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- 2nd Alzheimer’s drug approved by FDA: donanemab (Kisunla) by Eli Lilly
2nd Alzheimer’s drug approved by FDA: donanemab (Kisunla) by Eli Lilly
Bay Area Times
July 03, 2024
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Top stories today:
- 2nd Alzheimer’s drug approved by FDA: donanemab (Kisunla) by Lilly
- Figma disables Make Design feature after it was found copying Apple
- Runway AI in talks to raise $450M at $4B valuation
- Tesla stock +10% after deliveries fall less than expected
- Exits for Europe’s VC-backed fintechs continue to decelerate
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. 2nd Alzheimer’s drug approved by FDA: donanemab (Kisunla) by Eli Lilly
22%-36% slowdown of clinical decline was observed in donanemab’s Phase 3 clinical trial:
$13K for a 6-month course, $32K for 12 months, and $49K for 18 months.
Similar efficacy and pricing vs. lecanemab, the 1st approved Alzheimer’s drug from Eisai.
Donanemab requires shots every month, rather than every 2 weeks.
Lilly stock -1%.
Alzheimer’s drug market expected at $13B/year by 2030, from $0.25B in 2024.
2. Figma disables Make Design feature after it was found copying Apple’s designs
Figma says that they did not train their own models.
OpenAI’s GPT-4o and Amazon’s Titan Image Generator G1 are used instead.
“Soon”: when Make Designs will be re-enabled.
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4. Runway AI in talks to raise $450M at $4B valuation
It would make the text-to-video AI firm the #10 most valuable generative AI startup:
