Episode 101

On this week’s Biotech Hangout, hosts Eric Schmidt, Daphne Zohar, Josh Schimmer and Paul Matteis kick off the show with a look at M&A in the sector and debate whether we’re in a “good market” for biotech, if the sector is overly dependent on M&A as an investment thesis and the therapeutic areas that are most attractive for M&A. The hosts also discuss “hot” targeted oncology modalities including radiopharm, ADCs and bispecifics, and predict which of these technologies will likely continue to benefit from M&A interest. Following earnings this week, the hosts cover Janux Therapeutics’ stock price dropping 11.5% while CytomX stock moves +120% to -40% in a matter of minutes. Acelyrin’s founder stepped down as CEO, which opens up a discussion amongst the hosts on how disruptive change at the top can be for an organization and when investors should and shouldn’t care about CEO transitions. The group also discusses Bluebird and Vertex prepping for the first commercial use of sickle cell gene therapies. The episode wraps up with a review of other news from the week including Maze’s deal with Shionogi for Pompe disease, Walking Fish shuts down, Denali’s regulatory update, and FDA sets June date for Eli Lilly’s Alzheimer's drug donanemab adcomm. *This episode aired on May 10, 2024.