Entries by Joachim Eeckhout

Argenx halts Phase 3 Sjögren’s trial, sending shares tumbling

Argenx is stopping its Phase 3 UNITY trial of efgartigimod in Sjögren’s disease after an interim analysis showed the study could not meet its primary endpoint. Shares fell about 18% in Euronext Brussels trading following the announcement, overshadowing positive Phase 2 results for its recently acquired celiac disease drug FB102.

Report: Europe’s biotech leaders see recovery, but investors remain the obstacle

Exclusive European data from BIO-Europe’s inaugural C-suite survey, shared with European Biotechnology, shows a sector expecting better funding conditions while struggling with investor caution. Among 69 executives at European-headquartered companies, 84% identify investor risk aversion as biotech investment’s biggest constraint, even as 70% expect their company’s access to capital to improve over the next year.

Sensible secures $47M to rethink mRNA manufacturing

Oxford-based Sensible Biotechnologies has secured a $47 million (€42 million) financing package to scale a platform that makes mRNA in living cells, targeting manufacturing costs and unwanted immune activation that can limit its use in treatments beyond vaccines.