Federal watchdog probes FDA's device recall handling

Today’s Big News

Jan 17, 2024

For biotech dealmakers, it’s everything, everywhere all at once


Gilead calls off Oceanside manufacturing expansion, uproots biologics development team 


Federal watchdog to probe FDA's handling of major device recalls, including Philips'


JPM24: ReCode CEO Shehnaaz Suliman eyes second half IPO opportunity


US agency nixes Seagen patent, handing Daiichi Sankyo a win in long-running Enhertu entanglement

 

Featured

For biotech dealmakers, it’s everything, everywhere all at once

Biotech executives are reaching into their bag of tricks and coming up with wild ways to access capital. It's not enough to have M&A in mind or plan for an IPO. You need to have both underway, just in case. 
 

Top Stories

Gilead calls off Oceanside manufacturing expansion, uproots biologics development team

Gilead is calling off an expansion of its Oceanside biologics site and plans to move "the majority" of the team to Foster City. A Gilead spokesperson said Kite's viral vector manufacturing facility is not affected by the move.

Federal watchdog to probe FDA's handling of major device recalls, including Philips'

Following a series of reports on the FDA’s alleged history of mishandling medical device recalls, which in turn sparked a request for a government probe of the regulator, the U.S. Government Accountability Office has agreed to take on the job.

JPM24: ReCode CEO Shehnaaz Suliman eyes second half IPO opportunity

As green shoots slowly push from the scorched Earth biotech markets, ReCode Therapeutics CEO Shehnaaz Suliman, M.D., is watching closely, biding her time for a potential second half IPO.

US agency nixes Seagen patent, handing Daiichi Sankyo a win in long-running Enhertu entanglement

After a Texas jury sided with Seagen a patent spat, the U.S. Patent and Trademark Office has invalidated the patent in question.

Jaguar Gene Therapy investors carve out manufacturing unit as a separate company

Three years after bringing Jaguar Gene Therapy out of stealth, Deerfield Management is leading the funding of a manufacturing spinout from the Illinois company. Deerfield, with the help of ARCH Venture Partners and Nolan Capital, is backing a new company—Advanced Medicine Partners—which was formerly responsible for Jaguar’s chemistry, manufacturing and controls (CMC).

Roche racks up phase 3 TIGIT win, but trial design leaves doubts

Roche has bagged a phase 3 win in TIGIT. But the victory falls short of being a clear-cut endorsement of the mechanism, with the use of a comparator that is no longer the standard of care complicating efforts to tease out the impact of the investigational antibody.

Quest, Fitbit take first step in combining wearables and diagnostics to improve metabolic health

Just as users around the world are surely strapping on new Fitbits with an aim of tackling health-focused New Year’s resolutions, so too is Fitbit itself kicking off 2024 with its sights set on a new goal.

Lonza plots more than 200 layoffs at clinical manufacturing site in California

Lonza is axing 218 jobs at its site in Alameda County, California, according to a new Worker Adjustment and Retraining Notification (WARN) alert. The cuts come as Lonza plans hundreds of hires in Switzerland.

To get condensates into clinic next year, Dewpoint narrows headcount and pipeline

Despite losing a couple of Big Pharma collaborators, Dewpoint Therapeutics is gearing up to finally take its lead biologic condensates into the clinic, clearing out 18 unwanted roles and narrowing its pipeline to make space for the right candidates.

FDA clears handheld, AI-powered optical probe to evaluate lesions for skin cancer

Designed for use by primary care providers, the noninvasive optical spectroscopy system is capable of helping to identify the three most common skin cancers at the point of care, including melanoma, basal cell carcinoma and squamous cell carcinoma.

J&J, AZ/Daiichi Sankyo cancer therapies lead Clarivate's annual rundown of notable new meds

Two cancer therapies have topped Clarivate Analytics’ Drugs to Watch in 2024, an annual report that identifies potential blockbusters and other treatments that could “transform treatment paradigms.” The analysts have pegged Johnson & Johnson’s combination treatment Akeega and Daiichi Sankyo and AstraZeneca’s datopotamab deruxtecan to generate $2.7 billion in sales each in 2029.

Submit your nominations now for Fierce Medtech's 2023 Fierce 15

We're looking for the fiercest and most innovative private medtech companies and startups, from around the globe and in every healthcare area, for our annual list of the Fierce 15.
 
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

Whitepaper

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.
Whitepaper

Developing and Manufacturing Drugs with HPAPIs

Discover how to effectively classify highly potent APIs and the steps required to develop containment protocols and manufacturing processes that are both safe and efficient.

eBook

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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