EuroBiotech Report: Brexit begins, Novartis-Puretech, EMA plan criticized, antibiotic discovery and Cempra withdrawal

europeGOOD

Welcome to the latest edition of our weekly EuroBiotech Report. We start this week with Brexit. Nine months after the British people voted to leave the European Union, the government has formally started the exit process. And biotech? Biotech is feeling pretty good about its prospects. One third party affected by the exit, the European Medicines Agency (EMA), found itself in the news this week when Germany’s cost watchdog continued its attack on the adaptive pathway program. Back in the United Kingdom, London-listed PureTech took two mTORC1 inhibitors off Novartis’ hands. And the government’s innovation agency funded the creation of an antibiotic drug discovery unit. Cempra pulled an EMA filing for approval of its antibiotic solithromycin. And more.—Nick Taylor

1. Brexit: Why U.K. life science is optimistic in the face of threats to R&D, funding

In the run-up to the United Kingdom’s referendum on European Union membership, leaders from Big Pharmas, biotechs, academic groups and regulatory agencies based across the region warned repeatedly of the risks of Brexit. Now, two years out from the scheduled EU exit date, the tenor of the debate has shifted. Uncertainty and concerns remain, but the life science sector is increasingly confident about its post-Brexit prospects.

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. Novartis offloads phase 2 mTORC1 programs to PureTech

Novartis has offloaded two mid-phase mTORC1 inhibitors to PureTech Health. The agreement will see PureTech create a subsidiary, resTORbio, to move the assets into a phase 2b trial in diseases linked to the age-related deterioration of the immune system.

3. National agency pushback against EMA fast track continues

Germany’s healthcare cost watchdog is continuing to push back against the European Medicines Agency’s (EMA) plans to accelerate the approval of new medicines. The German institute worries fast-track drug approvals based on limited clinical trial data or real-world evidence will become the norm—and that this will undermine attempts to gauge the true safety and efficacy of medicines.

4. U.K. funds creation of antibiotic drug discovery unit

The United Kingdom’s innovation agency is providing funding to set up an antibiotic drug discovery unit. Innovate UK is supplying the grant to enable the University of Dundee to create a medicinal chemistry laboratory and combine it with its existing drug discovery infrastructure.

5. Cempra pulls EU antibiotic filing following EMA questioning

Cempra has pulled a filing for approval of its antibiotic candidate solithromycin in the European Union. The action, which comes three months after FDA knocked back the drug, was prompted by questions from the European Medicines Agency (EMA) that Cempra is currently unable to resolve.

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.