Sam­sung Bioepis switch­es gears, moves from knock­offs to new drugs with fast-chang­ing Take­da

Sam­sung Bioepis knows how to make a great copy of a bi­o­log­ic. Now the com­pa­ny wants to start cre­at­ing them from scratch.

The biosim­i­lars mak­er, al­lied with Bio­gen on de­vel­op­ing gener­ic ver­sions of brand­ed bi­o­log­ics, to­day un­veiled a new al­liance with Japan’s ag­gres­sive Take­da on co-de­vel­op­ing a pipeline of new drugs.

First up is a Take­da drug, TAK-671, for acute pan­cre­ati­tis.

Christo­pher Han­sung Ko, the CEO of Sam­sung Bioepis, put it this way:

Five years ago, we en­tered the bio­phar­ma­ceu­ti­cal in­dus­try with a strong de­ter­mi­na­tion to trans­form the way ther­a­pies are brought to pa­tients by re­plac­ing lega­cy process­es with new and in­no­v­a­tive ones. To­geth­er with Take­da, we look for­ward to re­al­iz­ing this vi­sion by ac­cel­er­at­ing the de­vel­op­ment of ef­fec­tive ther­a­pies for pa­tients who are cur­rent­ly with­out a vi­able treat­ment op­tion.


Christo­pher Han­sung Ko

Of course there’s noth­ing tru­ly in­no­v­a­tive in what Sam­sung has been do­ing, un­less de­sign­ing a com­plex bi­o­log­ic as a pre­cise knock­off of an ex­ist­ing ther­a­py — like J&J’s Rem­i­cade — and kick­ing up an in­dus­tri­al­iza­tion ef­fort to mass pro­duce these cheap­er copies, re­quires in­no­va­tion. That could trig­ger a few de­bates in biotech cir­cles.

Take­da has been rip­ping up its old glob­al R&D struc­ture over the past year un­der CEO Christophe We­ber and R&D chief Andy Plump, con­cen­trat­ing its forces in Cam­bridge, MA and Japan as it out-li­cens­es, in-li­cens­es and works up new pacts with de­vel­op­ers of every stripe world­wide. The part­ners didn’t dis­cuss cash terms to­day.

Sam­sung Bioepis has the cash to come in and work on nov­el drugs with Take­da, which has been wide open to de­vis­ing new al­liances that will share the risk in or­der to broad­en its over­all drug de­vel­op­ment work. Like a lot of drug com­pa­nies, Take­da has been work­ing on find­ing new ways to de­vel­op more drugs than it can af­ford to de­vel­op alone. And it’s been re­vamp­ing the pipeline, leav­ing some drugs up for grabs. So it has out-li­censed drugs to com­pa­nies like Je­re­my Levin’s Ovid and Vivek Ra­maswamy’s My­ovant.

“At Take­da, we think dif­fer­ent­ly – and cre­ative­ly – about what makes a part­ner­ship suc­cess­ful and look to build on our strengths by col­lab­o­rat­ing with part­ners who have com­ple­men­tary ex­per­tise,” said Daniel Cur­ran, who runs the ex­ter­nal in­no­va­tion group at Take­da.

Norbert Bischofberger. Kronos

Backed by some of the biggest names in biotech, Nor­bert Bischof­berg­er gets his megaround for plat­form tech out of MIT

A little over a year ago when I reported on Norbert Bischofberger’s jump from the CSO job at giant Gilead to a tiny upstart called Kronos, I noted that with his connections in biotech finance, that $18 million launch round he was starting off with could just as easily have been $100 million or more.

With his first anniversary now behind him, Bischofberger has that mega-round in the bank.

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Chas­ing Roche's ag­ing block­buster fran­chise, Am­gen/Al­ler­gan roll out Avastin, Her­ceptin knock­offs at dis­count

Let the long battle for biosimilars in the cancer space begin.

Amgen has launched its Avastin and Herceptin copycats — licensed from the predecessors of Allergan — almost two years after the FDA had stamped its approval on Mvasi (bevacizumab-awwb) and three months after the Kanjinti OK (trastuzumab-anns). While the biotech had been fielding biosimilars in Europe, this marks their first foray in the US — and the first oncology biosimilars in the country.

Seer adds ex-FDA chief Mark Mc­Clel­lan to the board; Her­cules Cap­i­tal makes it of­fi­cial for new CEO Scott Bluestein

→ On the same day it announced a $17.5 million Series C, life sciences and health data company Seer unveiled that it had lured former FDA commissioner and ex-CMS administrator Mark McClellan on to its board. “Mark’s deep understanding of the health care ecosystem and visionary insights on policy reform will be crucial in informing our thinking as we work to bring our liquid biopsy and life sciences products to market,” said Seer chief and founder Omid Farokhzad in a statement.

Daniel O'Day

No­var­tis hands off 3 pre­clin­i­cal pro­grams to the an­tivi­ral R&D mas­ters at Gilead

Gilead CEO Daniel O’Day’s new task hunting up a CSO for the company isn’t stopping the industry’s dominant antiviral player from doing pipeline deals.

The big biotech today snapped up 3 preclinical antiviral programs from pharma giant Novartis, with drugs promising to treat human rhinovirus, influenza and herpes viruses. We don’t know what the upfront is, but the back end has $291 million in milestones baked in.

Francesco De Rubertis

Medicxi is rolling out its biggest fund ever to back Eu­rope's top 'sci­en­tists with strange ideas'

Francesco De Rubertis built Medicxi to be the kind of biotech venture player he would have liked to have known back when he was a full time scientist.

“When I was a scientist 20 years ago I would have loved Medicxi,’ the co-founder tells me. It’s the kind of place run by and for investigators, what the Medicxi partner calls “scientists with strange ideas — a platform for the drug hunter and scientific entrepreneur. That’s what I wanted when I was a scientist.”

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Af­ter a decade, Vi­iV CSO John Pot­tage says it's time to step down — and he's hand­ing the job to long­time col­league Kim Smith

ViiV Healthcare has always been something unique in the global drug industry.

Owned by GlaxoSmithKline and Pfizer — with GSK in the lead as majority owner — it was created 10 years ago in a time of deep turmoil for the field as something independent of the pharma giants, but with access to lots of infrastructural support on demand. While R&D at the mother ship inside GSK was souring, a razor-focused ViiV provided a rare bright spot, challenging Gilead on a lucrative front in delivering new combinations that require fewer therapies with a more easily tolerated regimen.

They kept a massive number of people alive who would otherwise have been facing a death sentence. And they made money.

And throughout, John Pottage has been the chief scientific and chief medical officer.

Until now.

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Vas Narasimhan, AP Images

On a hot streak, No­var­tis ex­ecs run the odds on their two most im­por­tant PhI­II read­outs. Which is 0.01% more like­ly to suc­ceed?

Novartis CEO Vas Narasimhan is living in the sweet spot right now.

The numbers are running a bit better than expected, the pipeline — which he assembled as development chief — is performing and the stock popped more than 4% on Thursday as the executive team ran through their assessment of Q2 performance.

Year-to-date the stock is up 28%, so the investors will be beaming. Anyone looking for chinks in their armor — and there are plenty giving it a shot — right now focus on payer acceptance of their $2.1 million gene therapy Zolgensma, where it’s early days. And CAR-T continues to underperform, but Novartis doesn’t appear to be suffering from it.

So what could go wrong?

Actually, not much. But Tim Anderson at Wolfe pressed Narasimhan and his development chief John Tsai to pick which of two looming Phase III readouts with blockbuster implication had the better odds of success.

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On a glob­al romp, Boehringer BD team picks up its third R&D al­liance for Ju­ly — this time fo­cused on IPF with $50M up­front

Boehringer Ingelheim’s BD team is on a global deal spree. The German pharma company just wrapped its third deal in 3 weeks, going back to Korea for its latest pipeline pact — this time focused on idiopathic pulmonary fibrosis.

They’re handing over $50 million to get their hands on BBT-877, an ATX inhibitor from Korea’s Bridge Biotherapeutics that was on display at a science conference in Dallas recently. There’s not a whole lot of data to evaluate the prospects here.

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Servi­er scoots out of an­oth­er col­lab­o­ra­tion with Macro­Gen­ics, writ­ing off their $40M

Servier is walking out on a partnership with MacroGenics $MGNX — for the second time.

After the market closed on Wednesday MacroGenics put out word that Servier is severing a deal — inked close to 7 years ago — to collaborate on the development of flotetuzumab and other Dual-Affinity Re-Targeting (DART) drugs in its pipeline.

MacroGenics CEO Scott Koenig shrugged off the departure of Servier, which paid $20 million to kick off the alliance and $20 million to option flotetuzumab — putting a heavily back-ended $1 billion-plus in additional biobuck money on the table for the anti-CD123/CD3 bispecific and its companion therapies.