Non-Opioid Pain Drug Company Latigo Biotherapeutics Secures $150 Million in Funding
Latigo Biotherapeutics has landed $150 million in Series B financing and received a Fast Track designation from the FDA for its lead candidate, an investigational oral therapy for acute pain that aims to sidestep the risks of opioids.
The company’s treatment targets a sodium channel that is a key driver of pain signal transmission in peripheral sensory neurons. By blocking this channel, Latigo’s drug may prevent pain signals from reaching the central nervous system without affecting motor function or triggering addiction. Early-stage results suggest the compound is well tolerated, with rapid absorption and predictable pharmacokinetics.
The FDA’s Fast Track status, announced March 3, enables Latigo to work closely with regulators, potentially speeding development and review timelines. The designation follows a first-in-human study in 72 healthy participants showing the drug was safe and had a time to peak concentration of about 1.5 hours, critical for delivering quick relief in acute settings.
The March 17 financing round was led by Blue Owl Capital, with participation from Deep Track Capital, Access Biotechnology, Qatar Investment Authority and others.
Interest in non-opioid pain alternatives has surged since the FDA’s January approval of Vertex’s Journavx, a drug that also targets the Nav1.8 channel. That regulatory win has reinvigorated investor confidence in the long-stalled field of pain therapeutics.
Healthcare Systems Hit by AI Exploits Linked to ChatGPT Flaw
A year-old vulnerability in ChatGPT has become a backdoor for cyberattacks targeting hospitals and healthcare systems, with thousands of exploitation attempts reported in a single week, according to cybersecurity firm Veriti.
The flaw is used to exploit gaps in artificial intelligence security infrastructure, including misconfigured firewalls and intrusion prevention systems. While rated as medium severity, the issue has already been weaponized in real-world attacks, the firm said.
The American Hospital Association (AHA) issued a warning that healthcare institutions could face data breaches, regulatory fines and reputational harm if AI-related vulnerabilities go unpatched.
“This could allow an attacker to steal sensitive data or impact the availability of the AI tool,” said Scott Gee, AHA deputy national advisor for cybersecurity and risk, in a statement. “This highlights the importance of integrating patch management into a comprehensive governance plan for AI when it is implemented in a hospital environment. The fact that the vulnerability is a year old and a proof of concept for exploitation has been published for some time is also a good reminder of the importance of timely patching of software.”
Healthcare remained the most expensive sector for data breaches in 2024, with an average cost of $9.77 million—roughly double the global average of $4.88 million, according to a report by IBM. Cyberattacks, particularly ransomware, have surged across the industry, with more than 1,600 attacks per week globally, according to a KnowBe4 report.
Skipping Prostate Cancer Screenings Tied to 45 Percent Higher Death Risk
Men who consistently skip prostate cancer screenings are significantly more likely to die from the disease, according to new findings presented at the European Association of Urology Congress in Madrid.
The analysis found that men who ignored every screening invitation had a 45 percent higher risk of dying from prostate cancer compared to those who participated. Even compared to men who were never offered screening, non-attenders faced a 39 percent higher mortality risk.
The study evaluated 20-year follow-up data from over 161,000 men across seven countries, making it the most extensive analysis to date on screening participation and prostate cancer outcomes. Previous studies from this group showed that PSA-based screening could cut prostate cancer mortality by about 20 percent. This sub-analysis, however, suggests the benefit may be even greater—if more men participate.
Researchers noted that about one in six of the 72,460 men invited to screening never attended a single appointment. These men are now identified as a newly recognized high-risk group.