The Weekly Pill

The Weekly Pill

Share this post

The Weekly Pill
The Weekly Pill
The Weekly Pill
Copy link
Facebook
Email
Notes
More

The Weekly Pill

02/26/24-03/03/24

The Weekly Pill's avatar
The Weekly Pill
Mar 02, 2024
∙ Paid
Share

Hi everyone,

Welcome to all our new subscribers who joined us this week! We're thrilled to have you as part of The Weekly Pill community. Your readership means the world to us. If you could kindly share this newsletter with your friends or coworkers, we would greatly appreciate your support! This resource holds value for a wide range of individuals, including venture capitalists, students, professionals at all levels within pharmaceutical companies, and anyone with a curious mindset eager to learn. Your assistance in this endeavor is greatly appreciated.

I sincerely hope you enjoy reading our newsletter and that it adds value to your understanding of the biotech world. Wishing each of you a blessed week ahead, and I look forward to connecting with you all again next week for another update.

If you really enjoy what we're doing here, consider becoming a paid subscriber to encourage us and gain access to the paid section, which includes insights on upcoming catalysts next week, the most shorted biotech stocks, earnings, market comments, notes and M&A comments. Now let’s dive into last week recap!

The Weekly Pill is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Table of contents

  • How the market performed this week

  • Licenses / Partnerships

  • Clinical trials

  • Financing

  • RIF

  • Disease of the week

  • What I’ve read this week

Paid Content Section

  • Upcoming Catalysts Next Week

  • Reminders

  • Biotech Valuation

  • Most Shorted Biotech Stock as of This Week

  • Market

  • Notes from analysts

  • Venture Capital Market

  • M&A

Share The Weekly Pill

How the market performed this week

ETFs

Gene Therapy

RNA Therapy

Big Pharma

Gainers / Decliners this week in biotech

News of the week

Licenses/Partnerships

  • Arcutis Biotherapeutics, Inc. (ARQT)

    • Event Phase: NDA/BLA

    • Drug: Zoryve

    • Indication: Atopic Dermatitis (Eczema)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Phosphodiesterase 4 (PDE4)

    • LOA: 99%

    • Partner Companies: AstraZeneca PLC (AZN), Huadong Medicine Co., Ltd. (000963), Sato Pharmaceutical Co., Ltd.

    • Source Link: GlobeNewswire

  • Arcutis Biotherapeutics, Inc. (ARQT)

    • Event Phase: III

    • Drug: ZORYVE

    • Indication: Psoriasis

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Phosphodiesterase 4 (PDE4)

    • LOA: 67%

    • Partner Companies: AstraZeneca PLC (AZN), Huadong Medicine Co., Ltd. (000963), Sato Pharmaceutical Co., Ltd.

    • Source Link: GlobeNewswire

  • Arcutis Biotherapeutics, Inc. (ARQT)

    • Event Phase: Approved

    • Drug: Zoryve

    • Indication: Psoriasis

    • Lead Indication: Yes

    • Molecule: Small Molecule

    • Target: Phosphodiesterase 4 (PDE4)

    • LOA: 100%

    • Partner Companies: AstraZeneca PLC (AZN), Huadong Medicine Co., Ltd. (000963), Sato Pharmaceutical Co., Ltd.

    • Source Link: GlobeNewswire

  • Amneal Pharmaceuticals, Inc. (AMRX)

    • Event Phase: NDA/BLA

    • Drug: IPX203

    • Indication: Parkinson's Disease (PD)

    • Lead Indication: Yes

    • Molecule: Small Molecule

    • Target: Aromatic L-amino acid decarboxylase (AADC), Dopamine Receptor - Unspecified

    • LOA: 97%

    • Partner Companies: Zambon Company S.p.A.

    • Source Link: BusinessWire

  • Teva Pharmaceutical Industries Ltd. (TEVA)

    • Event Phase: Approved

    • Drug: Austedo

    • Indication: Huntington's Disease

    • Lead Indication: Yes

    • Molecule: Small Molecule

    • Target: Vesicular monamine transporters (VMATs)

    • LOA: 100%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Bristol Myers Squibb Company (BMY)

    • Event Phase: III

    • Drug: RYZ101

    • Indication: Neuroendocrine Tumors (NET)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Unknown

    • LOA: 44%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Bristol Myers Squibb Company (BMY)

    • Event Phase: I

    • Drug: RYZ101

    • Indication: Small Cell Lung Cancer (SCLC)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Unknown

    • LOA: 5%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Bristol Myers Squibb Company (BMY)

    • Event Phase: Preclinical

    • Drug: RYZ801

    • Indication: Hepatocellular (Liver) Cancer (Including Secondary Metastases)

    • Lead Indication: Yes

    • Molecule: Peptide

    • Target: Glypican 3 (GPC3)

    • LOA: Not specified

    • Partner Companies: Ablaze Pharmaceuticals, PeptiDream Inc. (4587)

    • Source Link: BusinessWire

  • Bristol Myers Squibb Company (BMY)

    • Event Phase: Preclinical

    • Drug: CA9 Program (RayzeBio)

    • Indication: Renal Cell Cancer (RCC)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Carbonic Anhydrase

    • LOA: Not specified

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • FibroGen, Inc. (FGEN)

    • Event Phase: III

    • Drug: Roxadustat

    • Indication: Anemia Due to Chronic Kidney Disease, Dialysis-Dependent

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Hypoxia-Inducible Factor-Prolyl Hydroxylase (HIF-PH)

    • LOA: 59%

    • Partner Companies: Astellas Pharma, Inc. (4503:JP), AstraZeneca PLC (AZN)

    • Source Link: GlobeNewswire

  • FibroGen, Inc. (FGEN)

    • Event Phase: III

    • Drug: Roxadustat

    • Indication: Anemia Due to Chronic Kidney Disease, Dialysis-Independent

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Hypoxia-Inducible Factor-Prolyl Hydroxylase (HIF-PH)

    • LOA: 59%

    • Partner Companies: Astellas Pharma, Inc. (4503:JP), AstraZeneca PLC (AZN)

    • Source Link: GlobeNewswire

  • FibroGen, Inc. (FGEN)

    • Event Phase: III

    • Drug: Roxadustat

    • Indication: Cancer-Related Anemia

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Hypoxia-Inducible Factor-Prolyl Hydroxylase (HIF-PH)

    • LOA: 63%

    • Partner Companies: Astellas Pharma, Inc. (4503:JP), AstraZeneca PLC (AZN)

    • Source Link: GlobeNewswire

  • Lixte Biotechnology Holdings, Inc. (LIXT)

    • Event Phase: II

    • Drug: LB-100

    • Indication: Ovarian Cancer

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: PP2A (Serine/threonine-specific protein phosphatase 2A)

    • LOA: 11%

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • NGM Biopharmaceuticals, Inc.

    • Event Phase: II

    • Drug: Aldafermin

    • Indication: Non-Alcoholic Steatohepatitis (NASH)

    • Lead Indication: No

    • Molecule: Protein

    • Target: Fibroblast Growth Factor Receptor (FGFR)

    • LOA: 9%

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • Merck & Co., Inc. (MRK)

    • Event Phase: II

    • Drug: MK-3655

    • Indication: Non-Alcoholic Steatohepatitis (NASH)

    • Lead Indication: No

    • Molecule: Monoclonal Antibody

    • Target: Fibroblast Growth Factor Receptor (FGFR)

    • LOA: 16%

    • Partner Companies: NGM Biopharmaceuticals, Inc. (NGM)

    • Source Link: GlobeNewswire

Clinical trials (LOA=likelihood of approval)

  • Bristol Myers Squibb Company

    • Symbol: BMY

    • Event Phase: Approved

    • Drug: Zeposia

    • Indication: Multiple Sclerosis (MS)

    • Lead Indication: Yes

    • Molecule: Small Molecule

    • Target: Sphingosine 1-Phosphate Receptor (S1P-R)

    • LOA: 100%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Ironwood Pharmaceuticals, Inc.

    • Symbol: IRWD

    • Event Phase: III

    • Drug: Apraglutide

    • Indication: Short Bowel Syndrome (SBS)

    • Lead Indication: No

    • Molecule: Peptide

    • Target: GLP-2 Receptor

    • LOA: 52%

    • Partner Companies: Asahi Kasei Corporation (AHKSY), Ferring Pharmaceuticals, Swedish Orphan Biovitrum AB (SOBI)

    • Source Link: BusinessWire

  • Immunic Inc.

    • Symbol: IMUX

    • Event Phase: III

    • Drug: vidofludimus calcium

    • Indication: Multiple Sclerosis (MS)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Dihydroorotate Dehydrogenase (DHODH), DNA synthesis, Nuclear receptor related-1 protein (NURR1/NR4A2)

    • LOA: 52%

    • Partner Companies: 4SC AG (VSC)

    • Source Link: PRNewswire

  • Pfizer Inc.

    • Symbol: PFE

    • Event Phase: Approved

    • Drug: Abrysvo

    • Indication: Respiratory Syncytial Virus (RSV) Prevention

    • Lead Indication: Yes

    • Molecule: Vaccine

    • Target: Immune System, RSV, Respiratory Syncytial Virus

    • LOA: 100%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Cardiff Oncology, Inc.

    • Symbol: CRDF

    • Event Phase: II

    • Drug: Onvansertib

    • Indication: Colorectal Cancer (CRC)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Adenosine (including AMP, ADP, and ATP), Polo-like kinase 1 (Plk1)

    • LOA: 12%

    • Partner Companies: Nerviano Medical Sciences SRL

    • Source Link: GlobeNewswire

  • Clene, Inc.

    • Symbol: CLNN

    • Event Phase: II

    • Drug: CNM-Au8

    • Indication: Multiple Sclerosis (MS)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Myelin

    • LOA: 12%

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • Sonnet BioTherapeutics Holdings, Inc.

    • Symbol: SONN

    • Event Phase: II

    • Drug: SON-1010

    • Indication: Solid Tumors

    • Lead Indication: No

    • Molecule: Protein

    • Target: IL-12 (Interleukin-12) and IL-12 receptor, Immune System

    • LOA: 11%

    • Partner Companies: Not specified

    • Source Link: AccessWire

  • Imunon, Inc.

    • Symbol: IMNN

    • Event Phase: Preclinical

    • Drug: IMNN-101

    • Indication: COVID-19 Prevention

    • Lead Indication: Yes

    • Molecule: Vaccine

    • Target: IL-12 (Interleukin-12) and IL-12 receptor, SARS-CoV-2

    • LOA: Not specified

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • Silo Pharma, Inc.

    • Symbol: SILO

    • Event Phase: Preclinical

    • Drug: SPC-15

    • Indication: Post-Traumatic Stress Disorder (PTSD)

    • Lead Indication: No

    • Molecule: Not Specified

    • Target: Serotonin 5-HT4 receptor

    • LOA: Not specified

    • Partner Companies: Columbia University

    • Source Link: GlobeNewswire

  • Palatin Technologies, Inc.

    • Symbol: PTN

    • Event Phase: III

    • Drug: PL-9643

    • Indication: Dry Eye (Ophthalmology)

    • Lead Indication: Yes

    • Molecule: Peptide

    • Target: Melanocortin 1 Receptor (MC1R), Melanocortin-5 Receptor (MC5R)

    • LOA: 50%

    • Partner Companies: Not specified

    • Source Link: PR Newswire

  • Tonix Pharmaceuticals Holding Corp.

    • Symbol: TNXP

    • Event Phase: I

    • Drug: TNX-1500

    • Indication: Kidney Transplant Rejection

    • Lead Indication: No

    • Molecule: Monoclonal Antibody

    • Target: Cluster of Differentiation 154 (CD154) / CD40 Ligand (CD40L) / gp39

    • LOA: 11%

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • IGC Pharma, Inc.

    • Symbol: IGC

    • Event Phase: Preclinical

    • Drug: TGR-63

    • Indication: Alzheimer's Disease (AD)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Amyloid Beta/Amyloid Plaques

    • LOA: Not specified

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Vivani Medical, Inc.

    • Symbol: VANI

    • Event Phase: Preclinical (NPM-115)

    • Drug: NPM-115

    • Indication: Obesity

    • Lead Indication: Yes

    • Molecule: Peptide

    • Target: GLP-1 Receptor

    • LOA: Not specified

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Vivani Medical, Inc.

    • Symbol: VANI

    • Event Phase: IND (NPM-119)

    • Drug: NPM-119

    • Indication: Diabetes Mellitus, Type II

    • Lead Indication: Yes

    • Molecule: Peptide

    • Target: GLP-1 Receptor

    • LOA: Not specified

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • PureTech Health plc

    • Symbol: PRTC

    • Event Phase: I

    • Drug: LYT-200

    • Indication: Acute Myelogenous Leukemia (AML)

    • Lead Indication: No

    • Molecule: Monoclonal Antibody

    • Target: Galectin-9

    • LOA: 5%

    • Partner Companies: Not specified

    • Source Link: FDA

  • Nuvalent, Inc.

    • Symbol: NUVL

    • Event Phase: II

    • Drug: NVL-520

    • Indication: Non-Small Cell Lung Cancer (NSCLC)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: ROS kinase

    • LOA: 11%

    • Partner Companies: Not specified

    • Source Link: PR Newswire

  • Viking Therapeutics, Inc.

    • Symbol: VKTX

    • Event Phase: II

    • Drug: VK2735

    • Indication: Obesity

    • Lead Indication: No

    • Molecule: Not specified

    • Target: GIP Receptor (GIPR)/Glucose-Dependent Insulinotropic Polypeptide Receptor, GLP-1 Receptor

    • LOA: 28%

    • Partner Companies: Not specified

    • Source Link: Not specified

  • Tonix Pharmaceuticals Holding Corp.

    • Symbol: TNXP

    • Event Phase: III

    • Drug: Tonmya

    • Indication: Fibromyalgia

    • Lead Indication: Yes

    • Molecule: Small Molecule

    • Target: Alpha 2 Adrenergic Receptor, Serotonin 5-HT2A receptor

    • LOA: 39%

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • GSK plc

    • Symbol: GSK

    • Event Phase: III

    • Drug: GSK2140944

    • Indication: Urinary Tract and Reproductive Tract Infections (Antibacterial)

    • Lead Indication: Yes

    • Molecule: Small Molecule

    • Target: Gram-Negative Bacteria, Topoisomerase II (DNA gyrase)

    • LOA: 71%

    • Partner Companies: Not specified

    • Source Link: GSK

  • Bayer AG

    • Symbol: BAYN

    • Event Phase: I

    • Drug: BAY 2927088

    • Indication: Non-Small Cell Lung Cancer (NSCLC)

    • Lead Indication: Yes

    • Molecule: Small Molecule

    • Target: EGFR (Epidermal Growth Factor Receptor), HER2/neu or ErbB-2

    • LOA: 5%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • ARS Pharmaceuticals, Inc.

    • Symbol: SPRY

    • Event Phase: II

    • Drug: Neffy

    • Indication: Urticaria

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Alpha Adrenergic Receptors, Beta Adrenergic Receptors

    • LOA: 18%

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • Sanofi

    • Symbol: SNY

    • Event Phase: Approved

    • Drug: Dupixent

    • Indication: Eosinophilic Esophagitis (EoE)

    • Lead Indication: Yes

    • Molecule: Monoclonal Antibody

    • Target: IL-13 (Interleukin-13), IL-4 Receptor (IL-4R)

    • LOA: 100%

    • Partner Companies: Regeneron Pharmaceuticals, Inc. (REGN)

    • Source Link: Journal of Allergy and Clinical Immunology

  • Orexo AB

    • Symbol: ORX

    • Event Phase: I

    • Drug: OX640

    • Indication: Allergy

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Adrenergic Receptor - Unspecified

    • LOA: 10%

    • Partner Companies: Not specified

    • Source Link: Journal of Allergy and Clinical Immunology

  • OSE Immunotherapeutics

    • Symbol: OSE

    • Event Phase: Development Outside U.S.

    • Drug: OSE-279

    • Indication: Solid Tumors

    • Lead Indication: Yes

    • Molecule: Monoclonal Antibody

    • Target: IL-7 (Interleukin-7) and IL-7 receptor (IL-7R), Programmed death-1 receptor (PD-1)

    • LOA: Not specified

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • KalVista Pharmaceuticals, Inc.

    • Symbol: KALV

    • Event Phase: III

    • Drug: Sebetralstat

    • Indication: Hereditary Angioedema (HAE)

    • Lead Indication: Yes

    • Molecule: Small Molecule

    • Target: Kinin-Kallikrein System

    • LOA: 70%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Matinas BioPharma Holdings, Inc.

    • Symbol: MTNB

    • Event Phase: II

    • Drug: MAT-2203

    • Indication: Fungal Infections - Systemic

    • Lead Indication: No

    • Molecule: Small Molecule with Liposomal Delivery System

    • Target: Cell Membrane, Sterols

    • LOA: 23%

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • Tenaya Therapeutics, Inc.

    • Symbol: TNYA

    • Event Phase: Preclinical

    • Drug: TYA-018

    • Indication: Chronic Heart Failure - Preserved Ejection Fraction (Chronic HFpEF)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Histone Deacetylase (HDAC)

    • LOA: Not specified

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

  • Janux Therapeutics

    • Symbol: JANX

    • Event Phase: I

    • Drug: JANX007

    • Indication: Prostate Cancer

    • Lead Indication: Yes

    • Molecule: Cellular

    • Target: Prostate-specific Membrane Antigen (PSMA)/Folate hydrolase (FOLH1)

    • LOA: 5%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Janux Therapeutics

    • Symbol: JANX

    • Event Phase: I

    • Drug: JANX008

    • Indication: Solid Tumors

    • Lead Indication: No

    • Molecule: Cellular

    • Target: EGFR (Epidermal Growth Factor Receptor)

    • LOA: 5%

    • Partner Companies: Not specified

    • Source Link: BusinessWire

  • Tenaya Therapeutics, Inc.

    • Symbol: TNYA

    • Event Phase: I

    • Drug: TN-301

    • Indication: Chronic Heart Failure - Preserved Ejection Fraction (Chronic HFpEF)

    • Lead Indication: No

    • Molecule: Small Molecule

    • Target: Histone Deacetylase (HDAC)

    • LOA: 5%

    • Partner Companies: Not specified

    • Source Link: GlobeNewswire

Financing events

  1. Absci (NAS: ABSI) - Public Investment 2nd Offering

    • Deal Date: 27-Feb-2024

    • Deal Type: Public Investment 2nd Offering

    • Deal Size: $75.15 million

  2. Alamar Biosciences - Later Stage VC

    • Deal Date: 26-Feb-2024

    • Deal Type: Later Stage VC

    • Deal Size: $128 million

  3. Applied Therapeutics (NAS: APLT) - PIPE

    • Deal Date: 27-Feb-2024

    • Deal Type: PIPE

    • Deal Size: $100 million

  4. Avidity Biosciences (NAS: RNA) - PIPE

    • Deal Date: 29-Feb-2024

    • Deal Type: PIPE

    • Deal Size: $251.2 million

  5. Crinetics Pharmaceuticals (NAS: CRNX) - PIPE

    • Deal Date: 28-Feb-2024

    • Deal Type: PIPE

    • Deal Size: $350 million

  6. Curve Therapeutics - Early Stage VC

    • Deal Date: 27-Feb-2024

    • Deal Type: Early Stage VC

    • Deal Size: GBP 40.5 million

  7. Denali Therapeutics (NAS: DNLI) - PIPE

    • Deal Date: 27-Feb-2024

    • Deal Type: PIPE

    • Deal Size: $500 million

  8. Diagnos (TSX: ADK) - PIPE

    • Deal Date: 27-Feb-2024

    • Deal Type: PIPE

    • Deal Size: CAD 1.2 million

  9. Egenesis - Later Stage VC

    • Deal Date: 27-Feb-2024

    • Deal Type: Later Stage VC

    • Deal Size: $25.42 million

  10. EsgMax - Seed Round

    • Deal Date: 29-Feb-2024

    • Deal Type: Seed Round

    • Deal Size: EUR 700,000

  11. Greenbrook TMS (PINX: GBNHF) - Public Investment 2nd Offering

    • Deal Date: 26-Feb-2024

    • Deal Type: Public Investment 2nd Offering

    • Deal Size: $1.20 million

  12. Hemogenyx Pharmaceuticals (LON: HEMO) - PIPE

    • Deal Date: 29-Feb-2024

    • Deal Type: PIPE

    • Deal Size: GBP 3.33 million

  13. Kenai Therapeutics - Early Stage VC

    • Deal Date: 29-Feb-2024

    • Deal Type: Early Stage VC

    • Deal Size: $82 million

  14. Mainstay Medical - Later Stage VC

    • Deal Date: 26-Feb-2024

    • Deal Type: Later Stage VC

    • Deal Size: $125 million

  15. Matter (Services (B2C Non-Financial)) - Later Stage VC

    • Deal Date: 26-Feb-2024

    • Deal Type: Later Stage VC

    • Deal Size: $26 million

  16. Newtopia (TSX: NEWU) - PIPE

    • Deal Date: 29-Feb-2024

    • Deal Type: PIPE

    • Deal Size: $746,000

  17. NRx Pharmaceuticals (NAS: NRXP) - Public Investment 2nd Offering

    • Deal Date: 28-Feb-2024

    • Deal Type: Public Investment 2nd Offering

    • Deal Size: $1.50 million

  18. Orbis Medicines - Seed Round

    • Deal Date: 29-Feb-2024

    • Deal Type: Seed Round

    • Deal Size: EUR 26 million

  19. Prolocor - Seed Round

    • Deal Date: 27-Feb-2024

    • Deal Type: Seed Round

    • Deal Size: $4.9 million

  20. PulseSight Therapeutics - Seed Round

    • Deal Date: 28-Feb-2024

    • Deal Type: Seed Round

  21. Pyxis Oncology (NAS: PYXS) - PIPE

    • Deal Date: 27-Feb-2024

    • Deal Type: PIPE

    • Deal Size: $50 million

  22. RaaS (Decision/Risk Analysis) - Seed Round

    • Deal Date: 29-Feb-2024

    • Deal Type: Seed Round

    • Deal Size: $5 million

  23. Revive Therapeutics (CNQ: RVV) - PIPE

    • Deal Date: 26-Feb-2024

    • Deal Type: PIPE

    • Deal Size: CAD 2.1 million

  24. Sonichem - Later Stage VC

    • Deal Date: 29-Feb-2024

    • Deal Type: Later Stage VC

    • Deal Size: GBP 1.2 million

  25. Sonichem - Series A VC

    • Deal Date: 29-Feb-2024

    • Deal Type: Series A VC

  26. vTv Therapeutics (NAS: VTVT) - PIPE

    • Deal Date: 28-Feb-2024

    • Deal Type: PIPE

    • Deal Size: $51 million

  27. Yuva Biosciences - Seed Round

    • Deal Date: 26-Feb-2024

    • Deal Type: Seed Round

    • Deal Size: $7.5 million

Reduction in force (RIF)

 February 29 - Kineta: After a strategic review, the small oncology biotech is conducting a corporate restructuring and reducing its workforce by 64%, or seven positions, including CEO Shawn Iadonato, Ph.D. Story

February 28 - Johnson & Johnson: The pharma is closing a nearly 200,000 square-foot R&D outpost in Brisbane, California, less than 18 months after it opened. In conjunction with the closure, the company has implemented 55 permanent layoffs that will go into effect by April 26. Story

February 28 - ObsEva: With its money and options dwindling, ObsEva has finally decided to wind down operations and lay off all employees. Story

February 28 - Nicox: The ophthalmology biotech has agreed to an amendment to the repayment of a $14.5 million debt with Kreos Capital, which will extend the company’s cash runway to November. But, to secure this deal, Nicox had to agree to “reduce its operations in France and Italy” as well as cut operating costs and restructure the company. Story

February 28 - Longeveron: The regenerative medicine biotech is discontinuing a phase 2 trial of its lead candidate Lomecel-B in aging-related frailty in Japan, a move that will result in “related staff reductions” that the company listed as part of “cost-saving measures.” Story

February 26 - Denali Therapeutics: The biotech is reorganizing, laying off an undisclosed number of workers and sending some to a new spin-out. A company spokesperson said the workforce reduction was “considerably less than 10%” of the total team. Story

Disease of the week

Guillain-Barré syndrome (GBS) is a rare but serious autoimmune disorder affecting the peripheral nervous system, characterized by rapid onset muscle weakness, occasionally progressing to paralysis. Here's a detailed overview:

Guillain-Barre syndrome | Healthify

Causes:

  • GBS occurs when the body's immune system mistakenly attacks the peripheral nerves, damaging the myelin sheath (the protective covering of nerves) or the nerves themselves.

  • The exact cause is often unknown, but it is frequently preceded by an infection, typically a bacterial or viral infection like Campylobacter jejuni, Epstein-Barr virus, cytomegalovirus (CMV), or Zika virus.

  • It can also sometimes occur after surgery or vaccination.

Symptoms:

  • GBS often starts with tingling or weakness in the legs, which can quickly spread to the arms and upper body.

  • Symptoms typically progress rapidly, reaching their peak within a few weeks.

  • Common symptoms include muscle weakness or paralysis, difficulty with eye movements, difficulty speaking, difficulty swallowing, and sometimes even difficulty with breathing.

Types:

  • The most common form is acute inflammatory demyelinating polyneuropathy (AIDP), where the immune system attacks the myelin sheath of nerves.

  • Another form is acute motor axonal neuropathy (AMAN), where the immune system attacks the nerve axons themselves.

  • There are other less common variants as well, including acute motor-sensory axonal neuropathy (AMSAN) and Miller Fisher syndrome.

Diagnosis:

  • Diagnosis is based on the patient's symptoms, physical examination, and sometimes electrophysiological studies such as nerve conduction studies and electromyography (EMG).

  • Lumbar puncture (spinal tap) may also be done to analyze cerebrospinal fluid for signs of inflammation.

Treatment:

  • There is no cure for GBS, but treatments can help speed up recovery and reduce the severity of symptoms.

  • The mainstay of treatment is intravenous immunoglobulin (IVIG) or plasmapheresis (plasma exchange), which help to reduce the immune system's attack on the nerves.

  • Supportive care such as physical therapy, occupational therapy, and respiratory support may be necessary, especially if there is paralysis or difficulty breathing.

Prognosis:

  • Most people with Guillain-Barré syndrome eventually recover, although the recovery process can be slow and may take weeks to months.

  • Some individuals may experience residual weakness or other long-term complications.

  • In severe cases, complications such as respiratory failure or autonomic dysfunction can be life-threatening.

What I’ve read this week
*Click on the pic to read*

Paid section

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 The Weekly Pill
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More