Arv­inas has inked an­oth­er Big Phar­ma part­ner­ship to get their pro­tein degra­da­tion en­gines revving — for both hu­mans and crops.

All told, the Ger­man con­glom­er­ate is wa­ger­ing $115 mil­lion on the po­ten­tial of Arv­inas’ tech plat­form, which us­es an E3 lig­ase to tag tar­get pro­teins with an ubiq­ui­tin, flush­ing these dis­ease cul­prits down the cell’s nat­ur­al “garbage dis­pos­al.” And Bay­er is in for the whole pack­age, with a col­lab­o­ra­tion, an eq­ui­ty in­vest­ment and a joint ven­ture in play.

A har­bin­ger of the pro­tein degra­da­tion space, Arv­inas comes of age as peers at C4 Ther­a­peu­tics and Kymera al­so gains pop­u­lar­i­ty among the likes of Bio­gen, Ver­tex and Glax­o­SmithK­line. Com­pared to the tra­di­tion­al in­hi­bi­tion ap­proach, get­ting rid of prob­lem­at­ic pro­teins promis­es to be a much more durable so­lu­tion for dis­eases like can­cer.

Jo­erg Moeller Linkedin

“Be­cause PRO­TACs don’t in­hib­it the tar­get pro­tein’s en­zy­mat­ic ac­tiv­i­ty, but bind their tar­gets with high se­lec­tiv­i­ty, it may be pos­si­ble to re­tool pre­vi­ous­ly in­ef­fec­tive in­hibitor mol­e­cules as PRO­TACs for next-gen­er­a­tion med­i­cines for pa­tients,” Jo­erg Moeller, Bay­er’s head of R&D, said in a state­ment.

On the ther­a­peu­tic side, Bay­er’s to­tal com­mit­ment — up­front, R&D sup­port plus eq­ui­ty — amounts to $60 mil­lion. It gets them the rights to nov­el lead struc­tures Arv­inas gen­er­ates in the process but doesn’t cov­er the ad­di­tion­al $685 mil­lion in po­ten­tial mile­stone pay­ments.

The pact will span car­dio­vas­cu­lar, on­co­log­i­cal and gy­ne­co­log­i­cal dis­eases.

The oth­er $55 mil­lion in the deal goes, in the course of six years, to a joint ven­ture set up to ex­plore how Arv­inas’ tech­nol­o­gy can tack­le the weeds, in­sects or dis­eases en­dem­ic in agri­cul­ture. Where pre­vi­ous crop pro­tec­tion ef­forts have suc­cumbed to re­sis­tance, pro­tein degra­da­tion may be able to re­vive them, the part­ners said.

John Hous­ton Arv­inas

“As the first com­pa­ny found­ed to ex­plore tar­get­ed pro­tein degra­da­tion, we’ve been ex­cit­ed about the po­ten­tial to im­prove the lives of pa­tients since our in­cep­tion,” said Arv­inas CEO John Hous­ton. “This col­lab­o­ra­tion en­ables us not on­ly to ex­pand our plat­form in­to new ther­a­peu­tic ar­eas, but al­so be­gins a new jour­ney in ap­ply­ing our ap­proach to agri­cul­ture.”

The cash ex­changed trumps pre­vi­ous part­ner­ships, in which Genen­tech and Pfiz­er paid less to get dis­cov­ery al­liances start­ed but pledged biobucks, great­ly rais­ing Arv­inas’ pro­file be­fore it even got in­to the clin­ic. Its lead ther­a­py in prostate can­cer is now in Phase I tri­als.

Im­age: Shut­ter­stock

A Maryland real estate project has added three new biotech-focused manufacturing and research buildings to an office park to keep up with demand created by the pandemic, the Washington Business Journal reported.

The Milestone Business Park — located off of I-270 in Germantown, MD — will see the new buildings and a total of 532,000 square feet as the campus rebrands to Milestone Innovation Park.

As concerns rise around the J&J and AstraZeneca vaccines, global attention is increasingly turning to the little, 33-year-old, productless, bankruptcy-flirting biotech that could: Novavax.

In the now 16-month race to develop and deploy Covid-19 vaccines, Novavax has at times seemed like the pandemic’s most unsuspecting frontrunner and at times like an overhyped also-ran. Although they started the pandemic with only enough cash to last 6 months, they leveraged old connections and believers into $2 billion and emerged last summer with data experts said surpassed Pfizer and Moderna. They unveiled plans to quickly scale to 2 billion doses. Then they couldn’t even make enough material to run their US trial and watched four other companies beat them to the finish line.

The FDA wrapped up its inspection of Emergent’s troubled vaccine manufacturing plant in Baltimore on Tuesday, after halting production there on Monday. By Wednesday morning, the agency already released a series of scathing observations on the cross contamination, sanitary issues and lack of staff training that caused the contract manufacturer to dispose of millions of AstraZeneca and J&J vaccine doses.

Bayer first set roots in Berkeley back in 1974, when it was still operating as Miles Labs. The site has pumped out three hemophilia A treatments for distribution worldwide; but now, as the pharma continues its cell and gene therapy push, it has something bigger in mind.

Bayer is planning a 30-year revamp at the campus, which includes 918,000 square feet in new buildings and double the jobs, according to a report by the Bay Area Council Economic Institute.

The Leukemia and Lymphoma Society has tapped 5 new early-stage projects to back with up to $10 million each in fresh investments. The 5 biotechs are:

— Caribou, headed by Rachel Haurwitz and co-founded by Jennifer Doudna, is working on next-gen, off-the-shelf CAR-Ts to replace the patient-derived cells now in use.

— The LLS supported NexImmune’s IPO, helping fund its work on nanoparticles that can gin up an immune response directed at cancer cells. The biotech has 2 projects now in Phase I trials.