china
Another U.S. biotech based on Chinese science
Venture firm Aditum Bio yesterday launched a new company in the autoimmune space called Oblenio Bio. It's developing a tri-specific T-cell engager called LBL-051 meant to target antibody-mediated autoimmune diseases. The science is licensed from the China-based Leads Biolabs.
More U.S. investors are launching companies stateside that license technology from China. At the same time, Congress is moving to crack down on some Chinese companies through legislation like the BIOSECURE Act. President-elect Trump, meanwhile, has a history of sparking tensions with Beijing, and has threatened large tariffs and duties on Chinese exports. It remains to be seen whether venture capitalists will continue to advance a China-centric licensing model.
alzheimer's
A little candor from Cassava Science
Rick Barry, CEO of the embattled Alzheimer's company Cassava Sciences, tried yesterday to dispel some of the hype and misconceptions about forthcoming Phase 3 data on the company's controversial drug, simufilam. Barry said in an earnings call that everyone will soon see "whether our optimism is warranted or misplaced before too long."
There have been pronounced flaws in Cassava's early data, and mounting evidence suggests simufilam is inert, as STAT's Adam Feuerstein has pointed out. Barry said the company will be reporting on whether treatment hit its primary endpoints, as opposed to poring through the data to find efficacy elsewhere.
"Given the scrutiny this company is under, you can expect that we will measure twice and cut once before we report our results," Barry said. Even Adam was impressed.
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