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J&J dips despite upbeat outlook; AstraZeneca, Spero cut China deals

Today, a brief rundown of news involving Johnson & Johnson and AstraZeneca, as well as updates from Spero Therapeutics, Chai Discovery, AdvanCell and Summit Therapeutics that you may have missed. Shares of Johnson & Johnson fell nearly 3% Wednesday even though

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Today, a brief rundown of news involving Johnson & Johnson and AstraZeneca, as well as updates from Spero Therapeutics, Chai Discovery, AdvanCell and Summit Therapeutics that you may have missed. Shares of Johnson & Johnson fell nearly 3% Wednesday even though the company lifted its financial forecasts for the year. In its latest quarterly earnings report , J&J said sales within its innovative medicines division climbed 6.8% between April and June, primarily boosted by cancer drugs like Darzalex and Carvykti , the immune disease treatment Tremfya and the depression medications Caplyta and Spravato . It now expects company sales to reach between $100.8 billion and $101.4 billion in 2026, versus the $100.3 billion to $101.3 billion range it previously projected. Still, J&J’s overall oncology business missed consensus Wall Street estimates, as the prostate cancer medicine Erleada and blood cancer treatment Imbruvica both fell short of expectations, wrote RBC Capital Markets analyst Shagun Singh . The company’s medical device division disappointed, too, though Singh added that her team “remain[s] positive” on J&J’s 2026 outlook and path towards “double-digit growth” by the end of the decade. AstraZeneca agreed to pay Shanghai-based drugmaker Dizal $600 million up front , and possibly up to $1.5 billion overall, for worldwide rights to a marketed medicine for lung cancer. The deal announced Tuesday was centered around Zegfrovy , a drug that targets DNA insertions in the so-called exon 20 region of a gene named EGFR. Zegfrovy is already approved in the U.S. and China for non-small cell lung cancer patients who have those alterations, and generated about $85 million in sales during the 2025 fiscal year. The drug is likely to add “modest revenues” towards AstraZeneca’s $80 billion sales target, and could offer “synergies” with its other lung cancer drugs, wrote Leerink Partners analyst Andrew Berens . It also has multiple established and emerging competitors, among them experimental treatments from Cullinan Therapeutics and ArriVent BioPharma . Spero Therapeutics also turned to China to boost its pipeline, announcing Tuesday it’s licensed most rights to an experimental immune disease drug from Innovent Biologics. That treatment, IBI355 , is an antibody aimed at CD40L, a signaling protein involved in inflammation. Spero intends to test it in a Phase 2 study in IgG4-related disease next year, while Innovent plans to evaluate it in a separate mid-stage trial in Sjögren’s syndrome. For Spero, the deal represents a pivot away from antibiotic drug development after helping bring to market a treatment called Utebzi that’s now sold by GSK . Innovent, meanwhile, could receive as much as $1.1 billion in the partnership, including an unspecified upfront payment. Chai Discovery has raised $400 million in a Series C round that values the AI drug discovery specialist at $3.8 billion. Led by Index Ventures and involving Dimension , Kleiner Perkins and many other investors, the funding is the second-largest venture financing of 2026 among the the firms BioPharma Dive tracks. It’ll support Chai’s ongoing efforts to build AI models that can help larger drugmakers more quickly unearth new medicines. Chai already has partnerships in place with Pfizer , Eli Lilly and Novartis . Radiopharmaceuticals startup AdvanCell also raised one of the year’s top venture rounds, securing $315 million from an investor group led by Ally Bridge Group and including Eli Lilly as well as Sanofi’s venture arm. The Series D funding will help advance an experimental prostate cancer treatment toward late-stage testing and fund its broader pipeline, which involves alpha particle-emitting radiopharmaceuticals. Summit Therapeutics has sold off an experimental antibiotic that was once its focus. On Tuesday, Toronto-based Biossil acquired rights to ridinilazole , a treatment Summit previously evaluated in a Phase 3 trial for C. difficile infections before changing course to focus on the cancer immunotherapy ivonescimab. While ridinilazole missed the goal of that study, “numerical differences” favored the treatment over standard-of-care vancoymcin and Biossil could “unlock its potential,” co-CEO Robert Duggan said in a statement. Summit is eligible for up to $104.5 million in potential payouts, but is only gaining $500,000 in guaranteed cash.

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01China: 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 ↗
02Lifestyle 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 ↗
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 ↗
04What 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 ↗
05Why 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 ↗
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Peptide Therapy Guide Editorial Team

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