Educational guide
Sanofi swaps R&D leaders; Merck’s Prometheus deal pays dividends
Today, a brief rundown of news involving Sanofi and Merck & Co., as well as updates from Definium Therapeutics, Eli Lilly and Nura Bio that you may have missed. Sanofi has announced a new head of research and development. Houman Ashrafian , a former venture in
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Today, a brief rundown of news involving Sanofi and Merck & Co., as well as updates from Definium Therapeutics, Eli Lilly and Nura Bio that you may have missed. Sanofi has announced a new head of research and development. Houman Ashrafian , a former venture investor who’s led global R&D at the French pharmaceutical giant since 2023 , is leaving to “pursue an opportunity outside the company,” Sanofi said Monday. Effective Sept. 1, he’ll be replaced by Paulo Fontoura , a longtime Roche executive and most recently the Chief Medical Officer of AI drug discovery startup Xaira Therapeutics . Fontoura will report directly to new CEO Belén Garijo and attempt to end an ongoing slide for Sanofi, which has recently reported several pipeline setbacks . — Ben Fidler An experimental drug at the center of Merck & Co.’s 2023 buyout of Prometheus Biosciences has succeeded in a late stage trial . Merck didn’t provide specifics, but said Monday that the drug, tulisokibart , met its primary goal in a Phase 3 study in people with moderately to severely active ulcerative colitis. A second late-stage study is ongoing, but in the meantime Merck will share the results with regulatory authorities and present them at an upcoming scientific meeting. Tulisokibart is part of a new class of inflammatory disease medicines aimed at a protein called TL1A. It’s one of many drugs Merck is counting on to boost revenue when the cancer immunotherapy Keytruda loses patent protection. — Delilah Alvarado Shares of Definium Therapeutics were up roughly 50% late Monday morning, after the psychedlics specialist reported positive results from a Phase 3 trial. The experiment pitted a single dose of Definium’s “ DT120 ” — a formulation of LSD — against a placebo in adults with major depressive disorder, and found that, after six weeks, patients in the drug arm experienced significantly greater reductions on a widely used scale that measures depression symptoms. Definium said DT120 also worked quickly and was generally well-tolerated, with nearly all treatment-emergent adverse events being transient and mild to moderate in severity. Marc Goodman , an analyst at Leerink Partners , wrote in a note that the data were “about as good as we could have hoped for” and increased his peak sales for the drug in major depression to a range of $1.5 billion to $2 billion. — Jacob Bell Eli Lilly will work with Sweden-based biotechnology company BioArctic to develop a new drug candidate for neurodegenerative diseases. Through a collaboration announced Monday, the companies will pair a proprietary Lilly molecule with a transporter technology BioArctic uses to get medicines into the brain. BioArctic will receive $30 million up front and could get up to $770 million in future milestone payments, as well as sales royalties, should the resulting drug reach market. Lilly will lead global development and commercialization. — Delilah Alvarado Nura Bio , a small, San Francisco-area drugmaker, has completed a nearly $74 million Series B round led by The Column Group . Nura said Monday it plans to use the money to further develop its experimental medicines, which are designed to inhibit a protein, “SARM1,” that destroys the electrical signaling “axon” portion of nerve cells. The company’s most advanced medicine is in a Phase 1b/2a study focused on ALS. Euclidean Capital , Samsara BioCapital and Sanofi Ventures also particiated in the round. — Jacob Bell