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STAT+: Biotech accelerator Curie.Bio raises $340 million for a new seed fund

STAT

Curie.Bio’s new fund will help the organization double its investing over the next two years: The aim is to invest in between 15 and 20 biotechs this year and up to 25 companies in 2026, the founders told STAT exclusively. Continue to STAT+ to read the full story…

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AI to revolutionise drug development by 2026

European Pharmaceutical Review

Initial data from the CPHI Annual Report 2023, which provides insight from 250 global pharmaceutical companies, reveals that AI (artificial intelligence) is expected to transform every area of the industry, from drug discovery through to drug development , within the next 24-months.

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STAT+: Novartis to spend $200 million in further bid to boost radiopharma manufacturing, market dominance

STAT

The sites are expected to employ another 90 people and open by 2026.  This type of treatment has become a hot spot in drug development, leading to several acquisitions over the last year.

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Race for approval of first oral GLP-1R drug in obesity intensifies with four in phase III trials: GlobalData

Express Pharma

With a projected launch in 2026, it represents Eli Lilly’s bid to expand the company’s dominance in the GLP-1R category.” China-based Jiangsu Hengrui’s HRS-9531 is the final Phase III contender and the only one not being developed by pharma giants Novo Nordisk or Eli Lilly.

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Sionna Therapeutics secures $182m for cystic fibrosis drug development

Pharmaceutical Business Review

“This capital raise provides financial flexibility positioning us to execute our clinical development plan with funding through 2026 and multiple value-creating clinical readouts.” The post Sionna Therapeutics secures $182m for cystic fibrosis drug development appeared first on Pharmaceutical Business review.

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CPHI Annual Report Predicts AI Transformation of All Drug Development Processes by 2026

PharmaTech

According to a press release, the implications go to the extent that within the next 10 years, more than 50% of approved drugs will involve AI in their development and/or manufacturing.

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Sandoz to build Slovenian biosimilar development facility

European Pharmaceutical Review

To support future growth of its biosimilar pipeline, Sandoz is planning to build a Biosimilar Technical Development Center in Slovenia. The company intends to invest approximately $90 million at its site in Ljubljana, Slovenia, to establish a dedicated Sandoz Biopharma Development Center by 2026.