IO Biotech Goes From Breakthrough Designation to Bankruptcy

IO Biotech had a Breakthrough Therapy Designation, a Phase 3 with Merck, and Fast Company recognition. Then the FDA said no — and the company ceased to exist.

IO Biotech had a Breakthrough Therapy Designation, a Phase 3 with Merck, and Fast Company recognition. Then the FDA said no — and the company ceased to exist.

An oncology drug pivots into neurodegeneration — Trethera's TRE-515 enters expanded access in ALS patients at Massachusetts General Hospital.

From founding to first patient in under two years — Adcytherix just entered the clinic with ADCX-020 after raising €135M. Its founders previously built the ADC company Lilly acquired.

Lilly didn't just buy a drug — they bought an entire orexin franchise. The $6.3B Centessa deal includes three OX2R agonists across clinical and preclinical stages.

TippingPoint just closed an oversubscribed $4.5M seed to go after DIPG — the deadliest childhood brain tumor — with a first-in-class epigenetic approach.

Enveda's ENV-294 hit 85% EASI reduction and 100% EASI-50 in Phase 1b for atopic dermatitis — and it's oral, first-in-class, and derived from plants.

Alltrna's AP003 just became the first tRNA-based drug to enter clinical trials — a milestone for an entirely new modality.

A Shanghai-based biotech is going global with an engineered MenB vaccine — and they're running the Phase 1 head-to-head against GSK's Bexsero.

Windtree sold its entire cardiovascular pipeline for pennies on the dollar. Now Panacea Capital is betting it can take istaroxime to Phase 3.

Two confirmed partial responses, 50%+ tumor shrinkage, and a $30M oversubscribed raise. Aprea went from burning runway to suddenly very interesting.