News & Analysis

Curated news and analysis on clinical trials, drug approvals, and medical research.

Federal Funding Restored for Gateway and Second Avenue Subway Projects

The Trump administration has agreed to release federal funding for the $16 billion Gateway rail tunnel and Second Avenue Subway Phase 2, ending months-long suspensions that halted work and caused layoffs. Gateway funding had been suspended for over four months, leaving $205 million owed and forcing 1,000 layoffs, while Second Avenue Subway funds were withheld for seven months pending compliance reviews.

Psyence BioMed Completes $5M Equity Investment in PsyLabs via Put Option Exercise

Psyence Biomedical Ltd. completes a $5 million share-for-share equity investment in PsyLabs through put option exercise, strengthening their strategic supply relationship. The transaction involves no cash exchange but gives PsyLabs approximately 50% ownership of PBM. The deal aims to secure pharmaceutical-grade psychedelic compound supply for clinical programs.

Oncotelic Highlights OT-101 IP Expansion and Fair-Value Focus

Oncotelic Therapeutics announced expanded international intellectual property coverage for OT-101 across neurology, oncology and CNS drug-delivery technologies. The company also highlighted biotech valuation trends tied to clinical progress and its 45% stake in GMP Bio.

Kansas City bans synthetic 7-OH and restricts kratom sales

Kansas City, Missouri, approved a 13-0 ordinance banning synthetic 7-OH and limiting natural kratom sales to adults 21 and older. The law adds sales restrictions, licensing requirements and fines as scrutiny of 7-OH products increases.

Kyverna Therapeutics Reports Positive Phase 2 Data for Autoimmune CAR-T Therapy

Kyverna Therapeutics reports positive long-term follow-up results for its CAR-T therapy miv-cel in generalized myasthenia gravis, with plans to submit a biologics license application in the first half of 2026. The company has $279.3 million in cash providing runway into 2028 to fund launch and Phase 3 trials.

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