One giant leap for Virtual Incision’s surgical robot

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Today’s Big News

Jan 31, 2024

Biogen abandons Aduhelm efforts, focuses on Eisai-partnered Leqembi and pipeline drugs


Novavax’s second round of job cuts reached 12% of staff, though execs say that should be it for now


Novartis calls time on TIM-3, axing cancer candidate after phase 3 flop


Blastoff! Virtual Incision's surgical robot becomes the first sent to the International Space Station


Teva's refresh under new CEO Francis moves into year 2 as Austedo, Ajovy and generics gain steam

 

Featured

Biogen abandons Aduhelm efforts, focuses on Eisai-partnered Leqembi and pipeline drugs

Biogen is discontinuing its first Alzheimer's disease therapy, Aduhelm, after walking a rocky path. The company is taking a $60 million charge, halting sales and terminating a confirmatory trial.
 

Top Stories

Novavax’s second round of job cuts reached 12% of staff, though execs say that should be it for now

Novavax says 12% of its workforce was cut as part of a second wave of layoffs announced at the end of 2023, bringing last year’s full-year staff reduction to about 30%. 

Novartis calls time on TIM-3, axing cancer candidate after phase 3 flop

Novartis’ anti-TIM-3 antibody has flunked a phase 3 blood cancer trial, prompting the Swiss drugmaker to pull the drug candidate from its pipeline. The failed study was the biggest test to date of an immuno-oncology target into which a who’s who of leading drug developers have pumped money.

Blastoff! Virtual Incision's surgical robot becomes the first sent to the International Space Station

In a giant leap for medtech-kind, a robotic surgery system is now en route to the International Space Station.

Teva's refresh under new CEO Francis moves into year 2 as Austedo, Ajovy and generics gain steam

After charting a series of sales increases in 2023, Teva’s largely made good on the promise of its new CEO’s “Pivot to Growth” campaign. With group revenues on the up-and-up, it’s all about maintaining momentum in the years to come, the company’s chief executive Richard Francis said in an interview.

Boston Scientific’s Farapulse pulsed field ablation system secures FDA approval in afib

The agency's approval coincided with Boston Scientific's latest earnings report, which posted 14.9% growth for last quarter and a 12.3% gain for the full year of 2023.

GSK tips 12 blockbuster launches to soften HIV patent loss, power sales toward $50B

GSK is moving to ease worries about the looming loss of exclusivity on its HIV blockbuster, setting out plans to launch at least 12 major products and deliver more than 38 billion pounds ($48 billion) in risk-adjusted sales by 2031.

As AstraZeneca gears up for courtroom showdown over IRA, Novo's case faces separate HHS rebuke

Lawyers for AstraZeneca are set to tussle with the U.S. Department of Justice in a federal court. The British drugmaker aims to challenge the legality of the drug pricing provisions put in place under 2022’s Inflation Reduction Act, which will allow Medicare to haggle over the prices of some of the costliest drugs it covers starting in 2026.

After phase 2 fail, cell therapy biotech Atara cuts CMO and lays off 25% of staff

After a phase 2 flop late last year, allogeneic T-cell company Atara Biotherapeutics is laying off 25% of staff and sending its chief medical officer out the door.

BD taps Techcyte for AI-powered Pap smear tests to help detect cervical cancer

BD and Techcyte’s offering will launch first in Europe in the first half of this year, since Techcyte’s system already has CE mark approval on the continent.
 
Fierce podcasts

Don’t miss an episode

‘The Top Line’: Closing the $1 trillion women’s health gap

While it’s a known fact that women, on average, live longer than men, a recent report unveils a nuanced reality—women also spend more of their lives grappling with poor health. This week on “The Top Line,” Ayla Ellison, editor-in-chief of Fierce Healthcare and Life Sciences, explores the root causes behind this disparity and the multifacted nature of the women’s health gap.
 

Resources

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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