AbbVie boosts Rinvoq, Skyrizi projection to $27B

Today’s Big News

Feb 2, 2024

FDA counts another 111 deaths in 7K new Philips recall reports


In obesity, Regeneron wants to fill gaps. But for cell therapy? Yancopoulos wants to try something new


As Humira plummets, AbbVie dials up Rinvoq and Skyrizi estimates to a combined $27B


BMS more likely to bet on bolt-ons after recent buying spree


FDA sets date for high-profile CAR-T adcomm for Bristol’s Abecma, J&J’s Carvykti

 

Featured

FDA counts another 111 deaths in 7K new Philips recall reports

That brings the total number of medical device reports received since April 2021 to more than 116,000, with 561 reported deaths.
 

Top Stories

In obesity, Regeneron wants to fill gaps. But for cell therapy? Yancopoulos wants to try something new

Regeneron wants to improve on obesity care with a muscle-preservation approach, while elsewhere, the biopharma charts a new course in cell therapy thanks to the acquisition of 2seventy's pipeline.

As Humira plummets, AbbVie dials up Rinvoq and Skyrizi estimates to a combined $27B

Sales of Humira—which once sat pretty as the world’s best-selling drug—plunged nearly 41% to $3.3 billion in the third quarter.

BMS more likely to bet on bolt-ons after recent buying spree

Bristol Myers Squibb is focused on integrating its new acquisitions, but CEO Chris Boerner said there's still interest in more development, which likely would center on bolt-on deals.

FDA sets date for high-profile CAR-T adcomm for Bristol's Abecma, J&J's Carvykti

Mark your calendars, oncology drug and CAR-T therapy developers. The FDA has decided on a date for a highly anticipated advisory committee meeting for Bristol Myers' Abecma and J&J's Carvykti.

Former CRISPR Tx CMO finds new home at Takeda

After resigning from her role as medical officer at CRISPR Therapeutics, Phuong Khanh Morrow, M.D., is taking on the role of senior vice president and head of oncology therapeutic area unit at Takeda. 

Edwards excites with Evoque FDA approval in transcatheter tricuspid valve replacement

Edwards Lifesciences has claimed the FDA’s first approval of a transcatheter replacement implant for a leaky tricuspid heart valve three months after garnering a green light in Europe.

Takeda drops cancer candidates, axing immunocytokine and CAR-Ts amid shifting treatment landscape

Takeda’s vision of becoming a leader in oncology ran into more trouble Thursday, when the drugmaker axed a midphase immunocytokine and three early-stage CAR-T cell therapy prospects from its R&D pipeline.

Alto, Fractyl head to public markets with IPOs north of $100M each

In a second busy week of biotech IPOs, Alto Neuroscience and Fractyl Health will both be jumping onto the public markets this morning with their sights set on raking in over $100 million each.

Hologic harnesses FDA nod for AI-powered Pap test analysis

For the second time just this week, an artificial intelligence-powered tool aimed at improving cervical cancer screening is taking center stage.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': Navigating the future of medical AI

This week on “The Top Line,” Fierce’s Conor Hale interviews Peter Shen, the North American head of digital health at Siemens Healthineers, to explore what developers and regulators can do to ensure transparency in medical AI. He also dives into how the field could potentially benefit from a 21st-century update to the Hippocratic Oath. 
 

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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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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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