🧬 Michael Basham, MBA, MS’ Post

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Sales and Marketing | MBA, Biopharmaceutical Marketing

🚀 Top 10 Recent Developments in the Biotechnology and Pharmaceutical Industry👇 🧬 Beacon Therapeutics Raises $170M in Series B Funding: Beacon Therapeutics secures substantial funding to advance its innovative work in biotechnology, focusing on groundbreaking treatments for genetic eye diseases and neurological disorders. 💊 Pentixapharm AG Acquires Glycotope GmbH’s Antibody Discovery Arm: Strategic acquisition by Pentixapharm enhances its capabilities with Glycotope’s antibody discovery division, bolstering its oncology pipeline and expanding its research into novel cancer treatments . ✅ Johnson & Johnson Receives FDA and EMA Approval for Multi-Drug Resistant TB Therapy: Johnson & Johnson achieves significant regulatory milestones in the battle against tuberculosis, with approvals from both the FDA and EMA for its new therapy designed to combat multi-drug resistant TB strains. 😷 CureVac Sells Covid-19/Flu Assets and Implements Layoffs: CureVac undergoes major changes, selling its Covid-19 and flu assets as part of a strategic shift, and implementing layoffs to streamline operations and refocus on other core areas of mRNA technology . 🤝 Merck Group (EMD Group) Bets on AI Drug-Design Pacts, Rules Out M&A: Merck focuses on artificial intelligence partnerships for drug design, aiming to leverage AI technology to accelerate drug discovery and development while moving away from traditional mergers and acquisitions. 📈 Ipsen Boosts Cancer Research With Marengo Therapeutics Partnership: Ipsen invests up to $1.2 billion in expanding its oncology research partnership with Marengo Therapeutics, utilizing Marengo’s TriSTAR platform to develop novel immunotherapies for cancer treatment . ❌ eFFECTOR Therapeutics, Inc. Announces Complete Shutdown: Biotech company eFFECTOR announces a complete shutdown due to financial difficulties, marking a challenging period for employment in the biotech industry and reflecting broader market struggles. 💰 Emerging Biotech Artiva Biotherapeutics Prices $167M IPO: Artiva, an immune cell therapy company, prices its IPO at $167M, highlighting its promising "off-the-shelf" cell therapies aimed at treating inflammatory diseases and various cancers. 💊 Eli Lilly and Company Bids for Morphic Therapeutic: Lilly emerges as the sole bidder for Morphic, a drug development company known for its work on integrin-targeted therapeutics, while Novartis awaits additional data on its promising cancer drug, pelabresib. 💉 Boehringer Ingelheim Cuts Price of Humira Biosimilar: Boehringer offers a 92% discount on its Humira biosimilar, making the treatment more accessible to cash-paying patients through GoodRx, a move that highlights efforts to address the high cost of biologic drugs . Stay tuned for more updates in this rapidly evolving industry! #pharmaceutical #pharma #Biotechnology #biotech #lifescience #industrynews #medtech #drugdevelopment #health #research #venturecapital #vc #IndustryUpdates

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