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Weekly Update

January 29th, 2025

News Updates

Federal judge temporarily blocks Trump administration freeze on federal grants and loans

A federal judge on Tuesday temporarily blocked a push from President Donald Trump to pause federal funding while his administration conducts an across-the-board ideological review to uproot progressive initiatives.


'No new studies are being launched': NIH explains the impact of Trump administration’s freeze | Fierce Biotech

Just days after President Trump imposed broad restrictions on communications, meetings, travel and public appearances at the Department of Health and Human Services (HHS), the National Institutes of Health (NIH) is clarifying the extent of the freeze’s effect.


Philips to sell emergency care business | MedTechDive

Investment firm Bridgefield Capital will buy the segment, which includes cardiac resuscitation and emergency care devices, for an undisclosed amount.


Researchers reel as Trump administration moves quickly to cut funding and end DEI health programs | STAT

‘The work is hard enough to do as it is,’ said one advocate who urged scientists to push back


How Might the FDA Evolve Under RFK Jr. and Makary? | BioSpace

Ahead of Robert F. Kennedy Jr.’s confirmation hearings, experts—and RFK’s own family—expressed concerns about his vaccine-related views, though the same experts are largely unfazed by the level of power he and Marty Makary could ultimately wield over the FDA.


Stryker will sell spine implant business; CFO set to retire | MassDevice

Stryker today announced a deal to sell its U.S. spine implants business to investment firm Viscogliosi Brothers, which will call the new company VB Spine.


Trump freezes federal grants, with potentially large impact on providers, Medicaid

| BioPharmaDive

Trump’s budget office ordered all federal agencies to pause financial assistance, including grants, pending a review of their programs.


FDA approves Novo Nordisk’s Ozempic to treat chronic kidney disease in those with diabetes, expanding its use | CNBC

The Food and Drug Administration approved Novo Nordisk’s Ozempic for patients with both chronic kidney disease and diabetes, expanding the use of the wildly popular injection in the U.S. 


Why are there only 20 cell and gene therapies in Europe? | Labiotech

In 2020, we wrote about why there were only 11 cell and gene therapies in Europe. A bit over four years later, there are 20 – almost twice as many. But is it such a big improvement? Take a look overseas, the U.S. market currently counts 43. 


Zimmer Biomet to buy Paragon 28 for $1.1 billion | Reuters

Zimmer Biomet said on Tuesday it would acquire medical device company Paragon 28 for about $1.1 billion to expand its portfolio of orthopedic surgical devices.

Upcoming SoCalBio Events

Best Practices for Managing Critical Property Exposures

Tuesday, February 4 · 10 - 11 am PST

Virtual


Join SoCalBio, Chubb Insurance, and IMA Financial Group for a webinar to discuss the state of the property market in California and best practices for managing critical property exposures. Registration for this event is free for SoCalBio members!


Register now!
Register now!

SOCALBIO Networking Mixer in Valencia

Thursday, February 27 · 4 - 7pm PST

@ Humannity Medtech


Join us for an exciting evening of networking in Santa Clarita's vibrant life science scene. Mingle with fellow professionals from biotech, medical device, diagnostics, and digital health companies in the region. Let us know how SoCalBio can better serve your company. Registration for this event is free for SoCalBio members!


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!

SoCalBio's Partner Events

11th Annual

American Biomanufacturing Summit

April 15-16, 2025 - San Francisco, CA


The American Biomanufacturing Summit is taking place April 15-16, 2025, in San Francisco, CA. The summit brings together over 200 biopharma and biotech executive leaders for 2 days of sessions, workshops, and networking. 

With sessions led by top biotech executives, the agenda is designed to discuss current trends, strategic insights, and best practices in key topics like manufacturing, cell and gene therapy, capacity management, quality assurance, quality control, regulatory compliance, operational excellence, supply chain and logistics. Network with your fellow biopharma leaders as we explore strategies to maximize efficiency while remaining compliant within the biomanufacturing space.


Learn more
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.

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

Aethlon Medical Treats First Patient in Australian Hemopurifier® Cancer Trial


Zentalis Pharmaceuticals Shares Updated Clinical Data Demonstrating Meaningful Azenosertib Activity in Cyclin E1+, Platinum-Resistant Ovarian Cancer


Beckman Coulter Receives FDA Breakthrough Device Designation for Alzheimer’s Disease Blood Test


Children’s Hospital Los Angeles Has Best Pediatric Liver Transplant Survival Rates in the Country


Neurocrine Biosciences Announces Initiation of Phase 3 Registrational Program for Osavampator as an Adjunctive Therapy for the Treatment of Major Depressive Disorder in Adults


Zentalis Pharmaceuticals Announces Strategic Restructuring to Support Late-Stage Azenosertib Development


Dermata Expands Patent Portfolio with Issuance of New U.S. Patent for Next-Generation Acne Treatment


Maravai LifeSciences Acquires Assets and Intellectual Property from Molecular Assemblies


Persephone Biosciences Announces Full Enrollment in AMBROSIA Food as Medicine Study


Kairos Pharma to Present Short Talk on Its Investigational Compound KROS 101 at the 13th AACR-JCA Joint Conference February 5, 2024


Ainos Achieves Major Breakthrough: Japan Patent Approval for VELDONA Redefines Antiviral Innovation


Neurocrine Biosciences Announces Amendment to Strategic Collaboration with Takeda to Develop and Commercialize Osavampator (formerly NBI-1065845/TAK-653)


ClearPoint Neuro Announces FDA Clearance for ClearPoint Navigation Software Version 3.0


Children’s Hospital Los Angeles Adds Transformative Gene Therapy and Expands to 10 Treatments, Becoming the Largest Provider of Pediatric Cell and Gene Therapies on the West Coast


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