Astellas cuts a bispecific in cancer and a mitochondria-focused asset from...
Astellas said it has removed a Phase 1 cancer asset as well as a small molecule that came from its Mitobridge acquisition. The Japanese pharma will no longer test the TSPAN8 and CD3 bispecific known as...
View ArticleCerevance's $47M raise; Parexel's AI pact
Plus, news about Intra-Cellular: Cerevance adds $47 million to Series B: The neurological disease biotech’s series B-1 raise now sits at $98 million, with investments from Agent Capital,...
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Bristol Myers outlines ‘about 12’ pipeline cuts as it executes major cutbacks
As part of its sweeping $1.5 billion cost-cutting measure, Bristol Myers Squibb is culling “about 12” programs from its pipeline, CMO Samit Hirawat said Thursday morning. The programs will either be...
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Merck records yet another strong quarter for Keytruda
Merck posted yet another strong quarter on the back of its cancer therapy Keytruda, in what’s becoming almost a routine event for the New Jersey drugmaker. “New quarter, same Merck outperformance,” BMO...
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Sage focuses on successful launch of postpartum depression drug
Sage Therapeutics is doubling down on the “blockbuster potential” of its postpartum depression drug Zurzuvae, expanding professional promotions and taking steps toward a direct-to-consumer launch after...
View ArticleAstraZeneca on emerging markets, GLP-1 plans and why it’s selective about...
AstraZeneca put the spotlight on its near-20% revenue growth during first-quarter earnings, driven in part by its success in emerging markets. Executives on the company’s analyst call discussed...
View ArticleGSK accuses Pfizer and BioNTech of mRNA patent infringement
GSK says it is owed a portion of Pfizer and BioNTech’s Covid-19 vaccine sales in the latest patent suit filed against the Comirnaty partners. In a lawsuit filed in federal court in Delaware Thursday,...
View ArticleFDA revises guidance on biosimilar promotional labels and advertising
Following a recent move to ask Congress to eliminate the interchangeability designation for biosimilars, the FDA on Wednesday proposed updated guidance on the labeling and advertising of biologics and...
View ArticleEsteve to acquire Perrigo's rare disease pharma business for up to $295M
Perrigo announced Thursday that Barcelona-based pharma company Esteve Healthcare has agreed to purchase its three rare disease drug assets for as much as €275 million ($295 million). The marketed...
View ArticleIn rare move, Colombia issues compulsory license for HIV medicine in effort...
The Colombian government on Wednesday issued a compulsory license for a commonly used drug to treat HIV, the first time the government there has stepped in to manufacture a drug without the drugmaker’s...
View ArticleGilead leans on CymaBay liver drug, Trodelvy readouts and long-active PrEP...
Gilead Sciences notched “fine” sales for the first quarter but the biopharma promised more to come. Gilead reported sales of $6.6 billion, a 5% increase year-over-year, prompting Mizhuo analysts to...
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UCB makes major management changes; Bristol Myers’ ADC partner tops list of...
Iris Loew-Friedrich → UCB is shaking up its leadership team “to better align with its commitment to growth and innovation, and to better address the dynamic external landscape of the healthcare...
View ArticleFDA approves Pfizer’s hemophilia B gene therapy
Pfizer announced Friday morning that the FDA approved its gene therapy for the rare genetic bleeding disorder hemophilia B. The one-time treatment, known generically as fidanacogene elaparvovec, is...
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Cigna’s Evernorth just made a move to boost Humira biosimilar use
(This story is from our new Health Tech newsletter. If you’d like to sign up, just click here.) Cigna’s health services arm Evernorth said on Thursday that it plans to offer a cheaper copycat of...
View ArticleOphthalmic biotech raises $16.5M; Pfizer’s AI collaboration bears fruit
Plus, news about Biodexa Pharmaceuticals: RevOpsis Therapeutics secures $16.5M seed round: The San Carlos, CA-based biotech will use the funds to complete IND-enabling studies for its lead candidate,...
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The next generation of AI biotechs is here. Can they deliver on the hype?
“We’re in a frothy time,” acknowledges Alexandra Snyder, the head of R&D at Generate:Biomedicines. Generate is one of the AI-driven biotechs that make up a new generation of companies with huge...
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AbbVie beats first-quarter expectations, but Humira guidance leaves analysts...
AbbVie’s effort to protect Humira’s market share is getting expensive. On Friday, the company announced a 40% decline in the megablockbuster drug’s US sales for the first quarter. While it managed to...
View ArticleBristol Myers to shutter Bay Area cell therapy R&D facility as it eliminates...
Bristol Myers Squibb is closing a cell therapy R&D site in California as the company implements a $1.5 billion cost-cutting program that was announced this week, according to a company...
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Ipsen matches rare disease and TikTok influencers to create connections
Ipsen’s new sponsored TikTok features the popular “Of course” trend and two social influencers, but with a rare disease twist. The short video shows two young women, Carli and Erin, using the familiar...
View ArticleSanders presses pharma leaders to change stance on Pandemic Accord proposals
Sen. Bernie Sanders (I-VT) is calling on global pharmaceutical leaders to get behind proposals laid out in a World Health Organization-led global pandemic preparedness agreement that’s nearing...
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