next
Pulse Poll
— a one-minute check-in on how artificial intelligence is reshaping biopharma.
Results are confidential and will feed into our coverage of AI's real-world impact.
Hello
Victoria Ward
,
Endpoints is fielding its next
Pulse Poll
— a one-minute check-in on how artificial intelligence is reshaping biopharma.
Results are confidential and will feed into our coverage of AI's real-world impact.
Hello
Victoria Ward
,
Endpoints is fielding its next
Pulse Poll
— a one-minute check-in on how artificial intelligence is reshaping biopharma.
Results are confidential and will feed into our coverage of AI's real-world impact.
Hello
Victoria Ward
,
Endpoints is fielding its next
Pulse Poll
— a one-minute check-in on how artificial intelligence is reshaping biopharma.
Results are confidential and will feed into our coverage of AI's real-world impact.
Hello
Victoria Ward
,
Endpoints is fielding its next
Pulse Poll
— a one-minute check-in on how artificial intelligence is reshaping biopharma.
Results are confidential and will feed into our coverage of AI's real-world impact.
Hello
Victoria Ward
,
Endpoints is fielding its next
Pulse Poll
— a one-minute check-in on how artificial intelligence is reshaping biopharma.
Results are confidential and will feed into our coverage of AI's real-world impact.
Hello
Victoria Ward
,
Endpoints is fielding its next
Pulse Poll
— a one-minute check-in on how artificial intelligence is reshaping biopharma.
Results are confidential and will feed into our coverage of AI's real-world impact.
Hello
Victoria Ward
,
Endpoints is fielding its next
Pulse Poll
— a one-minute check-in on how artificial intelligence is reshaping biopharma.
Results are confidential and will feed into our coverage of AI's real-world impact.
🌡
Eradivir’s flu candidate clears Phase 2a trial:
Influenza patients treated with a 300 mg dose of the biotech’s EV25
demonstrated
a “significant reduction” in symptom duration and severity compared with placebo. Furthermore, more than 80% of placebo patients went on to develop lower respiratory tract infection versus about 35% of treated patients. Eradivir said it is planning to start a large Phase 2b study in the US and Europe during next year’s flu season. —
Ayisha Sharma
⚠️ Johnson & Johnson’s Carvykti gets black box warning for intestinal inflammation:
The FDA
added
the warning for immune effector cell-associated enterocolitis following cases reported in clinical trials and post-marketing data. The agency noted that some cases resulted in death from gut perforation and sepsis. The multiple myeloma CAR-T therapy’s label was also updated with overall survival benefit. J&J and Legend Biotech developed Carvykti.
— Lei Lei Wu
💰 Omnix Medical’s $25M Series C:
The Israeli company
said
the round was co-led by Harel Insurance & Finance and the EIC Fund. It’s developing a drug called OMN6 to treat infections caused by
Acinetobacter baumannii
and other Gram-negative bacteria.
— Jaimy Lee
💸 Mission Therapeutics corrals $13.3M:
The Cambridge, UK-based drugmaker will use the proceeds
to run a Phase 1b
study to investigate its lead asset, codenamed MTX325, for Parkinson’s disease. The study is set to start in the first half of 2026. Its latest raise is from existing investors.
— Reynald Castaneda