AbbVie inks $64M Tentarix accord

Today’s Big News

Feb 22, 2024

While Moderna moves off COVID, Spikevax posts market-share gains on Pfizer rival 


Investors hone in on Moderna’s RSV, CMV prospects after ‘transition’ year 


QuidelOrtho ousts CEO Douglas Bryant after 15 years 


Amid contract manufacturing wind-down, Moderna advances production efforts for cancer programs 


AbbVie wraps up $64M oncology, immunology deal with Tentarix 


Agilent CEO McMullen to retire, succeeded by lab services head 


Novavax dodges COVID vaccine refund by settling Gavi arbitration for up to $400M 

 

Featured

While Moderna moves off COVID, Spikevax posts market-share gains on Pfizer rival

In the fall vaccination season, Moderna captured 48% of the COVID-19 retail market in the United States versus a 37% showing in 2022, closing the gap on Pfizer’s Comirnaty. Spikevax revenue for the quarter came to $2.8 billion, topping analyst expectations of $2.5 billion.
 

Top Stories

Investors hone in on Moderna’s RSV, CMV prospects after ‘transition’ year

After Moderna's COVID sales landed at the low end of the company's 2023 estimates, investors' attention is turning toward other late-stage programs and near-commercial products, namely RSV and CMV. The FDA is slated to decide on the company's RSV vaccine by the middle of May.

QuidelOrtho ousts CEO Douglas Bryant after 15 years

In the wake of a full-year earnings sheet that showed an 8% year-over-year drop in revenues and a major slump in operating income that sent its net earnings into the red, QuidelOrtho is making some changes at the top.

Amid contract manufacturing wind-down, Moderna advances production efforts for cancer programs

To get a pulse on Moderna following its “year of transition” in 2023, look no further than the company’s manufacturing operations. The Cambridge, Massachusetts-based biotech has incurred a COVID-related wind-down charge on one hand, while it spends millions of dollars to bolster cancer vaccines at the same time.

AbbVie wraps up $64M oncology, immunology deal with Tentarix

AbbVie is wrapping its tentacles around a few more oncology and immunology candidates thanks to a new $64 million deal with Tentarix Biotherapeutics.

Agilent CEO McMullen to retire, succeeded by lab services head

After nearly a decade in the role, Agilent Technologies CEO Mike McMullen is stepping down.

Novavax dodges COVID vaccine refund by settling Gavi arbitration for up to $400M

Novavax has reached a settlement with Gavi, the Vaccine Alliance ending arbitration tied to a 2021 advance purchase agreement around its prototype COVID-19 vaccine NVX-CoV2373. Had Novavax lost the arbitration, the company might have had to refund nearly $700 million.

'Golden era of innovation': ORI Capital raises $260M fund for early-stage biotechs

ORI Capital has raised $260 million, the VC’s second life sciences fund that will go toward early-stage biotechs worldwide.

Zimmer Biomet snaps up clearance for shoulder replacement robot

The shoulder green light marks the fourth in Zimmer’s family of Rosa robotic helpers, after go-aheads in total knee and hip replacements.

Clinical trial launches level out after pandemic highs, dropping 15% YOY

The pace of clinical trial starts is leveling out, dropping below pre-pandemic highs with a 15% decline in 2023 compared to the year before.
 
Fierce podcasts

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'The Top Line': Gene editing's next act

This week on "The Top Line," Max Bayer from Fierce Biotech explores the future of gene editing in an interview with the CEO of Verve Therapeutics.
 

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.

 

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