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Lessons in Cat­e­go­ry Cre­ation: In Con­ver­sa­tion with Bob­by Aza­mi­an, CEO Tar­sus Phar­ma­ceu­ti­cals
top stories
1. Yale’s Craig Crews builds model to guide biotech startups out of academia’s ‘valley of death’
2. FDA's top operating official Butler to retire, deputy to take over in April
3. BIO chief maintains support for Makary, but calls some FDA decisions 'head-scratchers'
4. UCB boards T cell engager train in $60M upfront deal with Antengene
5. Sanofi licenses Sino Biopharm's 'breakout star' transplant drug for $135M upfront
6. Blackstone to support Teva on Sanofi-partnered TL1A with $400M
7. Moderna will pay $950M to settle Covid vaccine patent claims with Arbutus, Roivant
more stories
 
Drew Armstrong
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There have been a number of efforts to try and solve the academia-to-industry path, and Kyle LaHucik's story today looks at the latest, from serial entrepreneur and star researcher Craig Crews. “We’re looking for those diamonds in the rough and hoping that the team will then be able to polish them up and sell them as assets,” Crews says.

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Drew Armstrong
Executive Editor, Endpoints News
@ArmstrongDrew
Craig Crews (Yale)
1
by Kyle LaHucik

Craig Crews has in­cu­bat­ed some no­table biotech com­pa­nies this cen­tu­ry, and hun­dreds of thou­sands of blood can­cer pa­tients have ben­e­fit­ed from a med­i­cine with roots in his Yale lab.

His lab’s dis­cov­er­ies, par­tic­u­lar­ly in in­duced prox­im­i­ty and pro­tein degra­da­tion, have spawned biotech com­pa­nies such as Pro­te­olix, Arv­inas and Hal­da Ther­a­peu­tics, which was bought last year by John­son & John­son for $3.05 bil­lion. But while those were suc­cess­es, the cre­ation process was clunky — a se­ries of one-off jour­neys with sep­a­rate lead­er­ship teams.

Now, 31 years in­to his tenure, Crews has de­vel­oped a lead foot when it comes to biotech en­tre­pre­neur­ship. He’s spent the past few se­mes­ters con­struct­ing a lean­er mod­el that he hopes will sprout many med­i­cines and enough ear­ly-stage M&A ex­its to sup­port an ever­green pipeline of risky projects. He’s formed a hold­ing com­pa­ny, Quar­ry, and an op­er­a­tions com­pa­ny with a shared lead­er­ship team to run mul­ti­ple biotech star­tups at the same time.

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2
by Zachary Brennan

Bar­clay But­ler, deputy com­mis­sion­er for op­er­a­tions and chief op­er­at­ing of­fi­cer in the FDA's of­fice of op­er­a­tions, will re­tire in the com­ing months, ac­cord­ing to an email to staff from FDA Com­mis­sion­er Mar­ty Makary that was re­viewed by End­points News.

But­ler's deputy, Melanie Keller, will take over both of his roles on April 6, ac­cord­ing to Makary's email. She has spent the last two decades at the NIH and FDA.

An FDA spokesper­son con­firmed the change. Ac­cord­ing to the FDA's web­site, But­ler over­sees "man­age­ment of busi­ness pro­grams and op­er­a­tions across the FDA en­ter­prise lev­el, in­clud­ing hu­man re­sources and fa­cil­i­ties."

But­ler took the dual op­er­at­ing roles last March af­ter serv­ing for a decade in the De­fense Health Agency and in the De­part­ment of De­fense.

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John Crowley, BIO CEO
3
by Max Bayer

John Crow­ley, CEO of the trade group BIO, says he still sup­ports FDA Com­mis­sion­er Mar­ty Makary even af­ter a se­ries of reg­u­la­to­ry de­ci­sions on his watch have caused frus­tra­tion and con­ster­na­tion among the biotech in­dus­try.

In an in­ter­view with End­points News on Tues­day, Crow­ley said the FDA “needs to con­tin­ue to suc­ceed” and that re­spon­si­ble reg­u­la­to­ry risk is crit­i­cal to fos­ter­ing a healthy ecosys­tem for drug de­vel­op­ers, par­tic­u­lar­ly for rare dis­ease treat­ments. He hasn’t seen as much of that.

“Some of the de­ci­sions have been head-scratch­ers.” Crow­ley said. “We need some sharp re­view and fo­cus, but the pat­tern here has been trou­ble in the rare dis­eases, par­tic­u­lar­ly in cell and gene ther­a­py.”

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Jay Mei, Antengene CEO (Endpoints/PharmCube)
4
by Kyle LaHucik

UCB is team­ing up with Chi­nese biotech An­ten­gene to de­vel­op a T cell en­gager in Am­gen's are­na, along­side bub­bling com­pe­ti­tion from As­traZeneca, Mer­ck and oth­ers.

The Bel­gian phar­ma is step­ping in­to the CD19xCD3 space in a pact with An­ten­gene that fea­tures $60 mil­lion up­front and $20 mil­lion in near-term mile­stones. The biotech could col­lect an­oth­er $1.1 bil­lion across de­vel­op­ment, reg­u­la­to­ry and sales mile­stones un­der the deal