gene therapy
All in a day's work: a licensing, a financing, and a reverse merger
We have another exclusive story — a new startup, Serapha Bio, launched today to develop a gene-editing therapy for a liver and lung disease called Alpha-1 Antitrypsin Deficiency, or AATD.
To create the company, founding investors RA Capital and RTW Investments went through multiple hoops — licensing the drug from a Chinese company, arranging $230 million in funding, and executing a reverse merger with Boundless Bio.
It was like “landing a whole bunch of planes at the same time,” one of the investors said.
Read more from STAT's Allison DeAngelis.
oncology
Pfizer's lung cancer drug disappoints
Pfizer's experimental drug for one the most common forms of lung cancer fell short in a clinical trial, serving a big blow to the company, which had positioned the treatment as a key growth driver.
In the Phase 3 study, the drug, called sigvotatug vedotin, did not lead to a statistically significant improvement in overall survival over a chemotherapy called docetaxel.
Pfizer acquired the therapy when it bought Seagen for $43 billion in 2023.
Read more from STAT's Matt Herper.
regulation
FDA launches pilot aimed at speeding up early trials
Officials yesterday announced a pilot program designed to speed up early-stage clinical trials and reduce development timelines by six to 12 months. The hope is to incentivize U.S.-based trials and combat Chinese competition.
The FDA will issue guidance reaffirming that a single, high-quality Phase 3 trial supported by confirmatory evidence is enough to allow drug approval. The agency also plans to release guidance on dose selection, support for program participants aimed at accelerating first-in-human studies, and clarity on approval pathways.
Read more from STAT's Chelsea Cirruzzo and Lizzy Lawrence.