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BioSpace is a hub for biotech industry news and careers, offering daily updates on companies, product developments, funding news, and industry trends.

SonoThera Bags $125M Series B to Advance Safer Gene Therapies
NewsJun 11, 2026

SonoThera Bags $125M Series B to Advance Safer Gene Therapies

San Francisco‑based SonoThera announced a $125 million Series B round to fund its non‑viral gene‑therapy platform. The capital will accelerate lead programs for Duchenne muscular dystrophy and autosomal dominant polycystic kidney disease into clinical trials and expand the pipeline to other organs....

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Portugal, Spain and the New Biotech Frontier
NewsJun 11, 2026

Portugal, Spain and the New Biotech Frontier

BioSpace’s Denatured podcast released an episode focusing on the burgeoning biotech ecosystem in Portugal and Spain. Guests Hannah Franklin of Biovance Capital and Pablo Gabriel Cironi Lopez of Caixa Capital Risc highlighted Portugal’s push to translate strong scientific research into...

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Sanofi Cans Late-Stage Study for Rare Autoimmune Disease on Underwhelming Efficacy
NewsJun 10, 2026

Sanofi Cans Late-Stage Study for Rare Autoimmune Disease on Underwhelming Efficacy

Sanofi has halted the Phase 3 MOBILIZE trial of its complement inhibitor riliprubart in chronic inflammatory demyelinating polyneuropathy (CIDP) after an independent data‑monitoring board deemed the interim results unlikely to demonstrate sufficient efficacy. The study, which enrolled roughly 140 patients and...

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Disc’s FDA Meeting Sets ‘Clear Path’ for Embattled Rare Blood Disease Drug
NewsJun 10, 2026

Disc’s FDA Meeting Sets ‘Clear Path’ for Embattled Rare Blood Disease Drug

Disc Medicine has secured an FDA agreement to resubmit its rare‑blood‑disorder drug bitopertin using data from the ongoing Phase 3 APOLLO trial. The agency previously rejected the drug in February 2026 over concerns that the surrogate endpoint did not reliably predict...

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Lilly Tees Off with Novo at ADA, GSK’s $10.6B Deal, FDA Reform Continues in Makary’s Absence
NewsJun 10, 2026

Lilly Tees Off with Novo at ADA, GSK’s $10.6B Deal, FDA Reform Continues in Makary’s Absence

Eli Lilly dominated the American Diabetes Association meeting with positive data on its new obesity pill Foundayo and the multi‑indication candidate retatrutide, showing benefits for weight loss, sleep apnea, knee pain and menopause. Novo Nordisk used the same forum to present expanded...

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Lilly’s $25B+ M&A Spree Captures Half of Pharma’s 2026 Capacity
NewsJun 10, 2026

Lilly’s $25B+ M&A Spree Captures Half of Pharma’s 2026 Capacity

Eli Lilly has led 2026 pharma mergers, spending $25.27 billion on ten deals—more than half of the $46.38 billion total outlay by the sector's top 12 companies. The acquisitions range from a $3.8 billion vaccine‑biotech trio to the $8.14 billion Centessa purchase, reflecting a strategy...

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Merck, Gilead Serve ‘Sweet and Sour’ Spread After HIV Win, Cancer Stumble
NewsJun 9, 2026

Merck, Gilead Serve ‘Sweet and Sour’ Spread After HIV Win, Cancer Stumble

Merck and Gilead reported that their once‑weekly oral HIV combo of islatravir and lenacapavir (IS/LEN) achieved non‑inferior virologic suppression versus Biktarvy and other standard regimens in two Phase 3 trials. At the same time, they halted the Phase 3 KEYNOTE‑D46 study of...

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ADA: Lilly Bests Novo Again, Takes GLP-1 Pill Foundayo to FDA for Diabetes Approval
NewsJun 9, 2026

ADA: Lilly Bests Novo Again, Takes GLP-1 Pill Foundayo to FDA for Diabetes Approval

Eli Lilly’s oral GLP‑1 drug orforglipron, marketed as Foundayo, demonstrated superior blood‑sugar control and greater weight loss than Novo Nordisk’s oral semaglutide and AstraZeneca’s Farxiga in three Phase 3 ACHIEVE trials. In the 52‑week ACHIEVE‑3 study, a 9 mg dose cut HbA1c by 1.9%...

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City Therapeutics Builds RNAi Pipeline with $99.5M Series B
NewsJun 8, 2026

City Therapeutics Builds RNAi Pipeline with $99.5M Series B

City Therapeutics announced a $99.5 million Series B financing to accelerate its RNA‑interference pipeline. The round backs its lead candidate CITY‑FXI, a Factor XI inhibitor in Phase 1 aimed at preventing clots without increasing bleed risk. Funds will also support a next‑generation trigger‑molecule platform...

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ADA: Novo Boasts Deep Pipeline, ‘Breadth of Assets’ After Analysts Award Lilly Weight Loss Gold
NewsJun 8, 2026

ADA: Novo Boasts Deep Pipeline, ‘Breadth of Assets’ After Analysts Award Lilly Weight Loss Gold

Novo Nordisk showcased more than 40 abstracts at the American Diabetes Association meeting, emphasizing post‑hoc analyses that link semaglutide (Wegovy/Ozempic) to fewer asthma events, lower systolic blood pressure, and improved fatty‑liver scores. The company highlighted its broad cardiometabolic pipeline, including...

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J&J Glows with $1B Buyout of Firefly and Its Degrader Platform Tech
NewsJun 8, 2026

J&J Glows with $1B Buyout of Firefly and Its Degrader Platform Tech

Johnson & Johnson announced a $1 billion cash acquisition of California‑based Firefly Bio, securing its degrader antibody conjugate (DAC) platform. The technology merges antibody‑drug conjugate precision with protein‑degrader capability to target KRAS‑driven solid tumors, a class long deemed undruggable. Firefly, founded...

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Busy FDA Gives Rare Disease Sector Complementary Pathways, Unanswered Questions
NewsJun 8, 2026

Busy FDA Gives Rare Disease Sector Complementary Pathways, Unanswered Questions

The FDA has rolled out two new rare‑disease frameworks—the plausible mechanism pathway and Rare Disease Evidence Principles (RDEP)—to complement its longstanding expedited programs. Both aim to speed approval for individualized gene‑editing, RNA, and ultrarare therapies by allowing narrower evidence sets....

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Post-Makary, New Rare Disease Framework Faces Fresh Uncertainty
NewsJun 8, 2026

Post-Makary, New Rare Disease Framework Faces Fresh Uncertainty

The FDA’s plausible mechanism pathway—designed to fast‑track individualized rare‑disease therapies—faces uncertainty after the departures of Commissioner Marty Makary and CBER director Vinay Prasad. A May 4 workshop clarified that the framework is not a new approval route but a set...

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ADA: Lilly’s Weight Loss Mastery Shows Benefits in Menopause, Sleep Apnea, More
NewsJun 7, 2026

ADA: Lilly’s Weight Loss Mastery Shows Benefits in Menopause, Sleep Apnea, More

Eli Lilly showcased its obesity portfolio at the ADA meeting, highlighting the triple‑hormone agonist retatrutide and the oral GLP‑1 Foundayo. Retatrutide delivered a 28.3% body‑weight reduction (about 70 lb) after 80 weeks, slashed knee‑pain by 73%, cut moderate‑to‑severe sleep‑apnea events by 60%...

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