As mRNA tech has been made more popular by the Covid-19 pandemic, investor cash is making its way to manufacturers and researchers.
In their latest move, Irish biotech Normax Biomed has netted a €300 Million, or $305 million, investment from private firm GEM Global Yield.
The deal will see GEM provide Normax with a share subscription facility of up to €50 Million for a 36-month term following the public listing of the Normax common stock.
Normax will control the timing and maximum amount of each drawdown under the facility and has no minimum subscription obligation. Normax is planning to list itself on either the SIX Swiss Exchange, SIX Digital Exchange (SDX), or the London Stock Exchange as well.
According to Normax CEO Peter Jensen, after the capital commitment, the company plans to also increase research and development of mRNA vaccines for Covid-19, TB, HIV and Malaria and deploy modular mRNA Vaccine Factories, in up 100 locations.
“In the event of another public health emergency, we are also committed to delivering future mRNA vaccines in 100 days, to help ensure that Covid-19 is the last pandemic we will all suffer through. Deadly diseases wait for no man and no market,” Jensen said in a statement.
He also said that despite market conditions not being ideal, Normax will go to market in 2022.
“Our Normax core business of mRNA vaccine R&D and manufacturing can deliver sustainable returns on fundamental healthcare needs that biologically will last forever. Pathogens are inevitable, but diseases are not,” he said.
According to the company, it uses modular manufacturing sites that can allow the construction of an mRNA vaccine factory and the production of mRNA vaccines wherever needed.
While Cytiva has been placing investments internationally, its latest move takes them to the wolverine state.
According to the company, it is investing in more resins manufacturing operations outside of Sweden for the first time in its history.
The company has acquired a facility in Muskegon, Michigan. The new resins manufacturing site is part of Cytiva and Pall Corporation’s $1.5 billion capacity expansion investment.
Cytiva plans to transform the site into a 168,000-square-foot biomanufacturing center consisting of multiple buildings. Cytiva is now expanding beyond Sweden to manufacture these resins. Resins are critical in purifying and analyzing biomolecules so pharmaceutical and life sciences companies can make medicines. The facility will also bring in an estimated 200 employees when completed, but the financial details of the project were not disclosed.
“When you’re looking to help provide global biotechnology solutions to the world, it requires you to be nimble and flexible. By investing in Muskegon, Michigan, we will be closer to our North American customers, who are developing advanced biotherapeutics,” said Cytiva CEO Emmanuel Ligner in a statement.
The site received benefits from the Michigan Economic Development Corporation (MEDC) and the Michigan Strategic Fund (MSF). The site also has a co-operative agreement funded through BARDA and has contracting support from the DoD.
Construction is planned to start at some point in Q3 2022, with manufacturing expected to begin in 2026.
Chinese biotech Triastek and Eli Lilly have inked a deal to leverage Triastek’s 3D printing technology to enable targeted and programmed release of drugs in specific regions of the GI tract.
According to Triastek, the agreement will focus on the release of drugs in the intestine. Triastek will focus on conducting an in-depth study of excipient properties and process parameters to maintain drug stability throughout the 3D printing manufacturing process. The other part of the deal will see Triastek identifying a dosage design that will permit the programmed release of drugs in specific parts of the intestine, to improve the bioavailability of orally administered drugs.
Triastek’s technology has applications in both solid dosage form development and manufacturing.
Lilly did not comment on the deal to Endpoints News.
“We envision that the MED technology of Triastek can be used to solve the challenges in formulations leading to the development of clinically valuable products for our global partners,” said Triastek CEO Senping Cheng.
WuXi AppTec and its subsidiary WuXi STA are staying busy this week.
On Wednesday, the parent company announced a plan to build a new R&D and manufacturing site in Singapore.
The company intends to invest up to $1.43 billion to construct and get the site fully operational. The investment is expected to be made in stages over the next 10 years, depending on the company’s business needs.
The new site will be designed to expand the company’s manufacturing capacity and enhance its capabilities but no there details have been disclosed.
“This investment will further enhance our capacity and capabilities so we can better support our collaborative partners globally and realize our shared vision that every drug can be made, and every disease can be treated,” said WuXi CEO Ge Li in a statement.
Once completed, the Singapore site will also serve a role in its global network across Asia, Europe, and North America.
Maryland-based biotech Deka Biosciences has broken ground on a 14,000-square-foot headquarters to hold its manufacturing, R&D and process development capabilities.
The new building will be in the Washington, DC suburb of Germantown, MD. The company is expecting to move in around the first quarter of next year.
The site will further develop its novel cytokine therapies.
“Our new facility will provide us with essential space to expand our research, development and manufacturing efforts, allowing us to continue to successfully develop our Diakine therapies, using single-use technology to scale both quickly and economically,” said Deka CEO John Mumm, in a statement.
According to the company, this is also the first facility to house a dual-targeted cytokine development lab in the Washington DC area.
When gene editing exploded onto the scene over three decades ago, it brought previously inconceivable disease treatment and potentially curative therapies into view. Today, gene editing remains one of the most gripping topics in biopharma — and a recent wave of partnerships may move the industry even closer to broad, curative treatment for genetic disease.
Discoveries across the natural environment deriving in vivo and ex vivo biotechnologies have ushered a floodgate of development possibilities. With giants like Bayer, Moderna, Vertex and others signaling that gene editing will be a key driver of their future pipelines, how will the industry leverage this new frontier of genomic technology?
While biosimilars are seeing greater recognition from the federal government, most notably HHS’ Office of the Inspector General highlighting their cost-saving abilities, the inspection of manufacturing sites producing them is still lagging.
Juliana Reed, the executive director for the Biosimilars Forum, told Endpoints News in an interview that 90% of inspections at manufacturing sites for drugs and generics have continued apace, but for biosimilars, the rate has dropped to 67% as these inspections are a lower priority.
The room was packed and electric. That’s how it felt hosting an event in person for Endpoints News readers last month in San Diego.
It exceeded all our expectations, which wasn’t a given, with the pandemic changing the nature of live events. We hadn’t done one in over two years. And Endpoints grew a lot during that time. We quickly built a serious virtual events platform and developed big audiences around those online channels. But there’s nothing quite like being with your colleagues at a live event. Endpoints has a tradition of convening our audience of biopharma pros in major hubs worldwide since our start in 2016. And we’re thrilled to jump right back in.
Amid predictions of HIV advances unraveling during Covid, Gilead Sciences is doubling down on prevention, treatment options and on-the-ground community efforts, even as it awaits an FDA decision on its long-acting candidate.
At the AIDS 2022 conference beginning next week, Gilead will present new data and studies on HIV treatment Biktarvy and its long-acting PrEP and HIV candidate lenacapavir, but will also host a panel laying out the details — and importance — of community collaborations.
Roche CEO Severin Schwan will be moving to the board chairman role in a few months, making room for Thomas Schinecker — the current chief of the diagnostics division — to take the helm of the Swiss pharma conglomerate.
The changeover will take place at the company’s annual general meeting in March as Christoph Franz, chairman since 2014, decided not to seek re-election to the board.
The shuffle at the top comes as Roche has steadily beefed up its early-stage pipeline while vigilantly guarding its position as one of the top drugmakers around the world. By Evaluate’s estimate, it is set to rank second on the list of largest pharmas by 2028, falling just a tad behind AbbVie.
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Spanish heparin and API manufacturer Bioiberica is still not in the clear as far as the FDA is concerned, with a new warning letter related to contamination concerns.
The US regulator initially issued a Form 483 to the Spanish drugmaker’s manufacturing plant in Palafolls, north of Barcelona.
In an FDA inspection between Jan. 31 and Feb. 4 this year, the regulator found several major issues related to cleaning and contamination and a lack of control procedures among other observations. The agency has now issued a warning letter concerning significant deviations in cGMP for active APIs at the facility.
It’s been just over a month since Pfizer announced it was pumping $120 million into its Michigan facility to boost Paxlovid production, and now the Big Pharma is making another major investment in vaccine manufacturing, this time in its facility outside New York City.
According to a report from Bloomberg, Pfizer is looking to sink $470 million into expanding its vaccine research facilities at its location in Pearl River, NY, just 25 miles north of New York City. Pfizer will construct a new building as well as renovate existing facilities on the campus. The total expansion will be 260,000 square feet with an additional 55,000 square feet of lab space. The company is aiming for construction in the first quarter of 2026, the report said.
Scientists have long poked at tumor collagen. In some cases, collagen helped keep a tumor at bay. In others, it protected a tumor from T cells. One 2013 paper even described collagen as a “double-edged sword” when it came to cancer.
In a study published in Cancer Cell today, Raghu Kalluri of the University of Texas MD Anderson Cancer Center and colleagues illustrate how pancreatic cancer cells make their own unique type of collagen — one that not only protects them from the immune system, but also changes the very microbiome of the tumor itself. By drugging this unique cancer collagen, scientists hope to improve the effectiveness of cancer therapies such as checkpoint inhibitors, which is especially important for pancreatic cancers, where checkpoint inhibitors have had middling results.
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Mark Pruzanski spent more than 18 years growing Intercept from a startup to a commercial player looking for a landmark approval treating NASH. But 19 months after he stepped aside from his wounded biotech — after a CRL crushed its initial game plan for NASH — the longtime vet is getting up off the biotech board bench and getting back in the game, once again quarterbacking a startup that has some very familiar grand ambitions.
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Bioscience & Technology Business Center The University of Kansas Lawrence, Kansas
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