PacBio delivers 56% growth after DNA sequencer launches

Today’s Big News

Jan 11, 2024

JPM24: Even after Seagen buyout, Pfizer oncology chief still eyes ADC deals 


JPM24: How Takeda beat 'almost every biopharmaceutical company' to win Nimbus’ TYK2 med 


JPM24: PacBio puts up 56% annual growth after 2023's long- and short-read DNA sequencer launches 


FDA clears penicillin imports from French drugmaker amid Pfizer shortage


BioNTech, keeping its powder dry, pays WuXi $20M for 2 preclinical monoclonal antibodies 


JPM24: CEO MacMillan wants you to meet ‘the new Hologic’

 

Featured

JPM24: Even after Seagen buyout, Pfizer oncology chief still eyes ADC deals

Despite its recent $43 billion acquisition of Seagen, Pfizer is still on the lookout for deals centered on antibody-drug conjugates, Pfizer’s newly minted chief oncology officer Chris Boshoff, Ph.D., said in an interview. But the company isn’t considering large buyouts at the moment.
 

Top Stories

JPM24: How Takeda beat 'almost every biopharmaceutical company' to win Nimbus’ TYK2 med

Takeda cemented itself as a player in the immunology arena when it bought Nimbus' TYK2 inhibitor a year ago, putting it toe-to-toe against Bristol Myers Squibb. Now, the Japanese pharma has detailed just how the drug landed in its pipeline.

JPM24: PacBio puts up 56% annual growth after 2023's long- and short-read DNA sequencer launches

In a preliminary look at its earnings during the J.P. Morgan Healthcare Conference in San Francisco, the company said it more than doubled its fourth-quarter sales compared to the year prior.

FDA clears penicillin imports from French drugmaker amid Pfizer shortage

France's Laboratoires Delbert is working with the FDA to bring in its version of Pfizer's Bicillin to the U.S. amid a months-long shortage and a nationwide spike in syphilis cases.

BioNTech, keeping its powder dry, pays WuXi $20M for 2 preclinical monoclonal antibodies

BioNTech is continuing to add to its sprawling R&D portfolio without denting its cash mountain. Chinese service provider WuXi Biologics is the latest company to feed the biotech’s appetite for assets, accepting a $20 million offer for monoclonal antibodies against two undisclosed targets.

JPM24: CEO MacMillan wants you to meet ‘the new Hologic’

CEO Stephen MacMillan took the microphone at the J.P. Morgan Healthcare Conference in San Francisco to describe “the new Hologic” in three words—a medtech company made “bigger, faster and stronger” in the wake of the COVID-19 pandemic.

JPM24: Bluebird CEO points to 'very innovative contract' to defend Lyfgenia's pricing premium over CRISPR rival

Bluebird bio’s 40% list-price premium for Lyfgenia compared with Vertex and CRISPR Therapeutics’ sickle cell disease drug surprised many industry watchers last month. But bluebird CEO Andrew Obenshain argues the prices for the gene therapy rivals shouldn’t be compared directly.

JPM24’s Medtech Tidbits: Acquisitions, approvals, analysis and more

We’ve compiled the biggest medtech news coming out of the 2024 J.P. Morgan Healthcare Conference, from in and around San Francisco and all points beyond.

Neuralace weaves new diabetic neuropathy indication into noninvasive nerve stimulation tech

The original FDA nod for Neuralace's Axon Therapy for nerve pain came after a decade of R&D. The road to its next regulatory nod was much shorter.

Nevro plans to lay off 5% of workforce to balance out Vyrsa acquisition costs

After inking a deal worth up to $75 million to acquire joint pain devicemaker Vyrsa Technologies late last year, Nevro now appears to be trying to lessen the impact of those costs on its bottom line.

Biogen returns ex-U.S. rights of MS drug Fampyra to Acorda

With sales declining for aging multiple sclerosis (MS) drug Fampyra, Biogen has exercised an option to return licensing rights to its development and commercialization outside of the United States to Acorda Therapeutics. The move, which becomes effective on January 1 of 2025, ends a 15-year arrangement between the companies.
 
Fierce podcasts

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'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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7 “Make or Break” Factors for Emerging Biopharma Companies

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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Digital Health Innovation: From Concept to Commercialization

The road to digital health innovation is exciting but complex and requires thoughtful navigation; this whitepaper serves as your guide through this process.
 

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