Novo sticks down $1.4B molecular glue deal

Today’s Big News

Feb 27, 2024

Viking's GLP-1 spurs steep weight loss, sending shares up 80%


Goldilocks and the 'not great, but good enough': Drug development shops offer 'sweet spot' deal alternative


Novo Nordisk sticks down $1.46B in biobucks for molecular glues with California biotech


Janux’s shares jump 130% as analysts see blockbuster potential in phase 1 T-cell engager data


Minerva again tangled in web of rejection after FDA nixes schizophrenia drug for 2nd time


As part of new focus, Denali reorganizes and sends staff packing


Fierce Biotech Fundraising Tracker '24: Curve rounds up $51M; Frontier closes $80M series C

The Top Line Podcast: Don’t miss out on the newest episode. Listen now.

 

Featured

Viking's GLP-1 spurs steep weight loss, sending shares up 80%

Pass the mead, because Viking Therapeutics has plenty to celebrate after its dual agonist of GLP-1 and GIP was linked to weight loss of up to 14.7% after 13 weeks of treatment, sending the biotech's stock soaring.  
 

Top Stories

Goldilocks and the 'not great, but good enough': Drug development shops offer 'sweet spot' deal alternative

After a hard few years, biopharma is as lean as ever, with pipelines shaved down so companies can stay afloat. But what if you could hand off a potentially promising second-tier asset while still maintaining rights?

Novo Nordisk sticks down $1.46B in biobucks for molecular glues with California biotech

Novo Nordisk is getting sticky, coming together with Neomorph in a new licensing pact worth up to $1.46 billion across multiple molecular glue targets.

Unlocking the Pathway Puzzle: How Biopharma Can Navigate the Clinical Pathways Landscape

The influence of oncology pathways is growing. Here are the challenges and opportunities for biopharma companies in the clinical pathways landscape.

Janux's shares jump 130% as analysts see blockbuster potential in phase 1 T-cell engager data

Janux Therapeutics’ executives aren’t the only ones celebrating positive interim phase 1 data from two tumor-focused candidates, with analysts touting their blockbuster potential and investors doubling the biotech’s share price this morning.

Autoantibodies: On Patrol for Cancer

Revolutionizing Cancer Detection: The Power of Autoantibodies

Minerva again tangled in web of rejection after FDA nixes schizophrenia drug for 2nd time

Minerva's schizophrenia drug has been roundly rejected by the FDA, which said the studies submitted to support an approval did not establish evidence of effectiveness, lacked data and not enough patients were exposed to the proposed dose.

Biotech in 2024: Opportunities, Trends & Challenges

In this exclusive interview, ICON Biotech President Chris Smyth paints a picture of the operating environment facing biotechs in 2024.

As part of new focus, Denali reorganizes and sends staff packing

As Denali Therapeutics narrows in on large molecule biotherapeutics, the company is reorganizing, laying off an undisclosed number of workers and sending some to a new small molecule spin-out.

Fierce Biotech Fundraising Tracker '24: Curve rounds up $51M; Frontier closes $80M series C

Welcome to Fierce Biotech's Fundraising Tracker, 2024's version.

With global expansion planned, Krystal lays out blockbuster ambitions for topical gene therapy

In its first six months of commercial availability, Krystal's topical gene therapy Vyjuvek raked in more than $50 million. Now, the company is looking toward bringing the drug to Europe and Japan and testing a new eye-drop formulation.

Neurologists paint bleak Leqembi launch picture as Alzheimer's drug trips up on a host of challenges

It wasn’t supposed to be like this: Eisai and Biogen’s new Alzheimer’s disease drug Leqembi was supposed to be the chosen one after the flop that was Biogen and Eisai’s Aduhelm, but neurologists are voicing “frustration” at core elements of the therapy’s rollout.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': Breaking down Eli Lilly’s ESG formula

This week on "The Top Line," we explore the impact of environmental, social, and governance measures, commonly known as ESG, on the pharmaceutical industry. Fierce Pharma's Fraiser Kansteiner engages in a conversation with Jim Greffet, Head of ESG Strategy at Eli Lilly, to gain insights and discuss Lilly's specific ESG initiatives.
 

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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