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18 December, 2025
PharmaLogic
Scaling for a New Era: The Rise of Radiopharma
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ROIS Re­flects on 2025 In­no­va­tion & In­vest­ment
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1. FDA puts partial hold on Daiichi and Merck's I-Dxd lung cancer study after deaths
2. FutureHouse spinoff Edison raises $70M seed for its AI-doing-science platform
3. Moderna lands CEPI as new backer for its pandemic flu program
4. Lilly’s obesity pill is the first oral GLP-1 to show its worth in the maintenance setting
5. GSK turns to Camp4 for neuro and kidney medicines
6. Insilico advances Hong Kong IPO, eyes $260M raise with Lilly's support
7. After year of triumph, Insmed stumbles with chronic rhinosinusitis fail, brings in new asset
8. Takeda's $4B immunology drug achieves first Phase 3 successes
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Alexis Kramer
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ICYMI, be sure to check out our special edition of Post-Hoc Live! Earlier today, we discussed our 2025 winners and losers list, including why we picked Marty Makary and Vinay Prasad as victors (or at least survivors). Enjoy the holiday props!

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Alexis Kramer
Editor, Endpoints News
1
by Lei Lei Wu

The FDA placed a par­tial hold on Dai­ichi Sankyo and Mer­ck’s Phase 3 study of a lung can­cer drug af­ter the com­pa­nies paused en­roll­ment for what they called a "high­er than an­tic­i­pat­ed in­ci­dence" of deaths from in­ter­sti­tial lung dis­ease.

The study in ques­tion, IDeate-Lung02, is ex­am­in­ing the an­ti­body drug con­ju­gate known as ifi­natam­ab derux­te­can, or I-Dxd, in re­lapsed small cell lung can­cer, pit­ted against cur­rent­ly avail­able treat­ments. Dai­ichi had stopped re­cruit­ment and en­roll­ment fol­low­ing the re­port­ed deaths.

The pause "does not im­pact oth­er stud­ies in the I-DXd clin­i­cal de­vel­op­ment pro­gram," the com­pa­nies said in a joint state­ment. "We are eval­u­at­ing the po­ten­tial im­pact of the par­tial clin­i­cal hold on study da­ta read­out tim­ing, cur­rent­ly pro­ject­ed for fis­cal year 2027."

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Sam Rodriques, FutureHouse and Edison Scientific CEO
2
by Andrew Dunn

The new for-prof­it spin­off from the AI re­search group Fu­ture­House has raised a $70 mil­lion seed round, the lat­est fund­ing be­hind the nascent idea of au­tonomous sci­ence.

San Fran­cis­co-based Edi­son Sci­en­tif­ic said Thurs­day it plans to use the raise, which val­ues the start­up at $250 mil­lion, to scale up and sell its AI soft­ware de­signed to help sci­en­tists with a range of re­search tasks. The seed round was led by Tri­atom­ic Cap­i­tal and Spark Cap­i­tal. Bloomberg first re­port­ed the raise and val­u­a­tion.

The au­tonomous sci­ence space broad­ly aims to make AI mod­els that can do sci­ence on their own. Fu­ture­House has fo­cused main­ly on fine-tun­ing and ap­ply­ing the large lan­guage mod­els from AI com­pa­nies such as Ope­nAI and An­throp­ic on­to sci­en­tif­ic tasks.

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3
by Max Bayer

Mod­er­na has snagged a new part­ner to help pay for a Phase 3 study of its H5 pan­dem­ic in­fluen­za vac­cine, more than six months af­ter the US axed fund­ing for the project.

The Coali­tion for Epi­dem­ic Pre­pared­ness In­no­va­tions will in­vest up to $54.3 mil­lion to fi­nance the study, slat­ed to be­gin in ear­ly 2026, Mod­er­na said Thurs­day. The piv­otal tri­al will test the safe­ty and im­muno­genic­i­ty of mR­NA-1018 and will be run in the UK and US.

CEPI is fill­ing a fi­nan­cial void left by the US gov­ern­ment, which ter­mi­nat­ed a con­tract with Mod­er­na ear­li­er this year to help fund the tri­al; the axed deal gave the US rights to pur­chase sup­ply of the shot.

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4
by Elizabeth Cairns

Eli Lil­ly’s ex­per­i­men­tal obe­si­ty pill al­lowed pa­tients who had lost weight on in­ject­ed GLP-1-based drugs to keep most of the weight off for an­oth­er year, ac­cord­ing to da­ta from a Phase 3 tri­al re­leased Thurs­day.

This main­te­nance set­ting is a new fron­tier for weight loss meds, and could be an im­por­tant one for oral ther­a­pies. US ap­provals of Lil­ly's oral can­di­date, called or­for­glipron, and No­vo Nordisk’s ri­val obe­si­ty pill are ex­pect­ed soon.

Lil­ly's study, called AT­TAIN-MAIN­TAIN, was a con­tin­u­a­tion of an ear­li­er tri­al called SUR­MOUNT-5. That test­ed the com­pa­ny’s in­ject­ed GLP-1/GIP ag­o­nist Zep­bound head-to-head with No­vo Nordisk’s GLP-1 shot We­govy, giv­en for near­ly a year and a half in 751 pa­tients with obe­si­ty. Zep­bound won.

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