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Assertio accepts new buyout bid; AI biotech Isomorphic banks $2B

Today, a brief rundown of news involving Assertio Holdings and Isomorphic Labs, as well as updates from Kyverna Therapeutics and AC Immune that you may have missed. Assertio Holdings has terminated a buyout deal with Garda Therapeutics after accepting a new of

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Today, a brief rundown of news involving Assertio Holdings and Isomorphic Labs, as well as updates from Kyverna Therapeutics and AC Immune that you may have missed. Assertio Holdings has terminated a buyout deal with Garda Therapeutics after accepting a new offer from another bidder. Garda originally offered $18.50 per share for Assertio in April, and upped its bid to $21.80 per share earlier this month. A new bid from Zydus Worldwide , however, values Assertio shares at $23.50 apiece, or about $166.4 million overall, and involves no contingencies or outside financing, the company said Wednesday. The Zydus deal has been deemed a “superior proposal” by Assertio’s board and is expected to close in the second quarter. Assertio’s chief product is Rolvedon , a drug that’s used to reduce the risk of infections in people receiving chemotherapy and that generated about $68 million in 2025 sales. — Ben Fidler Isomorphic Labs , an AI drug discovery company founded by Google DeepMind CEO Demis Hassabis , has raised $2.1 billion in a Series B financing the company will use to expand and progress its drug pipeline towards clinical testing. Isomorphic hasn’t disclosed which kinds of drugs it’s working on or how far away they are from human trials. However, the well-funded startup has brokered deals with Novartis, Eli Lilly and Johnson & Johnson and said Tuesday it intends to apply AI to the “most complex biological and medical challenges and addressing the global burden of disease.” Among the rounds tracked by BioPharma Dive , Isomorphic’s funding ranks as the largest venture funding since at least 2022. The financing was led by Thrive Capital and involved additional backing from Alphabet , GV and four other investors. — Gwendolyn Wu Kyverna Therapeutics has started working on what stands to be the first U.S. approval application for a cell therapy for an autoimmune disease, the company said Tuesday. The "rolling" submission will request approval of Kyverna's miv-cel for a progressive condition known as stiff person syndrome. Kyverna said it's aligned with the Food and Drug Administration on the underlying approval requirements, among them that the study miv-cel has succeeded in is "sufficient" to support a regulatory OK. Kyverna expects to complete the application by the end of the year and, assuming approval, launch the therapy in 2027. — Ben Fidler AC Immune co-founder and CEO Andrea Pfeifer will retire after a 23-year run , the brain drug developer said Tuesday. Martin Zügel , the company's board chair, will serve as AC Immune's interim leader during a search for a permanent successor. AC Immune has three Alzheimer's drugs in clinical testing, partnerships in place with Lilly, J&J and Takeda , and enough cash to operate until late 2027 . — Ben Fidler

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01What the Artificial Neuron Cannot Do

Hersam’s next goal is a small circuit — perhaps 10 artificial neurons — where each one fires differently, and together they accomplish what would require thousands of conventional transistors. “ Silicon achieves complexity by having billions of identical devices,” Hersam said. “The brain is the opposite. It’s heterogeneous. The complexity is at the device level.” But Gaudet sees a gap no circuit design can yet fill: Biological neurons grow new connections and prune old ones, strengthening pathways that are used and weakening those that aren’t. Hersam’s lab’s printed neurons — or any other neuromorphic technology that mimics neuronal dynamics — can’t achieve that level of complexity yet. Brown is careful about the distance remaining between these printed neurons and the real thing. “Neurons are just so flexible,” he said. “They can totally change what they’re doing based on whether they’ve learned something and based on your emotional state. There’s a lot of hidden mysteries.” Sangwan suspects the device has more to reveal. “It’s a nonlinear dynamical system,” he said. “We don’t fully know how many different variables you need to explain it. It’s just the beginning.” Hersam, Sangwan, Brown, Holla, and Gaudet reported having no relevant financial disclosures. Disclosure information for study authors is available in the original study publication.

Source: www.medscape.com ↗
02Why Muscle Cells Might Do Some Heavy Lifting

Brown was studying gene therapy in the 1990s when he designed a technology to turn mRNA expression on or off in different cells. For the new mouse study, published in Nature Biotechnology , he adapted the technology to turn off mRNA expression in dendritic cells, muscle cells, or liver cells. The researchers then vaccinated the mice with each version, delivering the vaccines both intravenously and intramuscularly. “The results were pretty stunning,” Brown said. When mRNA expression was turned off in muscle cells, T-cell response went down, suggesting muscle cells play a role in immunity. When expression was turned off in liver cells, T-cell expression tripled — indicating liver cells dampen immunity. Turning off expression in dendritic cells had no effect on T-cell activation, though it did reduce the number of killer T cells by as much as half. (Interestingly, no such reduction occurred when the antigen was SARS-CoV-2 spike. Brown is now investigating why different antigens had varying effects.) Knowing all this is crucial for designing effective mRNA vaccines and therapies. That’s because different mRNA therapies require different strategies. Cancer vaccines must boost tumor-fighting killer (CD8+) T cells. For genetic disease treatments, scientists want to avoid triggering the immune system to prevent killing the very cells the mRNA is meant to modify. “Understanding the immunology is extremely important for this class of drug,” Brown said. The finding doesn’t mean dendritic cells aren’t important for mRNA vaccines to work. “It just means that the mRNA doesn’t have to get into those cells to induce an immune response,” Brown said. Instead, the antigen can be transferred to those dendritic cells.

Source: www.medscape.com ↗
03What Comes Next

With data expected in the fourth quarter of 2026, we are prioritizing histology alongside patient-reported outcomes using the Celiac Disease Symptom Diary, one of only two instruments developed in line with U.S. Food and Drug Administration (FDA) guidance, to capture changes in symptoms such as abdominal pain and nausea. Ultimately, the broader aim is to give gastroenterologists and patients a therapeutic option for a disease that has long been managed without one. The future of drug development will not be defined by statistical significance alone, but by whether new therapies also improve the daily burden of living with celiac disease. “The first therapy to cross the line could change the field,” Geller concluded. “It would help establish celiac as a serious medical condition with options beyond a restrictive diet and open the door for what comes next.” Dr. Paul Lizzul is chief medical officer at First Tracks Biotherapeutics, a clinical ‑ stage biotechnology company advancing antibody therapeutics that modulate immune pathways implicated in autoimmune and inflammatory diseases. Marilyn Geller serves as an advisor to First Tracks Bio. Footnotes Abadie V, Jabri B. IL-15: a central regulator of celiac disease immunopathology. Immunol Rev . 2014;260(1):221-234. https://doi.org/10.1111/imr.12191. Yokoyama S, Watanabe N, Sato N, et al. Antibody-mediated blockade of IL-15 reverses the autoimmune intestinal damage in transgenic mice that overexpress IL-15 in enterocytes. Proc Natl Acad Sci U S A . 2009;106(37):15849-15854. https://doi/full/10.1073/pnas.0908834106. Anthony S, Schluns KS. Emerging roles for IL-15 in the activation and function of T-cells during immune stimulation. Research and Reports in Biology . 2015;6:25-37. https://doi.org/10.2147/RRB.S57685.

Source: www.biopharmadive.com ↗
04Lifestyle Matters: How do environmental and lifestyle factors influence Alzheimer’s disease?

Dr. Harrison and Finnish neuroscientist Dr. Miia Kivipelto explore the complex interplay between genetics and lifestyle in Alzheimer's development. Learn how the groundbreaking FINGER study demonstrates potential prevention strategies, and discover the latest evidence on how environmental factors, diet, and chronic conditions influence Alzheimer's risk.

Source: www.biopharmadive.com ↗
05China: Threat or opportunity?

One of the biggest biotech news stories of recent years is China’s continued rise as a biotech and life sciences powerhouse. China conducts a quarter of all clinical trials and drug development and has almost 1,500 new drugs in development.¹ Many China-based biotechs have benefitted from government funds, out-licencing deals with large pharmas and venture capital funding. However, policymakers in the US and EU have concerns about the possible threat to their region’s biosecurity and competitiveness as centres for health and life science research. Given China’s increased importance, ICON Biotech conducted the same biotech sector survey with 100 China-based biotech leaders. The results show that Chinese biotechs face many of the same challenges as biotechs located elsewhere. They share the same funding challenges and burdens associated with increasingly complex clinical trials and regulations.

Source: www.biopharmadive.com ↗
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Peptide Therapy Guide Editorial Team

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