Evotec ex­pands pres­ence in Italy with ac­qui­si­tion of for­mer Glax­o­SmithK­line R&D site

Ger­many-based Evotec es­tab­lished its pres­ence in Italy four years ago. Now, it’s bought up more re­al es­tate in the neigh­bor­hood.

Evotec has ac­quired an R&D site in Verona from GSK, the com­pa­ny an­nounced Thurs­day. The com­pa­ny did not dis­close fi­nan­cial de­tails of the deal.

GSK used the site for the spe­cial­ized man­u­fac­tur­ing of fin­ished dose form of cephalosporin. It fea­tures ster­ile pow­der fill to vials, mono­rails and Add-Van­tage vials and flex­i­ble pack­ag­ing lines. It’s ap­proved by the FDA and EMA, as well as and has main­tained glob­al reg­u­la­to­ry ap­provals.

The cam­pus will be re­named the Cam­pus Levi-Mon­tal­ci­ni, in hon­or of Ital­ian No­bel lau­re­ate Rite Levi-Mon­tal­ci­ni. Levi-Mon­tal­ci­ni was award­ed the No­bel Prize in 1986 for her work in neu­ro­bi­ol­o­gy, along with col­league Stan­ley Co­hen, for the dis­cov­ery of nerve growth fac­tor. She died in De­cem­ber 2012. The name was vot­ed for by em­ploy­ees.

In 2017, Evotec ac­quired Ap­tu­it, and has been op­er­at­ing out of its Verona cam­pus. The newest ac­qui­si­tion is about three miles away.

Ciri­a­co Maraschiel­lo

“The ac­qui­si­tion of the Verona R&D cam­pus from GSK, one of the ma­jor R&D cen­tres in the coun­try, means con­ti­nu­ity and fur­ther de­vel­op­ment of R&D ex­cel­lence in Italy,” Ciri­a­co Maraschiel­lo, glob­al head of de­vel­op­ment, said in a state­ment. “Be­com­ing the own­er of the Verona R&D fa­cil­i­ty strength­ens Evotec’s ful­ly in­te­grat­ed R&D so­lu­tions for our part­ners.”

The com­pa­ny, which is based out of Ger­many, has spread its foot­print through­out Eu­rope as of late. In May, the com­pa­ny part­nered with Bris­tol My­ers Squibb to launch be­LAB1407, a $20 mil­lion aca­d­e­m­ic BRIDGE to de­vel­op ear­ly-stage ther­a­peu­tic con­cepts from the uni­ver­si­ties of Birm­ing­ham, Ed­in­burgh, Not­ting­ham, and Dundee, the com­pa­nies said. The goal is to take the sci­ence from these com­pa­nies and turn them in­to spin­off com­pa­nies, us­ing Evotec’s plat­form.

In April, Evotec an­nounced that it would lay out $120 mil­lion to build a new bi­o­log­ics fa­cil­i­ty in Toulouse, France, to ex­pand pro­duc­tion ca­pac­i­ty for ther­a­peu­tic an­ti­bod­ies. That move was boost­ed by a $60 mil­lion in­vest­ment from sev­er­al French gov­ern­ments and in­vestors. The com­pa­ny has part­nered with the US De­part­ment of De­fense and the Bill & Melin­da Gates Foun­da­tion to amp up pro­duc­tion of an­ti­bod­ies.

So­cial im­age: Wern­er Lan­thaler, Evotec

Adap­tive De­sign Meth­ods Of­fer Rapid, Seam­less Tran­si­tion Be­tween Study Phas­es in Rare Can­cer Tri­als

Rare cancers account for 22 percent of cancer diagnoses worldwide, yet there is no universally accepted definition for a “rare” cancer. Moreover, with the evolution of genomics and associated changes in categorizing tumors, some common cancers are now characterized into groups of rare cancers, each with a unique implication for patient management and therapy.

Adaptive designs, which allow for prospectively planned modifications to study design based on accumulating data from subjects in the trial, can be used to optimize rare oncology trials (see Figure 1). Adaptive design studies may include multiple cohorts and multiple tumor types. In addition, numerous adaptation methods may be used in a single trial and may facilitate a more rapid, seamless transition between study phases.

Marianne De Backer (L) and Jeff Hatfield

Bay­er nabs star biotech Vi­vid­ion with a $2B buy­out and an ‘arms-length’ pact, pulling a part­ner out of the IPO con­ga line

Vividion is canceling that IPO it filed. Instead of following the industry-wide migration to Nasdaq, the biotech that has captured considerable attention for its still-preclinical work finding cryptic pockets to bind to on proteins is going to work for Bayer now.

The pharma giant is putting out word today that it has bought out Vividion for $1.5 billion in cash and another half-billion dollars in milestones.

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Josh Hoffman, outgoing Zymergen CEO (Zymergen)

UP­DAT­ED: Syn­bio uni­corn Zymer­gen jet­ti­sons found­ing CEO, cuts guid­ance as cus­tomers re­port lead prod­uct does­n't work

Zymergen, just months off a $500 million IPO that put the synthetic bio firm in rarified air, has now ejected its founding CEO and downgraded its revenue forecasts after customers reported its lead film product doesn’t work as advertised, the company said Tuesday afternoon.

CEO Josh Hoffman will leave his role and sacrifice his board seat immediately in favor of Jay Flatley, the former CEO of Illumina who will take the lead role on an interim basis as the company conducts a search for its next leader.

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Nader Pourhassan, CytoDyn CEO (Photo by Jeff Kravitz/FilmMagic for CytoDyn’s Pro)

Cy­to­Dyn faces DOJ, SEC sub­poe­nas af­ter pro­mot­ing failed Covid-19 drug

The little, PR-happy drug company publicly called out by the FDA is now getting attention from both the SEC and the Department of Justice.

CytoDyn, a one-time penny stock that has gained both money and notoriety for aggressively pushing an old HIV drug as a treatment for Covid-19, disclosed in a regulatory filing Friday the SEC and DOJ have separately subpoenaed the company and “certain of its executives” as part of investigations into the company’s promotion and marketing practices.

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Zymergen co-founders Zach Serber, Josh Hoffman, and Jed Dean (Zymergen via website)

Zymer­gen's sud­den im­plo­sion shocked biotech. A lin­ger­ing loan could make things even worse

As former synbio unicorn Zymergen picks up the pieces from its spectacular implosion Tuesday, an outstanding loan from Perceptive Advisors — the only blue-chip biotech crossover investor to touch Zymergen’s fundraising efforts — could make the situation worse, according to public documents.

In December 2019, more than a year before Zymergen filed for what would eventually become a $500 million IPO, the “biofacturing” firm signed a $100 million credit facility with Perceptive to help supplement the nearly $700 million the company had raised across four VC rounds.

Lan Huang, BeyondSpring CEO

Shares of Be­yond­Spring sky­rock­et on new, pos­i­tive can­cer drug tri­al re­sults

Sometimes results come along that shock even a biotech’s believers.

On Wednesday, BeyondSpring, a small New York biotech with an offbeat approach to immunotherapy, announced its lead drug significantly extended non-small cell lung cancer patients’ lives in a large trial. Although the company did not release the exact survival data, it said that nearly twice as many patients were alive after two years on the drug arm than on the standard-of-care arm.

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Pfiz­er puts the pres­sure on Eli Lil­ly's JAK in­hibitor Olu­mi­ant with new da­ta in alope­cia area­ta

As Eli Lilly looks to secure a win for its blockbuster Olumiant in alopecia areata, going where no JAK inhibitor has gone before, Pfizer is coming up from behind with Phase IIb/III results suggesting its own candidate can help regrow hair lost due to the autoimmune disease.

On Wednesday, Pfizer unveiled topline results from the ALLEGRO trial, which enrolled 718 patients 12 years and older with alopecia areata, a condition that can cause sudden, severe and patchy hair loss. While the patients’ episodes of alopecia areata varied in length, they all had one thing in common: They had lost at least half the hair on their scalps.

Bio­gen, Ei­sai are push­ing for an­oth­er ac­cel­er­at­ed Alzheimer's OK — this time for BAN2401

Now that the door at the FDA has been opened wide for Alzheimer’s drugs that can demonstrate a reduction in amyloid, Biogen and its partners at Eisai are pushing for a quick OK on the next drug to follow in the controversial path of aducanumab.

In a presentation to analysts, Eisai neurology chief Ivan Cheung outlined some bullish expectations for their newly-approved treatment and set the stage for what he believes will be a fast follow for BAN2401 (lecanemab) — after a dry spell in new drug development that’s lasted close to 20 years.

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Samantha Du, Zai Lab CEO (Zai Lab)

Saman­tha Du's Zai Lab inks sur­pris­ing re­search col­lab with Schrödinger for DNA dam­age drug

Headed by Samantha Du, Chinese oncology specialist Zai Lab has made no qualms about its aggressive in-licensing strategy to drive Western drugs into regional markets. That strategy has been profitable so far, but that doesn’t mean Du’s team isn’t willing to try something new.

In a surprising volte-face, Zai Lab has signed its name to a research collaboration with physics-based discovery outfit Schrödinger looking for an oncology candidate targeting the DNA damage repair pathway, the partners said Wednesday.