Saturday, 10 October 2026
Saturday, 10 October 2026
- In brief
- 1The 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%
- 2Rasonque helps less in the commonest gene change
- 3Ebola patient's route past airport checks
- 4A lung-scarring drug improves breathing in a trial
- 5South Africa's twice-a-year HIV jab starts slowly
- 6Vapes beat patches for quitting smoking
- 7US obesity rate falls as jab prices drop
- 8Malaria parasites sorted by sickle cell trait
- 9A blood test for how fast immunity ages
- 10GSK signs up for AI-designed antibodies
- 11Hair loss and nail trouble on weight-loss drugs
- 12Australian groups ask for weight-loss drugs in PMOS
- 13Lilly's psoriasis drug tested with Zepbound
- 14An eye cancer pill passes its first test
- 15A way to spot liver harm in new drugs
- 16Penicillin's making filmed step by step
- 17Ultragenyx sells a fast-review pass for $210 million
- 18TRex Bio and Retension sell shares
- 19Biotech shares stall as private buyouts grow
- 20Matchpoint raises $150 million
- 21A $600 million fund for Asian biotechs
- 22Russia denies a second plague infection
- 23Breast milk read for clues to baby growth
- TruthThe truth, across the day
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
TRex Bio raised $117 million selling its shares, at the lowest price in the range it had set.
What is moving · 2 of 4
Big drugmakers buying in early
GSK, a British drugmaker, signed up to use Chai Discovery's computer-designed antibodies.
What is moving · 3 of 4
Weight-loss drugs spreading
About one in nine US adults now takes a weight-loss drug such as Wegovy or Zepbound, Gallup figures show.
What is moving · 4 of 4
Germs and bodies changing each other
In Cameroon, children with sickle cell trait carried their own kind of malaria parasite.
23 stories
- 1The 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%
- 2Rasonque helps less in the commonest gene change
- 3Ebola patient's route past airport checks
- 4A lung-scarring drug improves breathing in a trial
- 5South Africa's twice-a-year HIV jab starts slowly
10 sources
Biotech, in brief
- 7GSK drinks in Chai Discovery's AI models after wet-lab validation
- 8New Phase 3b data on Lilly's Taltz (ixekizumab) and Zepbound (tirzepatide) in adults with psoriasis and obesity
- 9TRex Bio prices $117M IPO to support immune drug work
- 10Lilly-backed TRex rakes in $117M IPO, while hypertension biotech Retension reveals $45M listing
- 11This week in charts: What's driving biotech's recent pullback?
- 12Matchpoint nets $150M series B to take covalent med into clinic
- 16Sickle Cell Trait Linked to Distinct Malaria Parasite Variants
- 18'Molecular Movie' of Penicillin Synthesis Could Inform Future Antibiotic Development
- 21Women with PMOS should get subsidised weight-loss drugs, Australian advocates say
- 22What a desert lizard teaches us about patents and the GLP-1 revolution
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.
Who is involved
The FDA
the US drug regulator; it widened Tukysa's approval to the first round of treatment
Who is involved
Pfizer
one of the world's biggest drugmakers; it sells Tukysa, first developed by Seagen
Why it matters
The next test is whether women given Tukysa in the follow-on live longer, which the trial has not yet shown.
Who gains
Pfizer
Tukysa can now be given earlier, in the first follow-on treatment, rather than only after other HER2 drugs stop working.
Who pays
Women adding Tukysa to their follow-on
They get more diarrhoea and more signs of liver strain than on Herceptin and Perjeta alone.
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.
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
Herceptin and Perjeta
two antibody drugs that block HER2; Tukysa is now added to them
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
3 sources
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%
The full story
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%
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.
HER2-positive means the cancer cells carry too much of a protein called HER2, which pushes them to grow. Drugs that block HER2 have made it a highly treatable cancer.
Tukysa will be taken with two antibody drugs, Herceptin and Perjeta, as a follow-on treatment with no chemotherapy in it.
That follow-on comes after a first stretch of treatment that includes chemotherapy. Until now, the follow-on was usually Herceptin and Perjeta alone.
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.
The extra pill had a cost: more diarrhoea and more signs of liver strain in blood tests. Whether it helps people live longer is not yet known.
Tukysa first reached patients in 2020, for cancer that kept growing after other HER2 drugs. It was developed by Seagen and is now sold by Pfizer.
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.
The cancer spreads to the brain in 30% to 50% of people whose HER2-positive cancer has spread. Pills of Tukysa's kind can reach the brain.
In its first trial, almost half the patients had cancer in the brain. In them, Tukysa slowed new brain tumours and lengthened life.
Doctors now choose between two ways to start: chemotherapy then a follow-on, or a newer drug, Enhertu, given without stopping. The best order is still unsettled.
3 of 10
at least 3 in 10 people with spread HER2-positive breast cancer get it in the brain
Why it matters. The next test is whether women given Tukysa in the follow-on live longer, which the trial has not yet shown.
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.
The FDA approved Rasonque in August because it nearly doubled survival against chemotherapy, in patients whose cancer had grown despite earlier chemotherapy.
The review showed tumours shrank far more often in patients with one change in the KRAS gene, called G12V.
The gain was smaller with the G12D change, which is the commonest in pancreatic cancer, and worse with G12R.
Why it matters
G12D patients are the largest group with pancreatic cancer, so the overall result says less about what they can expect.
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.
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 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
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
Investors paid $117 million for TRex shares, though its first eczema results are not due until mid-2027.
Seen the same day
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
Who gains
Companies making drugs aimed only at G12D
An analyst at Leerink Partners said Rasonque's weaker G12D result opens a door for them.
Who pays
Revolution Medicines' shareholders
The shares fell 6% the day the FDA's review papers came out.
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.
3 sources
Rasonque helps less in the commonest gene change
The full story
Rasonque helps less in the commonest gene change
Shares of Revolution Medicines fell 6% on Thursday after the FDA published its review of Rasonque, the company's pancreatic cancer pill.
Why it matters. G12D patients are the largest group with pancreatic cancer, so the overall result says less about what they can expect.
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.
He was treated in Congo for a skin infection and given antibiotics, but never tested for Ebola.
He then crossed into Uganda and passed airport temperature checks in Uganda and Kenya.
He died in Nairobi on 5 October, and Kenya has found 66 people he may have met there.
Why it matters
More than 4,000 people have died of Ebola in Congo this year, the second deadliest outbreak known.
Why it matters
A temperature check misses a patient whose fever is down, and investigators are asking whether his medicines lowered it.
Who pays
People who met Kenya's Ebola patient
Kenya has identified 66 possible contacts, who are being traced and watched.
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.
1 source
Ebola patient's route past airport checks
The full story
Ebola patient's route past airport checks
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.
Why it matters. More than 4,000 people have died of Ebola in Congo this year, the second deadliest outbreak known.
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.
In that disease, the lungs scar and stiffen for no known cause.
The two drugs sold now, Boehringer's Ofev and Roche's Esbriet, only slow the decline.
Why it matters
Endeavor says it could be the first drug to reduce the scarring, not just slow it.
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.
How it works
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.
1 source
A lung-scarring drug improves breathing in a trial
The full story
A lung-scarring drug improves breathing in a trial
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.
Why it matters. Endeavor says it could be the first drug to reduce the scarring, not just slow it.
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.
Lenacapavir is an injection given every six months that almost completely protects HIV-negative people from catching the virus.
It has been offered free at 360 government clinics since June, and cheaper copies arrive next year.
Researchers at Wits University estimate that one to two million people taking it each year would end AIDS as a public health threat.
Why it matters
The daily HIV prevention pill, equally effective, reached only 2.3 million of about 40 million people who could benefit.
Why it matters
A 2022 survey found only a third of sexually active South Africans had heard of it.
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.
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.
1 source
South Africa's twice-a-year HIV jab starts slowly
The full story
South Africa's twice-a-year HIV jab starts slowly
Just over 71,000 people in South Africa had received lenacapavir by 5 October, health department figures show.
Why it matters. The daily HIV prevention pill, equally effective, reached only 2.3 million of about 40 million people who could benefit.
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.
4 of 100
extra people out of 100 who quit with vapes rather than patches or gum
Nicotine vapes helped about 4 more people in every 100 quit than nicotine patches or gum.
The reviewers called that evidence high-certainty, and found no sign that vaping to quit raised the risk of serious harm.
Why it matters
Smoking kills more than seven million people a year, the WHO estimates.
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.
1 source
Vapes beat patches for quitting smoking
The full story
Vapes beat patches for quitting smoking
Cochrane, a group that pools medical trials, updated its review of ways to quit smoking.
4 of 100
extra people out of 100 who quit with vapes rather than patches or gum
Why it matters. Smoking kills more than seven million people a year, the WHO estimates.
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.
About one in nine US adults now takes a weight-loss drug such as Wegovy or Zepbound.
In India, copies sold for under $14 a month after patents there ran out this year.
Why it matters
The commentary credits the drugs for most of the fall, but the survey alone cannot show what caused it.
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.
Good news
The share of US adults with obesity fell from 39.9% in 2022 to 36.4% this year, Gallup figures show.
1 source
US obesity rate falls as jab prices drop
The full story
US obesity rate falls as jab prices drop
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.
Why it matters. The commentary credits the drugs for most of the fall, but the survey alone cannot show what caused it.
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.
Children carrying one copy of the sickle cell gene, called sickle cell trait, caught malaria as often as others.
But they carried a different variety of the parasite, and were about a tenth as likely to fall ill.
Two copies of the gene cause sickle cell disease; one copy protects against malaria.
Why it matters
It suggests the trait protects partly by deciding which parasites can survive in a person.
1 source
Malaria parasites sorted by sickle cell trait
The full story
Malaria parasites sorted by sickle cell trait
Researchers studied more than 2,246 healthy schoolchildren in Mfou, Cameroon, and the malaria parasites inside them.
Why it matters. It suggests the trait protects partly by deciding which parasites can survive in a person.
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.
They found that the balance between two kinds of immune cell shifts with age, and shifts differently in different people.
In 50,000 UK Biobank volunteers, a lean toward one kind went with more deaths, and more diabetes and kidney failure, ten years later.
Why it matters
It may explain why two people born the same year age so differently.
1 source
A blood test for how fast immunity ages
The full story
A blood test for how fast immunity ages
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.
Why it matters. It may explain why two people born the same year age so differently.
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.
GSK signed after its own laboratory tested Chai's designs and found ones that stuck to every target tried.
Chai, based in San Francisco, already works with Bristol Myers Squibb, Eli Lilly, Novartis and Pfizer, and raised $400 million this year.
Why it matters
Five big drugmakers now use Chai's models.
How it works
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
Chai Discovery
GSK joins Bristol Myers Squibb, Eli Lilly, Novartis and Pfizer as a client, after Chai raised $400 million this year.
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.
1 source
GSK signs up for AI-designed antibodies
The full story
GSK signs up for AI-designed antibodies
GSK, a British drugmaker, will use Chai Discovery's computer models to design antibodies, proteins that latch onto a chosen target.
Why it matters. Five big drugmakers now use Chai's models.
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.
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.
About 11% of Americans now take one of these drugs for weight loss, up from 3% in 2024, a Gallup poll found.
Why it matters
These studies show a link, not proof that the drugs cause the problem.
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.
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.
1 source
Hair loss and nail trouble on weight-loss drugs
The full story
Hair loss and nail trouble on weight-loss drugs
A study of health records from 67 US health groups linked weight-loss drugs like Wegovy to a higher risk of hair loss.
Why it matters. These studies show a link, not proof that the drugs cause the problem.
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.
PMOS, formerly called polycystic ovary syndrome, affects one in eight women and raises the risk of type 2 diabetes.
Doctors already prescribe the drugs for it without approval for that use, and patients pay several hundred dollars a month.
Why it matters
Australia does not pay for these drugs in PMOS, and a doctors' spokesperson said that may never happen.
Why it matters
Another patient group said more research is needed on long-term safety in PMOS.
Who pays
Women with PMOS in Australia
Those prescribed weight-loss drugs pay several hundred dollars a month, because Australia's government does not cover them for this use.
1 source
Australian groups ask for weight-loss drugs in PMOS
The full story
Australian groups ask for weight-loss drugs in PMOS
An Australian patient group asked Australia's government to pay for weight-loss drugs for people with PMOS, a lifelong hormone condition.
Why it matters. Australia does not pay for these drugs in PMOS, and a doctors' spokesperson said that may never happen.
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.
The pair cleared skin and cut weight more than Taltz alone by week 36.
Why it matters
Lilly says it points to links between body fat and skin inflammation.
1 source
Lilly's psoriasis drug tested with Zepbound
The full story
Lilly's psoriasis drug tested with Zepbound
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.
Why it matters. Lilly says it points to links between body fat and skin inflammation.
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.
It gave the drug to 44 patients, 20 of them with a cancer that starts in the eye and spreads.
Patients with the eye cancer lived a median 18.4 months.
Why it matters
The trial had no comparison group, so it shows the drug is safe enough to test further, not that it works.
Why it matters
The second paper explains how it hits only one of several closely related enzymes.
2 sources
An eye cancer pill passes its first test
The full story
An eye cancer pill passes its first test
A first trial in people of roginolisib, an experimental pill, was published in Nature Communications.
Why it matters. The trial had no comparison group, so it shows the drug is safe enough to test further, not that it works.
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.
The drugs belong to a new kind, called degraders, that make the cell destroy a chosen protein.
A computer model trained on protein readings from cells traced the harm to the cell's power supply.
A small change to one part of the molecule made it gentler on the liver and still active against prostate tumours in mice.
Why it matters
Degraders can remove proteins that ordinary drugs cannot block, but their two-headed shape brings harms of its own.
1 source
A way to spot liver harm in new drugs
The full story
A way to spot liver harm in new drugs
Researchers published a method in Nature Chemical Biology for finding why some experimental prostate cancer drugs harm the liver.
Why it matters. Degraders can remove proteins that ordinary drugs cannot block, but their two-headed shape brings harms of its own.
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.
They used powerful X-ray lasers to follow the reaction as it happened, instead of studying still pictures.
They caught short-lived steps never seen before, including the moment the first ring forms.
Why it matters
Knowing exactly how the enzyme works could help chemists design new antibiotics.
1 source
Penicillin's making filmed step by step
The full story
Penicillin's making filmed step by step
A team led by the University of Oxford filmed the enzyme that builds the ring at the heart of penicillin as it works.
Why it matters. Knowing exactly how the enzyme works could help chemists design new antibiotics.
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.
The FDA awards such a voucher with some approvals, and a buyer can use it to get a faster review of another drug.
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.
Why it matters
The money comes a month after Ultragenyx said it would consider cuts, when its Angelman syndrome drug failed.
Why it matters
The buyer was not named, so whose drug gets the faster review is unknown.
Who gains
Ultragenyx
Selling one FDA fast-review voucher brought in $210 million a month after a failed drug pushed it to consider cuts.
1 source
Ultragenyx sells a fast-review pass for $210 million
The full story
Ultragenyx sells a fast-review pass for $210 million
Ultragenyx, a US rare-disease company, sold a priority review voucher for $210 million on Wednesday.
Why it matters. The money comes a month after Ultragenyx said it would consider cuts, when its Angelman syndrome drug failed.
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.
TRex makes drugs to calm an overactive immune system by switching on regulatory T cells, the body's own brakes.
Retension, which is testing a blood pressure pill, raised $45 million, more than planned.
Why it matters
Eli Lilly owned about 24% of TRex before the sale.
How it works
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
Eli Lilly
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.
2 sources
TRex Bio and Retension sell shares
The full story
TRex Bio and Retension sell shares
TRex Bio raised $116.7 million selling shares on the Nasdaq exchange, at $14, the bottom of its range.
Why it matters. Eli Lilly owned about 24% of TRex before the sale.
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.
Analysts blamed weak trial results, rising interest rates and worry about the US midterm elections.
The median price for a startup rose from $496 million in 2023 to $1 billion.
Why it matters
Startups that waited out the slump now have trial data to sell.
1 source
Biotech shares stall as private buyouts grow
The full story
Biotech shares stall as private buyouts grow
A closely watched index of biotech shares more than doubled in the year to August, then went sideways.
Why it matters. Startups that waited out the slump now have trial data to sell.
Matchpoint raises $150 million
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Matchpoint Therapeutics, a startup near Boston backed by Sanofi, raised $150 million.
Its lead drug, MPT-062, should start human trials next year.
Why it matters
Its lead drug has not yet been tested in people, so the money pays for its first human trials.
1 source
Matchpoint raises $150 million
The full story
Matchpoint raises $150 million
Matchpoint Therapeutics, a startup near Boston backed by Sanofi, raised $150 million.
Why it matters. Its lead drug has not yet been tested in people, so the money pays for its first human trials.
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.
The fund will run alongside two TCGX funds that back biotechs in the US and Europe.
Why it matters
It is more money aimed at Asian drug companies.
1 source
A $600 million fund for Asian biotechs
The full story
A $600 million fund for Asian biotechs
TCGX, a US biotech investor, closed a $600 million fund for biotech companies in Asia on Wednesday.
Why it matters. It is more money aimed at Asian drug companies.
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.
The 28-year-old worked at a plague research institute in Irkutsk, Siberia, and died on 2 October.
The agency says testing found none of the germs she worked with, and a safety check found no accidents at the institute.
It says nearly 5,000 tests found no dangerous germs among her contacts.
Why it matters
The WHO said on Wednesday that it still does not know what killed her, and asked Russia for more information.
Why it matters
Plague that reaches the lungs can spread from person to person, which is why one death drew this much concern.
2 sources
Russia denies a second plague infection
The full story
Russia denies a second plague infection
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.
Why it matters. The WHO said on Wednesday that it still does not know what killed her, and asked Russia for more information.
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.
They measured the milk's proteins, fats, sugars, vitamins and other small molecules.
A computer model picked out seven markers in milk that show how well the breast is making it.
Why it matters
High levels of one molecule, valerylcarnitine, and low levels of vitamin B5 were linked to how the babies grew.
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.
1 source
Breast milk read for clues to baby growth
The full story
Breast milk read for clues to baby growth
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.
Why it matters. High levels of one molecule, valerylcarnitine, and low levels of vitamin B5 were linked to how the babies grew.
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.