Pharma: Page 24
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Lilly alone in bidding for Morphic; Novartis won’t yet file MorphoSys drug
Federal filings showed no companies other than Lilly made an offer to buy Morphic, while Novartis executives said they’re still waiting for more data on pelabresib.
By BioPharma Dive staff • July 19, 2024 -
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Brain drug revivalIn strengthening Spravato sales, a positive sign for psychedelic drugs
Jefferies analyst Andrew Tsai views growing sales for J&J’s depression treatment as evidence that psychedelics like it can be commercially viable.
By Ned Pagliarulo • Updated July 23, 2024 -
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TrendlineTop 5 stories from BioPharma Dive
Looming patent expiries this decade and intensifying competition from China are forcing drugmakers to adapt, while new opportunities open up in oncology and in neuroscience.
By BioPharma Dive staff -
Courtesy of Roche
Obesity pill from Roche shows promising weight loss in small study
Treatment led to "clinically meaningful" weight loss over four weeks, but longer studies will be needed to compare it to Wegovy and Zepbound.
By Jonathan Gardner • July 17, 2024 -
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Caribou lays off staff; Roche walks away from Relay
Caribou is slashing its workforce by 12%. Elsewhere, a CDMO is investing in GLP-1 drug demand and Beam’s CFO is returning to J.P. Morgan.
By BioPharma Dive staff • July 17, 2024 -
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Gilead’s CMO to depart next year
Merdad Parsey joined Gilead as its chief medical officer in 2019 and has helped lead the company’s expansion into oncology, with mixed success.
By Ned Pagliarulo • July 17, 2024 -
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Leqembi sales inch higher; Spark’s pivot leads to layoffs
Sales data suggest forecasts for the Alzheimer’s drug may be in reach. Elsewhere, a well-funded DNA sequencing startup landed one of the year’s larger private funding rounds.
By BioPharma Dive staff • July 12, 2024 -
Courtesy of BMS
Bristol Myers’ leukemia blockbuster set to face generic rivals
Patent litigation has opened the door to generic copies of Bristol Myers’ Sprycel arriving in the U.S. as soon as September.
By Amy Baxter • July 12, 2024 -
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Pfizer thinks it found its obesity pill
Far behind companies like Novo and Eli Lilly, Pfizer hopes the version of the drug, danuglipron, that it’s chosen to advance can break into the ultra-lucrative market for weight-loss medicines.
By Jacob Bell • July 11, 2024 -
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Novo’s once-weekly insulin rejected by FDA
The FDA’s decision to turn back the drugmaker’s new insulin product narrows Novo’s lead in the U.S. over Eli Lilly, which has a similar diabetes treatment in late-stage testing.
By Kristin Jensen • July 11, 2024 -
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AbbVie names new R&D head; Arcutis eczema cream approved
Roopal Thakkar will succeed Tom Hudson as AbbVie’s top scientist. Elsewhere, Skyhawk is advancing its Huntington’s drug and Zevra is preparing for an FDA advisory committee meeting.
By BioPharma Dive staff • July 10, 2024 -
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Pfizer research chief Dolsten to step down, with company at a crossroads
The company has begun searching for a successor to Dolsten, who oversaw more than 35 drug and vaccine approvals but also some notable setbacks during his time as Pfizer’s top scientist.
By Ben Fidler • July 9, 2024 -
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Lilly to buy Morphic in $3B bet on inflammation drug
The deal would hand Lilly an experimental pill that could one day rival Takeda's blockbuster medicine Entyvio as a treatment for inflammatory bowel disease.
By Jacob Bell • July 8, 2024 -
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Ligand to buy Apeiron; Roche reports another TIGIT setback
Acquiring Apeiron will hand Ligand royalty rights on the neuroblastoma drug Qarziba. Elsewhere, CSL reported the first commercial treatment of patients in Europe with its gene therapy Hemgenix.
By BioPharma Dive staff • July 8, 2024 -
Courtesy of CureVac
CureVac cuts jobs, licenses out vaccines to GSK
The mRNA specialist plans to eliminate 30% of its workforce as part of a restructuring that will prioritize “high-value” projects like its cancer vaccines.
By Jacob Bell • July 3, 2024 -
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Beacon raises $170M for eye gene therapy; J&J confirms Carvykti survival benefit
Forbion led the startup’s Series B round. Elsewhere, Vertex got an FDA decision date for its “vanza triple” and Dupixent won a marketing green light in Europe for COPD.
By BioPharma Dive staff • July 3, 2024 -
Courtesy of Eisai
Eisai and Bristol Myers cancel cancer ADC deal
The Japan-based drugmaker said its U.S. partner’s “portfolio prioritization efforts” led to the termination. It will refund part of an upfront payment.
By Jonathan Gardner • July 1, 2024 -
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Sponsored by Nelson LabsThe right viral safety program can guard against costly bioburden incidents in biopharma development
Viral contamination threatens biopharmaceutical development, making viral clearance and safety essential for risk mitigation.
July 1, 2024 -
Courtesy of Merck & Co.
Merck’s pneumococcal vaccine gets CDC panel backing
Advisers to the agency unanimously recommended use of Capvaxive in older adults and in certain younger ones, putting it in the same tier as Pfizer's competing Prevnar shot.
By Delilah Alvarado • June 28, 2024 -
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PTC faces another Duchenne drug rejection; Coherus sells Humira biosimilar
European drug regulators voted for a third time not to renew the approval of Translarna. Elsewhere, Sanofi invested in a brain disease biotech and Esperion sold royalties to help pay off a loan.
By BioPharma Dive staff • June 28, 2024 -
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RSV vaccine makers’ shares fall as CDC adjusts shot guidance
The new guidance more strongly urges vaccination in adults who are older or at higher risk, but removes a prior recommendation for adults aged 60 to 74 years without certain risk factors.
By Delilah Alvarado • June 27, 2024 -
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Novo nixes trial of blood pressure drug it bought in $1.3B deal
The failure of a Phase 3 study led the Wegovy maker to take an accounting charge that will hit its operating profit growth this year.
By Jonathan Gardner • June 26, 2024 -
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Zealand hauls in $1B off obesity drug data; Curie.bio zeroes in on Series A’s
Zealand capitalized on a stock surge following the release of early study results. Elsewhere, U.S. regulators rejected an AbbVie medicine and another well-funded AI drug discovery startup emerged.
By BioPharma Dive staff • June 26, 2024 -
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Novo to spend $4B on US plant, adding to obesity drug production push
The planned facility in North Carolina is Novo’s latest multibillion-dollar investment in the manufacturing of weight loss drugs, demand for which continues to outstrip supply.
By Jonathan Gardner • June 25, 2024 -
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Obesity drugs from Altimmune, Hengrui show potential; Lilly details Zepbound sleep apnea data
The American Diabetes Association’s annual meeting provided a forum for early trial results on several would-be weight loss drug competitors.
By BioPharma Dive staff • June 24, 2024 -
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Jazz drug for tremor fails study; Radiopharma drug developer ITM swaps CEOs
A medicine Jazz acquired in 2019 missed the goal of a Phase 2 study. Elsewhere, Vanda rejected two takeover bids and Ashibio emerged from stealth with an antibody licensed from Gilead.
By BioPharma Dive staff • June 21, 2024
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