Category: 3. Business

  • FDA Approves First Cellular Therapy to Treat Patients with Severe Aplastic Anemia – fda.gov

    1. FDA Approves First Cellular Therapy to Treat Patients with Severe Aplastic Anemia  fda.gov
    2. Additional Positive Results for Omisirge(R) in Treating Severe Aplastic Anemia Presented at ASH  Lexington Herald Leader
    3. Aplastic Anemia Market Expected to Experience Major Growth by 2034, According to DelveInsight  openPR.com

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  • Some Jhoots stores to be rebranded as JHL Pharmacy – The Pharmaceutical Journal

    1. Some Jhoots stores to be rebranded as JHL Pharmacy  The Pharmaceutical Journal
    2. Independent Jhoots pharmacy owner to rebrand amid wider network turmoil  TheBusinessDesk.com
    3. Manjity Jhooty distances his businesses from his brother’s and rebrands  Pharmacy Magazine
    4. Jhoots Pharmacy to rebrand after ‘irreparable damage’ to its name  thepharmacist.co.uk
    5. Pharmacy chain operating under the Jhoots name to rebrand after financial issues with unrelated businesses  Insider Media Ltd

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  • Deutsche Bank says buy Eaton, Honeywell; names 1 a top 2026 pick

    Deutsche Bank says buy Eaton, Honeywell; names 1 a top 2026 pick

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  • Trader Bags $1.15 Million Overnight After Netflix Ignites Warner Bros. Frenzy

    Trader Bags $1.15 Million Overnight After Netflix Ignites Warner Bros. Frenzy

    This article first appeared on GuruFocus.

    A trader just rode Warner Bros. Discovery (NASDAQ:WBD) to a stunning options windfall after Netflix (NASDAQ:NFLX) emerged as the apparent leader in a bidding race for the entertainment company. Late Thursday, almost $3 million in premium was placed on call spreads that could pay off if Warner Bros. shares moved above $23.50 within two weeks, with gains capped above $27. By early Friday morning, the trader unwound the position for $4.1 million, capturing roughly $1.15 million in profit, according to Susquehanna Market Intelligence, part of Susquehanna International Group. The structure showed no indication that the calls were hedged through selling shares, making the timing look highly deliberate.

    This was not the first time Warner Bros. options drew attention ahead of deal chatter. On Sept. 11, another trader spent $5.7 million on 100,000 Warner call options when the stock was trading at $13.10, securing the right to buy 10 million shares at $15 before Dec. 19. When news of the studio’s talks with Paramount Skydance surfaced later that afternoon, the contracts appeared to be sitting on a paper gain of between $4 million and $6 million, and Susquehanna noted that the trader seemed to exit the position the next day. Warner Bros.’ 102-year legacy and deep content portfolio have continued to attract intense market speculation as investors debate its future in a consolidating streaming landscape.

    Investors are dissecting the recent trades because they could reflect an expectation that Warner Bros. might benefit from strategic activity tied to Netflix’s interest or from broader deal momentum in media. Warner Bros. remains a highly strategic entertainment asset, and any incremental visibility into potential consolidation could be material for price discovery. While motives behind the trades are uncertain, the precision and speed of the profit-taking are turning heads across the options market, and more traders could be positioning for continued volatility or fresh catalysts in the weeks ahead.

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  • Capgemini named a Leader in 2025 Gartner® Magic Quadrant™ for Custom Software Development Services

    Capgemini named a Leader in 2025 Gartner® Magic Quadrant™ for Custom Software Development Services





    Capgemini named a Leader in 2025 Gartner® Magic Quadrant™ for Custom Software Development Services – Capgemini














    Capgemini named a Leader in 2025 Gartner® Magic Quadrant™ for Custom Software Development Services – Capgemini













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  • Toripalimab Plus Chemo Maintains Survival Benefit After 6 Years in Recurrent/Metastatic NPC

    Toripalimab Plus Chemo Maintains Survival Benefit After 6 Years in Recurrent/Metastatic NPC

    After 6 years of follow-up, toripalimab-tpzi (Loqtorzi) plus chemotherapy maintained its survival advantage over chemotherapy alone in patients with recurrent or metastatic nasopharyngeal carcinoma (NPC), according to long-term overall survival (OS) findings from the phase 3 JUPITER-02 study (NCT03581786).1

    In this exploratory post-hoc analysis, findings from which were presented at the 2025 ESMO Asia Congress, patients treated with toripalimab plus gemcitabine and cisplatin achieved a median OS of 64.8 months vs 33.7 months with chemotherapy alone. This translated to a 31-month improvement and a 38% reduction in the risk of death (HR 0.62; 95% CI, 0.45-0.85). Coherus Oncology, the drug’s developer, stated that these results reinforce the regimen’s role in the recurrent/metastatic setting.

    “The new 6-year overall survival follow-up data give us even greater confidence to use toripalimab in patients with NPC that is recurrent or metastatic,” Victoria Villaflor, MD, professor and director of the Head and Neck Oncology Program in the Division of Hematology-Oncology, Department of Medicine, at the University of California Irvine School of Medicine, stated in a news release.

    “These data suggest a significant long-term OS benefit for patients living with [recurrent/metastatic] NPC,” Rosh Dias, MD, chief medical officer of Coherus Oncology, added in the news release. “With these long-term data, [toripalimab] in combination with chemotherapy, reinforces the data supporting this regimen as the standard of care for patients living with [recurrent/metastatic] NPC.”

    Long-Term OS Updates From JUPITER-02: Topline Takeaways

    1. Findings from an exploratory post-hoc analysis showed that toripalimab plus gemcitabine and cisplatin produced a median OS of 64.8 months vs 33.7 months with chemotherapy alone after 6 years of follow-up.
    1. This translated to a 31-month OS improvement and a 38% reduction in risk of death (HR 0.62; 95% CI, 0.45-0.85).
    1. Taken together with the efficacy and safety findings from JUPITER-02 to date, these updated data reinforce the regimen’s role as a standard of care in the recurrent/metastatic setting.

    What was the design of JUPITER-02?

    The JUPITER-02 was a randomized, double blind, placebo-controlled study that evaluated the addition of PD-1 blockade to standard chemotherapy in patients with recurrent or metastatic nasopharyngeal carcinoma.

    The trial enrolled 289 patients with metastatic or recurrent, locally advanced NPC who had not received previous systemic chemotherapy for recurrent or metastatic disease.2 Patients were randomly assigned 1:1 to receive toripalimab at 240 mg every 3 weeks or the corresponding dose of placebo before receiving chemotherapy every 3 weeks for up to 6 cycles, followed by either toripalimab or placebo maintenance for up to 2 years.2,3 The chemotherapy regimen included 1,000 mg/m2 of administered intravenous (IV) gemcitabine administered on days 1 and 8 and 80 mg/m² of IV cisplatin on day 1 of each cycle.

    The primary end point was progression-free survival (PFS) according to RECIST 1.1 criteria.2 Key secondary end points included OS, overall response rate, disease control rate, duration of response, and safety.

    What prior data have been reported from this trial?

    In JUPITER-02, the combination reduced the risk of disease progression or death by 48% vs chemotherapy alone (HR, 0.52; 95% CI, 0.36-0.74; P < .0003).4 The median PFS was 11.7 months (95% CI, 11.0–not evaluable [NE]) in the combination arm (n = 146) vs 8.0 months (95% CI, 7.0-9.5) in the control arm (n = 143).2 The median OS was not reached (95% CI, 38.7 months, not estimable) with the toripalimab combination vs 33.7 months (95% CI, 27.0, 44.2) with chemotherapy alone (95% CI, 27.0-44.2).4 This translated to a 37% reduction in the risk of death vs chemotherapy alone (HR, 0.63; 95% CI, 0.45-0.89; P = .0083).

    These results supported the 2023 FDA approval of toripalimab in combination with cisplatin and gemcitabine for the first-line treatment of adult patients with metastatic or recurrent locally advanced nasopharyngeal carcinoma.2 The FDA also approved toripalimab as monotherapy for patients with recurrent unresectable or metastatic NPC who progressed on or after platinum- containing chemotherapy based on findings from the phase 2 POLARIS-02 trial (NCT02915432).

    What are the key safety considerations for toripalimab plus chemotherapy?

    Toripalimab is often associated with immune-mediated adverse effects (AEs) such as pneumonitis, colitis, hepatitis, endocrinopathies, nephritis with renal dysfunction, and skin adverse reactions.1

    The most frequently observed (≥ 20%) AEs with toripalimab plus chemotherapy included nausea, vomiting, decreased appetite, constipation, hypothyroidism, rash, pyrexia, diarrhea, peripheral neuropathy, cough, musculoskeletal pain, upper respiratory infection, insomnia, dizziness, and malaise.

    References

    1. Coherus announces six-year JUPITER-02 follow-up results showing LOQTORZI plus chemotherapy nearly doubles median overall survival in nasopharyngeal carcinoma. News release. Coherus. December 8, 2025. Accessed December 8, 2025. https://investors.coherus.com/news-releases/news-release-details/coherus-announces-six-year-jupiter-02-follow-results-showing
    2. The efficacy and safety study of toripalimab injection combined with chemotherapy for nasophapyngeal cancer. ClinicalTrials.gov. Updated September 2, 2025. Accessed December 8, 2025. https://www.clinicaltrials.gov/ct2/show/NCT03581786
    3. FDA approves toripalimab-tpzi for nasopharyngeal carcinoma. FDA. October 27, 2023. Accessed December 8, 2025. https://www.fda.gov/drugs/resources-information-approved-drugs/fda-approves-toripalimab-tpzi-nasopharyngeal-carcinoma
    4. Coherus and Junshi Biosciences announce FDA approval of Loqtorzi (toripalimab-tpzi) in all lines of treatment for recurrent or metastatic nasopharyngeal carcinoma (NPC). News release. Coherus BioSciences and Shanghai Junshi Biosciences. October 27, 2023. Accessed December 8, 2025. https://investors.coherus.com/news-releases/news-release-details/coherus-and-junshi-biosciences-announce-fda-approval-loqtorzitm

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  • GLPG5101 Yields Rapid Time to Infusion, Durable Responses in R/R NHL, MCL | Targeted Oncology

    GLPG5101 Yields Rapid Time to Infusion, Durable Responses in R/R NHL, MCL | Targeted Oncology

    Results from the ongoing phase 1/2 ATALANTA-1 trial (CTIS: 2022-502661-23-00; NCT06561425) indicate that GLPG5101, a novel CD19-targeted chimeric antigen receptor (CAR) T-cell therapy, demonstrated a manageable safety profile and notable efficacy results in patients with relapsed/refractory (R/R) non-Hodgkin lymphoma (NHL) including mantle cell lymphoma (MCL).1,2

    Results from the MCL cohort were announced at the 2025 ASH Annual Meeting by Marie Jose Kersten, MD, PhD, professor of hematology at Amsterdam UMC, on December 7, 2025.1 Previous results were published in Blood on November 5, 2024.2

    The therapy showed high and durable antitumor activity across the studied NHL subtypes. In the R/R MCL patient cohort (n = 24), at 9.1 months’ median follow-up, all the patients achieved an overall response, and the complete response (CR) rate was 95.8%.1

    The therapy is distinguished by its use of a fresh, stem-like, early memory T-cell phenotype and a rapid, decentralized manufacturing platform that enables a 7-day vein-to-vein time.

    Efficacy was evaluated in 42 patients who had reached the first response assessment. The objective response rate (ORR) was 88% (n = 37/42).2 The CR rate was 83% (n = 35/42). Of 11 responding patients in phase 1 of the study, 10 had an ongoing response at the data cutoff and 1 patient completed the study while in CR. In phase 2 of the study, all 21 patients had an ongoing response at the data cut off. Of the total patients, 4 (3 with diffuse large B-cell lymphoma [DLBCL] and 1 with MCL) experienced progression after achieving an initial response.

    GLPG5101 demonstrated robust expansion in the body across all tested dose levels and disease indications. Persistent CAR T-cells were detected in peripheral blood for up to 21 months post-infusion, indicating long-term durability.

    Minimal residual disease (MRD) negativity in plasma was achieved in 12 of 15 (80%) evaluable patients who had achieved a CR. Crucially, all 11 MRD-negative patients with a minimum of 6 months follow-up remained in ongoing CR at the time of data cut off, linking deep molecular remission to durable clinical benefit.

    In the R/R MCL cohort, 90% (n = 9/10) of MRD-evaluable patients were MRD-negative at CR. Additionally, 7 of the 9 MRD-negative patients remained in CR at the time of the data cut off.1

    Safety Profile of GLPG5101

    GLPG5101 demonstrated a manageable safety profile with low incidence of high-grade toxicities in the MCL cohort. The reported data reflects treatment-emergent adverse events (TEAEs) reported up to 14 weeks post-infusion.

    In phases 1 and 2, any grade cytokine release syndrome (CRS) occurred in 9 vs 10 patients. Grade 3 or higher CRS occurred in 1 vs 0 patients. Any grade immune effector cell–associated neurotoxicity syndrome (ICANS) occurred in 6 vs 4 patients, and grade 3 or higher ICANS occurred in 0 vs 1 patients.

    The most frequently reported TEAEs of grade 3 or higher were hematologic. Out of 49 infused patients, 2 died during the treatment period and 1 died during follow-up.

    Study Design and Patient Characteristics

    This is an ongoing phase 1/2 study designed to evaluate the safety and efficacy of GLPG5101.

    The primary objectives of phases 1 and 2 are to establish the safety, determine the recommended phase 2 dose, and to evaluate the efficacy of GLPG5101. The secondary objectives are to assess manufacturing feasibility, further safety parameters, and additional efficacy metrics such as duration of response and MRD.

    The ATALANTA-1 trial enrolled heavily pretreated adult patients with various subtypes of R/R NHL. Patients had a median of 2 prior systemic therapies. Eligible indications included DLBCL, MCL, follicular lymphoma, marginal zone lymphoma, Burkitt lymphoma, and primary central nervous system lymphoma.

    In the MCL cohort, the median age of patients in phase 1 was 66.5 years (range, 25–78), and 67 years (range, 40–81) in phase 2. The median range of prior therapies between both phases was 2.5 (range, 1–7) vs 3 (range, 2–11). The majority of patients had received prior Bruton tyrosine kinase inhibitor.1

    As of the data cutoff, 53 patients had undergone leukapheresis, 49 received an infusion, and 47 of the 49 patients received fresh product. In the R/R MCL cohort, 25 patients received CAR T-cell infusion, with 24 patients receiving fresh product.

    A 7-day vein-to-vein time was successfully achieved in 43 of the 47 patients (91%) who received the fresh product. In the R/R MCL cohort specifically, 23 of 24 patients achieved a 7-day vein-to-vein time. Short vein-to-vein time eliminated the need for cytotoxic bridging therapy for all patients who received a fresh product.

    The final product demonstrated significant enrichment of desired T-cell phenotypes compared to the starting material. The proportion of early T-cell phenotypes (naive/stem cell memory and central memory) was significantly increased in both CD4+ and CD8+ CAR T cells. A median increase in the CD4:CD8 ratio of CAR+ T cells was observed in the final product.

    In August 2025, GLPG5101 received a regenerative medicine advanced therapy designation in MCL from the FDA based on preliminary clinical data.3

    The interim results from the ATALANTA-1 study provide strong evidence for the potential of GLPG5101 as a novel CAR T-cell therapy for R/R NHL. The rapid, 7-day vein-to-vein manufacturing time is a significant logistical advantage that can accelerate access to treatment for patients with urgent clinical needs..

    “In conclusion, in the ATALANTA-1 study, we saw deep and durable responses in patients with MCL, including patients with high-risk features, of course with relatively short follow-up,” concluded Kersten during the presentation.1 “And we saw…a 96% CR in patients with high-risk disease and a duration of response at 9 months of 83%. We have a very favorable safety profile, no grade 3 or higher CRS and only 1 patient with grade 3 ICANS. We would feel very comfortable even in [patients with MCL] to deliver this therapy on an outpatient basis…All in all, we think this product should be further developed.”

    REFERENCES
    1. Kersten M, Vermaat J, Mutsaers P, et al. High complete response rates and minimal residual disease (MRD) negativity, with durable responses, in high-risk mantle cell lymphoma (MCL) with GLPG5101, a fresh, early memory-enriched CAR T-cell therapy with a 7-day vein-to-vein time: Results from the ATALANTA-1 MCL cohort. Presented at: 2025 ASH Annual Meeting; December 7, 2025; Orlando, Florida. Abstract 662.
    2. Kersten M, Saevels K, Willems E, et al. ATALANTA-1: A phase 1/2 trial of GLPG5101, a fresh, stem-like, early memory CD19 CAR T-cell therapy with a 7-day vein-to-vein time, for the treatment of relapsed/refractory non-Hodgkin lymphoma. Blood. 2024;144(suppl 1):93. doi:10.1182/blood-2024-205360.
    3. Galapagos NV announces U.S. FDA Regenerative Medicine Advanced Therapy (RMAT) designation granted to GLPG5101 for the treatment of relapsed/refractory mantle cell lymphoma. News release. Galapagos NV. Published February 10, 2025. Accessed August 12, 2025. https://tinyurl.com/vkvnfvps

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  • Banning stablecoin remuneration will not protect banks’ deposits

    Banning stablecoin remuneration will not protect banks’ deposits

    Stablecoins are here to stay and regulators, far from burying their heads in the sand, are taking on the new challenge they present. Rules on how stablecoin issuers conduct their business are a necessary component of a stable financial ecosystem in which these instruments play a role. But what is driving the formation of these rules?

    When seeking to protect financial stability from the new threats stablecoins present, there are two scenarios that concern central banks. First, rapid redemptions of stablecoins would require the issuer to quickly dispose of reserve assets, causing a slump in the price of these assets (or the funding liquidity of deposit takers) and risking contagion. The second scenario is the possibility that the increasing popularity of stablecoins will cause banks to lose deposits.

    Protecting banks from rapid runs is part of regulators’ responsibilities. Runs on solvent and viable banks are a market failure and, as such, financial stability policy should be calibrated to reduce their likelihood.

    But does a structural migration of deposits away from banks into a new product – for example, stablecoins – necessarily represent a risk to financial stability? It should not present per se a crisis for bank funding.

    Banks have a variety of sources of financing and can lean on capital markets to ensure that they have the requisite capital to create credit and keep the economy running. Even if funding costs of banks increased, a necessary condition for regulatory intervention is a market failure. It would need to be associated with some positive externalities of banking, which would be lost if deposits migrate to narrow balance-sheet issuers of money, such as Tether or USDC.

    Making stablecoins less attractive won’t solve the issue

    Most regulators seem to see it as their obligation to ensure that stablecoins are structured to be less attractive than bank deposits. The evidence for this is clear: major stablecoin regimes from many jurisdictions prohibit the paying of interest. Since stablecoins are not remunerated, this prevents them from competing with bank deposits.

    Moreover, regulatory measures to protect bank deposits should not be based on the attempt to prevent stablecoins from being safe and trustworthy. Neither should they create new cyclicality and unintended instability of funding liquidity.

    Banning remuneration for stablecoin holders leads to the attractiveness of stablecoins versus bank deposits fluctuating with the interest rate. This means that both stablecoins and banks face fluctuating demand, rather than stability. News on the interest rate path becomes big news on the competitiveness and business models of stablecoins – relative to banking. And as the history of liquidity crises tells us, even small news can trigger big, self-fulfilling flows of funds.

    There is another explanation for the prevalence of the ban on remunerated stablecoins. In the same way as they did for central bank digital currencies, banks effectively lobbied regulators that remuneration of a new monetary instrument would compromise their business models.

    It may be the case that the link between deposits and banking is uniquely valuable. If it is, then central banks should say so and provide evidence, because insisting that stablecoin holders do not receive interest on their holdings does not make stablecoins safer or less likely to be the destination of acute deposit flight in the event of bank distress.

    An alternative approach

    Contrast this with an approach where stablecoin issuers are able to earn interest on reserves held at the central bank. First, this would mean that stablecoins were backed by the safest possible asset. Second, it would give the central bank a means of controlling the relative attractiveness of stablecoins versus bank deposits and limiting the likelihood of runs. Rapid inflows above a certain size could be negatively remunerated, limiting the amount of value stablecoin issuers are able to pass on to holders and thereby rendering them less attractive.

    Remuneration of stablecoins’ deposits with the central bank should however be lower than the one obtained by banks for four reasons. The first is the need for general initial prudence towards this new form of settlement asset. Second is the negative externalities from the use of stablecoins for illicit payments (applying only to stablecoins circulating on pseudonymous public blockchain networks and awaiting the achievement of a regulatory level-playing field with the banking system).

    The third reason is to protect the positive externalities of banking for society (which eventually require further proof). And fourth is because a part of the seignorage income generated by stablecoins would come from their safety, resulting from their full backing in central bank money, i.e. the possible perception that they are substitutes for central bank money. A part of the seignorage income that stablecoins generate should thus be owned by central banks.

    The spread between the remuneration of banks´ deposits with the central bank and those of stablecoins would summarise the views on these four points. This kind of framework both ensures the maximum safety of stablecoins and gives regulators a tool to address market failures.

    The alternative to this would be a laissez-faire approach that only imposes strict capital and liquidity requirements on stablecoin issuers (which should be done in any case). Imposing zero remuneration is counterintuitive and destabilising because of the unintended dependence of its effects on the level of interest rates.

    Ulrich Bindseil was Director General, Market Infrastructure and Payment Systems at the European Central Bank. Lewis McLellan is Head of Content, Digital Monetary Institute, OMFIF.

    This commentary expands on ideas discussed in a recent paper published by Ulrich Bindseil available here.

    Interested in this topic? Subscribe to OMFIF’s newsletter for more.

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  • INCA033989 Nets FDA Breakthrough Therapy Designation in CALR-Mutated R/R Essential Thrombocythemia

    INCA033989 Nets FDA Breakthrough Therapy Designation in CALR-Mutated R/R Essential Thrombocythemia

    The first-in-class mutant calreticulin (CALR)–targeted monoclonal antibody INCA033989 has been granted breakthrough therapy designation by the FDA for the treatment of patients with essential thrombocythemia harboring a type 1 CALR mutation who are resistant or intolerant to at least 1 cytoreductive therapy.1

    Data from the phase 1 INCA033989-101 (NCT05936359) and INCA033989-102 (NCT06034002) trials supported the designation. Findings from the trials presented during the 2025 European Hematology Association Congress demonstrated that no dose-limiting toxicities (DLTs) were reported in patients treated across dose levels (n = 49) and the maximum tolerated dose was not reached.2 At the data cutoff, most patients remained on treatment (98%) and the median duration of treatment exposure was 22.6 weeks (range, 0.6-69.2%). Updated results from the studies are planned to be presented during the 2025 ASH Annual Meeting.1

    “Incyte has long been committed to improving outcomes for patients with MPNs, and this Breakthrough Therapy designation underscores the potential of INCA033989 to be a novel therapy that could significantly transform the treatment of patients [with] essential thrombocythemia, who today have limited treatment options,” Pablo J. Cagnoni, MD, president and head of research and development at Incyte, stated in a news release. “The designation allows us to expedite the development pathway for INCA033989 in patients with type 1 mutations.”

    How were these phase 1 studies designed?

    The essential thrombocytopenia cohort of INCA033989-101 and INCA033989-102 trials enrolled patients with a diagnosis of essential thrombocytopenia per 2022 World Health Organization criteria.2 Patients also needed to have disease harboring a CALR exon 9 mutation, documented resistance or intolerance to at least 1 previous line of cytoreductive therapy, a platelet count of more than 450 × 109/L, and high-risk disease. High-risk disease was defined as being at least 60 years old, having a history of thrombosis, history of major bleeding without any clearly documented alternative explanation, or extreme thrombosis.

    INCA033989-101 enrolled patients outside the US and INCA033989-102 was a US-only study. Patients received intravenous INCA033989 every 2 weeks at doses ranging from 24 mg to 2500 mg.

    The primary end points were the incidences of DLTs and treatment-emergent adverse effects (TEAEs). Secondary end points included response rate per European LeukemiaNet criteria, symptom improvement per the Myeloproliferative Neoplasm Symptom Assessment Form total symptom score, changes in allele burden of mutant CALR, and pharmacokinetic measures.

    What additional safety and efficacy data have been reported with INCA033989?

    Additional findings from these studies showed that the best overall response rates among patients treated at the 24-mg to 250-mg dose levels were 80% and 86%, respectively. Respective complete response (CR) rates were 68% and 82% in patients who were treated in the 400-mg to 2500-mg dose range.

    Most evaluable patients (89%; n = 34/38) achieved a reduction in the variant allele frequency (VAF) of mutant CALR. Forty-seven percent of these patients experienced a reduction of more than 20% of mutant CALR VAF, and 21% achieved a greater than 50% reduction. A reduction of at least 20% of mutant CALR VAF occurred within 6 cycles for all 18 responders, and all molecular responders achieved a hematological response of either a CR or a partial response.

    Further safety data revealed that any-grade TEAEs occurred at a rate of 85.7%, including treatment-related (61.2%), grade 3 or higher (26.5%), and serious (6.1%) TEAEs. Treatment discontinuation (2.0%) and dose reduction (2.0%) due to TEAEs also occurred. Most TEAEs were grade 1 to 2 in severity and the most frequent grade 3 or higher TEAE was a transient increase in asymptomatic lipase levels (6.1%).

    “Looking ahead, we plan to initiate a phase 3 program evaluating INCA033989 in patients [with] essential thrombocythemia with all types of CALR mutations in mid-2026, following alignment with regulators in the first half of next year,” Cagnoni noted in the news release.1

    References

    1. Incyte’s first-in-class mutCALR-targeted monoclonal antibody, INCA033989, granted breakthrough therapy designation by U.S. FDA. News release. Incyte. December 7, 2025. Accessed December 8, 2025. https://incytecorp.gcs-web.com/news-releases/news-release-details/incytes-first-class-mutcalr-targeted-monoclonal-antibody
    2. Mascarenhas J, Ali H, Yacoub A, et al. INCA33989 is a novel, first-in-class, mutant calreticulin-specific monoclonal antibody that demonstrates safety and efficacy in patients with essential thrombocythemia (ET). Presented at: 2025 European Hematology Association Congress; June 12-15, 2025; Milan, Italy. Abstract LB4002

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  • Tiger Global launches new fund as it takes more disciplined approach

    Tiger Global launches new fund as it takes more disciplined approach

    Tiger Global Management announced Monday the launch of its latest venture capital fund, Private Investment Partners 17, targeting a raise between about $2 billion and $3 billion, according to a letter to investors viewed by CNBC.

    The hedge fund wrote that it’s expecting PIP 17 to be similar in “strategy, size and construction” to its earliest vintages and its most recent, PIP 16, which targeted $6 billion but ultimately closed at $2.2 billion.

    The largest positions in PIP 16 are OpenAI and Waymo.

    Compared to the megafunds of the early 2020s, the latest target signals a pivot to a more disciplined strategy for Tiger Global.

    The firm was one of the biggest forces in the startup ecosystem over the last half-decade, but has seen heavy markdowns and slower deployment in the last few years.

    In 2021, the heyday of its “spray and pray” approach, it led 212 rounds, according to Crunchbase data. This year, it made just nine new private investments.

    Tiger first invested in OpenAI in 2021 at a valuation of less than $16 billion and in Waymo that same year at $39 billion. Those stakes today are at massive gains.

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