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HEALTHCARE | Biotechnology
cygnaltx.com

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Founded Year

2017

Stage

Series B | Alive

Total Raised

$65M

Last Raised

$65M | 2 yrs ago

About Cygnal Therapeutics

Cygnal Therapeutics is building a platform to develop drugs in the field of exoneural biology. Exoneural biology is broadly implicated in human health and disease. Fueled by its Exoneural Medicine Platform, it is creating new medicines across multiple therapeutic areas, starting with cancer and inflammatory diseases.

Cygnal Therapeutics Headquarter Location

Biomed Parking Lot 325 Vassar Street

Cambridge, Massachusetts, 02139,

United States

877-441-4374

Latest Cygnal Therapeutics News

With GlaxoSmithKline in the rearview mirror, Abbas Hussain is ready to lead a biotech of his own; Doug Treco scores first CEO job since Ra Pharma buyout

Jun 25, 2021

Ab­bas Hus­sain → Ab­bas Hus­sain was once con­sid­ered to be a top can­di­date to take An­drew Wit­ty’s place as CEO of Glax­o­SmithK­line in 2016. When the job was ul­ti­mate­ly giv­en to Em­ma Walm­s­ley — who has been in her own spots of both­er re­cent­ly — Hus­sain quit as GSK’s glob­al pres­i­dent of phar­ma­ceu­ti­cals and vac­cines in Jan­u­ary 2017. Four years lat­er, Hus­sain gets be­hind the CEO wheel at Swiss-based Vi­for Phar­ma, which has a PDU­FA date of Aug. 23 with its Cara– part­nered drug Ko­r­su­va for pru­ri­tis in he­modial­y­sis pa­tients. Hus­sain of­fi­cial­ly takes over for the de­part­ing Ste­fan Schulze a week be­fore that date on Aug. 16. Schulze had been in charge at Vi­for since March 2020 and is leav­ing for per­son­al rea­sons. In be­tween GSK and Vi­for, Hus­sain has been a se­nior part­ner at C-Bridge Cap­i­tal and held seats on the board of di­rec­tors at CSL, Te­va Phar­ma­ceu­ti­cals and Cochlear. Doug Tre­co → What’s next for Doug Tre­co af­ter UCB ponied up $2.5 bil­lion in 2019 to buy the com­pa­ny he co-found­ed, Ra Phar­ma­ceu­ti­cals? An­oth­er crack at lead­ing a biotech. Tre­co re­places found­ing CEO Alex Leech at start­up Alchemab Ther­a­peu­tics, which in April pulled in $82 mil­lion from a Se­ries A round and is de­vel­op­ing an an­ti­body ther­a­py for Hunt­ing­ton’s while team­ing up with As­traZeneca on prostate can­cer re­search. Tre­co co-found­ed Ra Phar­ma in 2008 with Palleon CEO Jim Brod­er­ick, and he al­so co-found­ed Tran­skary­ot­ic Ther­a­pies, pur­chased by Shire in 2005. → Ben Thorner sig­naled on Twit­ter this week that he is leav­ing Mer­ck: Af­ter 7.5 years at Mer­ck and near­ly 5 years lead­ing glob­al BD&L for MRL, it is time for me to move on (as of ear­ly Au­gust). My time at Mer­ck has been stel­lar and I would not have trad­ed this ex­pe­ri­ence for any oth­er. Thorner’s de­par­ture is rep­re­sen­ta­tive of an on­go­ing chang­ing of the guard at Mer­ck in which CEO Ken Fra­zier of­fi­cial­ly pass­es the ba­ton to Robert Davis this com­ing Thurs­day. Dean Li has suc­ceed­ed Roger Perl­mut­ter — now the CEO of Eikon — as the phar­ma gi­ant’s R&D chief, and Car­o­line Litch­field took Davis’ old CFO job in April. Chief mar­ket­ing of­fi­cer Mike Nal­ly al­so broke away from Mer­ck to be­come CEO of Flag­ship-found­ed Gen­er­ate Bio­med­i­cines. An­drew Hotchkiss → One of the 163 jobs that were slashed when Eli Lil­ly swooped in to buy Der­mi­ra — clos­ing up shop at the Men­lo Park, CA fa­cil­i­ty in the process — was that of CEO An­drew Hotchkiss. Get­ting up off the mat quick­ly, Hotchkiss is tak­ing con­trol of an­oth­er com­pa­ny: Draup­nir Bio, a Dan­ish car­dio­vas­cu­lar biotech fo­cused on PC­SK9. Be­fore lead­ing Der­mi­ra, Hotchkiss was chief com­mer­cial of­fi­cer and in­ter­im pre­de­ces­sor of CEO Bahi­ja Jal­lal at Im­muno­core and de­vot­ed more than two decades to Eli Lil­ly. The In­di­anapo­lis phar­ma bought Der­mi­ra for $1.1 bil­lion with its sights set on IL-13 in­hibitor le­brik­izum­ab to com­pete against Dupix­ent. → CSO Piet Wiger­inck is jump­ing ship at Gala­pa­gos months af­ter the com­pa­ny axed chunks of its pipeline fol­low­ing a re­jec­tion for Gilead-part­nered rheuma­toid arthri­tis drug fil­go­tinib. Wiger­inck joined the com­pa­ny in 2008 as SVP of de­vel­op­ment and be­came CSO in 2012. In his role, he over­saw the dis­cov­ery of nov­el tar­gets through to clin­i­cal proof-of-con­cept stud­ies, led the first clin­i­cal re­search in healthy vol­un­teers and was re­spon­si­ble for two Phase II pro­grams for fil­go­tinib, a JAK in­hibitor. Gala­pa­gos CMO Walid Abi-Saab will be tak­ing over ear­ly-stage de­vel­op­ment ac­tiv­i­ties, while Wiger­inck will be stay­ing with the com­pa­ny for an­oth­er five months as they search for a re­place­ment. Pe­ter Bach → Memo­r­i­al Sloan Ket­ter­ing re­searcher Pe­ter Bach, an out­spo­ken tweet­mas­ter who’s spent a decade ar­dent­ly crit­i­ciz­ing the in­dus­try over drug pric­ing, has nabbed a spot at liq­uid biop­sy start­up Delfi Di­ag­nos­tics. Bach comes aboard as CMO of the Bal­ti­more-based biotech, which is look­ing for a bet­ter way to screen the blood for can­cer, af­ter spend­ing the last 23 years at Memo­r­i­al Sloan Ket­ter­ing, where he’s been di­rec­tor of the Cen­ter for Health Pol­i­cy and Out­comes. In a note to our Zachary Bren­nan af­ter the an­nounce­ment, Bach joked, “In my con­tract I am al­lowed 14 tweets per week but no threads.” Celia Econo­mides → An­drew Allen’s Grit­stone bio has brought on Celia Econo­mides as CFO. A glob­al med­ical af­fairs vet­er­an at Bio­Marin, Econo­mides bids adieu to Kezar Life Sci­ences, where she was SVP, strat­e­gy and ex­ter­nal af­fairs. Else­where in her ca­reer she’s been Au­rinia’s VP, cor­po­rate and pub­lic af­fairs. In oth­er Grit­stone de­vel­op­ments, Ro­man Ye­len­sky is on his way out as chief tech­nol­o­gy of­fi­cer “to co-found and lead a new start­up in the can­cer di­ag­nos­tics space, work­ing along­side a ma­jor health­care in­vestor,” per the re­lease. Ye­len­sky had been CTO since 2015 af­ter sev­er­al years at Foun­da­tion Med­i­cine. The Emeryville, CA biotech, which re­brand­ed from Grit­stone On­col­o­gy to its new name last month, has a sec­ond-gen Covid-19 vac­cine (CORAL) in a Phase I tri­al that is sup­port­ed by the NI­AID. → In a state of fail­ure-dri­ven flux with Fa­heem Has­nain tak­ing over the helm from Sheila Gu­jrathi and Luisa Salter-Cid off to an­oth­er CSO job at Flag­ship’s Pi­o­neer­ing Med­i­cines, the CMO po­si­tion that Jakob Dupont left in May 2020 at Gos­samer Bio hadn’t been filled yet. This week, it has. Gos­samer has pro­mot­ed Richard Aran­da, who came to the San Diego biotech three years ago and has been SVP and head of clin­i­cal de­vel­op­ment since 2019. Aran­da is an­oth­er Re­cep­tos alum — par for the course at Gos­samer — and he was glob­al clin­i­cal lead for Oren­cia at Bris­tol My­ers Squibb. Dur­ing his time at No­vo Nordisk from 2011-15, Aran­da served as VP of med­ical sci­ence and in­flam­ma­tion. One last Gos­samer-re­lat­ed note: EVP of reg­u­la­to­ry af­fairs Caryn Pe­ter­son has tak­en a board seat at As­pen Neu­ro­science, where Has­nain is chair­man and Damien McDe­vitt took over as CEO in Jan­u­ary. Shuyuan Yao → Al­lo­gene Over­land, a joint ven­ture in Chi­na that was es­tab­lished by Al­lo­gene and Hill­house-backed Over­land, has in­stalled Shuyuan Yao as CEO. Ed Zhang, Over­land’s COO/CBO and Al­lo­gene Over­land’s co-founder, had been in charge of the com­pa­ny on an in­ter­im ba­sis. Yao, who got his start as a sci­en­tist at Sang­amo, was CSO and head of re­search and tech­nol­o­gy de­vel­op­ment at WuXi Ad­vanced Ther­a­pies. A sim­i­lar joint ven­ture , Over­land AD­CT Bio­phar­ma, is in place with ADC Ther­a­peu­tics; Al­lo­gene Over­land’s goal is to spur the de­vel­op­ment of CAR-T ther­a­pies for pa­tients in Chi­na and through­out Asia, and while at WuXi, Yao was the dri­ving force be­hind its cell ther­a­py R&D busi­ness unit. Ga­bor Veres → Ga­bor Veres has been pegged as CSO at oc­u­lar gene ther­a­py out­fit Vedere Bio II, the start­up that Cyrus Moza­yeni launched to the tune of a $77 mil­lion Se­ries A af­ter No­var­tis ac­quired the first Vedere Bio back in Oc­to­ber. Since 2019, Veres was head of gene ther­a­py re­search at Bio­Marin, which was dealt one of the more shock­ing CRLs last sum­mer with its he­mo­phil­ia A gene ther­a­py. Veres was VP of pre-clin­i­cal re­search at blue­bird bio from 2010-19, lead­ing projects on such drugs as Zyn­te­glo. Leone Pat­ter­son → Ad­verum’s shares tum­bled sig­nif­i­cant­ly in April when a pa­tient lost vi­sion in one eye dur­ing its gene ther­a­py tri­al for di­a­bet­ic mac­u­lar ede­ma. Pres­i­dent, CFO and one-time CEO Leone Pat­ter­son re­signed yes­ter­day for the ever-pop­u­lar pur­suit of oth­er op­por­tu­ni­ties, leav­ing Christo­pher DeRespino — who’s been the CBO at Ad­verum since Feb­ru­ary — as act­ing CFO. DeRespino was ex­ec­u­tive di­rec­tor of busi­ness de­vel­op­ment dur­ing his eight years at Am­gen. Christo­pher DeRespino Mean­while, Pe­ter Soparkar has been pro­mot­ed to the COO slot af­ter join­ing Ad­verum as chief le­gal of­fi­cer in Oc­to­ber 2019. Soparkar was VP, as­so­ciate gen­er­al coun­sel dur­ing his 10-year tenure at Jazz Phar­ma­ceu­ti­cals. → Pro­tein degra­da­tion biotech Nurix Ther­a­peu­tics, which has on­go­ing col­lab­o­ra­tions with Gilead and Sanofi, has ap­point­ed Ste­fani Wolff COO and EVP, prod­uct de­vel­op­ment. Wolff just nabbed a board seat at Rain Ther­a­peu­tics and was chief de­vel­op­ment of­fi­cer at Prin­cip­ia Bio­phar­ma be­fore land­ing these dual roles. Af­ter start­ing her ca­reer with Eli Lil­ly in sales and mar­ket­ing, Wolff would then spend 13 years in on­col­o­gy and im­munol­o­gy at Genen­tech, and she would lat­er be VP of de­vel­op­ment and glob­al project team leader for Onyx Phar­ma­ceu­ti­cals. Elaine Caugh­ey → While we’re on a roll with pro­tein degra­da­tion com­pa­nies, Nel­lo Main­olfi-led Kymera Ther­a­peu­tics out of Wa­ter­town, MA, has se­lect­ed Elaine Caugh­ey as CBO. Caugh­ey leaves Flag­ship-found­ed Cyg­nal Ther­a­peu­tics, where she was CBO for Pearl Huang and joined the team just af­ter its Oc­to­ber 2019 launch . Be­fore Cyg­nal, she was head of strat­e­gy and op­er­a­tions, glob­al mar­ket ac­cess to close out her six-plus years at Bio­gen. Kymera fol­lowed up its $102 mil­lion Se­ries C round in March 2020 with an IPO to­tal­ing near­ly $200 mil­lion. Glenn Re­icin → Glenn Re­icin has tak­en on CFO re­spon­si­bil­i­ties at food al­ler­gy play­er Al­ladapt — co-found­ed by Kari Nadeau and CEO Ash­ley Dom­bkows­ki in 2018 — in a move that comes af­ter two years as CFO at Sig­ilon Ther­a­peu­tics. Re­icin has al­so been pres­i­dent of Grey­lock Bio­med­ical Ad­vi­sors and man­ag­ing di­rec­tor at Mor­gan Stan­ley. He is the broth­er of Alise Re­icin, the for­mer Mer­ck and Cel­gene ex­ec who is cur­rent­ly pres­i­dent and CEO of Tec­ton­ic Ther­a­peu­tic. Jes­si­ca Gross­man → When IgGenix — an­oth­er Nadeau biotech — emerged from stealth with a mod­est $10 mil­lion round, Bruce Hi­ron­a­ka told our Max Gel­man that he didn’t in­tend to stay CEO for long. True to his word, Hi­ron­a­ka steps aside as Jes­si­ca Gross­man takes com­mand of the South San Fran­cis­co food al­ler­gy play­er. Gross­man has pre­vi­ous­ly been CEO at Med­i­cines360 and she’s on the board of Daré Bio­science that’s chaired by William Rastet­ter, who’s al­so chair­man of Grail, Neu­ro­crine and Fate. → With Adam Walsh step­ping in as CFO of New­port Beach, CA-base­da eye dis­ease biotech jCyte, the crew keeps grow­ing af­ter Shan­non Blalock hit the scene as CEO along with a new CCO, gen­er­al coun­sel and oth­er ex­ecs. Walsh has been CFO for the last year at Cat­alyt­ic Life Sci­ences fol­low­ing near­ly five years at Stifel as man­ag­ing di­rec­tor and se­nior an­a­lyst, biotech­nol­o­gy eq­ui­ty re­search. In Ju­ly 2020, jCyte un­veiled pos­i­tive Phase IIb da­ta for its re­tini­tis pig­men­tosa ther­a­py, called jCell. → De­vel­op­ing a gut mi­cro­bio­me ther­a­py for en­teric hy­per­ox­aluria, South San Fran­cis­co’s Novome Biotech­nolo­gies has ap­point­ed Lachy McLean CMO. Be­fore his most re­cent head of re­search post at Tra­vere ( re­brand­ed from the Mar­tin Shkre­li days of Retrophin), McLean had a 12-year tenure at Take­da, mak­ing the climb to VP and glob­al head of trans­la­tion­al clin­i­cal sci­ence im­munol­o­gy. Michael Han­na → Back in Sep­tem­ber we men­tioned that Ve­r­alox Ther­a­peu­tics had named Pal­la­dio Bio­sciences CEO Alex Mar­tin chair­man of the board, and the Fred­er­ick, MD biotech has since added Big Phar­ma vet Michael Han­na to its team as CMO. From 2004-16, Han­na was in­volved in glob­al clin­i­cal re­search at Bris­tol My­ers, pre­dom­i­nant­ly as the clin­i­cal lead for the block­buster Eliquis. Ve­r­alox’s lead drug, VLX-1005, is geared to­ward those with he­parin-in­duced throm­bo­cy­tope­nia (HIT). → We told you in De­cem­ber about John Maxwell leav­ing his CFO post at New Jer­sey-based Aque­s­tive Ther­a­peu­tics. His suc­ces­sor, Ernie Toth, has been fill­ing the job on an in­ter­im ba­sis, but as of this week he’s in­ter­im no more and has al­so been named an SVP. Toth’s CFO ex­pe­ri­ence in­cludes JHP Phar­ma­ceu­ti­cals (now Par Ster­ile Prod­ucts), Aris­Glob­al and EHE Health. → As of April 14, Alek­sey Krylov has got­ten sit­u­at­ed as CFO of NK-fo­cused Cy­toIm­mune Ther­a­peu­tics, pre­ced­ing Co­di­ak CEO Doug Williams’ ap­point­ment as chair­man. Krylov, the founder and man­ag­ing di­rec­tor at Ftera Ad­vi­sors, has been an in­ter­im or act­ing CFO on mul­ti­ple oc­ca­sions, in­clud­ing with Sel­l­as Life Sci­ences and re­Vi­sion Ther­a­peu­tics. Sta­cy Cline Amin → Adding to the num­ber of gov­ern­ment of­fi­cials who have filed in­to the firm this year, Sta­cy Cline Amin will co-lead the FDA reg­u­la­to­ry and com­pli­ance prac­tice at Mor­ri­son & Fo­er­ster as a part­ner in life sci­ences in health­care. Be­fore join­ing Mo­Fo, Amin was the FDA’s chief coun­sel in the Trump ad­min­is­tra­tion from 2018-21 and deputy chief coun­sel for the HHS. → Kevin Schutz has jumped on board at Tiziana Life Sci­ences — fo­cused on the ver­i­ta­ble grab bag of on­col­o­gy, neu­rol­o­gy, in­flam­ma­tion and in­fec­tious dis­eases— as VP of reg­u­la­to­ry af­fairs. Schutz’s in­volve­ment with­in the reg­u­la­to­ry realm ex­tends to oth­er gigs at Ipsen, Amarin, In­smed, and more re­cent­ly with Os­mot­i­ca Phar­ma­ceu­ti­cals. → Penn­syl­va­nia biotech Ocu­gen, which is work­ing on gene ther­a­pies for eye dis­eases and co-de­vel­op­ing a Covid-19 vac­cine called Co­v­ax­in, has wel­comed Ken In­chausti as head, in­vestor re­la­tions & com­mu­ni­ca­tions. From 2004-10, In­chausti held com­mu­ni­ca­tions and me­dia re­la­tions posts at Glax­o­SmithK­line, and he then rose to se­nior di­rec­tor, cor­po­rate com­mu­ni­ca­tions dur­ing his sub­se­quent 10+ years at No­vo Nordisk. Greg Sukay → With its top­i­cal rof­lu­mi­last cream for­mu­la­tion far­ing well in Phase III tri­als for plaque pso­ri­a­sis, Ar­cutis has ush­ered in Greg Sukay as VP of man­u­fac­tur­ing and process tech­nolo­gies. This new door opens for Sukay af­ter a 22-year run with Am­gen that took him to Asia as plant man­ag­er and ex­ec­u­tive di­rec­tor of Am­gen Sin­ga­pore and that end­ed as ex­ec­u­tive di­rec­tor of Am­gen Con­tract Man­u­fac­tur­ing. → That’s not the on­ly Ar­cutis-re­lat­ed news. The com­pa­ny’s CEO, Frank Watan­abe, has been elect­ed to the board of di­rec­tors at Ang­ie You’s Amu­nix. Watan­abe be­came the chief ex­ec­u­tive at Ar­cutis in 2017 af­ter be­ing named pres­i­dent a year ear­li­er. Scott Braun­stein → Mar­i­nus Phar­ma­ceu­ti­cals CEO Scott Braun­stein is grab­bing a seat on CRISPR genome-edit­ing Cari­bou Bio­sciences‘ board of di­rec­tors. Pri­or to his cur­rent role at Mar­i­nus, Braun­stein was with Ais­ling Cap­i­tal and Paci­ra Phar­ma­ceu­ti­cals. Braun­stein al­so sits on the boards of Treve­na and Con­stel­la­tion Phar­ma­ceu­ti­cals. → Flag­ship epi­ge­net­ic pro­gram­ming start­up Omega Ther­a­peu­tics has a seat ready for Luke Be­shar on the board of di­rec­tors. The ex-CFO of NPS Phar­ma­ceu­ti­cals, Be­shar is al­so the chair­man of Pro­tara and is on the boards of Re­genxbio and Tril­li­um. → Mar­cio Souza has joined the board of di­rec­tors at Austin, TX-based Ae­glea Bio­Ther­a­peu­tics, which is in Phase III with its lead drug for arginase-1 de­fi­cien­cy. Souza, the pres­i­dent and CEO of Prax­is Pre­ci­sion Med­i­cines, is for­mer­ly the COO of PTC Ther­a­peu­tics. Nis­han de Sil­va → Langer-backed Se­lec­ta Bio­sciences has opened a spot for Nis­han de Sil­va on its board of di­rec­tors. Cur­rent­ly, de Sil­va is the CEO and di­rec­tor of AFYX Ther­a­peu­tics. Pri­or to that, de Sil­va served as COO and di­rec­tor of Po­sei­da Ther­a­peu­tics and CFO and VP of fi­nance and strat­e­gy at Lig­and Phar­ma­ceu­ti­cals. → San Fran­cis­co-based Spruce Bio­sciences has reeled in Kirk Ways to its board of di­rec­tors. Ways re­cent­ly served as CMO of Nu­ve­lu­tion Phar­ma and pri­or to that role was head­ing drug de­vel­op­ment units at John­son & John­son’s phar­ma­ceu­ti­cal re­search and de­vel­op­ment group. In ad­di­tion, Ways has had stints at Bio­S­tra­tum, Aven­tis and Lil­ly Re­search Lab­o­ra­to­ries. Son­ja Nel­son → Fort Laud­erdale-based medtech Mo­tus GI has brought on Son­ja Nel­son to its board of di­rec­tors and as chair of the au­dit com­mit­tee. Cur­rent­ly, Nel­son is the SVP, fi­nance at Im­mu­ni­ty­Bio, fol­low­ing the merg­er of the com­pa­ny with Nan­tK­west — where she served as CFO for sev­er­al years. Pri­or to Nan­tk­west, Nel­son was with Alt­heaDx and Ca­dence Phar­ma­ceu­ti­cals. → Ve­rastem On­col­o­gy, which in May won a break­through nod for its com­bo ther­a­py in ovar­i­an can­cer, has made the ad­di­tions of Paul Bunn and Les­ley Solomon to its board of di­rec­tors. Bunn is a pro­fes­sor of med­i­cine and James Dud­ley chair in can­cer re­search, di­vi­sion of med­ical on­col­o­gy at the Uni­ver­si­ty of Col­orado School of Med­i­cine. Pre­vi­ous­ly, Bunn served in roles at the US Na­tion­al Can­cer In­sti­tute-Navy Med­ical On­col­o­gy branch, Uni­ver­si­ty of Col­orado Can­cer Cen­ter and In­ter­na­tion­al As­so­ci­a­tion for the Study of Lung Can­cer (IASLC) among oth­ers. Mean­while, Solomon is a ven­ture chair at Re­design Health. Pri­or to her role at Re­design, Solomon was the chief in­no­va­tion of­fi­cer at Dana-Far­ber Can­cer In­sti­tute. → Ab­b­Vie’s CD47 part­ner I-Mab has re­cruit­ed An­drew Zhu to its sci­en­tif­ic ad­vi­so­ry board. Zhu hops aboard the Chi­nese biotech as a pro­fes­sor of med­i­cine at Har­vard Med­ical School, di­rec­tor emer­i­tus of liv­er can­cer re­search at Mass­a­chu­setts Gen­er­al Hos­pi­tal, CSO of Ji­ahui Health and di­rec­tor of Ji­ahui In­ter­na­tion­al Can­cer Cen­ter (JICC) in Shang­hai. AUTHORS Nicole DeFeudis Editor At its June meeting, the European Medicine Agency’s Committee for Medicinal Products for Human Use recommended eight new drugs for approval, bringing this year’s count to 50 positive opinions. While the European Commission doesn’t need to follow the CHMP’s recommendations, it typically does. Here are the drugs that got the committee’s green light this month: Abecma  A few months after becoming the first marketed BCMA CAR-T therapy, bluebird and Bristol Myers Squibb’s Abecma (also known as ide-cel) has snagged a CHMP recommendation for conditional marketing approval in relapsed or refractory multiple myeloma. The committee recommends the drug as a fourth-line therapy, after patients have tried an immunomodulatory agent, a proteasome inhibitor and an anti-CD38 antibody. Read More Zachary Brennan Senior Editor Safety questions related to the lucrative class of medicines known as JAK inhibitors are continuing to slow the push to expand their labels. AbbVie on Friday announced that the FDA said it will not meet its action dates for the sNDAs for its JAK inhibitor Rinvoq. The company is seeking to use the drug as a treatment of adults with active psoriatic arthritis and adults with active ankylosing spondylitis and did not say how long the delay will be. Keep reading Endpoints with a free subscription Unlock this story instantly and join 110,200+ biopharma pros reading Endpoints daily — and it's free. SIGN UP Max Gelman Editor Editor’s note: Interested in following biopharma’s fast-paced IPO market? You can bookmark our IPO Tracker here . Biotech’s IPO march continued earlier this week with Monte Rosa pricing on Thursday, and now Friday’s bunch heads to Nasdaq led by gene editing player Graphite Bio. Located in South San Francisco, Graphite is going public Friday on the heels of a $238 million raise less than 10 months after getting started with a Series A. It’s been a rapid ascent, CEO Josh Lehrer told Endpoints News, but he feels the company is now at the point where it can focus both on drug development and further building out its platform. Keep reading Endpoints with a free subscription Unlock this story instantly and join 110,200+ biopharma pros reading Endpoints daily — and it's free. SIGN UP

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