Pfizer taps Queen, Einstein & more for Super Bowl ad

This Week

Feb 16, 2024

Biotech bankruptcies hit 10-year peak in 2023 


Exscientia fires CEO Andrew Hopkins over 'inappropriate' relationships with 2 employees 


Pfizer enlists Queen, Einstein and more for Super Bowl ad showing its role in the history of science


Roche to shrink product development team, mainly impacting contractors


In stunning reversal, Takeda snags FDA approval for once-snubbed Eohilia after 'significant grassroots support'


Biogen, grappling with declining sales, slapped with DOJ subpoena over foreign operations

 

Featured

Biotech bankruptcies hit 10-year peak in 2023

More biotech companies filed for bankruptcy in 2023 than any year since 2010, underscoring a brutal year defined by layoffs, company closures and pipeline reprioritizations.
 

Top Stories

Exscientia fires CEO Andrew Hopkins over 'inappropriate' relationships with 2 employees

AI drug hunter Exscientia has fired CEO Andrew Hopkins effective immediately after the board determined he had engaged in two personal relationships with employees that were deemed “inappropriate and inconsistent” with company values.

Pfizer enlists Queen, Einstein and more for Super Bowl ad showing its role in the history of science

Pfizer has touched down at the Super Bowl. The Big Pharma ran its “Here’s to Science” ad at the event, framing its work to “outdo cancer” as part of a history of breakthroughs dating back to Hippocrates.

Roche to shrink product development team, mainly impacting contractors

Roche is laying off employees within its product development team, with the total reductions slated to impact less than 6% of full-time employees in the unit. The pharma group reported 7% growth in its non-COVID business.

In stunning reversal, Takeda snags FDA approval for once-snubbed Eohilia after 'significant grassroots support'

Takeda's Eohilia has surprisingly won over the FDA even after the company had at one point abandoned the program following an FDA rejection. But the first FDA-approved oral eosinophilic esophagitis therapy comes with a limitation.

Biogen, grappling with declining sales, slapped with DOJ subpoena over foreign operations

Biogen’s business has been in decline thanks to fierce multiple sclerosis competition and a botched Alzheimer’s drug launch. To make matters worse, the U.S. Department of Justice is looking into the company’s foreign operations.

Gilead pays $4.3B for CymaBay, the biotech that never gave up on liver disease med

Gilead is bolstering its liver disease portfolio with the $4.3 billion acquisition of CymaBay Therapeutics, specifically for the primary biliary cholangitis med seladelpar.

Invitae prepares for a sale as it files for Chapter 11 bankruptcy

The rumors are true: A week after reports first surfaced that Invitae was on the brink of filing for bankruptcy, the genetic testing company has done exactly that.

As Catalent prepares to join Novo family, CDMO's sales continue to slide

Despite some turbulence at Catalent, including an 11% sales drop for the quarter, investors still seem to be buzzed about the stock after this week’s announcement that Novo Holdings is buying out the CDMO for $16.5 billion.

Could Dupixent find a new life targeting 'memory' B cells to treat allergies?

A new discovery might offer some answers about why allergies happen—as well as open up a potential role for approved biologic drugs like Dupixent or Xolair.

Piramal API plant in Michigan hit with FDA Form 483 write-up

The FDA has slapped Piramal with a Form 483 write-up, citing three observations from an inspection conducted from Jan. 29 to Feb. 6 at its active pharmaceutical ingredient (API) plant in Riverview, Michigan.
 
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