Chris Garabe­di­an's Xon­toge­ny shep­herds its first biotech through a $10M start­up round

Four months af­ter Chris Garabe­di­an lined up $15 mil­lion to back his new play to shep­herd a flock of biotech star­tups, the Xon­toge­ny CEO has un­veiled his first new project.

Wel­come Lan­dos, a biotech up­start that is com­ing from the lab of Vir­ginia Tech’s Josep Bas­saganya-Ri­era. The re­searcher, who’s cred­it­ed with sev­er­al biotech star­tups, has lined up a new drug — BT-11, an oral treat­ment of Crohn’s dis­ease and ul­cer­a­tive col­i­tis — which is on the thresh­old of its first clin­i­cal study.

Garabe­di­an’s back­ers at Per­cep­tive Ad­vis­ers are putting up a $10 mil­lion Se­ries A to ex­plore for that first batch of hu­man da­ta. And Garabe­di­an will be of­fer­ing a guid­ing hand, en­abling Lan­dos to keep things lean and mean.


Lan­dos fits the bill for Xon­toge­ny in many ways, says Garabe­di­an, the ex-CEO at Sarep­ta. It’s close to the clin­ic, with plans to start the first hu­man study by the mid­dle or end of next year. They’ve got good, re­pro­duced an­i­mal da­ta sets. And the two have been talk­ing about this for the past cou­ple of years, giv­ing Garabe­di­an a chance to take some time ahead of the for­mal launch of his own com­pa­ny to get to un­der­stand the drug and path­way.

Bas­saganya-Ri­era tells me he’s been study­ing this path­way — called Lan­thio­n­ine Syn­thetase C-Like 2 (LAN­CL2) — for more than a decade. And he’s as­sem­bled a team of 13 to work on the de­vel­op­ment project, with Garabe­di­an’s group fill­ing in key spots so the com­pa­ny won’t need to hire up a full ros­ter of em­ploy­ees.

Boston-based Garabe­di­an al­so spot­light­ed the fact that he has no prob­lem work­ing with a biotech based in Vir­ginia.

“We’re will­ing to work with sci­en­tists around the globe,” he says, un­like some VCs that in­sist on keep­ing their port­fo­lio com­pa­nies close at hand. And he’s plan­ning for many more projects just like this one.

UP­DAT­ED: Roche bags 'break­through' an­ti-fi­bro­sis drug in $1.4B biotech buy­out deal

Roche is snapping up a “breakthrough” anti-fibrotic drug in a $1.4 billion buyout.

The pharma giant announced Friday that it is acquiring Promedior, primarily to get its hands on PRM-151, a recombinant form of human pentraxin-2 (PTX-2) protein that has nailed down mid-stage clinical data on idiopathic pulmonary fibrosis and demonstrating its potential for a range of fibrotic conditions.

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Amarin emerges from an ex­pert pan­el re­view with a clear en­dorse­ment for Vas­cepa and high odds of suc­cess when the FDA weighs in for­mal­ly

Several FDA experts who gathered Thursday to consider the landmark approval of Vascepa to reduce cardio events in an at-risk population voiced their unease about various aspects of the efficacy and safety data, or ultimately the population it should be used to treat. But the overwhelming belief that the data pointed to the drug’s benefit and clearly outweighed risks carried the day for Amarin.

The panel voted unanimously (16 to 0) to support the company’s positive data presentation — backing an OK for expanding the label to include reducing cardio risk. The vote points Amarin $AMRN down a short path to a formal decision by the FDA, with the odds heavily in its favor. Chances are the rest of the questions about the future of this drug will be hashed out in the label’s small print.

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Federal Trade Commission commissioner Rohit Chopra testifies on Capitol Hill (AP Photo/Susan Walsh)

FTC clears Bris­tol-My­ers’ $74B deal to buy Cel­gene — but Dems sig­nal a po­ten­tial hard shift against Big Phar­ma M&A

Bristol-Myers Squibb’s record $74 billion takeover of Celgene is a done deal. And it will all be over — except for the lingering complaints from die-hard Celgene investors — on Wednesday.

Like much else that’s going on in Washington these days, the vote among the 5 FTC commissioners split along party lines, with the 3 Republicans voting to clear the way and the 2 Democrats steamed over what they see as a major M&A move that will lessen competition and innovation. And that split has big implications for the M&A side of the business if the Dems take the White House in 2020.

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No­var­tis spin­out’s first an­ti-ag­ing PhI­II is a flop, so now they’ll turn to Parkin­son’s chal­lenge as shares wilt

Novartis spinout resTORbio is grappling with the collapse of its lead clinical program this morning — an anti-aging R&D failure that will badly damage their rep in the field.

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BeiGene CEO John Oyler at an Endpoints event in Shanghai, October 2018 (Credit: Endpoints News/PharmCube)

UP­DAT­ED: In a first, FDA green-lights use of a Chi­nese built can­cer ther­a­py — and more are com­ing

Weeks after Amgen took a $2.7 billion stake in BeiGene, the Beijing-based biotech has secured its first-ever FDA approval for zanubrutinib, a BTK inhibitor, months ahead of schedule.

BeiGene’s drug, branded as Brukinsa, has secured accelerated approval for adult patients with mantle cell lymphoma (MCL) — a typically aggressive, rare, form of blood cancer — who have received at least one prior therapy.

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What does $62B buy you these days? A lot, says Take­da ex­ecs as the phar­ma play­er promis­es a block­buster R&D fu­ture

First comes the $62 billion buyout. Then comes the asset auction and reorganization to pay down debt. Now comes the detailed pledge of a bigger, brighter future in drug development.

That’s where Takeda finds itself on R&D day today, about 11 months after closing on their Shire acquisition. R&D chief Andy Plump is joining CEO Christophe Weber and other top members of the team to outline a new set of priorities in the greatly expanded pipeline at Takeda, which has jumped into the top ranks of the world’s pharma giants in the wake of the Shire deal.

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GSK's asth­ma bi­o­log­ic Nu­cala scores in rare blood dis­or­der study

GlaxoSmithKline’s asthma drug Nucala, which received a resounding FDA rejection for use in chronic obstructive pulmonary disease (COPD) last year, has shown promise in a rare blood disorder.

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Mer­ck buys a fledg­ling neu­rode­gen­er­a­tive biotech spawned by an old GSK dis­cov­ery al­liance. What’s up with that?

Avalon Ventures chief Jay Lichter has a well-known yen for drug development programs picked up in academia. And what he found in Haoxing Xu’s lab at the University of Michigan pricked his interest enough to launch one of his umbrella biotechs in San Diego.

Xu’s work laid the foundation for Avalon to launch Calporta, which has been working on finding small molecule agonists of TRPML1 (transient receptor potential cation channel, mucolipin subfamily, member 1) for lysosomal storage disorders. And that pathway, they believe, points to new approaches on major market neurodegenerative diseases like Parkinson’s, ALS and Alzheimer’s.

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No­var­tis scores its lat­est FDA OK — this time for a new sick­le cell dis­ease drug picked up in a $665M deal

Novartis’ decision to buy Oklahoma-based biotech Selexys 3 years ago for up to $665 million has paid off with an FDA approval today.

Blessed with the FDA’s breakthrough drug designation for a speedy review, the pharma giant has pinned down an approval for crizanlizumab, a new therapy designed to reduce the frequency of painful incidents of vaso-occlusive crises among sickle cell disease patients 16 or older.

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