Blueprint hit with FDA hold

Today's Big News

Feb 10, 2023

Faced with safety issues over inflammation drug, AstraZeneca spinout Aristea closes shop


'Expect us to act' on M&A, AbbVie CEO says as company plots post-Humira plans


Blueprint told to stop sketching as FDA slaps partial hold on phase 1/2 trial  


Mineralys, amid signs of thawing IPO market, upsizes offering to raise $192M for race with AstraZeneca


Eliem drops depression drug, ending pursuit of Biogen-Sage and laying off 55% of team


Chutes & Ladders—Former Roche pharma chief tapped to be new Bayer CEO

 

Featured

Faced with safety issues over inflammation drug, AstraZeneca spinout Aristea closes shop

Confronted with safety findings, Aristea Therapeutics is not only canning work on its midstage inflammatory program but has decided to dissolve the business entirely.
 

Top Stories

'Expect us to act' on M&A, AbbVie CEO says as company plots post-Humira plans

AbbVie is setting the stage for an aggressive M&A push to fill the revenue vacuum left by Humira, with CEO Richard Gonzalez telling investors to expect a move if the shoe fits. 

Blueprint told to stop sketching as FDA slaps partial hold on phase 1/2 trial

Blueprint Medicines' momentum has been stymied by a partial FDA clinical hold placed on its solid tumor prospect. The company announced that some patients have experienced visual adverse events, including light sensitivity and blurred vision.

Mineralys, amid signs of thawing IPO market, upsizes offering to raise $192M for race with AstraZeneca

After a long winter, the first signs of spring have brought the return of the lesser spotted upsized biotech IPO. Days after Structure Therapeutics closed its upsized offering, Mineralys Therapeutics has revealed a $192 million haul that positions it to race AstraZeneca to a new uncontrolled hypertension opportunity.

Eliem drops depression drug, ending pursuit of Biogen-Sage and laying off 55% of team

How many years of cash runway do biotechs need to feel comfortable? Two? Three? Eliem Therapeutics has decided its two years of cash looks dicey in the current capital environment—and has responded by shelving a phase 2-ready depression drug candidate and laying off 55% of staff in a pivot to preclinical.

Eli Lilly's employment decisions under fire once again as sales rep lodges age discrimination claim

Not even six months after the U.S. Equal Employment Opportunity Commission sued Eli Lilly over alleged age bias, the company is at the center of another lawsuit. This one comes from an employee.

Titan Medical lays off 70% of staff as search for buyer comes up short

Titan Medical isn’t quite ready to give up on its robotic surgery technologies—even amid a possible delisting from the Nasdaq, widespread layoffs and a failed attempt at selling off the company.

GSK's unusual Jemperli expansion plan wins FDA panel backing—with a twist

During a heated discussion around a potential GSK application for Jemerpli in a rare cancer type, a panel of the FDA's external advisers largely took the middle ground between the company and the regulatory agency.

Medicare Advantage enrollment has exploded since 2006. But policy hasn't kept up, researchers warn

Enrollment in Medicare Advantage has exploded over the past 15 years, a new study shows. However, the researchers warn that payment policy hasn't kept up with the times.

'The Top Line': 2022's top acquisitions and what Amgen's $28B Horizon buy means for M&A in 2023

This week on "The Top Line," we discuss which companies made the list of the top 10 pharma M&A deals of 2022 and what was at stake last year. We also talk about what last year's biggest deal means for M&A activity this year.

Chutes & Ladders—Former Roche pharma chief tapped to be new Bayer CEO

Bayer plucks former Roche pharma CEO Anderson to be new leader. Astellas promotes strategy head to CEO. White House OSTP leader to depart.

Fierce Pharma Asia—Astellas' new CEO; Eisai's Alzheimer’s launch; Mitsubishi's Medicago closure

Astellas has named a new CEO to "go on the aggressive" in 2023. Eisai has recorded the first sales of its Alzheimer's disease drug Leqembi. Mitsubishi shuts down Canadian COVID vaccine maker Medicago. And more.
 
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'The Top Line': 2022's top acquisitions and what Amgen's $28B Horizon buy means for M&A in 2023

This week on "The Top Line," we discuss which companies made the list of the top 10 pharma M&A deals of 2022 and what was at stake last year. We also talk about what last year's biggest deal means for M&A activity this year.
 

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