Saudi Arabia vies to become next biotech hub

Today’s Big News

Jan 25, 2024

BMS won out against other pharmas in bid for RayzeBio, just days after competing for Karuna


Amid high-profile CAR-T safety probe, FDA’s Peter Marks offers first glimpse at data under review


Saudi Arabia launches plan to become biotech hub by 2040


Intuitive earns CE mark for single-port robot while lining up next multi-port FDA nod


Cabometyx, Tecentriq stave off prostate cancer progression as Exelixis joins Novartis on FDA's wait list

 

Featured

BMS won out against other pharmas in bid for RayzeBio, just days after competing for Karuna

Bristol Myers Squibb is proving its worth as an M&A competitor, coming out on top not once but twice in terms of fresh acquisitions. Most recently, the pharma’s $4.1 billion bid for radiopharmaceuticals biotech RayzeBio was enough to beat out two other companies that also put down offers.
 

Top Stories

Amid high-profile CAR-T safety probe, FDA’s Peter Marks offers first glimpse at data under review

Three months after launching an investigation into the risk of secondary T-cell cancers after treatment with a CAR-T medicine, the FDA has shared more information on the cases that it has seen. But questions remained unanswered.

Saudi Arabia launches plan to become biotech hub by 2040

Saudi Arabia has launched a national biotech strategy in an effort to become an international biotech hub within the next 16 years.

Intuitive earns CE mark for single-port robot while lining up next multi-port FDA nod

The single-port system, dubbed da Vinci SP, has racked up clearances in the U.S. in recent years allowing it to be used in urology and transoral otolaryngology procedures. The newly bestowed CE mark allows European surgeons to use the SP platform in an even wider range of surgeries.

Cabometyx, Tecentriq stave off prostate cancer progression as Exelixis joins Novartis on FDA's wait list

In a similar pattern as Novartis' radiotherapy Pluvicto, Exelixis now has positive prostate cancer data for a combination of Cabometyx and Roche's Tecentriq, and yet the drug developer can't immediately file for an FDA approval.

Abbott snags FDA approval for its smallest, longest-lasting rechargeable deep brain stimulator

Abbott equated the height and width of the Liberta RC device to that of a smartwatch face and suggested that the implant could be placed in a spoonful of water “with room to spare.”

In first biotech IPO of the year, CG Oncology overshoots estimates by bringing in $380M

In a move that will be seized on as a sign that the IPO window is reopening in 2023, CG Oncology has not only become the first biotech to go public this year but overshot its own estimates.

In downsizing mode, Sage will move headquarters to a smaller space

Two months ago, in presenting quarterly earnings, CEO Barry Greene said Sage Therapeutics was on its way to becoming a “leaner and stronger company.” Part of that mission will come to fruition later this year with a move of its headquarters in Cambridge, Massachusetts. Sage will shift from its 103,000-square-foot headquarters to a 30,567-square-foot office three blocks away, the company said in a regulatory filing.

Third Rock adds three new venture partners, including Karuna’s Paul, and promotes two others

Third Rock is fortifying its ranks, hiring three new venture partners and promoting two others at the firm. Among the new hires is Karuna Therapeutics founder Steve Paul.

Regulatory tracker: Heron's Zynrelef nabs label expansion to cover 13M surgical procedures annually

In this tracker, Fierce Pharma is recording the regulatory progress of in-market products, including expansions into key geographies and new indications. Some of these updates may not meet the bar for standalone stories, but we think they are still worth mentioning.
 
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'The Top Line': A closer look at new drug approvals in 2023

At Fierce Pharma, the arrival of a new year is synonymous with the release of our annual special report on drug approvals. This week on “The Top Line,” Fierce Pharma’s Eric Sagonowsky and Kevin Dunleavy, both instrumental in creating the special report, are breaking down the numbers and sharing key insights into the landscape of drug approvals in 2023. 

 

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