![]() With funding down across the board, cost-cutting will be required, as many companies have found this year. (Also see " Finance Watch: Venture Capital Dominates Biopharma Funding So Far In 2022" - Scrip, 3 Jun, 2022.) (Also see " Finance Watch: Q1 Biopharma IPOs Shrink To A Fraction Of 2021 Total" - Scrip, 8 Apr, 2022.) As a result, venture capital fundraising totaled just $9.5bn in the first three months of 2022 compared to $10.8bn in the same period of 2021, but it was 53% of the Q1 total this year versus 32% in Q1 of last year, according to Biomedtracker. There were only nine initial public offerings by biopharmaceutical companies in the US during the first quarter of 2022 versus 32 in the first quarter of 2021, with IPO proceeds totaling just $807m in Q1 of this year versus $5.2bn in Q1 of last year, according to Scrip’s tally. The Next Big Patent Cliff Is Coming, And Time Is Running Out To Pad The Fall By Jessica Merrill īlockbusters like Stelara, Eliquis, Prolia and Ibrance are poised to lose US exclusivity over the next five years pressure is mounting for industry to replenish the portfolio with the next high-growth brands. Ways to navigate these rough waters is a key focus at BIO. The State Of The Financing Environmentīiotechnology stock valuations are down 30%-50% over the past year, depending on which index you track, impacting the ability of private drug developers to go public and for public companies to raise cash in follow-on offerings, so companies are looking for alternative strategies for managing their operations and keeping R&D programs on track, whether through financing, deals or cost-cutting. EU Biosimilar Filings, Opinions & ApprovalsĪs 2022 proves to be a year of missed predictions and uncertainty, we are using this year's BIO notebook to provide additional context by reviewing different industry metrics to provide more perspective to the comments coming from the meeting.To learn more, visit Drug Review Pathways & Approval Standards Silverback Therapeutics is located in Seattle, Washington. Initially, Silverback is creating a new class of targeted immuno-oncology agents that direct a TLR8 agonist myeloid cell activator to the tumor microenvironment in solid tumors to promote cancer cell killing. Silverback’s platform enables the strategic pairing of proprietary payloads that modulate key disease modifying pathways with monoclonal antibodies directed at specific disease sites. is a clinical-stage biopharmaceutical company focused on leveraging its proprietary ImmunoTAC technology platform to develop systemically delivered and tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases. Members of the Silverback management team will also host investor meetings during the conference. The live webcast of the event will be available on Silverback’s Investor Relations website and a replay will be available for 30 days following the event. Laura Shawver, Ph.D., Silverback’s Chief Executive Officer, and Valerie Odegard, Ph.D., Silverback’s President and Chief Scientific Officer, will participate in a fireside chat on Wednesday, February 16 th, 2022, at 1:00 PM ET (10:00 AM PT). ![]() (Nasdaq: SBTX) (“Silverback”), a clinical-stage biopharmaceutical company leveraging its proprietary ImmunoTAC technology platform to develop systemically delivered, tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases, today announced that Silverback management will participate in the SVB Leerink 11 th Annual Global Healthcare Conference from February 14-18, 2022. SEATTLE-( BUSINESS WIRE)-Silverback Therapeutics, Inc.
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