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Saturday, 10 October 2026

10 Oct · Biotech · In brief

Biotech · Saturday, 10 October 2026

Biotech, in brief

23 stories · 25 sources

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What is moving · 1 of 4

Money for young drug companies

Building →

TRex Bio raised $117 million selling its shares, at the lowest price in the range it had set. [10] A widely watched index of biotech shares has gone sideways since August after weak trial results. [11] Matchpoint, a Boston-area startup, raised $150 million from private backers. [12]

What is moving · 2 of 4

Big drugmakers buying in early

High ↑

GSK, a British drugmaker, signed up to use Chai Discovery's computer-designed antibodies. [7] Eli Lilly owned about 24% of TRex Bio before it sold shares to the public. [9] Novartis paid Matchpoint $60 million for an option on one of its drug ideas. [12]

What is moving · 3 of 4

Weight-loss drugs spreading

High ↑

About one in nine US adults now takes a weight-loss drug such as Wegovy or Zepbound, Gallup figures show. [22] Lilly tested Zepbound alongside its skin drug Taltz in psoriasis. [8] Australian patient groups asked for the drugs to be paid for in a hormone condition. [21]

What is moving · 4 of 4

Germs and bodies changing each other

Steady →

In Cameroon, children with sickle cell trait carried their own kind of malaria parasite. [16] An Oxford-led team filmed the steps by which mould makes penicillin, as germs grow resistant to older drugs. [18]

The US drug regulator lets Tukysa, Pfizer's breast cancer pill, join the first round of treatment, after it cut the risk of the cancer growing or death by 36%

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The FDA, the US drug regulator, has widened the use of Tukysa, a pill for HER2-positive breast cancer, to the first round of treatment for cancer that has spread. [1]

Who is involved

Who is involved

Why it matters

The next test is whether women given Tukysa in the follow-on live longer, which the trial has not yet shown. [2]

Who gains

Tukysa can now be given earlier, in the first follow-on treatment, rather than only after other HER2 drugs stop working. [1][2]

Who pays

They get more diarrhoea and more signs of liver strain than on Herceptin and Perjeta alone. [2]

Nobody knows yet

Whether adding Tukysa helps women live longer.

The follow-on trial showed the cancer was held back for longer, but its survival results are not yet mature. [2]

Good news

Women whose HER2-positive breast cancer has spread can now add Tukysa, a pill, to a follow-on treatment with no chemotherapy in it. In its final-stage trial, it cut the risk of the cancer growing or death by 36%.

The short version

That's the story in short.

The whole story has 11 more parts.

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The whole story, in 11 parts ↓

Part 1 of 11 · Who else is involved

Part 2 of 11

HER2-positive means the cancer cells carry too much of a protein called HER2, which pushes them to grow.

Part 2 of 11

Drugs that block HER2 have made it a highly treatable cancer. [3]

Part 3 of 11

Tukysa will be taken with two antibody drugs, Herceptin and Perjeta, as a follow-on treatment with no chemotherapy in it. [1]

Part 4 of 11

That follow-on comes after a first stretch of treatment that includes chemotherapy.

Part 4 of 11

Until now, the follow-on was usually Herceptin and Perjeta alone. [2]

Part 5 of 11

In a final-stage trial, adding Tukysa cut the risk of the cancer growing, or of death, by 36% compared with Herceptin and Perjeta alone. [1]

Part 6 of 11

The extra pill had a cost: more diarrhoea and more signs of liver strain in blood tests.

Part 6 of 11

Whether it helps people live longer is not yet known. [2]

Part 7 of 11

Tukysa first reached patients in 2020, for cancer that kept growing after other HER2 drugs.

Part 7 of 11

It was developed by Seagen and is now sold by Pfizer. [1]

Part 8 of 11

In that first trial, the time before the cancer grew went from 4.9 to 7.6 months, and average survival from 19.2 to 24.7 months. [2]

Part 9 of 11

The cancer spreads to the brain in 30% to 50% of people whose HER2-positive cancer has spread.

Part 9 of 11

Pills of Tukysa's kind can reach the brain. [2]

Part 10 of 11

In its first trial, almost half the patients had cancer in the brain.

Part 10 of 11

In them, Tukysa slowed new brain tumours and lengthened life. [2]

Part 11 of 11

Doctors now choose between two ways to start: chemotherapy then a follow-on, or a newer drug, Enhertu, given without stopping.

Part 11 of 11

The best order is still unsettled. [2][3]

Rasonque helps less in the commonest gene change

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Shares of Revolution Medicines fell 6% on Thursday after the FDA published its review of Rasonque, the company's pancreatic cancer pill. [1]

The FDA approved Rasonque in August because it nearly doubled survival against chemotherapy, in patients whose cancer had grown despite earlier chemotherapy. [1]

The approval rested on the overall result. The split by gene change became public only when the FDA's review papers came out.

The review showed tumours shrank far more often in patients with one change in the KRAS gene, called G12V. [1]

The gain was smaller with the G12D change, which is the commonest in pancreatic cancer, and worse with G12R. [1]

Why it matters

G12D patients are the largest group with pancreatic cancer, so the overall result says less about what they can expect. [1]

Why it matters

One analyst said rivals building drugs aimed only at G12D now have an opening, while others called the share fall an overreaction. [1]

How it works

Investors hear a drug's results before anyone can check them

How it works

A company announces "goal met" in a short statement, and money moves on it weeks or months before outside experts see the numbers.

How it works · step 1 of 5

A company gets a result from its study

How it works · step 2 of 5

It puts out a short statement: goal met, or goal missed

How it works · step 3 of 5

Share prices and deals move on that statement within hours

How it works · step 4 of 5

The full numbers wait for a medical meeting, a journal or a regulator's papers

How it works · step 5 of 5

Only then can outside experts check how big the effect is, and for whom

The twist

Investors usually judge a new drug first, and their verdict shows up in its maker's shares.

The twist

They are reading the company's own short statement, weeks or months before experts can read the numbers.

The picture

Endeavor said on 8 October that its lung drug met its goal. It is keeping the numbers for a future medical meeting.

Seen the same day

Endeavor's lung-scarring drug

Endeavor said its drug met its main goal and kept the numbers for a later medical meeting, so the only evidence anyone can read today is its own summary.

Seen the same day

Rasonque helps less in the commonest gene change

The weaker result for most patients came out in the FDA's review papers weeks after approval, and Revolution's shares fell 6% that day.

Seen the same day

TRex Bio and Retension sell shares

Investors paid $117 million for TRex shares, though its first eczema results are not due until mid-2027.

Seen the same day

GSK signs up for AI-designed antibodies

GSK signed after testing Chai's designs in its own laboratory, a check outsiders cannot see, and no design has yet been tried in people.

The catch

Many short statements turn out to be accurate. The gap is in timing and detail, and regulators and journals still check the full numbers later.

The whole

Patients hoping for a new drug, their doctors, investors and the company's own staff all read the same short statement on the same day.

The whole

None of them has seen the full numbers yet, and neither have we.

What's really going on

Endeavor kept its lung-drug figures back for a medical meeting [4], TRex raised $117 million with its first eczema results not due until mid-2027 [10], and Rasonque's weaker result in the commonest gene change surfaced only in FDA papers published after approval. [1]

Who gains

An analyst at Leerink Partners said Rasonque's weaker G12D result opens a door for them. [1]

Who pays

The shares fell 6% the day the FDA's review papers came out. [1]

Nobody knows yet

How much less Rasonque helps patients with the G12D gene change.

The FDA papers describe the gap as more modest, but the report we could read gives no figures, and analysts disagree on whether it matters. [1]

Ebola patient's route past airport checks

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Africa CDC, the African Union's health agency, has traced the six-week journey of Kenya's first Ebola patient, a 40-year-old businessman. [5]

He was treated in Congo for a skin infection and given antibiotics, but never tested for Ebola. [5]

He then crossed into Uganda and passed airport temperature checks in Uganda and Kenya. [5]

He died in Nairobi on 5 October, and Kenya has found 66 people he may have met there. [5]

Why it matters

More than 4,000 people have died of Ebola in Congo this year, the second deadliest outbreak known. [5]

Why it matters

A temperature check misses a patient whose fever is down, and investigators are asking whether his medicines lowered it. [5]

Who pays

Kenya has identified 66 possible contacts, who are being traced and watched. [5]

Nobody knows yet

How many people Kenya's Ebola patient infected, and why airport checks missed him.

Kenya has found 66 possible contacts and the WHO expects more; investigators are checking whether his medicines lowered his fever. [5]

A lung-scarring drug improves breathing in a trial

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Endeavor BioMedicines, a US company, said its pill taladegib met its main goal in a mid-stage trial of 213 people with idiopathic pulmonary fibrosis. [4]

In that disease, the lungs scar and stiffen for no known cause. [4] After 24 weeks, people on taladegib could breathe out more air than those on a dummy pill. [4]

The two drugs sold now, Boehringer's Ofev and Roche's Esbriet, only slow the decline. [4] Serious side effects were similar in both groups. [4]

Why it matters

Endeavor says it could be the first drug to reduce the scarring, not just slow it. [4]

Why it matters

The company has not released the numbers, which it is keeping for a future medical meeting, and next must agree a final-stage trial with the FDA. [4]

How it works

Endeavor's lung-scarring drug

Endeavor said its drug met its main goal and kept the numbers for a later medical meeting, so the only evidence anyone can read today is its own summary.

The idea, in story 2: Investors hear a drug's results before anyone can check them →

Why it works on people

A line saying a drug 'met its main goal' reads like a finished verdict, because it is written to be read on its own.

Nobody knows yet

How big taladegib's improvement in breathing was.

Endeavor said the trial met its main goal and is holding the detailed numbers for a future medical meeting. [4]

South Africa's twice-a-year HIV jab starts slowly

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Just over 71,000 people in South Africa had received lenacapavir by 5 October, health department figures show. [6]

Uptake so far, against the lower of the two yearly numbers researchers say would end AIDS as a public health threat.

Lenacapavir is an injection given every six months that almost completely protects HIV-negative people from catching the virus. [6]

It has been offered free at 360 government clinics since June, and cheaper copies arrive next year. [6]

Researchers at Wits University estimate that one to two million people taking it each year would end AIDS as a public health threat. [6]

Why it matters

The daily HIV prevention pill, equally effective, reached only 2.3 million of about 40 million people who could benefit. [6]

Why it matters

A 2022 survey found only a third of sexually active South Africans had heard of it. [6]

Nobody knows yet

Whether South Africa can reach one to two million people a year with its HIV jab.

About 71,000 had it by 5 October, and cheaper copies that would allow a wider roll-out arrive only next year. [6]

Good news

Just over 71,000 people in South Africa have had lenacapavir, an HIV jab given twice a year that almost completely stops infection. It has been free at 360 government clinics since June.

Vapes beat patches for quitting smoking

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Cochrane, a group that pools medical trials, updated its review of ways to quit smoking. [19] It now covers 80 trials and 29,861 people, nine trials more than before. [19]

4 of 100

extra people out of 100 who quit with vapes rather than patches or gum

Each dot is one person out of 100 trying to quit. The four filled dots are the extra quitters the review found.

Nicotine vapes helped about 4 more people in every 100 quit than nicotine patches or gum. [19]

The reviewers called that evidence high-certainty, and found no sign that vaping to quit raised the risk of serious harm. [19]

Why it matters

Smoking kills more than seven million people a year, the WHO estimates. [19] The finding covers regulated nicotine vapes only, and longer-term research on vaping is still needed. [19]

Good news

A review of 80 trials and 29,861 people found nicotine vapes helped about 4 more smokers in every 100 quit than patches or gum.

US obesity rate falls as jab prices drop

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The share of US adults with obesity fell from 39.9% in 2022 to 36.4% this year, Gallup figures cited in a Fortune commentary show. [22]

Gallup's survey figures for the share of US adults with obesity, drawn on a full scale of 0 to 100%.

About one in nine US adults now takes a weight-loss drug such as Wegovy or Zepbound. [22] Prices that topped $1,000 a month last year now start at $149. [22]

In India, copies sold for under $14 a month after patents there ran out this year. [22]

Why it matters

The commentary credits the drugs for most of the fall, but the survey alone cannot show what caused it. [22] Patents on Wegovy in the US run into the early 2030s. [22]

Nobody knows yet

How much of the fall in US obesity is due to weight-loss drugs.

The figures come from a Gallup survey quoted in a commentary that credits the drugs, without evidence that separates their effect from other causes. [22]

Good news

The share of US adults with obesity fell from 39.9% in 2022 to 36.4% this year, Gallup figures show.

Malaria parasites sorted by sickle cell trait

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Researchers studied more than 2,246 healthy schoolchildren in Mfou, Cameroon, and the malaria parasites inside them. [16]

Children carrying one copy of the sickle cell gene, called sickle cell trait, caught malaria as often as others. [16]

But they carried a different variety of the parasite, and were about a tenth as likely to fall ill. [16]

Two copies of the gene cause sickle cell disease; one copy protects against malaria. [16]

Why it matters

It suggests the trait protects partly by deciding which parasites can survive in a person. [16] The lead researcher, Sandrine Nsango, said humans shape the parasite's evolution in return. [16]

A blood test for how fast immunity ages

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A team at Washington University in St Louis and King's College London studied 12.4 million immune cells from over 2,600 adults aged 20 to 90. [17]

They found that the balance between two kinds of immune cell shifts with age, and shifts differently in different people. [17]

In 50,000 UK Biobank volunteers, a lean toward one kind went with more deaths, and more diabetes and kidney failure, ten years later. [17]

Why it matters

It may explain why two people born the same year age so differently. [17] The team is now turning the finding into a simple blood test. [17]

GSK signs up for AI-designed antibodies

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GSK, a British drugmaker, will use Chai Discovery's computer models to design antibodies, proteins that latch onto a chosen target. [7]

GSK signed after its own laboratory tested Chai's designs and found ones that stuck to every target tried. [7]

Chai, based in San Francisco, already works with Bristol Myers Squibb, Eli Lilly, Novartis and Pfizer, and raised $400 million this year. [7]

Why it matters

Five big drugmakers now use Chai's models. [7] Chai's designs have not yet been proven in patients, because drug development takes years. [7]

How it works

GSK signs up for AI-designed antibodies

GSK signed after testing Chai's designs in its own laboratory, a check outsiders cannot see, and no design has yet been tried in people.

The idea, in story 2: Investors hear a drug's results before anyone can check them →

Who gains

GSK joins Bristol Myers Squibb, Eli Lilly, Novartis and Pfizer as a client, after Chai raised $400 million this year. [7]

Nobody knows yet

Whether Chai's computer-designed antibodies work as medicines.

GSK's tests were in its own laboratory, and no Chai design has yet been proven in patients. [7]

Hair loss and nail trouble on weight-loss drugs

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A study of health records from 67 US health groups linked weight-loss drugs like Wegovy to a higher risk of hair loss. [20]

A smaller study presented in Austria found 66% of users reported at least one nail problem, but nail problems were common in non-users too. [20]

About 11% of Americans now take one of these drugs for weight loss, up from 3% in 2024, a Gallup poll found. [20]

Why it matters

These studies show a link, not proof that the drugs cause the problem. [20]

Why it matters

Prescriptions for US children aged 8 to 11 rose 310-fold between 2019 and 2026, and data on side effects in children is thin. [20]

Nobody knows yet

Whether weight-loss drugs cause the hair loss and nail problems seen in users.

The studies found links in health records and surveys, which cannot show cause, and nail problems were common in non-users too. [20]

Australian groups ask for weight-loss drugs in PMOS

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An Australian patient group asked Australia's government to pay for weight-loss drugs for people with PMOS, a lifelong hormone condition. [21]

PMOS, formerly called polycystic ovary syndrome, affects one in eight women and raises the risk of type 2 diabetes. [21]

Doctors already prescribe the drugs for it without approval for that use, and patients pay several hundred dollars a month. [21]

Why it matters

Australia does not pay for these drugs in PMOS, and a doctors' spokesperson said that may never happen. [21]

Why it matters

Another patient group said more research is needed on long-term safety in PMOS. [21]

Who pays

Those prescribed weight-loss drugs pay several hundred dollars a month, because Australia's government does not cover them for this use. [21]

Lilly's psoriasis drug tested with Zepbound

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Eli Lilly released new results from a trial giving people with obesity and psoriasis, an immune disease of the skin, both its skin drug Taltz and its weight-loss drug Zepbound. [8]

The pair cleared skin and cut weight more than Taltz alone by week 36. [8] The new analysis found the pair changed 482 blood proteins against 140 with Taltz alone. [8]

Why it matters

Lilly says it points to links between body fat and skin inflammation. [8] The analysis was exploratory, and patients in the trial knew which drugs they were given. [8]

An eye cancer pill passes its first test

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A first trial in people of roginolisib, an experimental pill, was published in Nature Communications. [13]

It gave the drug to 44 patients, 20 of them with a cancer that starts in the eye and spreads. [13] Severe side effects hit 3 of the 44. [13]

Patients with the eye cancer lived a median 18.4 months. [13] A second paper showed the drug locks its target enzyme in an off position. [14]

Why it matters

The trial had no comparison group, so it shows the drug is safe enough to test further, not that it works. [13]

Why it matters

The second paper explains how it hits only one of several closely related enzymes. [14]

A way to spot liver harm in new drugs

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Researchers published a method in Nature Chemical Biology for finding why some experimental prostate cancer drugs harm the liver. [15]

The drugs belong to a new kind, called degraders, that make the cell destroy a chosen protein. [15]

A computer model trained on protein readings from cells traced the harm to the cell's power supply. [15]

A small change to one part of the molecule made it gentler on the liver and still active against prostate tumours in mice. [15]

Why it matters

Degraders can remove proteins that ordinary drugs cannot block, but their two-headed shape brings harms of its own. [15] The work so far is in cells and mice. [15]

Penicillin's making filmed step by step

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A team led by the University of Oxford filmed the enzyme that builds the ring at the heart of penicillin as it works. [18]

They used powerful X-ray lasers to follow the reaction as it happened, instead of studying still pictures. [18]

They caught short-lived steps never seen before, including the moment the first ring forms. [18]

Why it matters

Knowing exactly how the enzyme works could help chemists design new antibiotics. [18] Professor Christopher Schofield said this matters as resistance to existing antibiotics keeps rising. [18]

Ultragenyx sells a fast-review pass for $210 million

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Ultragenyx, a US rare-disease company, sold a priority review voucher for $210 million on Wednesday. [1]

The FDA awards such a voucher with some approvals, and a buyer can use it to get a faster review of another drug. [1]

Ultragenyx earned this one with Glenglycos, a gene therapy for a rare disease in which the body cannot use stored sugar, and holds a second. [1]

Why it matters

The money comes a month after Ultragenyx said it would consider cuts, when its Angelman syndrome drug failed. [1]

Why it matters

The buyer was not named, so whose drug gets the faster review is unknown. [1]

Who gains

Selling one FDA fast-review voucher brought in $210 million a month after a failed drug pushed it to consider cuts. [1]

TRex Bio and Retension sell shares

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TRex Bio raised $116.7 million selling shares on the Nasdaq exchange, at $14, the bottom of its range. [10]

TRex makes drugs to calm an overactive immune system by switching on regulatory T cells, the body's own brakes. [9] Its first results in eczema are due in mid-2027. [10]

Retension, which is testing a blood pressure pill, raised $45 million, more than planned. [10]

Why it matters

Eli Lilly owned about 24% of TRex before the sale. [9] They are among 23 drug developers to list on the stock market this year. [9]

How it works

TRex Bio and Retension sell shares

Investors paid $117 million for TRex shares, though its first eczema results are not due until mid-2027.

The idea, in story 2: Investors hear a drug's results before anyone can check them →

Who gains

It owned about 24% of TRex before the share sale and had said it might buy more, keeping an early stake in a company whose immune drug it already licensed in 2023. [9][10]

Biotech shares stall as private buyouts grow

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A closely watched index of biotech shares more than doubled in the year to August, then went sideways. [11]

Analysts blamed weak trial results, rising interest rates and worry about the US midterm elections. [11] Meanwhile big companies bought 26 private biotechs this year, against 21 listed ones. [11]

The median price for a startup rose from $496 million in 2023 to $1 billion. [11]

Why it matters

Startups that waited out the slump now have trial data to sell. [11] One analyst said buyouts usually pick up after a slow summer. [11]

Matchpoint raises $150 million

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Matchpoint Therapeutics, a startup near Boston backed by Sanofi, raised $150 million. [12] It is building pills that bind to their target permanently, aimed at immune diseases. [12]

Its lead drug, MPT-062, should start human trials next year. [12] Novartis paid it $60 million earlier for an option on another drug idea. [12]

Why it matters

Its lead drug has not yet been tested in people, so the money pays for its first human trials. [12]

A $600 million fund for Asian biotechs

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TCGX, a US biotech investor, closed a $600 million fund for biotech companies in Asia on Wednesday. [1] It is opening offices in Shanghai and Hong Kong. [1]

The fund will run alongside two TCGX funds that back biotechs in the US and Europe. [1]

Why it matters

It is more money aimed at Asian drug companies. [1] The firm said only that a mix of international institutions put up the money, without naming them. [1]

Russia denies a second plague infection

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Russia's public health agency, Rospotrebnadzor, said on Thursday that reports of a second person falling ill after contact with a dead lab worker were fake. [23]

The 28-year-old worked at a plague research institute in Irkutsk, Siberia, and died on 2 October. [23][24]

The agency says testing found none of the germs she worked with, and a safety check found no accidents at the institute. [23]

It says nearly 5,000 tests found no dangerous germs among her contacts. [24]

Why it matters

The WHO said on Wednesday that it still does not know what killed her, and asked Russia for more information. [23]

Why it matters

Plague that reaches the lungs can spread from person to person, which is why one death drew this much concern. [24]

Breast milk read for clues to baby growth

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Researchers analysed 1,543 samples of breast milk from three groups of mothers, two of them in randomised trials, in a study published in Science. [25]

They measured the milk's proteins, fats, sugars, vitamins and other small molecules. [25] In the trials, giving mothers extra nutrition helped babies who had fallen behind in growth to catch up. [25]

A computer model picked out seven markers in milk that show how well the breast is making it. [25]

Why it matters

High levels of one molecule, valerylcarnitine, and low levels of vitamin B5 were linked to how the babies grew. [25]

Why it matters

The authors say the effect of a mother's own diet on her milk has often been played down in rich countries. [25]

The truth, across the day

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What's really going on

Much of today's drug news reached the public as a short summary, with the full numbers still to come.

That's the whole Biotech day.

23 stories, 25 sources.