Revvity revenue declines after PerkinElmer spinout

Today’s Big News

Feb 1, 2024

Who's No. 1? With $25B in sales, Merck's Keytruda looks to be the top-selling drug of 2023 


Despite Vyvanse’s loss of exclusivity, Takeda treads water thanks to new launch momentum 


Roche, which fell out of Alzheimer’s market, previews next effort that ‘drops plaque like a stone’ 


Revvity revenue drops 17% in first year after PerkinElmer spinout, thanks to COVID testing declines 


Merck still in the market for deals in the $1B to $15B range, CEO says 


Roche, pipeline bulging from deal spree, axes 8 oncology and neurology programs to speed up R&D 


Delfi launches cancer-monitoring blood test alongside Immunocore collab 

 

Featured

Who's No. 1? With $25B in sales, Merck's Keytruda looks to be the top-selling drug of 2023

With Merck reporting a whopping $25 billion sales haul for Keytruda on Thursday, the PD-1 cancer superstar appears to be the world’s top-selling drug in 2023. Keytruda looks set to take over the top spot from Pfizer and BioNTech’s Comirnaty, which ruled the previous two years, scoring sales of $55.9 billion in 2022 and $55.1 billion in 2021.
 

Top Stories

Despite Vyvanse’s loss of exclusivity, Takeda treads water thanks to launch momentum

As Vyvanse generics take a chunk out of Takeda's sales, the company is hopeful its roster of new drugs, including its dengue fever vaccine Qdenga, can keep revenues intact.

Roche, which fell out of Alzheimer’s market, previews next effort that ‘drops plaque like a stone’

Think Roche is out of the Alzheimer’s disease business? Think again.

Revvity revenue drops 17% in first year after PerkinElmer spinout, thanks to COVID testing declines

Revvity’s first several months as a standalone company haven’t all been smooth sailing.

Merck still in the market for deals in the $1B to $15B range, CEO says

Even after the acquisitions of Prometheus, for $10.8 billion in 2023, and Acceleron, for $11.5 billion in 2021, Merck is ready to make more deals in the $1 billion to $15 billion range, according to CEO Rob Davis.

Roche, pipeline bulging from deal spree, axes 8 oncology and neurology programs to speed up R&D

Roche has removed eight phase 1 and 2 oncology and neurology candidates from its pipeline as part of a set of “trade-offs” intended to “increase the overall portfolio value and speed up development.”

Delfi launches cancer-monitoring blood test alongside Immunocore collab

Delfi's DNA fragmentome-based liquid biopsy test is currently limited to research use only. Immunocore will help explore its potential in predicting patient benefit for its bispecific T-cell receptor immunotherapies.

Despite Roche's sharp COVID sales decline, eye drug Vabysmo powers major revenue win, CEO says

As Roche CEO Thomas Schinecker sees it, the Swiss pharma made a “major achievement” in 2023. Despite a sharp decline in COVID-related sales, the company was able to grow overall revenues thanks in large part to the performance of eye disease drug Vabysmo.

Deal hungry Merck plans more phase 3 launches than in 2023

Merck plans to launch more phase 3 trials in 2024 than it did in 2023, underscoring the company's mid-to-late-stage growth plan. Meanwhile, CEO Rob Davis says the company is hunting for more mid-sized deals. 

Synchron takes stake in miniaturized implant tech maker Acquandas

As clinical trials of its brain-computer interface progress, Synchron is laying the groundwork for the technology’s eventual commercial rollout.

In Medicare negotiation process, HHS sends 1st price offers as industry blasts lack of transparency

Despite litigation and denouncements from the biopharma industry, Medicare price negotiations under the Inflation Reduction Act are rolling on. And today, the government is sending out its first round of offers on affected drugs.

After Eisai retirement, Ivan Cheung is back to lead Massachusetts biotech

Former Eisai leader Ivan Cheung, the face of approved Alzheimer's disease medicine Leqembi, is taking the top spot at NextPoint Therapeutics.
 
Fierce podcasts

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‘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

The Oncology Market – 2023 Year in Review

This paper offers a detailed review of key events and developments in the oncology market during 2023.  It’s a helpful “status report” that informs how the market is likely to evolve in 2024. It covers, vaccines, radiopharmaceuticals, ADCs, CAR-Ts, bi-specifics, & more.

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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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