Friday, 25 September 2026
Friday, 25 September 2026
- In brief
- 1Merck's new eye drug did no worse than Lucentis in a year-long trial. More patients had bleeding inside the eye.
- 2A one-time cell treatment keeps patients walking
- 3An Alzheimer's psychosis drug just misses
- 4A stomach-cancer add-on beats one test, not two
- 5Novartis licenses a Chinese radioactive drug
- 6Henlius pays for designs from a US biotech
- 7Price deals may shrink Medicare's savings
- 8An RNA drug maker files to list
- 9A heart-device maker cuts most of its staff
- 10Eating within a few hours, tried in Huntington's
- 11Long COVID linked to lost dopamine nerve endings
- 12Gut bacteria that stop maturing, and diabetes
- 13Magnetic pulses with therapy after neck injury
- 14One blood spot, 1,200 DNA checks for newborns
- 15How muscle channels open together
- 16A Chinese drug factory passes a European inspection
- TruthThe truth, across the day
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
Merck says 30% to 40% of eye patients get too little from today's drugs, and aimed remigromig at them.
What is moving · 2 of 4
Side effects deciding the result
Remigromig matched Lucentis on vision but had higher rates of bleeding in the eye.
What is moving · 3 of 4
Small trials, big claims
A Huntington's eating study had 20 people and no comparison group.
What is moving · 4 of 4
Money for early cancer drugs
Novartis agreed to pay up to $900m for a radioactive cancer drug not yet tested in people.
16 stories
9 sources
Biotech, in brief
- 1Merck sees pivotal victory for $3B eye disease prospect
- 2Kyverna 'resetting conversation' with 1-year miv-cel data as autoimmune CAR-T peers hit safety snags
- 3Acadia misses mark in Alzheimer's but concludes phase 3 'absolutely worth' pursuing
- 4Evorpacept plus trastuzumab, ramucirumab and paclitaxel in HER2-positive gastric cancer: a randomized phase 2 trial
- 5Novartis secures new radioligand in $900M deal as competition strengthens
- 6China's Henlius carves out $440M T-cell engager deal with Amberstone
- 8Drug developer City Therapeutics files for US IPO as biotech listings surge
- 10Time-Restricted Eating Linked to Improved Huntington's Disease Markers
- 13Efficacy of combined repetitive transcranial magnetic stimulation and occupational therapy in spinal cord injury patients: a randomized controlled clinical study
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.
$1.3bn was paid upfront in 2024, and up to $1.7bn more depends on goals being met
Who is involved
Merck
one of the world's biggest drugmakers; it bought remigromig and ran the Brunello trial
Who is involved
Roche and Genentech
the Swiss drugmaker and its US arm; they sell Lucentis and a rival drug, Vabysmo
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.
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.
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.
Who gains
Merck
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.
Who pays
Patients in the Brunello trial
More of those given remigromig had bleeding inside the eye or stopped because of side effects.
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.
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.
The short version
That's the story in short.
The whole story has 12 more parts.
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The whole story, in 12 parts ↓
Part 1 of 12 · Who else is involved
EyeBio
the small company that first made remigromig; Merck bought it in 2024
Part 1 of 12 · Who else is involved
Dean Li
head of research at Merck; he says the drug is for the patients today's drugs fail
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.
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.
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.
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.
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.
Part 7 of 12
The report gives no numbers for those side effects, and Merck says it is running more analyses.
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.
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.
Part 10 of 12
He said Merck expects eye doctors to mix VEGF drugs and non-VEGF drugs like remigromig.
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.
Part 12 of 12
Merck will present the data at the American Academy of Ophthalmology meeting next month and discuss them with regulators.
2 sources
Merck's new eye drug did no worse than Lucentis in a year-long trial. More patients had bleeding inside the eye.
The full story
Merck's new eye drug did no worse than Lucentis in a year-long trial. More patients had bleeding inside the eye.
Merck said its experimental eye drug remigromig did no worse than Lucentis, an established treatment, in Brunello, a trial that ran for a year.
The patients had diabetic macular edema: swelling at the back of the eye in people with diabetes, which blurs the centre of their vision.
Lucentis, sold by Roche's Genentech in the US, blocks VEGF, a signal that makes blood vessels in the eye grow and leak.
Remigromig works another way. It copies norrin, a natural molecule that helps keep the wall between the blood and the retina sealed.
The trial's main question was how well patients read an eye chart after 52 weeks. Both doses of remigromig were judged no worse than Lucentis.
More patients on remigromig had new fragile blood vessels, bleeding into the gel inside the eye, or stopped because of side effects.
The report gives no numbers for those side effects, and Merck says it is running more analyses.
In an earlier, smaller trial run by EyeBio, the company that first made the drug, no side effects were linked to it.
Merck's research chief, Dean Li, said 30% to 40% of patients do not respond to today's VEGF drugs, or stop responding.
He said Merck expects eye doctors to mix VEGF drugs and non-VEGF drugs like remigromig.
A Wells Fargo analyst asked Li whether Merck could beat Lucentis, and raised the argument that Merck had picked the weakest rival. Lucentis competes with Regeneron's Eylea and Roche's Vabysmo.
Merck will present the data at the American Academy of Ophthalmology meeting next month and discuss them with regulators.
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.
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.
8 of 12
patients who needed a walking aid before treatment and no longer did a year later
CAR-T means taking a patient's own immune cells, changing them to hunt a target, and giving them back.
In 26 people with stiff person syndrome, a rare disease of rigid muscles and painful spasms, walking speed improved by a median 49%.
Eight of the 12 who needed a walking aid before still did not.
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.
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.
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
Nuplazid carries a heart-rhythm risk, so Acadia built remlifanserin to hit the same target without it.
Seen the same day
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
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
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
Kyverna
Its rivals paused their trials, while Kyverna reports no severe reactions in over 100 patients treated so far.
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.
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.
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.
1 source
A one-time cell treatment keeps patients walking
The full story
A one-time cell treatment keeps patients walking
Kyverna Therapeutics reported one-year results on 24 September for miv-cel, a CAR-T treatment.
8 of 12
patients who needed a walking aid before treatment and no longer did a year later
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.
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.
On the higher dose, a symptom score fell 12.6 points by week 6, against 10.4 on a dummy drug.
The result fell just short of the line trials use to rule out chance.
The drug was built to avoid a heart-rhythm risk of Acadia's older drug Nuplazid, and none was seen.
Why it matters
Acadia will still run the final-stage part, with only the higher dose, and its shares opened 11% lower.
Why it matters
Analysts noted that drugs borrowed from other conditions for these patients can cause lasting movement problems in some of them.
How it works
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
Alzheimer's patients with hallucinations
They wait longer for a drug made for them, while drugs borrowed from other conditions can cause lasting movement problems in some.
Who pays
Acadia's shareholders
The shares opened 11% lower after the near miss.
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.
1 source
An Alzheimer's psychosis drug just misses
The full story
An Alzheimer's psychosis drug just misses
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.
Why it matters. Acadia will still run the final-stage part, with only the higher dose, and its shares opened 11% lower.
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.
Evorpacept blocks CD47, a signal cancer cells use to stop immune cells from eating them.
Added to three standard drugs, it shrank tumours in 40.3% of patients, against 26.6% without it.
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.
Why it matters
Blood-count side effects were more common, though overall safety was similar.
How it works
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.
1 source
A stomach-cancer add-on beats one test, not two
The full story
A stomach-cancer add-on beats one test, not two
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.
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.
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.
The money covers an upfront payment plus milestones and royalties for a drug not yet tested in people.
Novartis sells two: Pluvicto for prostate cancer and Lutathera for rarer hormone-cell tumours.
Why it matters
The deal came a day after Telix, an Australian company, agreed to buy ITM, whose drug would compete with Lutathera.
Why it matters
Novartis had dropped a mid-stage radioactive drug in July after disappointing results.
Who gains
BoomRay and Amberstone
Small companies are being paid by bigger ones, up to $900m and $440m, for drugs not yet tested in people.
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.
2 sources
Novartis licenses a Chinese radioactive drug
The full story
Novartis licenses a Chinese radioactive drug
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.
Why it matters. The deal came a day after Telix, an Australian company, agreed to buy ITM, whose drug would compete with Lutathera.
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.
Amberstone will design T-cell engagers for up to two targets Henlius chooses.
Most approved ones treat blood cancers.
Why it matters
Their known danger is an immune overreaction called cytokine release syndrome.
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.
How it works
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 →1 source
Henlius pays for designs from a US biotech
The full story
Henlius pays for designs from a US biotech
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.
Why it matters. Their known danger is an immune overreaction called cytokine release syndrome.
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.
Two separate plans for Medicare, the US government's health plan for older people, would also peg US prices to other countries.
A Lancet study estimated those plans would save about $11.6 billion a year at first.
Some drugmakers say their deals exempt them, and the study's lead author estimates exemptions could cut the savings by nearly 80%.
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.
Why it matters
The US government has not said which companies are exempt, and the deals' details are confidential.
Who gains
Drugmakers that signed price deals
Some say their deals exempt them from Medicare's planned price limits, which were meant to cut what Medicare pays.
Who pays
Medicare and US taxpayers
Exemptions could cut the planned savings on drug prices by nearly 80%, on one researcher's estimate.
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.
The full story
Price deals may shrink Medicare's savings
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.
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.
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.
It makes drugs based on RNA, the molecule that carries a gene's instructions, for rare diseases.
Its lead drug, CITY-FXI, is in an early trial against thrombosis, harmful clots inside blood vessels.
Why it matters
ADARx, another RNA drug company, was expected to list on Friday.
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.
1 source
An RNA drug maker files to list
The full story
An RNA drug maker files to list
City Therapeutics, founded in 2023 in Cambridge, Massachusetts, filed on 24 September to sell shares on the Nasdaq stock market.
Why it matters. ADARx, another RNA drug company, was expected to list on Friday.
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.
Its board is exploring a sale or merger.
It had about $7.7 million in cash in June, and Nasdaq warned it in August about its finances.
Why it matters
The device uses liquid nitrogen at minus 196 degrees Celsius, and Adagio is still asking the US regulator to approve it.
Who pays
Adagio Medical's staff
25 of 43 full-time employees lost their jobs as the company looks for a buyer.
1 source
A heart-device maker cuts most of its staff
The full story
A heart-device maker cuts most of its staff
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.
Why it matters. The device uses liquid nitrogen at minus 196 degrees Celsius, and Adagio is still asking the US regulator to approve it.
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.
Huntington's is an inherited brain disease with no approved treatment that slows it.
A blood marker of nerve damage fell 13%.
Why it matters
The study was small and had no comparison group, so it cannot show the eating pattern slows the disease.
Why it matters
The team is seeking money for a proper trial against normal eating.
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.
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.
1 source
Eating within a few hours, tried in Huntington's
The full story
Eating within a few hours, tried in Huntington's
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.
Why it matters. The study was small and had no comparison group, so it cannot show the eating pattern slows the disease.
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.
Dopamine is a brain chemical involved in motivation and movement.
People with long COVID had much less of a marker of dopamine nerve endings in the striatum, a group of brain regions.
Why it matters
Long COVID is estimated to affect about 5% of people worldwide and has no proven treatment.
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.
1 source
Long COVID linked to lost dopamine nerve endings
The full story
Long COVID linked to lost dopamine nerve endings
Scientists at Canada's Centre for Addiction and Mental Health scanned the brains of people with long COVID and of healthy people.
Why it matters. Long COVID is estimated to affect about 5% of people worldwide and has no proven treatment.
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.
Researchers read the DNA of gut microbes in 12,151 samples.
Type 1 diabetes happens when the immune system destroys the cells that make insulin.
Why it matters
It shows a link, not a cause.
1 source
Gut bacteria that stop maturing, and diabetes
The full story
Gut bacteria that stop maturing, and diabetes
A study in Nature Metabolism followed 887 children at high genetic risk of type 1 diabetes for up to six years.
Why it matters. It shows a link, not a cause.
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.
Half got real pulses and half got a fake version, three times a week for five weeks.
The real group gained more arm and hand strength, feeling and independence in daily life.
Why it matters
The trial is small, with 14 and 15 patients in its two groups.
1 source
Magnetic pulses with therapy after neck injury
The full story
Magnetic pulses with therapy after neck injury
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.
Why it matters. The trial is small, with 14 and 15 patients in its two groups.
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.
It was tried on samples from 2,069 babies in the Philippines.
It found gene changes behind conditions such as spinal muscular atrophy and fragile X, and signs of a severe immune disorder, in one run.
Why it matters
The authors built it for countries where DNA sequencing is too costly, or too contested, for public newborn screening.
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.
1 source
One blood spot, 1,200 DNA checks for newborns
The full story
One blood spot, 1,200 DNA checks for newborns
Researchers described a test that checks up to 1,200 DNA targets from a single punch of a newborn's dried blood spot.
Why it matters. The authors built it for countries where DNA sequencing is too costly, or too contested, for public newborn screening.
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.
The channel releases the calcium that makes a muscle contract.
Why it matters
Many gene changes behind malignant hyperthermia, a dangerous reaction to some anaesthetics, sit exactly where the channels touch.
1 source
How muscle channels open together
The full story
How muscle channels open together
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.
Why it matters. Many gene changes behind malignant hyperthermia, a dangerous reaction to some anaesthetics, sit exactly where the channels touch.
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.
It is the first time the site has passed.
Altruist says it holds about 20% of China's capacity of this kind.
Why it matters
European approval of the client's drug depended on this inspection.
Who gains
Altruist Biologics
Passing a European inspection lets it make drugs its clients can sell in the European Union.
2 sources
A Chinese drug factory passes a European inspection
The full story
A Chinese drug factory passes a European inspection
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.
Why it matters. European approval of the client's drug depended on this inspection.
The truth, across the day
Swipe up for the truth ↑Scroll down for the truth ↓
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.