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Biotech

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FDA reversal sinks rare-disease cell therapy after favorable reviews
healthcare9 hours ago

FDA reversal sinks rare-disease cell therapy after favorable reviews

An experimental cell therapy for a rare post-transplant blood cancer, developed by Atara Biotherapeutics and Pierre Fabre, was on track for FDA approval after internal reviewers recommended clearance, but the agency unexpectedly rejected it last month, citing deficient clinical data. Anonymous former agency sources say the decision may reflect leadership changes, marking a sharp reversal that disrupts a treatment expected to help roughly 500 patients in the US each year with a grim prognosis.

Gilead buys Arcellx for $7.8B to bolster CAR-T push against Carvykti
business2 days ago

Gilead buys Arcellx for $7.8B to bolster CAR-T push against Carvykti

Gilead agreed to acquire Arcellx for about $7.8 billion in cash to take full control of the BCMA-targeted CAR-T therapy anito-cel as FDA review proceeds, paying $115 a share—a 68% premium to Arcellx's 30-day VWAP with a $5-per-share contingent payout if global sales reach $6 billion by 2029; the deal aims to sharpen Gilead's cell-therapy portfolio and compete with J&J/Legend's Carvykti, with analysts noting anito-cel's safety profile and potential to restore momentum for Gilead's Kite unit.

Gilead to Acquire Arcellx in $7.8 Billion CAR-T Focused Deal
business3 days ago

Gilead to Acquire Arcellx in $7.8 Billion CAR-T Focused Deal

Gilead will buy Arcellx for $7.8 billion in cash, valuing Arcellx at $115 per share with a 79% premium and expanding their joint development of the anti-cancer CAR-T therapy anito-cel for multiple myeloma. The deal follows Arcellx's collaboration with Kite Pharma, and the FDA is reviewing anito-cel with a decision expected by year-end. The acquisition is expected to be EPS-accretive in 2028 and includes a $5 per share milestone payment if cumulative global net sales of anito-cel reach $6 billion through 2029.

Axpaxli edges Eylea on vision retention with fewer injections, but durability gap narrows
healthcare9 days ago

Axpaxli edges Eylea on vision retention with fewer injections, but durability gap narrows

Ocular Therapeutix reported that Axpaxli met a key endpoint in a Phase 3 wet AMD trial by maintaining patients’ vision with fewer injections than the standard treatment. At 9 and 12 months after a single injection, 74% and 66% of Axpaxli patients maintained vision versus 56% and 44% for low-dose Eylea. While the primary goal was achieved, the durability advantage over Eylea was smaller than investors expected, which could influence the drug’s commercial potential as the company pursues FDA approval.

Vaccine Makers Pause R&D and Trim Jobs as Policy Climate Shifts
business10 days ago

Vaccine Makers Pause R&D and Trim Jobs as Policy Climate Shifts

Moderna is pulling back on late-stage vaccine studies, while other vaccine developers pause projects and cut positions amid a chilling policy environment under health secretary RFK Jr. The trend is illustrated by Moderna pausing trials in Massachusetts, a Texas factory project being canceled, and layoffs at a San Diego manufacturer, signaling a broader slowdown in vaccine development and manufacturing.

Lilly bets on in vivo CAR-T with $2.4B Orna Therapeutics deal
biotech17 days ago

Lilly bets on in vivo CAR-T with $2.4B Orna Therapeutics deal

Eli Lilly agreed to acquire Orna Therapeutics for up to $2.4 billion to gain an in vivo CAR-T platform using engineered circular RNA delivered by lipid nanoparticles, led by ORN-252 targeting CD19 for autoimmune diseases; terms include upfront and milestone-based payments. The deal follows a wave of pharma acquisitions in this space as Lilly expands its genetic medicines pipeline and Orna has drawn funding and collaborations since its 2021 launch.

Merck walks away from Revolution Medicines deal over valuation gap
business1 month ago

Merck walks away from Revolution Medicines deal over valuation gap

Merck ended discussions to acquire Revolution Medicines due to a valuation disagreement, effectively halting the deal. Investor interest in Revolution’s cancer-drug pipeline remains buoyant ahead of several key clinical trial results later this year, with Mizuho Securities estimating Revolution’s pancreatic cancer drug could reach about $10 billion in annual global sales by 2035 if the trials prove successful and safe.

Capricor Advances Deramiocel BLA: FDA Seeks Full HOPE-3 CSR
biotech1 month ago

Capricor Advances Deramiocel BLA: FDA Seeks Full HOPE-3 CSR

FDA has requested the full HOPE-3 clinical study report (CSR) and supporting data to address Capricor’s Complete Response Letter for the Deramiocel BLA; Capricor will submit the CSR and updates in February 2026 to support continued FDA review and a new PDUFA date, following HOPE-3 topline data showing significant skeletal muscle and cardiac improvements in Duchenne muscular dystrophy.