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Sixth Dragonfly Drug Licensed by BMS; Milestone Payments received Following First Patient Dosing of Two TriNKET™ Immunotherapies
"We believe this recent opt-in decision by Bristol Myers Squibb further validates our drug discovery platform," said Bill Haney, Dragonfly's CEO. "We are also delighted that Bristol Myers Squibb has brought our partnered targeted NK cell engager therapies to their first patients. The ongoing clinical trials of four Dragonfly-developed drugs, including our first cytokine, underscores the breadth of Dragonfly's portfolio of innovative therapeutics, and the pace with which our team is bringing important new treatment options to patients with cancer and autoimmune disease."
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Calithera Expands Oncology Pipeline with Acquisition of Two Clinical-Stage Assets from Takeda Pharmaceuticals
“We believe that these clinical-stage compounds are an excellent complement to our internally-developed pipeline programs, and fit well with our current strategic focus on biomarker-driven therapeutic approaches. We are encouraged by the promising single-agent clinical data that suggest these investigational therapies could help transform treatment for multiple cancer patient populations with high unmet need,” said Susan Molineaux, PhD, president and chief executive officer of Calithera. “Specifically, sapanisertib has the potential to be the first targeted treatment for patients with NRF2-mutated squamous non-small cell lung cancer. We have learned a great deal about the unmet medical need of patients with KEAP1/NRF2 mutations, as well as how to identify and recruit these patients, during the conduct of our KEAPSAKE trial evaluating telaglenastat. This complementary approach in KEAP1/NRF2-mutant squamous NSCLC demonstrates our commitment to these patients and the pathway.
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Ten23 Health Company Shortly After Its Launch Acquires Swissfillion
Switzerland -based ten23 health, a global contract development and manufacturing organization (CDMO), acquired Swissfillon, a leader in the sterile filling of complex pharmaceuticals, based in Visp. Backed by 3i Group, ten23 health launched operations in August 2021.
Swissfillon is a leader in the sterile filling of complex pharmaceuticals into innovative containers and devices. The company, which was founded in 2013, employs over 50 people and is a specialized player in the global CDMO (contract development and manufacturing organization) market. Its operations have been approved by Swissmedic for the European market since 2018 and by the FDA for the US market since 2019. The company currently supports various clinical and early commercial customer programs. Swissfillon will join ten23 to enhance the companies’ integrated offering of drug product development services and fill-finish manufacturing to their combined group of customers.
The combined business of ten23 health and swissfillon will provide an integrated offering for sterile drug product development and manufacturing of biologics, challenging molecules, and dosage forms. Swissfillon will continue to operate under its brand, which stands for first-class Swiss quality and excellent know-how. Hanns-Christian Mahler, CEO of ten23 health, commented “Sterile fill and finish services are expected to experience significant growth over the coming years. The rising demand is driven by expanded drug development pipelines, incorporating more complex, large-molecule products and therapies that require specific expertise for both development and sterile production.”
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D&D Pharmatech Raises $51M In Series C Financing
D&D Pharmatech is a clinical-stage global biotech company that funds the development of revolutionary medicines through disease-specific subsidiary companies founded and guided by top-tier medical research faculty announced that it has completed a $51 million Series C round of financing led by Praxis Capital Partners, a private equity firm. The company is planning an initial public offering in Korea in 2022.
The company’s product pipeline focuses on a range of indications including neurodegenerative, fibrotic, and metabolic diseases. D&D pharma processing DD01, NLY01 nad TLY-12 in Phase 2 clinical trials. DD01is a proprietary dual agonist of GLP-1R and glucagon. Treatment with DD01 caused weight loss, reduced liver fat, and improved glucose tolerance in obesity, diabetes, and fatty liver disease. Also supports Phase 2 studies of NLY01; which is a proprietary long-acting analogue of exendin-4, a glucagon-like peptide-1 receptor (GLP-1R) agonist. It crosses the blood-brain barrier (BBB) and prevents neuronal cell death by inhibiting microglial activation and the formation of A1 neurotoxic astroglial cells. Treatment with NLY01 slowed disease progression, improved motor, and cognitive functions, and extended the lifespan in mice with Parkinson’s and Alzheimer’s disease. While TLY012 selectively targets myofibroblasts which are a significant originator of fibrosis, a condition that affects a variety of tissues, a proposed treatment for systemic sclerosis, liver fibrosis/cirrhosis, and chronic pancreatitis, as well as fibrosis-driven cancers.
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