Roche claims POC tests from LumiraDx

Today’s Big News

Jan 2, 2024

2023 drug approvals: After a down year, FDA signs off on a bounty of new meds, including 7 from Pfizer 


Layoffs rise 57% YOY in a good, bad and ugly 2023 for biotech


Amid Biden admin's drug-pricing push, Big Pharma kicks off 2024 with hundreds of price hikes: report


Roche to pick up LumiraDx’s point-of-care tests through $350M deal


Longboard’s shares triple as epilepsy med halves seizure rates in early-stage trial


Millions of doses of Pfizer’s Paxlovid will go to waste in UK, EU as COVID demand plummets

 

Featured

2023 drug approvals: After a down year, FDA signs off on a bounty of new meds, including 7 from Pfizer

Each year, many scientists and other experts working in the biopharma industry see years of their work culminate in FDA approvals. In 2023, the FDA gave a thumbs up to more than 60 new treatments, a significant increase from 2022, when only 37 drugs passed muster.
 

Top Stories

Layoffs rise 57% YOY in a good, bad and ugly 2023 for biotech

Biopharma layoffs rose 57% last year compared to 2022, with 187 industry workforce reductions in 2023 compared to 119, according to an analysis of Fierce Biotech data.

Amid Biden admin's drug-pricing push, Big Pharma kicks off 2024 with hundreds of price hikes: report

While public and political scrutiny around drug pricing has reached a fever pitch in the wake of 2022’s Inflation Reduction Act (IRA), that hasn’t stopped pharma majors from ringing in 2024 with their favorite New Year tradition: a hefty round of price hikes.

Roche to pick up LumiraDx’s point-of-care tests through $350M deal

Roche aims to gain a selection of products from the flagging LumiraDx, including a shoebox-sized analyzer and a menu of specialized tests.

Longboard’s shares triple as epilepsy med halves seizure rates in early-stage trial

What do you get when you halve the number of seizures across a group of difficult epilepsy disorders in an early-stage trial? For Longboard Pharmaceuticals, you get a tripling of your share price.

Millions of doses of Pfizer's Paxlovid will go to waste in UK, EU as COVID demand plummets

At the end of November, more than 1.5 million courses of Pfizer’s Paxlovid had expired unused in European countries, analysts at Airfinity said in a new report. The total tally of expired doses in Europe is expected to hit 3.1 million by the end of next month, representing a value of $2.2 billion.

Inside AbbVie's $10B buyout of ImmunoGen—and the bidding war it swooped in on

According to a recent securities filing, AbbVie only entered the ImmunoGen bidding war after other buyout interest led the ADC specialist to widen its pool of potential purchasers. When it came down to the final three players, AbbVie's offer blew the others out of the water.

Mayo Clinic lines up AI collabs in colon, breast cancer with Aiforia, SimBioSys

The Mayo Clinic is doubling down on artificial intelligence to kick off 2024.

A Christmas deal spree: See what J&J, Roche and more had in their stockings

You think Santa can stop the biotech deal making train? Think again. A handful of companies couldn’t wait for the New Year—or next week’s JP Morgan Healthcare conference—to announce their latest wheeling and dealing. We recap the Christmas deal spree.

Anavex stock sinks 30% as lead asset fails to improve Rett syndrome in children

Anavex Life Sciences’ lead asset has failed to significantly improve disease characteristics in a pediatric Rett syndrome trial, with the company pointing the blame toward a high placebo effect.

FDA OKs EndoSound device that adds ultrasound to any upper GI endoscope

In the wake of warnings from the FDA about safety issues associated with certain ultrasound-equipped endoscopes, EndoSound has secured an agency clearance for a device designed to avoid those issues.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': The year in biotech

This week on "The Top Line," Fierce Biotech staff writer Gabrielle Masson and senior editor Annalee Armstrong look back at the year in biotech, which was defined by massive layoffs across the industry. They also discuss their favorite stories of the year, including an appearance from a popstar whose reputation precedes her.
 

Resources

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Developing and Manufacturing Drugs with HPAPIs

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This e-book explores 7 factors that are critical to the success of emerging biopharma companies, whether they plan to out-license, partner, or launch & commercialize products.  It’s an essential resource for emerging companies with products in all stages of development.
 

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High performance computing (HPC) combined with artificial intelligence (AI) and machine learning (ML) can speed up research and development processes and dramatically reduce reliance on expensive clinical trials. Download the free solution brief to learn more.

Whitepaper

Fed-Batch Intensification To Increase Titer In Biologics Manufacturing

Improving efficiency and productivity in biologics manufacturing is a longstanding goal within today’s industry, especially now as new and increasingly complex molecules are fundamentally changing technological and operational approaches to drug development. Process intensification can help accelerate this pace of innovation through advanced process development techniques and high productivity manufacturing platforms.

Whitepaper

Effective Technology Transfers for Mammalian-Derived Biologics

As a leader of technology transfer activities in the industry, Lonza understands the challenges associated with this critical step. Download this White Paper today to learn more. 

 

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