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Monday, September 8, 2025

Seres Therapeutics soars on report of takeover offer

 Seres Therapeutics jumped 21% in premarket trading after a report that Nestle made a takeover offer of ~$760 million for the company. 

The $41 a share all-cash offer was valid until the end of August,  according to Swiss blog Inside Paradeplatz, which cited a Nestle letter dated Aug. 14. The offer also includes milestone payments. 

Seres Therapeutics has a market cap of $169 million.

The report comes after Seres (NASDAQ:MCRB) last year announced that Nestlé Health Science, a unit of consumer care giant Nestlé (OTCPK:NSRGY), agreed to purchase its oral microbiome therapy Vowst for $175 million.

There was also a Betaville report last September that Nestle made a takeover offer for Seres (NASDAQ:MCRBthat was rebuffed.

https://www.msn.com/en-us/money/companies/seres-therapeutics-soars-on-report-of-takeover-offer/ar-AA1M7u88

Amazon expands $5 prescription service to Texas

 Amazon Pharmacy, a division of the $2.48 trillion market cap retail giant Amazon (AMZN), announced Monday the expansion of its RxPass prescription subscription service to Texas, offering Prime members access to over 50 commonly prescribed medications for $5 per month with free delivery. The move comes as the company, which has achieved nearly 11% revenue growth in the past year, continues to strengthen its healthcare presence. 

The service targets nearly 2 million Texans living in pharmacy deserts who manage multiple chronic conditions. Texas ranks fourth highest in the percentage of U.S. adults with three or more chronic health conditions, according to the company’s press release. 

RxPass covers medications treating conditions including anxiety, diabetes, hypertension, and heart disease. The subscription price remains $5 monthly regardless of how many prescriptions a member needs. The service includes free two-day delivery and same-day service in eligible locations.

"At a time when nearly half of the U.S. population is managing chronic conditions, bringing affordable and convenient access to medications through our expansion of RxPass to customers in 48 U.S. states will help many manage their conditions more easily," said John Love, Vice President of Amazon Pharmacy.

The service is available to Medicare beneficiaries and aims to address medication adherence challenges. According to the company, nearly 89% of adults 65 and older report taking prescription medications, with more than half managing four or more prescriptions.

https://www.investing.com/news/company-news/amazon-expands-5-prescription-service-to-texas-93CH-4229235

Lilly’s leukemia drug meets goals in Phase III

 Lilly announced positive results of its Phase III clinical trial of Jaypirca (pirtobrutinib), a non-covalent (reversible) Bruton tyrosine kinase (BTK) inhibitor, versus chemoimmunotherapy (bendamustine plus rituximab), in treatment-naïve patients with chronic lymphocytic leukemia or small lymphocytic lymphoma (CLL/SLL) without 17p deletions.

The study met its primary endpoint, demonstrating a highly statistically significant and clinically meaningful improvement in progression-free survival (PFS) compared to chemoimmunotherapy, as assessed by an independent review committee (IRC), indicating one of the most compelling effect sizes ever observed for a single agent BTK inhibitor in a front-line CLL study.

https://www.pharmalive.com/lillys-leukemia-drug-meets-goals-in-phase-iii-study/

I-Mab Announces Acceleration of Givastomig Investment



I-Mab (NASDAQ: IMAB) announced significant expansion of its givastomig program, a CLDN18.2 x 4-1BB bispecific antibody for cancer treatment. The company plans to initiate a global randomized Phase 2 study in Q1 2026 for first-line metastatic gastric cancers, combining givastomig with immunochemotherapy.

Key developments include Phase 1b dose expansion data expected in Q1 2026, expansion into additional cancer types including biliary tract cancer (BTC) and pancreatic ductal adenocarcinoma (PDAC), and new investigator-initiated trials in neoadjuvant settings. The company also announced leadership changes, with Wei Fu appointed as Executive Chairman and Dr. Sean Cao joining as Chief Business Development Officer.

Sanofi upped to Overweight from Equal Weight by Morgan Stanley

 Target $58

https://finviz.com/quote.ashx?t=SNY&p=d

Mixed data from lung cancer trials on show at WCLC

 The World Congress on Lung Cancer (WCLC) in Barcelona, Spain, showcased some of the most-anticipated clinical development candidates, with some impressive data intertwined with disappointing results.

AZ lifted by FLAURA 2 data

Among the highlights of WCLC are final overall survival (OS) data from AstraZeneca's FLAURA 2 study of EGFR inhibitor Tagrisso (osimertinib) given in combination with chemotherapy as a first-line option for EGFR-mutated non-small cell lung cancer (NSCLC), showing a 23% reduction in the risk of death compared to Tagrisso alone.

Median OS for the combination came in at nearly four years (47.5 months), versus 37.6 months with Tagrisso monotherapy, and the survival rate at three years for the two groups was 63.1% and 50.9%, respectively.

The dual regimen is already approved in this setting, but the new OS results will help AZ face down a major challenge in first-line EGFR-mutated NSCLC treatment from Johnson & Johnson's combination of Rybrevant (amivantamab) and Lazcluze (lazertinib).

Rybrevant/Lazcluze was cleared by the FDA as a first-line treatment for EGFR-mutated NSCLC last year, and uptake by oncologists has been strong on the back of data from the MARIPOSA trial, which showed that the regimen lowered the risk of death by 25% compared to Tagrisso after a little over three years' follow-up.

Doubts linger about ivonescimab in HARMONi

Summit Therapeutics had already revealed in May that the HARMONi trial of its Akeso-partnered PD-1xVEGF bispecific ivonescimab plus chemo had failed to show a statistically significant improvement in OS compared to chemo alone, and the full data at WCLC did not restore confidence in the programme.

While it has been billed as a drug that could potentially outperform MSD's mega-blockbuster Keytruda (pembrolizumab) in NSCLC, latterly clinical results have chipped away at that assessment. The latest progression-free survival (PFS) data from HARMONi falls into that category, with a divergence in efficacy between Asian and Western patients in the study raising alarm bells even though the overall result was positive.

Specifically, while the risk of death or disease progression was reduced 48% overall, the PFS difference was 45% for Asian patients, but just 33% for those in North America or Europe. That adds to the OS miss, which has sparked speculation that Summit may not be able to file ivonescimab in the US based on its current data, although the company said it thinks that will be possible.

At WCLC, it was revealed that median OS after 2.5 years' follow-up was 16.8 months with ivonescimab plus chemo and 14 months for chemo on its own, a 21% improvement, and the company is hoping that difference will, in time, cross the threshold for statistical significance.

MSD, Daiichi alliance bears fruit

There was good news for MSD and its partner Daiichi Sankyo in the antibody-drug conjugate (ADC) arena, after their B7-H3-directed candidate ifinatamab deruxtecan (I-DXd) hit the mark in a phase 2 trial involving patients with previously treated, extensive-stage small-cell lung cancer (ES-SCLC).

MSD – known as Merck & Co in the US and Canada – licensed rights to the ADC from Daiichi Sankyo in 2023 as one of three candidates covered by a deal that included an upfront payment of $4 billion.

Updated results from the IDeate-Lung01 study reported at WCLC revealed an objective response rate (ORR) of 48.2% among 137 patients in the study, including three complete responses, 63 partial responses, and 54 cases of disease stabilisation.

When looking specifically at the use of I-DXd as second-line treatment, the ORR rose to 56.3%, while for third-line it was 45.7%, which MSD said was an impressive result given the poor prognosis for ES-SCLC patients if their disease progresses despite platinum-based chemotherapy. The ADC has been granted breakthrough status from the FDA for the relapse/refractory ES-SCLC indication.

BMS' ADC iza-bren adds HER3 activity to EGFR

Bristol Myers Squibb and Systimmune presented data at WCLC from a study of their potentially first-in-class EGFR and HER3-targeting ADC izalontamab brengitecan (iza-bren) as a first-line treatment for EGFR-mutated NSCLC in combination with Tagrisso.

Among 40 patients treated at the best-performing dose (2.5 mg/kg), iza-bren achieved an ORR of 100% and a confirmed ORR (cORR) of 95.0%, with two partial responses pending confirmation, a result described as "transformative" by investigator Dr Fei Zhou of Shanghai East Hospital.

Iza-bren is also being tested as a second-line monotherapy in EGFR-mutated NSCLC – new data at WCLC revealed a 56$ ORR in that setting – and it has been granted breakthrough status from the FDA for that use. It has moved into a phase 3 trial in China as a combination therapy.

https://pharmaphorum.com/news/mixed-data-lung-cancer-trials-show-wclc

Europe Mulls Weaker LNG Terminal Rule for Russian Gas Phaseout

 


The European Union is considering backtracking on a proposed ban on providing terminal services to Russian liquefied natural gas suppliers, potentially weakening a plan to phase out the gas purchases helping to fund Vladimir Putin’s war machine.

Denmark, which holds the EU’s rotating presidency through the end of this year, has proposed removing a prohibition of LNG terminal services from the draft regulation to end energy reliance on Moscow, according to a document seen by Bloomberg News. The ban, due to take effect next year, was originally designed by the European Commission to prevent any risk that Russian companies could use long-term capacity reservation to hinder imports from alternative sources.

https://www.bloomberg.com/news/articles/2025-09-08/europe-mulls-weaker-lng-terminal-rule-for-russian-gas-phaseout