Abbott outperforms pre-pandemic growth

Today’s Big News

Jan 24, 2024

Lilly makes waves, says gene therapy restores hearing for child with genetic hearing loss


Gilead's Tecartus gets revised safety demand amid FDA's push for CAR-T boxed warnings


Abbott outpaces pre-pandemic performance with 11.6% growth in 2023—sans an 18% hit from COVID test sales


Incyte vets, with phase 1 within reach, raise $102M for new biotech to create better PARP, PI3K drugs


WuXi XDC, hot off $520M IPO, inks antibody-drug conjugate deal with Celltrion


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Featured

Lilly makes waves, says gene therapy restores hearing for child with genetic hearing loss

Eli Lilly says an investigational gene therapy has restored hearing in one child who has experienced hearing loss since birth.
 

Top Stories

Gilead's Tecartus gets revised safety demand amid FDA's push for CAR-T boxed warnings

The FDA’s letter demanding a labeling change for Gilead Sciences’ Tecartus temporarily went missing on the agency’s website Tuesday. Turns out, the FDA didn’t drop the CD19 CAR-T from a classwide safety alert list. Instead, it's adjusted the wording of a proposed boxed warning.

Abbott outpaces pre-pandemic performance with 11.6% growth in 2023—sans an 18% hit from COVID test sales

Last year's increase easily outstripped not only the “high single-digit” rate Abbott had predicted at the start of the year, but also the 7% growth rate it had posted in the two years leading up to 2020.

Incyte vets, with phase 1 within reach, raise $102M for new biotech to create better PARP, PI3K drugs

A group of familiar faces to Incyte watchers has broken off to start their own biotech, pulling in $102 million to develop competitors to approved cancer drugs from AstraZeneca, GSK, Novartis and Pfizer.

WuXi XDC, hot off $520M IPO, inks antibody-drug conjugate deal with Celltrion

Shortly after its spinoff and IPO, WuXi Biologics’ subsidiary WuXi XDC has locked up a major customer on its quest to establish itself as a premier bioconjugation contract research, development and manufacturing organization.

Apotex, Heritage and Breckenridge settle with purchasers in generics price-fixing case

Apotex and two of its generics peers have agreed to settle with direct purchasers of their drugs in a price-fixing case that stretches all the way back to 2017.

BenevolentAI taps former Bayer R&D chief to help steer the AI biotech out of choppy waters

BenevolentAI has named longtime pharma exec Joerg Moeller as its new CEO. He previously led R&D at LEO Pharma after nearly two decades at Bayer.

Motif Neurotech raises $19M for brain pacemaker depression treatment

After announcing last September that it had logged the first successful implantation of its pea-sized neurostimulator for depression, Motif Neurotech has raised $18.75 million in VC funds.

Smartphone-based heart exam developer CardioSignal collects $10M

CardioSignal, the developers of an app that performs a heart test using some of the most basic smartphone features, has collected $10 million in early venture capital funding to validate its approach in the clinic.

GSK inks tech licensing pact with DNA manufacturer Elegen to bolster R&D efforts

Pharma giant GSK and Elegen are partnering to leverage the California-based DNA manufacturer's proprietary technology to help develop new vaccines and medicines.
 
Fierce podcasts

Don’t miss an episode

'Podnosis': What’s next for health tech investing in 2024?

This week on "Podnosis," Sofia Guerra and Steve Kraus from Bessemer Venture Partners sat down with Fierce Healthcare's Heather Landi to discuss the health tech sector's performance, unraveling the factors that contributed to its current state. They share what it will take to get health tech out of its current market lull and explore whether we’ll see a rebound in IPOs this year. 
 

Resources

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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.

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