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Home » Authors » Marian (YoonJee) Chu

Articles by Marian (YoonJee) Chu

Praxis rallies on $279M China deal for tremor drug, pipeline updates

Jan. 9, 2024
By Marian (YoonJee) Chu
Boston-based Praxis Precision Medicines Inc.’s shares rose nearly 25% on Jan. 8 after it announced a pipeline update and licensing deal for its tremor drug, ulixacaltamide (PRAX-944), with Shanghai’s Tenacia Biotechnology Co. Ltd.
Read More
Pills, bottle, scale and-measuring tape

Rhythm to acquire LG Chem’s rare genetic obesity drug for $305M

Jan. 9, 2024
By Marian (YoonJee) Chu
Rhythm Pharmaceuticals Inc. is picking up LG Chem Ltd.’s oral small-molecule drug, LB-54640, for potentially $305 million, effectively growing its MC4R pipeline that houses U.S. FDA-approved Imcivree (setmelanotide) for genetic obesity disorders.
Read More
Antibody-drug conjugate

Medilink nets second $1B deal, out-licenses ADC to Roche

Jan. 9, 2024
By Marian (YoonJee) Chu
Three months out from its first $1 billion deal with Biontech SE for an antibody-drug conjugate (ADC), Suzhou, China-based Medilink Therapeutics Co. Ltd. clinched another potential $1 billion ADC deal, but this time with Roche Holding AG.
Read More
RNA strand

Argo, Novartis sign two deals for CV assets for potentially $4B+

Jan. 9, 2024
By Marian (YoonJee) Chu
Announcing two licensing deals with Swiss pharma giant Novartis AG, Shanghai-based Argo Biopharmaceutical Co. Ltd. said on Jan. 7 that it stands to gain up to $4.165 billion for two of its cardiovascular assets combined. Marking the “first significant overseas out-licensing transaction in the RNAi field from a Chinese biotech company,” the deal includes an up-front payment of $185 million from Novartis to Argo.
Read More
FDA icons and doctor

CG Bio gains FDA breakthrough designation for spine implant device

Jan. 9, 2024
By Marian (YoonJee) Chu
The U.S. FDA granted breakthrough device designation to CG Bio Co. Ltd.’s spine implantation device, Novosis putty, making it the first bone substitute material developed in South Korea to gain the agency’s priority support. Novosis putty, successor to CG Bio’s first generation Novosis Ortho, combines a bone-forming protein called recombinant human bone morphogenetic protein 2 (rhBMP-2; Nebotermin) with ceramic scaffolds to accelerate bone growth.
Read More
3D peptide illustration
Newco news

Perpetual aims to be peptide powerhouse

Jan. 9, 2024
By Marian (YoonJee) Chu
The field of peptides is exploding, Perpetual Medicines Corp. co-founder, chairman and CEO Kerry L. Blanchard recently told BioWorld, “with a projected growth rate far surpassing large and small molecules, and gene therapies. The area is underinvested, too, so this is a good opportunity to focus on peptide therapeutics.”
Read More
3D peptide illustration
Newco news

Perpetual aims to be peptide powerhouse

Jan. 9, 2024
By Marian (YoonJee) Chu
The field of peptides is exploding, Perpetual Medicines Corp. co-founder, chairman and CEO Kerry L. Blanchard recently told BioWorld, “with a projected growth rate far surpassing large and small molecules, and gene therapies. The area is underinvested, too, so this is a good opportunity to focus on peptide therapeutics.”
Read More
RNA strand

Argo, Novartis sign two deals for CV assets for potentially $4B+

Jan. 8, 2024
By Marian (YoonJee) Chu
Announcing two licensing deals with Swiss pharma giant Novartis AG, Shanghai-based Argo Biopharmaceutical Co. Ltd. said on Jan. 7 that it stands to gain up to $4.165 billion for two of its cardiovascular assets combined. Marking the “first significant overseas out-licensing transaction in the RNAi field from a Chinese biotech company,” the deal includes an up-front payment of $185 million from Novartis to Argo.
Read More
Pills, bottle, scale and-measuring tape

Rhythm to acquire LG Chem’s rare genetic obesity drug for $305M

Jan. 5, 2024
By Marian (YoonJee) Chu
Rhythm Pharmaceuticals Inc. is picking up LG Chem Ltd.’s oral small-molecule drug, LB-54640, for potentially $305 million, effectively growing its MC4R pipeline that houses U.S. FDA-approved Imcivree (setmelanotide) for genetic obesity disorders.
Read More
3D peptide illustration
Newco news

Perpetual aims to be peptide powerhouse

Jan. 5, 2024
By Marian (YoonJee) Chu
The field of peptides is exploding, Perpetual Medicines Corp. co-founder, chairman and CEO Kerry L. Blanchard recently told BioWorld, “with a projected growth rate far surpassing large and small molecules, and gene therapies. The area is underinvested, too, so this is a good opportunity to focus on peptide therapeutics.”
Read More
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