Diverse panel of novel target binders from FairJourney Biologics and IONTAS will be used to uncover functional antibodies to advance autoimmune and inflammatory disease research

Eli Lilly and Company and Precision BioSciences, Inc. announced today that they have entered a research collaboration and exclusive license agreement to use Precision’s ARCUS genome editing platform to research and develop potential in vivo therapies for a series of genetic disorders. Specifically, the companies will be focusing on Duchenne muscular dystrophy (DMD), along with two other undisclosed gene targets. ARCUS will give them the opportunity to make a variety of efficient edits, enabling a range of therapeutic editing.

WESTLAKE VILLAGE — MannKind Corporation (NASDAQ:MNKD) today announced that it has achieved the final development milestone under its licensing and collaboration agreement with United Therapeutics for the development and commercialization of a dry powder formulation of treprostinil.

ST. LOUIS — Wugen Inc., a biotechnology company developing a novel, universal allogeneic CAR-T therapy platform, today announced the appointment of Ryan Sullivan, Ph.D., as Vice President and Head of NK Research. Dr. Sullivan will be overseeing Wugen’s Natural Killer (NK) Cell-based therapy programs targeting leukemias and lymphomas, including Acute Myeloid Leukemia (AML) and Multiple Myeloma (MM).

• Proceeds to fund development of novel and best-in-class therapeutics for eye diseases
• Charles Semba, MD, joins the company to serve as Chief Medical Officer

Parker H. “Pete” Petit, the former chief executive officer of wound care company MiMedx was convicted of fraud and making false statements to the U.S. Securities and Exchange Commission, following a months-long investigation into the company’s financial records. William Taylor, the company’s former chief operating officer, was also found guilty.

SR One has backed biotech companies for decades as GlaxoSmithKline’s venture arm. Now, the firm is striking out on its own, having spun out from the British conglomerate and raised a whopping $500 million fund.

San Francisco-based breast cancer biotech Olema Oncology has priced its initial public offering (IPO) of 11,000,000 common shares at a public price of $19.00 per share, a price the company expects to lead to gross proceeds of $209.0 million.

SynOx Therapeutics has raised €37 million ($44 million) to advance a drug licensed from Roche. The series A tees SynOx up to build on signs the anti-CSF1R monoclonal antibody improves outcomes in patients with tenosynovial giant cell tumors (TGCTs).

Patients diagnosed with myeloproliferative neoplasm, a group of blood cancers in which the body overproduces red or white blood cells, don’t have great options. Treatment tends to be palliative, without changing the course of disease. Enter Imago BioSciences, which is working on a treatment that shuts down an enzyme important to cancer growth.