Ad­vax­is has tak­en its in­vestors on a bit of a roller coast­er ride this year.

The FDA slapped a clin­i­cal hold on a com­bo study of its lead drug ax­al­imo­gene filolis­bac and As­traZeneca’s Imfinzi in wake of a pa­tient death, which re­solved months lat­er af­ter a C-suite over­haul. Late Wednes­day, the New Jer­sey biotech added to the dra­ma by qui­et­ly dis­clos­ing that Am­gen has dropped their $540 mil­lion im­munother­a­py pact.

First inked in 2016 with $65 mil­lion up­front, the deal cen­tered around ADXS-NEO, which is de­signed to re­cruit a T cell at­tack on can­cer us­ing bio­engi­neered bac­te­ria. But Am­gen is re­turn­ing world­wide rights for de­vel­op­ment and com­mer­cial­iza­tion just as Ad­vax­is is en­rolling pa­tients for its proof-of-con­cept work — the last step be­fore Am­gen was sup­posed to take over.

The news sent shares $ADXS in­to a steep drop, plung­ing 28% in pre-mar­ket trad­ing.

With­out giv­ing any rea­sons for the ter­mi­na­tion, Ad­vax­is says it will now eval­u­ate whether to re-part­ner the ADXS-NEO pro­gram. Nei­ther com­pa­nies have re­spond­ed to my re­quests for com­ment.

Am­gen $AMGN will have un­til Feb­ru­ary 8, 2019 to tie up any loose ends.

In 2017 and 2018 Ad­vax­is has re­ceived $5.8 mil­lion and $7.5 mil­lion in re­im­burse­ments re­spec­tive­ly for an al­liance that once promised $475 mil­lion in mile­stones.

The biotech is al­so part­nered with Bris­tol-My­ers on an Op­di­vo com­bi­na­tion pro­gram for ax­al­imo­gene filolis­bac.

Versant is once again stepping off the beaten track in biotech to see if they can blaze a trail of their own in a field that has looked too thorny to many investors for years.

The venture group and their partners at Apple Tree are bringing their latest creation out of stealth mode today. Born in Versant’s Inception Sciences’ Chinook Therapeutics is betting that its preclinical take on kidney disease can get an early lead among the companies starting up in the field.

Using a laptop borrowed from his former employer, South London’s St George’s Hospital, Sir Andrew Dillon set about establishing NICE — launched by the then health secretary Frank Dobson — in 1999.  On Thursday, the UK cost-effectiveness watchdog said its first and only chief executive — Dillon — is stepping down in March 2020.

Back in the day, decisions about which drugs and interventions were funded by the National Health Service (NHS) were made at the local level, but this ‘postcode prescribing’ system was fraught with skewed healthcare deployment making the structure unsustainable. A national system was deemed necessary — and NICE was formed to bridge that gap.

With a breakthrough designation in one hand and a fresh $53 million in venture backing in the other, Somerville, MA-based Finch Therapeutics is taking a shot at a one-trial pathway to a possible FDA OK for their new treatment for preventing recurrent C. difficile infections.

The funding brings their total raise for the microbiome company to $130 million, CEO Mark Smith tells me — enough money to pave a runway past the FDA approval they’ve sketched into the most optimistic version for their near-term future. 

During BIO this year, I had a chance to moderate a panel among some of the top tech experts in biopharma on their real-world use of artificial intelligence in R&D. There’s been a lot said about the potential of AI, but I wanted to explore more about what some of the larger players are actually doing with this technology today, and how they see it advancing in the future. It was a fascinating exchange, which you can see here. The transcript has been edited for brevity and clarity. — John Carroll