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Top Biotech News (06 Dec 2024)

Intra-Cellular Eyes Depression Approval for Caplyta as Stock Flies Under the Radar

Summary: Intra-Cellular seeks FDA approval for Caplyta to treat major depressive disorder – an expansion that could generate an additional $1B in revenue, with Jefferies analysts noting the stock remains undervalued.

Roche Partners With COUR in Autoimmune Deal Potentially Worth More Than $900M

Summary: COUR and Genentech (Roche) have partnered to utilize COUR’s antigen-specific immune tolerance platform for developing therapies targeting an undisclosed autoimmune disease.

Novartis wagers billions of dollars on PTC Huntington’s drug

Summary: At the center of a new licensing deal is an experimental medicine currently being tested in a roughly 250-person study that should produce results next year.

Diabetes advocacy group discourages use of compounded GLP-1 drugs

Summary: The American Diabetes Association recommended doctors prescribe alternative FDA-approved drugs as Wegovy and Zepbound remain difficult to reliably obtain.

Bristol Myers Squibb taps AI Proteins in drug discovery collaboration worth up to $400M

Summary: Bristol Myers Squibb has enlisted three-year-old Massachusetts biotech AI Proteins to use its artificial intelligence-driven platform to discover and develop therapeutic miniproteins for two undisclosed targets.

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