June 15, 2023

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BioPharmGuy

If you consistently read this by clicking through when I share it on Linkedin, please subscribe - don’t risk our posts being hidden by the algorithm overlords.

 

And on the topic of this newsletter itself, our provider, Constant Contact, is really pushing their new AI Content Generator. Good grief. AI-created email is called spam, dude.


We're going to be asking ourselves more and more, what's real?


Answer: BioPharmGuy News. You get the ridicule straight from the horse’s ass.


(Let’s see AI make a sophisticated joke like that.)


Mailbag

“this website is insane, I send it to all my friends and coworkers who need a resource. Currently looking for new engineering roles, and this site makes it 1000x easier to stay in biotech


Over our 15 years, we've helped untold thousands of people find a new job and it never gets old hearing from those who benefit. Happy to know our work is helping so many people.


"I've changed companies and need to buy your database again for the new job."


This is my absolute favorite type of email. There's one client who has bought our info at four different companies. I like to think it really says something about the quality and simplicity of what we offer, which is this: We keep track of data so you can focus on sales.


Even for the entirety of data we sell, it costs just over $3000. That's about what you might pay a sales associate in a few weeks. A sales associate cannot come close to replicating what we do in a year, much less three weeks. Salespeople should be selling.


-BPG


May Funding Summary

Last month we tracked $1.9B in funding at 46 private companies plus a big IPO for $540M.


Still trending down slightly compared to the last two years. (May 2022 saw $2.2B in private funding, May 2021 was more like $3.9B)


We don't share/publish it with this monthly update, but the amount of stock sold by already-public biotech companies seemed absolutely enormous this month. Must have been 30+ companies.


Biggest Round:

$300M Series A - ReNAgade


Cutest Round:

€1.2M Seed - smartbax


Companies Added & Removed

Over the past two weeks we added 21 companies and removed four.


Best New Name:

Ostentus Therapeutics


Worst New Name:

GenEros Biopharma


Most Meta New Name:

Metastate Metabolomics


You Will Be Missed:

Tricida


Summary file of companies added and removed is available on our downloads page.

Industry

Loose Knit Team

Remember social distancing? DIOSynVax does - it's enshrined in their team photo even though they posed outdoors. Ahh, those pandemic memories.


Adhesions, Be Gone!

Most drugs are considered good if they sort of help a portion of patients. So, when a really effective therapy comes along it’s always amazing news.


In this case the problem of adhesions in gynecological surgery was solved in 93% of patients. Absolutely tremendous results for Temple Therapeutics and for the many women who can avoid these problematic complications in the future.

 

Can you say IPO?


Letters

No, this is not another mailbag. This is about the guy last week with 18 letters after his name. Ha. Child’s play. Here we have 44. Take that, Aurora BioPharma!


First one to show us someone with 50 letters after their name gets a BPG T-shirt, ASAP.

 

Pre-news

Deciding what qualifies as news is a big part of the field of journalism. So, is something that might happen in six years considered news? No.


And yet here we are learning that Roche may sell or close its Genentech South San Francisco facility in 2029.

 

Medicines For People

Had a lengthy mission statement featured here a couple weeks ago, but this time we can’t knock the verbosity - six words is pretty concise. However, sometimes too simple is also too…how shall we put it…jejune (thanks, GRE vocab study guide):

 

We work with humans for humans

 

Not a great one any way you look at it, but with no comma or period it doesn’t even sound like it’s trying to be intellectual. It sounds like a weird way to explain the definition of a workplace:


"We have coworkers and bosses"

 

Speaking of the big boss, he was cooooold for his photo. No one can tell you not to turn up the heat, man.


Fresh2

AnPac Bio-Medical Science doesn't exactly roll of the tongue, so no arguing with a rebrand. But they probably could have done better than "Fresh2". What a perfect name for a cancer diagnostic outfit. We all associate the word fresh with cancer, yes?


They haven't changed the website yet, but it won't be Fresh2 dotcom. That redirects to a lightbulb store on Amazon (who happens to be out of stock).

 

OTC, baby! (OTC, no baby!)

In a complete shock to pretty much no one whatsoever, an ED drug has gone over-the-counter before birth control pills. The good news on the pill front is an FDA advisory committee just recently voted in favor of OTC status so an approval for that one could come any day now.


While it’s a bit disheartening that an 18 year-old ED therapy reached this milestone before a 50 year-old birth control pill, it looks like good news for 18 year-old women and 50 year-old men.

Health & Science

Tastes Like Self-Loathing

People love butterflies. People love turtles. So presumably people would like to know there are butterflies that drink turtle tears. How cute!


But why are these turtles so sad? Maybe because if you can't fend off a butterfly assault, you're living a pretty lame existence.


Lidar Ruins

In regions with jungle cover, ancient ruins can be all but impossible to detect. Modern technology to the rescue. Scientists using Lidar to scan a jungle have uncovered the remnants of ancient Mayan structures dating to 1000 BC.


If you're interested, you can read all about it in everyone's favorite magazine: Ancient Mesoamerica. Maybe put a gift subscription on your list of potential Christmas surprises for loved ones.


China Covid

China is facing a huge wave of Covid, though the government is sticking to its business-as-usual policy. With their economy underperforming expectations even after full reopening, it probably makes sense. 90% of people in China are vaccinated (though the Chinese vaccines were not nearly as good as the mRNA ones) and an astounding 85% were estimated to have been infected in Dec/Jan. There is sufficient herd immunity to move forward and simply consider Covid a fact of life.


Urine Luck

Your job may suck, but at least it doesn't involve wielding a chainsaw to cut up rock-like piles of solidified urine. In regions without things like ice cores, this is a surprisingly good resource to understand historical climate.


The critters creating these structures are rock hyraxes whose urine is more of a goo as opposed to a liquid, which explains how it builds up over millennia.


Falling Stars

Hey, look at this, another entry in the "nothing is real anymore" category. Unsatisfied with the natural beauty of luck blessing us with something otherworldly like a meteor shower, a Japanese company is planning to send up rockets to dump stuff into the atmosphere to create a fake 'meteor' shower. What a time to be alive.

WTF

There are such things as "Reborn Monkey Dolls" - lifelike animal babies dressed in human clothes. The Internet was no help in explaining the very existence of these things much less the allure which has led to stellar reviews.


Seriously, what in the hell is going on? This s**t is creepy as all hell.

 

But the worst part is THEY ARE NOT MONKEYS. These are almost all baby orangutans, which are apes. Simply inconceivable for creepy dollmakers not to know this simple zoological fact. One star!

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