News

Denmark-based Zealand Pharma A/S has announced an offering of new shares which is expected to raise DKK 6.3 billion ($900 million). This will be done by way of a private placement directed at institutional and professional investors in Denmark and elsewhere. Zealand Pharma is one of a growing number of companies developing new drugs for obesity and fibrosis. Its peptide-based medicines, also intended to treat rare diseases, include two marketed products and three in late-stage development.

The European Medicines Agency has given a conditional marketing authorisation to a gene therapy for haemophilia B which is a one-time treatment for the rare inherited blood disorder. Announced on 31 May, the decision is for fidanacogene elaparvovec, an adeno-associated virus based therapy that is designed to deliver a functional copy of the Factor 9 gene into the body enabling patients to produce Factor 9 protein themselves. The developer is Pfizer Inc which received US regulatory approval for the same therapy in late April.

The US Food and Drug Administration has expanded the permitted medical use of a gene therapy for Duchenne muscular dystrophy (DMD), making it available to patients who are both ambulatory and non-ambulatory. DMD is a genetic disorder characterised by a progressive deterioration of muscle due to abnormalities in, or the absence of, dystrophin protein which helps keep muscle cells intact.

Formycon AG of Germany has started clinical development of a candidate biosimilar of Keytruda (pembrolizumab), the checkpoint inhibitor for melanoma and other cancers that has revolutionised medical practice by blocking the interaction between two proteins and activating the immune system to kill cancer cells. To date, Keytruda has been approved for 48 medical indications.

Pfizer Inc has entered into a partnership with a Cambridge, US, based venture capital group and its network of drug discovery and development companies, to identify proteins that might become the basis of new drugs for obesity. The venture capital group is Flagship Pioneering and the drug discovery activities are located at Pioneering Medicines, an in-house unit of Flagship, and Profound Therapeutics, a Flagship spin-off company. Pfizer has been collaborating with Pioneering Medicines since 2023. 

A new research project based in Denmark is to examine whether changes in the human microbiome can potentially cause cardiometabolic diseases such as obesity, type 2 diabetes and cardiovascular disease. Announced on 22 May, the project will be initially financed by the Novo Nordisk Foundation, a philanthropic organisation whose assets are managed by Novo Holdings. Novo Holdings is the controlling shareholder of Novo Nordisk A/S, developer of the obesity drugs liraglutide and semaglutide. 

GSK Plc has acquired Elsie Biotechnologies of San Diego, US, in order to expand its presence in the field of oligonucleotide drugs. These are small pieces of DNA or RNA that can block the ability of RNA to make proteins. The two companies have been collaborating since July 2023 on the development of potential therapies for chronic hepatitis B and steatotic liver disease.

Data from an early clinical trial of a small molecule drug intended to treat solid tumours by modulating an enzyme that plays a key role in the presentation of antigen to the human immune system were positive, according to the developer Grey Wolf Therapeutics Ltd. Data from the Phase 1/2 study were presented at the 2024 American Society of Clinical Oncology annual meeting on 3 June. The drug, GRWD5769 was well-tolerated after repeat dosing. It also showed an ability to modulate the immunopeptidome.

Blincyto (blinatumomab), a bispecific antibody first approved for cancer in 2014, has received a new indication from the US Food and Drug Administration, extending its coverage for the treatment of B cell acute lymphoblastic leukaemia (B-ALL). B-ALL, an aggressive leukaemia, is the most common type of acute lymphoblastic leukaemia.
The new indication is for the treatment of adults and children from the age of one month for CD19 positive Philadelphia chromosome-negative B cell precursor acute lymphoblastic leukaemia. 

A gene therapy being investigated in a Phase 3 trial of boys with Duchenne muscular dystrophy (DMD) has failed to reach its primary endpoint of improvement in motor function, the developer Pfizer Inc announced on 12 June. The therapy, fordadistrogene movaparvovec, missed the primary endpoint at one year as well as key secondary endpoints compared with a placebo. The secondary endpoints included an improvement in velocity in a 10 metre run or walk. Participants were boys between the ages of four and seven who were on a daily regimen of glucocorticoids.