California-based biotech Synthego has been mainly focused on developing CRISPR-based tools to help researchers in academia and biotech, but its latest move now is turning its attention more towards manufacturing.
The company has broken ground on a 20,000-square-foot manufacturing facility in the San Francisco Bay Area, expanding its GMP capacity by 30 times, Synthego said in an email to Endpoints News. The facility is also going to manufacture materials for translational and clinical research development for cell and gene therapies as well.
According to the company, the factory is an expansion that will enable Synthego to significantly expand the production of its gene-editing tools and produce the elements necessary for CRISPR-mediated gene therapies throughout the industry.
The new facility is expected to be built and start operations within the year. According to the company, a significant amount of capacity has already been prioritized for its customers but it has not specified how many customers the company has.
While the company did not divulge the specifics on the cost of the facility when the company netted their $200 million Series E in February — some of those funds were dedicated to manufacturing, but no specifics were presented.
“We designed this facility to deliver our GMP single guide RNA (sgRNA) at a scale not only to meet the needs of our biopharma partners but to drive the industry forward and realize the full potential of the rapidly expanding field of cell and gene therapies,” said Synthego CEO Paul Dabrowski.
According to the company, the facility will contain 10,000 square feet of lab space, including dedicated quality control and research and development labs. 7,000 square feet will be a dedicated cleanroom space for 24/7 parallel batch production. This will allow customers to scale from early-phase research to process development to clinical research and development activities needed for FDA submissions.
Synthego has been growing rapidly over the past few years as the company netted a $100 million D round in 2020 to build out its platform of CRISPR assays, screens and engineered cell lines.
CRISPR-related manufacturing is also becoming more and more prevalent with Aldevron and Intellia inking deals to establish manufacturing sites or to make specific CRISPR materials.
With Keytruda bulling its way past the $5 billion mark for Q2 sales, you could say that the top execs at Merck can be believed when they say how keenly interested they are in using its cash reserves for new M&A and licensing deals. Just don’t ask what they’re negotiating to buy right now.
The analysts largely tiptoed around the biggest buzz about Merck today: that it’s engaged in discussions to buy Seagen for $40 billion-plus. They’re a polite bunch that needs to be on a first-name basis with CEO Rob Davis. But Davis was willing to emphasize that the pharma giant has the means and the intent to do more deals.
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While Rich Nelson is out as interim CEO of vTv Therapeutics, he will be continuing as the company’s EVP of corporate development as Paul Sekhri takes the mantle of president and CEO on Aug. 1.
In Nelson’s four short months as head of the North Carolina-based biotech, he saw G42 Healthcare, a UAE health tech company, invest in vTv and agree to collaborate on vTv’s Phase III study for a type I diabetes treatment. Prior to Nelson’s stepping in as CEO, Deepa Prasad had served as CEO, though she too was only there for a few months.
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Most pharma TV commercials include a link at the end of the ad, offering a website link for viewers who want more information. It turns out millions of them do. So far in 2022, AbbVie, Novo Nordisk and AstraZeneca are leading the pharma pack with the most engagements garnered, according to data for the first half of 2022 from TV ad tracker EDO.
AbbVie’s Allergan Vuity eyedrops for age-related blurry vision drove the most searches among pharma TV advertising, generating 3.43 million searches after ad runs. That’s more than double the total for the next searched TV ad at No. 2, Novo Nordisk’s Ozempic, which notched 1.7 million, in EDO’s research.
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AstraZeneca CEO Pascal Soriot has been “pruning the tree” for quite some time, cutting a slate of unwanted programs across a range of indications over the last few quarters. And though the chief executive revealed two new cuts on Friday, he said he’s just about ready to put the clippers down and focus on “trying to grow new branches.”
Soriot expects the next couple of years to be “extremely rich in clinical results,” with more than 20 Phase III readouts slated for next year.
Beyond the back and forth of whether Democrats’ drug price negotiation plan is necessary to bring down costs, or just a thinly veiled attempt at price controls, the nuts and bolts of the deal mean pharma companies will inevitably see the tail ends of certain small molecule and biologic sales peter out before they otherwise would have in today’s marketplace.
While the bill’s text is not set in stone, and the Senate parliamentarian may still take issue with the excise tax that CMS will use to ensure companies comply with the negotiated prices, SVB Securities explained to investors how more than a dozen drugs from Eli Lilly, AstraZeneca, AbbVie and J&J, among others, would lose out on some revenue just before their generic competitors hit the market.
AbbVie’s executive team stayed right on track in Q2, with its Skyrizi franchise — now newly approved for Crohn’s — continuing to rack up impressive sales, making up for some unexpected weakness from a stronger dollar. The erosion of the Imbruvica franchise, however, dragged down the stock price $ABBV 5% Friday.
That set the stage for a bullish presentation by CEO Rick Gonzalez, who carefully steered the conversation around the looming loss of US exclusivity with Humira to the formulary discussions now underway that would allow the megabrand to continue to generate revenue in 2023 and 2024, as AbbVie’s newer entries became better established and some hot pipeline picks get a chance to prove themselves in pivotal trials.
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While Sarepta has three antisense oligonucleotide therapies approved — albeit not without controversy — for Duchenne muscular dystrophy, it has been working on a long-term treatment in the form of a gene therapy.
After posting positive results for its Roche-partnered gene therapy, dubbed SRP-9001, earlier this month, the Cambridge, MA-based biotech says it now intends to pursue an accelerated approval for its latest Duchenne treatment. Sarepta shares $SRPT rose about 10% on the news in early Friday trading.
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Nine years after doling out $50 million upfront to Merck, it appears AstraZeneca’s work in the WEE1 inhibitor space is over.
The UK Big Pharma has ended two studies of adavosertib, a Phase I trial in solid tumors in combo with PD-1 Imfinzi and a Phase II study testing the drug in patients with ovarian cancer, solid tumors and uterine serous cancer.
The company’s top oncology R&D executive, Susan Galbraith, said WEE1 “remains an important target” but the company has gone in a different direction because AstraZeneca wants a pipeline focused on “products that we think have a greater transformative ability for the treatment of patients with cancer.”
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Labcorp announced this morning that it is spinning out most of its CRO business, eight years after its $6 billion Covance acquisition.
Labcorp will keep its core business directed at diagnostic testing, the company said Thursday morning after the Wall Street Journal reported the split earlier in the morning, citing sources familiar with the matter. A tax-free spinout is expected in the second half of next year, the company said.
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Bioscience & Technology Business Center The University of Kansas Lawrence, Kansas
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