Editas sells iNK programs after layoffs

Today's Big News

Jan 19, 2023

Roche touts industry-first liver cancer win, expects more Tecentriq adjuvant data this year  


Health insurers well-positioned to weather inflation, utilization shifts in 2023: Fitch 


Editas finds buyer for iNK programs 10 days after clearing out pipeline  


Alnylam, PTC Therapeutics rare disease drugs win backing from England's NICE  


Philips, Masimo expand partnership after latter’s pulse oximetry smartwatch launch  


Cleveland Clinic anticipates $200M-plus operating loss in 2022, CEO says

 

Featured

Roche touts industry-first liver cancer win, expects more Tecentriq adjuvant data this year

Nearly three years after snatching the first-in-class FDA approval in metastatic liver cancer, a combination of Roche’s Tecentriq and Avastin has come back with an industry-first win in early-stage disease. And the PD-L1 inhibitor is looking at a busy year with potentially four adjuvant readouts on deck.
 

Top Stories

Health insurers well-positioned to weather inflation, utilization shifts in 2023: Fitch

Health insurers have a neutral credit outlook for the coming year as the increased focus on diversification paid off, according to a new analysis from Fitch Ratings.

Editas finds buyer for iNK programs 10 days after clearing out pipeline

Just 10 days after announcing plans to let go of its iNK programs as part of a major portfolio and workforce restructuring, Editas Medicine has found a buyer for the cell technologies in the form of Shoreline Biosciences.

Alnylam, PTC Therapeutics rare disease drugs win backing from England's NICE

NICE endorsed costly rare disease therapies from Alnylam and PTC Therapeutics. As for PTC's Translarna, the drug has been rejected by the U.S. FDA three times.

Philips, Masimo expand partnership after latter’s pulse oximetry smartwatch launch

No seven-year itch here: After spending the better part of a decade putting aside their differences to team up on the combination of their respective patient monitoring technologies, Philips and Masimo are still going strong.

Cleveland Clinic anticipates $200M-plus operating loss in 2022, CEO says

In an address to Cleveland Clinic employees, CEO and President Tom Mihaljevic, M.D., said the organization plans to cut back on spending and administrative hiring.

Jiving with Jazz after $325M opt-in, Zymeworks links HER2 bispecific to 84% survival after 18 months

Fresh from its $325 million opt-in, Jazz Pharmaceuticals has posted phase 2 data on its HER2-targeted bispecific antibody zanidatamab. The Zymeworks-partnered prospect kept 84% of people with metastatic gastroesophageal cancer alive for at least 18 months when given in combination with chemotherapy.

Abbott nabs FDA approval for second-generation Navitor TAVR implant

More than a year-and-a-half after securing an approval in Europe, Abbott has gotten the green light from the FDA for the newest generation of its transcatheter aortic valve replacement implant.

Providers press CMS to finalize prior authorization reforms to alleviate major administrative burdens

CMS leadership held a roundtable with providers Tuesday aimed at getting feedback on proposed reforms to prior authorization, including new measures to adopt electronic processes.

Bluebird extends cash runway to late 2024 with $113M raise through stock sale

Just about a week after saying its cash could fund operations until early next year, bluebird bio has raised $113 million by selling new shares of its stock. The money should fund operations through the fourth quarter of 2024.

Concert joins Sun Pharma’s symphony for $576M with aim of bringing alopecia treatment to market

If there's been a theme to 2023 so far, it's mid-size companies taking the plunge and making an offer on their biotech peers. The latest example is Sun Pharmaceutical, which has put down $576 million to acquire Concert Pharmaceuticals and its JAK inhibitor that could give Eli Lilly's approved alopecia treatment a run for its money.

Surmodics returns to the drawing board as FDA declares drug-coated balloon ‘not currently approvable’

Surmodics looks to pave a new path forward after the FDA sent a device submission back for revision yet again.

Is the first NASH drug approval nearing? Intercept stages comeback as FDA sets decision date 

Intercept has moved one step closer toward its goal of delivering the first NASH therapy in the U.S. The FDA has accepted the company's latest application for Ocaliva in NASH, but uncertainties remain following a 2020 rejection and a phase 3 failure.

Fierce Biotech Layoff Tracker 2023: ReNeuron drops 40% of staff; Editas edits workforce plus more

We had hoped that our Layoff Tracker would stay retired for a while, but 2023 is starting to look a lot like our old friend 2022 when it comes to layoffs in biotech.
 
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