Biotech IPO successes suggest ‘recovery phase’

This Week

Feb 2, 2024

Special Report—Top 10 most anticipated drug launches of 2024 


Pfizer's layoff campaign ramps back up with dozens of SF-area cuts expected next month


Pfizer cuts 3 assets as R&D spend drops 24% in Q4 


Merck's Keytruda extends life for kidney cancer patients after surgery, while Bristol's Opdivo fails again


Week of IPO success stories suggest biotech has reached 'recovery phase' in 2024


FDA accepts first AI algorithm to drug development tool pilot, with Deliberate AI’s anxiety and depression assessment

 

Featured

Top 10 most anticipated drug launches of 2024

Every year, we tap Evaluate’s annual preview report to assess the biggest potential new drugs of the year ahead. Typically, major pharmaceutical and biotechnology companies are featured, each presenting potential blockbuster launches. In 2024, however, things are set to play out a little differently.
 

Top Stories

Pfizer's layoff campaign ramps back up with dozens of SF-area cuts expected next month

Come mid-February, Pfizer will lay off some 52 employees at a facility in South San Francisco, according to a recent Worker Adjustment and Retraining Notification Act alert. The site is the former headquarters of Global Blood Therapeutics.

Pfizer cuts 3 assets as R&D spend drops 24% in Q4

Pfizer is trimming its pipeline (and team), discarding three assets after R&D spending dropped 24% in the last quarter of 2023.  

Merck's Keytruda extends life for kidney cancer patients after surgery, while Bristol's Opdivo fails again

Merck’s unique approval for Keytruda as a postsurgerical treatment for resectable kidney cancer has gained new backing in the form of data showing the PD-1 inhibitor can extend patients’ lives. This comes just as the drug’s rival, Bristol Myers Squibb’s Odpivo, chalked up another trial failure.

Week of IPO success stories suggest biotech has reached 'recovery phase' in 2024

Coming off one of the worst years for IPOs in recent history, two new upsized IPOs have offered a stretching ray of hope that 2024 may not be so bad after all.

FDA accepts first AI algorithm to drug development tool pilot, with Deliberate AI’s anxiety and depression assessment

The Innovative Science and Technology Approaches for New Drugs pilot was designed to create a new pathway to FDA review for novel tools that may not fit into currently existing routes of evaluation, but that could potentially improve the development of new drugs.

WuXi Biologics plays defense after US bill brands certain Chinese biopharmas as security threats

New legislation aimed at blocking a group of Chinese biopharma firms from tapping into U.S. federal funding has sent shares tumbling in recent days. WuXi Bio, for its part, says it's not affiliated with the military in China.

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.

Decentralized trial company Science 37 to be acquired by eMed in $38M deal

Clinical trial specialist Science 37 has agreed to be acquired by telehealth and diagnostics provider eMed in an all-cash tender offer valued at approximately $38 million.

CAR-Ts turn back the clock on metabolic aging in mice—and even prevent it

Researchers have successfully used chimeric antigen receptor T (CAR T) cells to prevent some signs of aging in young mice and reverse them in old ones, building on the case for the therapy’s place in longevity research and regenerative medicine.

Less corporate, more human: How Sanofi is using the Olympics to change public perceptions

Pharma watchers know Sanofi has changed how it presents itself to the world. Under CEO Paul Hudson, Sanofi has pitched itself as humble, authentic, a bit unconventional—and changed its branding to match. But people in the wider world? Well, reaching them poses a different challenge. Sanofi’s attempt to rise to that challenge is supported by a once-in-a-lifetime opportunity: a Summer Olympics in France.
 
Fierce podcasts

Don’t miss an episode

'Podnosis': Catching up with the Fierce 15 of 2019

This week on “Podnosis,” we rewind to January 2019 when Fierce Healthcare unveiled its inaugural Fierce 15, spotlighting 15 private companies engaged in pioneering work and making waves in healthcare innovation. In this episode, we reconnect with leaders from two of those companies: Cityblock Health and Civica Rx. 
 

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.

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.
 

Whitepaper

7 Questions You Should Be Asking Your Digital Point-of-Care Media Vendor

Any EHR provider delivering a quality point-of-care marketing solution should be able to answer these seven questions.

 

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