Take­da hops on­to $61M round for CRISPR play­er syn­the­siz­ing Cas9 al­ter­na­tives

Take­da Ven­tures and Or­biMed have helped pump $61 mil­lion in­to a New York biotech join­ing the rush to dra­mat­i­cal­ly ex­pand the CRISPR tool kit.

One cru­cial com­po­nent in the CRISPR gene edit­ing process is a nu­cle­ase that cuts the tar­get DNA once it’s led there by a guide RNA. Cas9 is the most well known and broad­ly used among them, al­though re­searchers have been com­ing up with a va­ri­ety of al­ter­na­tives. The one that Emen­do Bio­ther­a­peu­tics will be ad­vanc­ing with its new fund­ing is dubbed OM­NI.

Their class of “op­ti­mized” en­zymes, ac­cord­ing to Emen­do, opens a new lev­el of pre­ci­sion un­at­tain­able with old­er ap­proach­es.

“For ex­am­ple, to treat dom­i­nant in­di­ca­tions, one al­lele needs to be edit­ed while leav­ing the oth­er one in­tact. Cur­rent CRISPR nu­cle­as­es are not spe­cif­ic enough to do this,” the biotech wrote on its web­site. “Dom­i­nant in­di­ca­tions are the vast ma­jor­i­ty of ge­net­ic dis­eases, high­light­ing the need for a nov­el ap­proach.”

That plat­form tech has at­tract­ed Take­da to a part­ner­ship in which Emen­do will syn­the­size OM­NI nu­cle­as­es for two undis­closed tar­gets. In re­turn, the Japan­ese phar­ma gi­ant agreed to par­tic­i­pate in this new fi­nanc­ing along­side Or­biMed Ad­vi­sors, Or­biMed Is­rael Part­ners and AnGes.

Tokyo and Os­a­ka-based AnGes was re­spon­si­ble for $50 mil­lion of the raise, up­ping its stake in Emen­do to 32%, ac­cord­ing to a fil­ing last month.

“Mak­ing Emen­do an af­fil­i­at­ed com­pa­ny of AnGes will as­sist us in the de­vel­op­ment of bio­phar­ma­ceu­ti­cals through genome edit­ing, mak­ing it pos­si­ble to fur­ther ex­pand our­de­vel­op­ment pipeline as the fourth pil­lar of our op­er­a­tions af­ter HGF gene ther­a­py,nu­cle­ic-acid med­i­cines, and DNA vac­cines,” AnGes wrote.

Emen­do, which has an R&D op­er­a­tion in Is­rael, is col­lab­o­rat­ing with the Uni­ver­si­ty of Wash­ing­ton and Seat­tle Chil­dren’s Hos­pi­tal on its lead pro­gram se­vere con­gen­i­tal neu­trope­nia. Oth­er pro­grams in pri­ma­ry im­mun­od­e­fi­cien­cy, bone mar­row fail­ure, in­her­it­ed eye dis­ease and can­cer are al­so at­tached to pres­ti­gious aca­d­e­m­ic part­ners.

So­cial im­age: Take­da

M&A: a crit­i­cal dri­ver for sus­tain­able top-line growth in health­care

2021 saw a record $600B in healthcare M&A activity. In 2022, there is an anticipated slowdown in activity, however, M&A prospects remain strong in the medium to long-term. What are future growth drivers for the healthcare sector? Where might we see innovations that drive M&A? RBC’s Andrew Callaway, Global Head, Healthcare Investment Banking discusses with Vito Sperduto, Global Co-Head, M&A.

15 LGBTQ lead­ers in bio­phar­ma; Paul Stof­fels’ Gala­pa­gos re­vamp; As­traZeneca catch­es up in AT­TR; and more

Welcome back to Endpoints Weekly, your review of the week’s top biopharma headlines. Want this in your inbox every Saturday morning? Current Endpoints readers can visit their reader profile to add Endpoints Weekly. New to Endpoints? Sign up here.

A return to in-person conferences also marks a return to on-the-ground reporting. My colleagues Beth Synder Bulik and Nicole DeFeudis were on-site at Cannes Lions, bringing live coverage of pharma’s presence at the ad festival — accompanied by photos from Clara Bui, our virtual producer, that bring you right to the scene. You can find a recap (and links to all the stories) below.

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AstraZeneca's new Evusheld direct to consumer campaign aims to reach more immunocompromised patients.

As­traZeneca de­buts first con­sumer cam­paign for its Covid-19 pro­phy­lac­tic Evusheld — and a first for EUA drugs

AstraZeneca’s first consumer ad for Evusheld is also a first for drugs that have been granted emergency use authorizations during the pandemic.

The first DTC ad for a medicine under emergency approval, the Evusheld campaign launching this week aims to raise awareness among immunocompromised patients — and spur more use.

Evusheld nabbed emergency authorization in December, however, despite millions of immunocompromised people looking for a solution and now more widespread availability of the drug.

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Yong Dai, Frontera Therapeutics CEO

Scoop: Lit­tle-known Or­biMed-backed biotech clos­es $160M round to start gene ther­a­py tri­al

Frontera Therapeutics, a China and US biotech, has closed a $160 million Series B and received regulatory clearance to test its first gene therapy stateside, Endpoints News has learned.

Led by the largest shareholder, OrbiMed, the biotech has secured $195 million total since its September 2019 founding, according to an email reviewed by Endpoints. The lead AAV gene therapy program is for an undisclosed rare eye disease, according to the source.

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De­spite a slow start to the year for deals, PwC pre­dicts a flur­ry of ac­tiv­i­ty com­ing up

Despite whispers of a busy year for M&A, deal activity in the pharma space is actually down 30% on a semi-annualized basis, according to PwC’s latest report on deal activity. But don’t rule out larger deals in the second half of the year, the consultants said.

PwC pharmaceutical and life sciences consulting solutions leader Glenn Hunzinger expects to see Big Pharma companies picking up earlier stage companies to try and fill pipeline gaps ahead of a slew of big patent cliffs. Though a bear market continues to maul the biotech sector, Hunzinger said recent deals indicate that pharma companies are still paying above current trading prices.

Abortion-rights protesters regroup and protest following Supreme Court's decision to overturn Roe v. Wade. (AP Photo/Gemunu Amarasinghe)

Fol­low­ing SCO­TUS de­ci­sion to over­turn abor­tion pro­tec­tions, AG Gar­land says states can't ban the abor­tion pill

Following the Supreme Court’s historic decision on Friday to overturn Americans’ constitutional right to an abortion after almost 50 years, Attorney General Merrick Garland sought to somewhat reassure women that states will not be able to ban the prescription drug sometimes used for abortions.

Following the decision, the New England Journal of Medicine also published an editorial strongly condemning the reversal, saying it “serves American families poorly, putting their health, safety, finances, and futures at risk.”

DEM BioPharma CEO David Donabedian (L) and executive chair Jan Skvarka

Long­wood sets an­oth­er 'don't eat me' biotech in­to gear with help of for­mer Tril­li­um CEO Jan Skvar­ka

Jonathan Weissman and team are out with a cancer-fighting biotech riding the appetite for those so-called “don’t eat me” and “eat me” signals.

The scientific co-founder — alongside fellow Whitehead Institute colleague Kipp Weiskopf and Stanford biologist Michael Bassik — has launched DEM BioPharma with incubator Longwood Fund and a crop of other investors.

In all, the nascent, 10-employee biotech has $70 million to bankroll hematology- and solid tumor-based programs, including a lead asset that could enter human trials in two to three years, CEO David Donabedian told Endpoints News.

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Spanish Prime Minister Pédro Sanchez and European Commission President Ursula von der Leyen (AP Photo/Geert Vanden Wijngaert)

EU to launch vac­cine de­vel­op­ment and man­u­fac­tur­ing part­ner­ship with Latin Amer­i­can and Caribbean coun­tries

While European companies, including BioNTech, are focused on increasing vaccine access to African countries by setting up vaccine manufacturing facilities, the European Union is looking westward to Latin America and the Caribbean.

Speaking at a press conference with Spanish Prime Minister Pédro Sanchez, EU Commission president Ursula von der Leyen said that the EU is launching a new initiative for vaccines and medicines manufacturing in Latin America, to get drugs to Latin America and the Caribbean faster.

GSK says its drug for chron­ic hep B could ‘lead to a func­tion­al cure’ — but will it be alone or in com­bi­na­tion?

GSK, newly branded and soon-to-be demerged, shared interim results from its Phase II trial on its chronic hepatitis B treatment, one that it says has the “potential to lead to a functional cure.”

At a presentation at the EASL International Liver Congress, GSK shared that in around 450 patients who received its hep B drug bepirovirsen for 24 weeks, just under 30% had hepatitis B surface antigen and viral DNA levels that were too low to detect.