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Friday, 25 September 2026

25 Sept · Biotech · In brief

Biotech · Friday, 25 September 2026

Biotech, in brief

16 stories · 16 sources

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What is moving · 1 of 4

Drugs for the patients others miss

Building ↑

Merck says 30% to 40% of eye patients get too little from today's drugs, and aimed remigromig at them. [1] Kyverna's CEO said every drug now used for stiff person syndrome is borrowed from other diseases. [2] Acadia designed a successor to its older psychosis drug to carry less heart-rhythm risk. [3]

What is moving · 2 of 4

Side effects deciding the result

High ↑

Remigromig matched Lucentis on vision but had higher rates of bleeding in the eye. [1] Amberstone designed its cancer drugs to work mainly in a tumour's acid, to spare healthy tissue. [6] Adding evorpacept in stomach cancer brought more blood-count side effects. [4]

What is moving · 3 of 4

Small trials, big claims

Building →

A Huntington's eating study had 20 people and no comparison group. [10] A spinal-injury trial of magnetic brain stimulation had 29. [13] Kyverna's one-year result compares 26 patients with how they were before treatment. [2]

What is moving · 4 of 4

Money for early cancer drugs

Building ↑

Novartis agreed to pay up to $900m for a radioactive cancer drug not yet tested in people. [5] Henlius, a Shanghai drugmaker, agreed to pay up to $440m for drug designs Amberstone has yet to make. [6] City Therapeutics filed to sell shares on Nasdaq. [8]

Merck's new eye drug did no worse than Lucentis in a year-long trial. More patients had bleeding inside the eye.

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Merck said its experimental eye drug remigromig did no worse than Lucentis, an established treatment, in Brunello, a trial that ran for a year. [1]

$1.3bn was paid upfront in 2024, and up to $1.7bn more depends on goals being met [1]

Who is involved

Who is involved

Why it matters

Watch the full numbers at next month's eye-doctors' meeting, above all how many patients had bleeding inside the eye, and whether a second trial against Lucentis matches Brunello in March. [1]

What's really going on

Merck's eye drug only had to show it was no worse than Lucentis, and Kyverna's cell treatment was measured against each patient's own starting point, with no comparison group. [1][2]

Why it works on people

The trade press called Merck's result a pivotal victory, and a victory sounds like better than Lucentis when the result was no worse than Lucentis. [1]

Who gains

A second route into the market for diabetic eye swelling, part of its effort to grow as patent protection on its cancer drug Keytruda runs out. [1]

Who pays

More of those given remigromig had bleeding inside the eye or stopped because of side effects. [1]

Nobody knows yet

How many patients on remigromig had bleeding inside the eye.

The report says the rates were higher than on Lucentis but gives no numbers, and Merck is still analysing them. [1]

Nobody knows yet

Whether remigromig helps the patients Lucentis fails.

Merck's research chief named those patients as the target. The reported result compares the two drugs across all the patients in the trial. [1]

The short version

That's the story in short.

The whole story has 12 more parts.

or swipe up for the next storyor scroll on for the next story ↓

The whole story, in 12 parts ↓

Part 1 of 12 · Who else is involved

Part 1 of 12 · Who else is involved

Part 2 of 12

The patients had diabetic macular edema: swelling at the back of the eye in people with diabetes, which blurs the centre of their vision. [1]

Part 3 of 12

Lucentis, sold by Roche's Genentech in the US, blocks VEGF, a signal that makes blood vessels in the eye grow and leak. [1]

Part 4 of 12

Remigromig works another way.

Part 4 of 12

It copies norrin, a natural molecule that helps keep the wall between the blood and the retina sealed. [1]

Part 5 of 12

The trial's main question was how well patients read an eye chart after 52 weeks.

Part 5 of 12

Both doses of remigromig were judged no worse than Lucentis. [1]

Part 6 of 12

More patients on remigromig had new fragile blood vessels, bleeding into the gel inside the eye, or stopped because of side effects. [1]

Part 7 of 12

The report gives no numbers for those side effects, and Merck says it is running more analyses. [1]

Part 8 of 12

In an earlier, smaller trial run by EyeBio, the company that first made the drug, no side effects were linked to it. [1]

Part 9 of 12

Merck's research chief, Dean Li, said 30% to 40% of patients do not respond to today's VEGF drugs, or stop responding. [1]

Part 10 of 12

He said Merck expects eye doctors to mix VEGF drugs and non-VEGF drugs like remigromig. [1]

Part 11 of 12

A Wells Fargo analyst asked Li whether Merck could beat Lucentis, and raised the argument that Merck had picked the weakest rival.

Part 11 of 12

Lucentis competes with Regeneron's Eylea and Roche's Vabysmo. [1]

Part 12 of 12

Merck will present the data at the American Academy of Ophthalmology meeting next month and discuss them with regulators. [1]

A one-time cell treatment keeps patients walking

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Kyverna Therapeutics reported one-year results on 24 September for miv-cel, a CAR-T treatment. [2]

8 of 12

patients who needed a walking aid before treatment and no longer did a year later

Twelve patients used a walking aid before the one-time treatment. Eight still did not need one a year on.

CAR-T means taking a patient's own immune cells, changing them to hunt a target, and giving them back. [2]

In 26 people with stiff person syndrome, a rare disease of rigid muscles and painful spasms, walking speed improved by a median 49%. [2]

Eight of the 12 who needed a walking aid before still did not. [2] In a second disease, myasthenia gravis, all five patients followed for a year kept their improvement. [2]

Why it matters

If the US regulator approves it, it would be the first CAR-T for a disease where the immune system attacks the body. [2]

Why it matters

Rivals Novartis and Bristol Myers Squibb paused similar trials in August after dangerous inflammation, including three patient deaths in Novartis's trials. [2]

How it works

The next drug is built for the patients the last one missed

How it works

A first drug for a disease helps most people but not all, so the next drug is designed for the ones it left behind.

How it works · step 1 of 6

A first drug helps most people with a disease

How it works · step 2 of 6

Some people get too little from it, or cannot take its side effects

How it works · step 3 of 6

Those people become the reason to build a next drug

How it works · step 4 of 6

The next drug has to work a different way

How it works · step 5 of 6

It is tested against the old drug and must at least match it

How it works · step 6 of 6

Doctors then use both, picking for each patient

The twist

A new drug does not have to beat the old one for everybody. It has to help the patients the old one did not help.

The picture

3 of 10

patients with diabetic eye swelling who get too little from today's drugs

Merck puts it at 30% to 40% of patients. The drawing shows the lower end: 3 people in every 10.

Seen the same day

Acadia's psychosis drug

Nuplazid carries a heart-rhythm risk, so Acadia built remlifanserin to hit the same target without it.

Seen the same day

Kyverna's cell treatment

Stiff person syndrome is treated with drugs borrowed from other diseases, and Kyverna built a one-time treatment for the patients those drugs do not stop.

Seen the same day

Evorpacept in stomach cancer

It is added for patients whose cancer grew despite HER2 drugs, and it works through a different part of the immune system.

Seen the same day

Amberstone's cancer drugs

Today's T-cell engagers can harm healthy tissue, so Amberstone designed ones that work mainly in a tumour's acid.

The catch

This only pays if doctors can tell early who the old drug will fail. If they cannot, the new drug competes for everyone and must beat the old one outright.

The whole

Every disease has patients the standard treatment does not help, and usually nobody knows who they are until the treatment has failed.

The whole

Any of us could turn out to be one of them.

Who gains

Its rivals paused their trials, while Kyverna reports no severe reactions in over 100 patients treated so far. [2]

Nobody knows yet

How much of Kyverna's result is the treatment itself.

The 26 patients were measured against their own starting point, not against a group given something else. [2]

Nobody knows yet

Why the rival cell treatments caused dangerous inflammation.

Analysts pointed to the fast way Novartis and Bristol Myers Squibb make their cells, but that was their guess. [2]

Good news

Eight of the 12 people with stiff person syndrome who needed a walking aid before one infusion of Kyverna's cell treatment were walking without it a year later. All five people with the muscle disease myasthenia gravis followed for a year after the same treatment kept their improvement.

An Alzheimer's psychosis drug just misses

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Acadia Pharmaceuticals said remlifanserin missed its main goal in the first part of a trial in people with Alzheimer's disease who have hallucinations and delusions. [3]

How far the symptom score fell by week 6. The dummy-drug group improved almost as much.

On the higher dose, a symptom score fell 12.6 points by week 6, against 10.4 on a dummy drug. [3]

The result fell just short of the line trials use to rule out chance. [3]

The drug was built to avoid a heart-rhythm risk of Acadia's older drug Nuplazid, and none was seen. [3]

Why it matters

Acadia will still run the final-stage part, with only the higher dose, and its shares opened 11% lower. [3]

Why it matters

Analysts noted that drugs borrowed from other conditions for these patients can cause lasting movement problems in some of them. [3]

How it works

Acadia's psychosis drug

Nuplazid carries a heart-rhythm risk, so Acadia built remlifanserin to hit the same target without it.

The idea, in story 2: The next drug is built for the patients the last one missed →

Who pays

They wait longer for a drug made for them, while drugs borrowed from other conditions can cause lasting movement problems in some. [3]

Who pays

The shares opened 11% lower after the near miss. [3]

Nobody knows yet

Whether Acadia's final-stage trial will clear the line its first part missed.

Acadia is considering enrolling patients with somewhat worse symptoms, and it tested that idea only by re-reading data it already had. [3]

A stomach-cancer add-on beats one test, not two

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Nature Medicine published a trial of evorpacept in 127 people whose advanced stomach cancer is driven by a protein called HER2 and had already been treated. [4]

Evorpacept blocks CD47, a signal cancer cells use to stop immune cells from eating them. [4]

Share of patients whose tumours shrank, across the whole trial.

Added to three standard drugs, it shrank tumours in 40.3% of patients, against 26.6% without it. [4] Where a fresh biopsy still showed HER2, the figures were 54.8% and 23.1%. [4]

Why it matters

It beat the comparison group by the margin set in advance, but missed a second test against a 30% benchmark from past trials. [4]

Why it matters

Blood-count side effects were more common, though overall safety was similar. [4]

How it works

Evorpacept in stomach cancer

It is added for patients whose cancer grew despite HER2 drugs, and it works through a different part of the immune system.

The idea, in story 2: The next drug is built for the patients the last one missed →

Good news

In people whose stomach cancer still carried the HER2 protein, tumours shrank in 54.8% of those given evorpacept with standard drugs, against 23.1% without it.

Novartis licenses a Chinese radioactive drug

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Novartis, the Swiss drugmaker that leads the market in radioactive cancer drugs, agreed this week to pay BoomRay Therapeutics of Suzhou, China, up to $900 million. [5]

The money covers an upfront payment plus milestones and royalties for a drug not yet tested in people. [5] These drugs carry a radioactive atom to a tumour.

Novartis sells two: Pluvicto for prostate cancer and Lutathera for rarer hormone-cell tumours. [5]

Why it matters

The deal came a day after Telix, an Australian company, agreed to buy ITM, whose drug would compete with Lutathera. [5]

Why it matters

Novartis had dropped a mid-stage radioactive drug in July after disappointing results. [5]

Who gains

Small companies are being paid by bigger ones, up to $900m and $440m, for drugs not yet tested in people. [5][6]

Nobody knows yet

What Novartis and Henlius are really paying.

Both deals give only a top figure, with no split between money paid now and money that depends on success. [5][6]

Henlius pays for designs from a US biotech

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Shanghai Henlius, a Chinese drugmaker that built its business on cheaper copies of biologic drugs, agreed a deal worth up to $440 million with Amberstone, a US biotech. [6]

Amberstone will design T-cell engagers for up to two targets Henlius chooses. [6] A T-cell engager is an antibody that ties the body's killer T cells to a cancer cell. [6]

Most approved ones treat blood cancers. [6]

Why it matters

Their known danger is an immune overreaction called cytokine release syndrome. [6]

Why it matters

Amberstone says its designs switch on in the acid around solid tumours and far less elsewhere, so far only in lab tests; its own first drug should reach people next year. [6]

How it works

Amberstone's cancer drugs

Today's T-cell engagers can harm healthy tissue, so Amberstone designed ones that work mainly in a tumour's acid.

The idea, in story 2: The next drug is built for the patients the last one missed →

Price deals may shrink Medicare's savings

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The Trump administration has signed drug-price deals with 26 companies, tying some prices for Medicaid, the US health plan for people on low incomes, to what other rich countries pay. [7]

Two separate plans for Medicare, the US government's health plan for older people, would also peg US prices to other countries. [7]

A Lancet study estimated those plans would save about $11.6 billion a year at first. [7]

Some drugmakers say their deals exempt them, and the study's lead author estimates exemptions could cut the savings by nearly 80%. [7]

Why it matters

The Medicare plans, called GLOBE and GUARD, are due to start on 1 October and 1 January 2027, but are not final. [7]

Why it matters

The US government has not said which companies are exempt, and the deals' details are confidential. [7]

Who gains

Some say their deals exempt them from Medicare's planned price limits, which were meant to cut what Medicare pays. [7]

Who pays

Exemptions could cut the planned savings on drug prices by nearly 80%, on one researcher's estimate. [7]

Nobody knows yet

Which drugmakers are exempt from the new Medicare price plans.

The US government has not said, and the price deals themselves are confidential. [7]

An RNA drug maker files to list

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City Therapeutics, founded in 2023 in Cambridge, Massachusetts, filed on 24 September to sell shares on the Nasdaq stock market. [8]

It makes drugs based on RNA, the molecule that carries a gene's instructions, for rare diseases. [8]

Its lead drug, CITY-FXI, is in an early trial against thrombosis, harmful clots inside blood vessels. [8] It has raised about $238.8 million from investors so far. [8]

Why it matters

ADARx, another RNA drug company, was expected to list on Friday. [8]

Why it matters

Reuters reported that autumn listings have struggled as rising interest rates on government bonds and worries about AI shares weigh on investors. [8]

A heart-device maker cuts most of its staff

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Adagio Medical, which makes a device that freezes heart tissue to stop dangerous fast heart rhythms, let go 25 of its 43 full-time staff. [9]

Its board is exploring a sale or merger. [9] Its shares closed at 23 cents on Wednesday, down 53%. [9]

It had about $7.7 million in cash in June, and Nasdaq warned it in August about its finances. [9]

Why it matters

The device uses liquid nitrogen at minus 196 degrees Celsius, and Adagio is still asking the US regulator to approve it. [9] It sent in its main trial results in May. [9]

Who pays

25 of 43 full-time employees lost their jobs as the company looks for a buyer. [9]

Eating within a few hours, tried in Huntington's

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Researchers at Oregon Health & Science University asked 20 people with early Huntington's disease to eat only within a six-to-eight-hour window each day for 12 weeks. [10]

Huntington's is an inherited brain disease with no approved treatment that slows it. [10] A disease-severity score improved by 0.5 points on average; it usually worsens about one point a year. [10]

A blood marker of nerve damage fell 13%. [10]

Why it matters

The study was small and had no comparison group, so it cannot show the eating pattern slows the disease. [10]

Why it matters

The team is seeking money for a proper trial against normal eating. [10]

Nobody knows yet

Whether eating within a few hours slows Huntington's disease.

The study had 20 people and no comparison group, and a larger trial is not yet funded. [10]

Good news

Twenty people with early Huntington's disease ate within a six-to-eight-hour window for 12 weeks, and a blood marker of nerve damage fell by 13% on average. In Huntington's that marker usually rises.

Long COVID linked to lost dopamine nerve endings

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Scientists at Canada's Centre for Addiction and Mental Health scanned the brains of people with long COVID and of healthy people. [11]

Dopamine is a brain chemical involved in motivation and movement. [11]

People with long COVID had much less of a marker of dopamine nerve endings in the striatum, a group of brain regions. [11] Losses in different areas matched different symptoms. [11]

Why it matters

Long COVID is estimated to affect about 5% of people worldwide and has no proven treatment. [11] The team plans a trial of drugs that boost dopamine in the coming months. [11]

Nobody knows yet

Whether dopamine drugs help people with long COVID.

The scans show a loss, and the trial to test the drugs has not started. [11]

Gut bacteria that stop maturing, and diabetes

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A study in Nature Metabolism followed 887 children at high genetic risk of type 1 diabetes for up to six years. [12]

Researchers read the DNA of gut microbes in 12,151 samples. [12] Children whose gut microbes stopped maturing early had about three times the risk of type 1 diabetes. [12]

Type 1 diabetes happens when the immune system destroys the cells that make insulin. [12]

Why it matters

It shows a link, not a cause. [12] It suggests early microbes and a child's own genes act together in who gets the disease. [12]

Magnetic pulses with therapy after neck injury

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A trial published on 22 September tested magnetic pulses to the brain, alongside occupational therapy, in 29 people with spinal cord injuries in the neck. [13]

Half got real pulses and half got a fake version, three times a week for five weeks. [13]

The real group gained more arm and hand strength, feeling and independence in daily life. [13]

Why it matters

The trial is small, with 14 and 15 patients in its two groups. [13] Scores for pain, muscle stiffness and low mood rose in both groups. [13]

One blood spot, 1,200 DNA checks for newborns

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Researchers described a test that checks up to 1,200 DNA targets from a single punch of a newborn's dried blood spot. [14]

It was tried on samples from 2,069 babies in the Philippines. [14]

It found gene changes behind conditions such as spinal muscular atrophy and fragile X, and signs of a severe immune disorder, in one run. [14] Results take 36 to 40 hours. [14]

Why it matters

The authors built it for countries where DNA sequencing is too costly, or too contested, for public newborn screening. [14]

Good news

A new newborn test checks up to 1,200 DNA targets from a single punch of a dried blood spot, and returns results in 36 to 40 hours.

How muscle channels open together

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Scientists at Berlin's Max Delbrueck Center imaged a muscle calcium channel, RyR1, at six stages of opening inside its natural membrane, using rabbit muscle. [15]

The channel releases the calcium that makes a muscle contract. [15] Neighbouring channels touch and help each other open, which one scientist compared to cogs in a clock. [15]

Why it matters

Many gene changes behind malignant hyperthermia, a dangerous reaction to some anaesthetics, sit exactly where the channels touch. [15] That contact point could become a target for new drugs. [15]

A Chinese drug factory passes a European inspection

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Altruist Biologics, a Chinese company that makes drugs for other firms, said its Suzhou factory passed an inspection by the European Medicines Agency with no critical findings. [16]

It is the first time the site has passed. [16] The inspection supports a client's application to sell a biologic drug in the European Union. [16]

Altruist says it holds about 20% of China's capacity of this kind. [16]

Why it matters

European approval of the client's drug depended on this inspection. [16] The US regulator recently rejected ITM's cancer drug on manufacturing grounds, before Telix agreed to buy ITM. [5]

Who gains

Passing a European inspection lets it make drugs its clients can sell in the European Union. [16]

The truth, across the day

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What's really going on

Several of this week's new drugs are aimed at patients whom existing treatments fail.

That's the whole Biotech day.

16 stories, 16 sources.