EuroBiotech Report—Autolus IPO, Abcam-Horizon, Faron fail, Promore and Pluristem

Europe
(Image: CC0 Public Domain)

Welcome to the latest edition of our weekly EuroBiotech Report. We start this week with British CAR-T startup Autolus, which filed to raise $100 million in a Nasdaq IPO. Elsewhere in the U.K., Abcam dropped its pursuit of Horizon Discovery and investors in London fled Faron Pharma after its lead drug failed a late-stage trial. Promore Pharma struck a deal with PharmaResearch Products. Pluristem Therapeutics provided an update on its phase 2 readout. And more.Nick Taylor  

1. Autolus seeks $100M IPO to take next-gen CAR-Ts deep into the clinic

Autolus has filed to raise $100 million in a Nasdaq IPO. The British biotech wants the cash to bankroll clinical trials of a clutch of next-generation CAR-Ts designed to broaden the use of cell therapies while improving their safety and efficacy.

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceBiotech!

Biopharma is a fast-growing world where big ideas come along every day. Our subscribers rely on FierceBiotech as their must-read source for the latest news, analysis and data in the world of biotech and pharma R&D. Sign up today to get biotech news and updates delivered to your inbox and read on the go.

2. Abcam ends pursuit of £270M Horizon Discovery buyout

Abcam has ended its pursuit of Horizon Discovery one week after going public about its attempt to buy the gene editing specialist. 

3. Faron Pharma flummoxed as Traumakine fails in ARDS

Shares in Finnish biotech Faron Pharma are in free fall this morning after a late-stage trial of its lead drug Traumakine for acute respiratory distress syndrome comprehensively failed.

4. Promore sells rights to PXL01 in spinal surgery to PharmaResearch

Promore Pharma has granted PharmaResearch Products the global license to commercialize PXL01 in the prevention of fibrosis after spinal surgery. The agreement sees PharmaResearch committing to fund development of the synthetic peptide in the indication and hand over milestones and royalties.

5. Pluristem sets June target for phase 2 cell therapy readout

Pluristem Therapeutics is planning to publish data from a phase 2 trial of its placenta-derived cell therapy PLX-PAD next month. The dataset on patients with intermittent claudication will become the biggest generated by Pluristem to date when it is finalized in the coming weeks. 

And more articles of note>>

Suggested Articles

Avidity Biosciences is on a roll—after inking an R&D deal with Eli Lilly and hiring a new CEO, the company is reeling in $100 million.

What the NASH field needs, says Genfit CEO Pascal Prigent, is something like the Hb1Ac test for diabetes.

Blocking a newly discovered molecule produced by B cells could slow their flow into the brain and offer a new way to treat MS, a Canadian team found.