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Metagenomi, Ovid CEOs step aside; Cogent soars on ‘unprecedented’ stomach cancer data

Today, a brief rundown of news from Metagenomi and Ovid Therapeutics, as well as updates from Cogent Biosciences, Galecto, AnaptysBio and Lyell Immunopharma that you may have missed. Metagenomi will lay off a quarter of its staff and trim early research work i

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Today, a brief rundown of news from Metagenomi and Ovid Therapeutics, as well as updates from Cogent Biosciences, Galecto, AnaptysBio and Lyell Immunopharma that you may have missed. Metagenomi will lay off a quarter of its staff and trim early research work in a restructuring that will extend the company’s financial runway into the fourth quarter of 2027. Going forward, Metagenomi will focus on its “later-stage” preclinical pipeline, including a gene-editing program for hemophilia A and cardiometabolic prospects involved in a collaboration with Ionis Pharmaceuticals. Company president and Chief Operating Officer Jian Irish has been named CEO as part of the strategic shift, with former leader Brian Thomas moving to the board of directors, Metagenomi said Tuesday. Metagenomi has lost about 80% of its value since going public in February 2024 . Jeremy Levin , the longtime leader and co-founder of brain drug developer Ovid Therapeutics , will transition to board chair at the start of next year. Ovid announced the move Wednesday as part of a succession plan that will anoint President and Chief Operating Officer Meg Alexander as CEO effective Jan. 1. Levin has led Ovid since forming the company in 2014. The company has since hit multiple research setbacks , but recently reported encouraging early-stage data for a potential seizure therapy. Shares of Cogent Biosciences more than doubled after Phase 3 study results showed a regimen involving its experimental drug bezuclastinib significantly slowed disease progression in patients with a type of advanced stomach cancer. According to Cogent, a combination of bezuclastinib and the widely used medication Sutent held gastrointestinal stromal tumors in check for a median of 16.5 months, versus nine months for study volunteers receiving Sutent alone. The benefits observed were “unprecedented” and set “a new standard of care” in the second-line setting, wrote Leerink Partners analyst Andrew Berens. Cogent intends to file for approval next year. Galecto acquired startup Damora Therapeutics and concurrently raised $285 million in a private stock sale, the company said Monday. The deal hands Galecto a pipeline of antibody drugs for blood cancers, like myelofibrosis, that are specifically driven by mutated forms of the protein calreticulin. Damora is the sixth company created by antibody specialist Paragon Therapeutics , which has previously spun out biotechs like Apogee Therapeutics , Oruka Therapeutics and Crescent Biopharma that are now publicly traded. Galecto shares skyrocketed nearly 250% on the news. AnaptysBio shares fell by double digit after its drug prospect rosnilimab failed a Phase 2 trial in ulcerative colitis . According to the company, rosnilimab wasn't effective enough at curbing disease symptoms despite meaningfully lowering levels of disease-causing T cells, as it's designed to do. While "disappointing," the outcome wasn't necessarily a surprise given the "relatively less validated role" of the drug's mechanism against ulcerative colitis, wrote Leerink Partners' David Risinger. Rosnilimab is also being developed in rheumatoid arthritis. AnaptysBio said it will provide an update on its development strategy there next year. Lyell Immunopharma has licensed an experimental cancer cell therapy from China and Maryland-based Innovative Cellular Therapeutics . The deal, announced Monday, revolves around a therapy ICT has been developing for metastatic colon cancer and other tumors expressing a protein called guanylyl cyclase-C. That treatment, to be known going forward as LYL273, is currently in early-stage testing. Lyell is paying ICT $40 million in cash and 1.9 million shares of its common stock for most rights to the LYL273. It could add another $820 million and 1.85 million shares to the deal if certain clinical and regulatory targets are met.

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01What 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 ↗
02How Real Brain Cells Respond to Artificial Neurons

Holla, who completed her PhD in Raman’s lab and is now a postdoctoral researcher studying memory at New York University in New York City, designed and ran experiments in mouse cerebellar slices. She positioned a stimulation electrode on the parallel fibers, the main pathway that excites Purkinje cells, and a recording electrode on the Purkinje cells themselves. She played recordings of the artificial neurons’ waveforms into the tissue through a standard stimulation electrode at four different speeds: 7, 60, 218, and 740 spikes per second. At every speed below 200 spikes per second, the Purkinje cells fired in response. The strongest results came at 60 spikes per second, where each artificial spike lasted 0.7 milliseconds, which is fast enough to trigger the cell but brief enough to avoid flooding the tissue with unnecessary current. Above 200 spikes per second, the cells stopped responding. They simply cannot fire that fast. The team included the 740-spikes-per-second condition on purpose to directly challenge the many engineering groups building artificial neurons that operate at those speeds. “We had to show them [740 spikes] wasn’t sufficient,” Brown said. “You can’t work that fast.” “You can see the living neurons respond to our artificial neuron,” Hersam said. But he is careful to note a caveat: The printed artificial neurons were not touching the brain tissue. The waveforms they generated were recorded and then played back into the slice through standard laboratory stimulation equipment. The next step is to prove the printed device itself can interface with living tissue.

Source: www.medscape.com ↗
03China: 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 ↗
04Why 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 ↗
05Lifestyle 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 ↗
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Peptide Therapy Guide Editorial Team

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