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Weekly Update

January 15th, 2025

News Updates

5 questions facing emerging biotech in 2025 | BioPharmaDive

Competition from China and a barely open “IPO window” are among the challenges confronting young drugmakers this year.


US imposing new export controls on biotech equipment over China concerns | Reuters

The U.S. Commerce Department said Wednesday it is imposing new export controls on biotechnology equipment and related technology because of national security concerns tied to artificial intelligence and data science.


Medtronic inks distribution deal with Contego with option to buy firm | MedTechDive

Medtronic will be the exclusive U.S. distributor of Contego Medical’s portfolio, which includes a carotid stent system and thrombectomy devices.


JPM25: Roche has access to $10B in M&A firepower per year, pharma CEO says. Where will it spend the money? | Fierce Biotech

Roche has about $10 billion in M&A firepower it can deploy every year, but it’s “not just going to spend money,” the company’s pharma CEO Teresa Graham said at the J.P. Morgan Healthcare Conference.


PBMs made billions marking up specialty drugs by more than 1,000 percent: FTC | The Hill

The FTC on Tuesday released its second interim report on PBM, saying the major industry middlemen generate billions in revenue through vertical integration, industry dominance and marking up the prices of specialty drugs.


Bristol Myers Squibb says Alzheimer’s is the biggest market for new schizophrenia drug | CNBC

Bristol Myers Squibb believes Alzheimer’s treatment is the largest potential market for its newly approved schizophrenia drug, Cobenfy, which it expects to eventually generate billions of dollars in sales across different uses. 


Singapore’s biotech scene: 7 companies leading the way in 2025 | Labiotech

The integration of artificial intelligence (AI) in the biotech industry seems boundless. Its combination with CRISPR could be the one area where AI has the most potential.

NCI SBIR MATCHUP Program

Connecting NCI SBIR/STTR-funded small businesses and the next generation of scientists


The Mentor And Trainee Connections Hub Program (MATCHUP) by NCI SBIR connects trainee scientists with small businesses that have NCI small business funding. Partners through MATCHUP are then encouraged to apply for an Administrative Supplement to Promote Diversity, which provides funding for trainee scientists to work on an NCI SBIR-funded project.


For more information, click here!

Special Saving on Lab Supplies

Become a member of SoCalBio and enjoy fantastic savings on lab supplies from Avantor's extensive catalog through SoCalBio's Group Purchasing.

Learn More!

Children with rare diseases call for legislation 


Children and teens with rare diseases candidly discussed their health challenges and legislation to enable new treatments during a Dec. 19 briefing for the Rare Disease Congressional Caucus.


“75% of us rare disease patients are children, and 30% of us do not live to see our fifth birthdays,” said 10-year-old Sati Cooper-McCann, whose Stickler syndrome lacks a cure, during the online briefing organized by the Rare Disease Legislative Advocates (RDLA) of the EveryLife Foundation for Rare Diseases.


“For the first time in a long time, I had hope,” said Rafaella Kopelan, 17, who described learning of a treatment for her ultra-rare blistering disease. “I could now dream about what I would do once the burdens have lessened. So, I let myself make friends.”


The legislation we need:

What’s next: Neither provision was included in the spending package that passed Congress at the end of the year, but the bills have bipartisan support, giving hope for action from the current Congress, which opened Friday.


See the Bio.News story and videos of the children’s testimony.



Buzz around JPM Week partnering bodes well for biotech dealmaking, BIO says


Increased interest in JPM Week this year is an indication of an improved dealmaking environment for biotech, say BIO experts facilitating partnering at the event.


What's happening: A record 6,000-plus meetings were scheduled through BIO’s partnering platform ahead of the J.P. Morgan Healthcare conference and related events in San Francisco.


Why it matters: “The macroeconomic indicators that we’re seeing include very strong interest in new deals—stronger than we’ve seen over the past two years,” says Bernard Fallon, BIO Deputy VP of Industry Programs. “We can expect a lot of activity at JPM Week.”


BIO’s cutting-edge partnering toolkit includes the BIO One-on-One Partnering™ platform, which lets registrants share profiles and describe their interests, to facilitate matchmaking and schedule meetings.


BIO also provides room to network, with more than 100 meeting tables at San Francisco’s Marriott Marquis. “For many BIO partners or people using our platform, our meeting space becomes kind of their hub,” says Mackensie Vernetti, BIO VP of Partnering.


The bottom line: “This can help them obtain the capital that will ultimately enable them to get new medicines to patients,” Fallon says.


Read more on Bio.News.


Special Reports

As part of the Council of State Bioscience Associations (CSBA), We are excited to announce the release of the 11th biennial Biotechnology Innovation Organization and CSBA report: "The U.S. Bioscience Economy: Driving Economic Growth and Opportunity in States and Regions".


Read the full reports
For Califonria specific data
Learn More!

Southern California Biomedical Council 401(k) Retirement Plan Exchange® now available in partnership with Gallagher, TAG Resources, and Transamerica.


Our solution makes it easy by offering employers a professional suite of recordkeeping, administrative, fiduciary, and investment management services.

Learn More!

New Real Estate Oppotunity In Anaheim

3071 E. CORONADO STREET, ANAHEIM, CA


  • 7,665 SF of Corporate Image Office Area (Two Story)
  • 32’ minimum warehouse ceiling clearance
  • ESFR sprinkler system with K25 sprinkler heads
  • 12 dock-high loading doors
  • 139 parking stall
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  • Concrete throughout loading area

Local Highlights

Do you have a recent scientific breakthrough, investment milestone, or commitment you would like to share? We are always looking to share our member's stories Submit your stories to scbc@socalbio.org

Regulatory Approval Clears Path for Oncolytics Biotech® to Advance Promising Pancreatic Cancer Treatment, Following a Review of Safety Data


Sapient Partners with Alamar Biosciences to Extend Targeted Proteomics Services Using NULISA™ Assays for Cytokines, Chemokines, and Inflammatory Mediators


Rancho Biosciences and ONTOFORCE Collaborate to Leverage High Quality Data for Target Identification


Bionano Announces Use of OGM in Preimplantation Genetic Testing as Part of Successful Live Birth to a Couple Experiencing Recurrent Pregnancy Loss


Applied BioCode Announces New Nucleic Acid Extraction Claim for KingFisher™ Flex Nucleic Acid Purification System with BioCode® Gastrointestinal Pathogen Panel (GPP)


Acadia Pharmaceuticals Submits Marketing Authorization Application to the European Medicines Agency for Trofinetide for the Treatment of Rett Syndrome


Curebound Closes 2024 by Awarding 17 New Cancer Research Grants, Bringing Total Annual Funding to $8.25M


Ionis enters new chapter in 2025 as commercial-stage biotech with multiple independent product launches anticipated and continued late-stage pipeline momentum


Tarsus Provides 2025 Update: Accelerating the Launch of XDEMVY® and Establishing Ocular Rosacea as the Next Category-Creating Opportunity in Eye Care


Artelo Biosciences Announces Successful Completion of First Cohort in a Phase 1 Study of ART26.12


ORIC® Pharmaceuticals Provides Early Phase 1b Combination Data for ORIC-944, Operational Highlights for 2024, and Anticipated Upcoming Milestones


Werfen Receives US FDA 510(k) Clearance for Aptiva® Antiphospholipid Syndrome Reagents


Aspen Neuroscience Announces Completion of First and Second Cohorts in ASPIRO Phase 1/2a Trial for Parkinson’s Disease


Revvity and Element Biosciences Collaborate to Advance Sequencing-based IVD Neonatal Testing


Cytovance Biologics and PolyPeptide Announce Collaboration for Microbial and Mammalian-Expressed Peptide Drugs

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