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Beckley Psytech raises $80m for psychedelic meds development

pharmaphorum

The Oxford-based company had originally hoped to raise $50 million from the series B, and the scale of the financing is further evidence that repurposing psychedelic compounds as potential therapies for neuro-psychiatric disorders is a hot topic in biopharma.

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Protein misfolding specialist Gain nets $40m from IPO

pharmaphorum

Gain Therapeutics has priced its initial public offering, raising more than $40 million for its computational drug discovery platform and pipeline of drugs for diseases associated with protein misfolding. . The shares began trading on the Nasdaq yesterday under the symbol ‘GANX’, closing at $11.20

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J&J acquisition of Ambrx bolsters cancer ADC portfolio amidst big pharma’s growing investment trend: GlobalData

Express Pharma

ADCs continue to be the hot topic in big pharma. J&J is growing its ADC pipeline, which includes the recently announced $100 million upfront investment to license LCB84, LegoChem Biosciences’ Trop2-directed ADC. In 2022, the global ADC market for cancer treatment was valued at $7.5 billion by 2029 at a CAGR of 27%.

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CRISPR therapies targeting the next breakthrough in oncology

pharmaphorum

The potential of CRISPR technology has been a hot topic in the industry ever since it was first developed, but as trials progress further into the clinic, what therapeutic areas could be set to benefit? Ben Hargreaves takes a look at why oncology could be one of the major beneficiaries of a growing pipeline of CRISPR therapeutics.