Featured Stories
Key Insights from CDMO Trends in Oral Solid Dosage
The first pills date back to roughly 1,500 BC, and whilst the pharmaceutical landscape continues to evolve, drug delivery via oral solid dosage (OSD) remains a dominant form due to the ease with which tablets are administered, patients’ familiarity with the dose form, and efficient manufacturing techniques.
Lonza Expands Microbial Manufacturing to Meet Biotech Demand
Lonza has completed an expansion of its microbial manufacturing facility at Visp, Switzerland, to address the growing demand for microbial manufacturing - driven by the rise of smaller, more complex molecules in the biotech pipeline - and boost its capacity to meet the increasing demand for microbial-based biologics.
Tanvex BioPharma and Bora Pharmaceuticals Forge Global Biologics Manufacturing Alliance
Bora Pharmaceuticals has formed a strategic alliance with Tanvex BioPharma to combine their respective strengths in biologics development and global manufacturing, leveraging Tanvex's U.S. FDA-licensed facility and biosimilar expertise with Bora's extensive CDMO capabilities, which include 10 global manufacturing sites.
Lotte Group Restructures Bio Division, Focuses on CDMO Growth
Lotte Group, the South Korean conglomerate, plans to restructure its bio division by focusing on its profitable CDMO services business and shutting down loss-making Lotte Healthcare. The restructuring includes discontinuing its direct-to-consumer genetic testing business and transferring its health-functional food division to Lotte Wellfood.
Biotech Financing: The Dynamics of Strategic Investment
After a challenging few years, the biotech sector is experiencing a bifurcation in funding. While early-stage companies struggle to secure financing, clinical-stage biotechs and those in ‘hot’ therapeutic areas are thriving. This “winner-takes-all” environment is driven by both VCs and big pharma companies, which are increasingly drawn to assets closer to market.
Eli Lilly Embraces Oblique Antibody Discovery for New High-Value Targets
Eli Lilly is exploring a novel approach to antibody discovery by leveraging oblique antibody technology. The method aims to target previously inaccessible areas of high-value proteins, which could lead to the development of innovative therapies.
Scorpius Holdings Reports 16% Revenue Growth in Q2 2024
U.S.-based mammalian and microbial biologic CDMO, Scorpius Holdings, announced a 16% year-over-year revenue increase for the second quarter of 2024, reflecting the company's strong performance and strategic initiatives in the biopharmaceutical sector.
Bora Makes Strategic Investment in Tanvex to Combine Biomanufacturing
Bora’s Board of Directors has approved a deal whereby Bora Biologics will combine its biomanufacturing capabilities with those of Tanvex, a biopharma focused on biosimilars that also provides CDMO services. The deal, which is expected to close in the first quarter of 2025, will bring together Bora’s CDMO capabilities and expertise from Tanvex, as well as its FDA-approved commercial-scale facility in San Diego.
WuXi Secures New US Contracts Despite Biosecurity Concerns
WuXi Biologics has secured 61 new projects in the first half of 2024, with half originating from the U.S. The proposed BIOSECURE Act, which targets named Chinese biotech firms including WuXi Bio because of national security concerns. Although Wuxi has reiterated its commitment to regulatory compliance and denies it poses any security threats, it saw modest revenue growth and a significant decline in profits.
Fujifilm Diosynth Opens New Microbial Manufacturing Facility in the UK
Biopharmaceutical and biotech CDMO Fujifilm Diosynth Biotechnologies has inaugurated a state-of-the-art microbial manufacturing facility in Billingham, UK. The company says the new facility will enhance its large-scale microbial production capabilities.
CDMOs on the Rise: Powering the Future of Biopharma and Pharma with Unstoppable Growth
Recently published reports (from The Brainy Insights & InsightAce Analytic Pvt. Ltd) suggest the CDMO industry is poised for significant growth that will continue into the next decade.
Samsung Biologics Becomes First Korean CDMO to Join U.S. Nonprofit Group
Samsung Biologics has become the first Korean CDMO to join the prestigious Pharmaceutical Supply Chain Initiative (PSCI), responsible for promoting sustainable supply chains in the biopharmaceutical industry.
Eli Lilly Sees GLP-1 Success, Highlights Ongoing Challenges
Eli Lilly's recent financial success - largely driven by its GLP-1 weight loss drugs - has accounted for about 50% of last quarter's revenue. However, Chief Scientific Officer Dan Skovronsky cautioned investors about the complexities of developing competitive new obesity treatments.
Rentschler Expands Production Capacity Amid Growing CDMO Demand
German CDMO, Rentschler Biopharma, has opened a new production line in response to the surging demand for its CDMO services. The company is looking to increase its capacity to support the growing biopharmaceutical market, particularly in producing complex biologics, as the company seeks reliable partners for scaling up production.
Ajinomoto to Lay Off 71 Employees as It Streamlines CDMO Business
Japanese biotech, Ajinomoto, plans to lay off 71 employees at its California facility as part of a strategic move to streamline its CDMO business. This decision follows the company’s recent $620mn investment in Forge Biologics, as it looks to enhance its capabilities in the biologics manufacturing sector through the optimization of operations and focus resources on key growth areas.
23andMe Shuts Down Drug Discovery Group, Shifts to Personalized GLP-1 Weight Loss
Personal genomics and biotechnology company, 23andMe, has announced it is shutting down its internal drug discovery group, and shifting its focus to the popular GLP-1 drugs. The decision will result in the loss of 30 jobs, as the company seeks an entry point in personalized weight loss treatment, amid struggles with declining revenue and a recent failed bid to take the company private.
Merck Acquires B-Cell Depletion Therapy from Curon Biopharmaceutical
Merck has announced its acquisition of CN201, an investigational B-cell depletion therapy from Curon Biopharmaceutical to target B-cell-mediated autoimmune diseases. As part of the deal, Merck will pay $700mn upfront for the rights to the treatment, which could rise by another $600mn based on successful development and regulatory approval targets.
Analyzing the 1st Half Drug Sales from Top Pharma Companies
Whilst we’re just past the halfway mark of 2024, mid-year analysis of the top selling drugs for the top 10 pharma companies provides some interesting insights into the demands of the market so far this year. Analysis from PharmaVoice shows that the leading drugs have generated over $55bn in revenue so far - just over 20% of the combined total revenue generated ($243.3bn) by the companies featured.
Triastek and BioNTech Collaborate on 3D-Printed RNA Therapeutics
Triastek - the global leader in 3D printing pharmaceuticals - and BioNTech have announced a research collaboration and platform technology licensing agreement to develop 3D-printed oral RNA therapeutics. This collaboration will leverage Triastek's advanced 3D printing technology to optimize the delivery of RNA drugs via innovative oral tablet designs, ensuring they reach specific parts of the gastrointestinal tract. Triastek will receive a $10mn upfront payment, which could exceed $1.2bn based on milestone payments and royalties.
Alcami Expands Pharma Storage Capabilities in Garner
Alcami has expanded its pharmaceutical storage facility in Garner, North Carolina, as it looks to expand its offering for a wide range of cold, stability, and custom storage options. The new 65,000 ft² facility supports temperature-sensitive products like vaccines and biopharma therapies, with conditions ranging from controlled ambient to cryogenic storage.