ObsEva shutters, lays off all staff

Today’s Big News

Feb 28, 2024

As historic MDMA decision nears, even J.P. Morgan eyes psychedelic investments


No ongoing sale process at Cytokinetics, CEO says following Novartis acquisition rumors


ObsEva winds down and lays off all staff as money, options run out


Idorsia, weeks from cash-tastrophe, bags $350M upfront from Viatris for 2 late-phase assets


Revolution via resolution: AbbVie pays $48M for OSE's preclinical chronic inflammation drug


Palatin CEO claims 'a positive study on its face,' despite dry eye drug's primary endpoint miss


With cash runways ending this year, Nicox and Longeveron trim staff and narrow focus


Epigenetic silencing lasts long-term in mice, bolstering case for therapeutic use

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

 

Featured

As historic MDMA decision nears, even J.P. Morgan eyes psychedelic investments

With the stage set for the first psychedelic-based therapy to nab FDA approval this year, even J.P. Morgan can't resist the allure of compelling data and wide-open markets.
 

Top Stories

No ongoing sale process at Cytokinetics, CEO says following Novartis acquisition rumors

After being the center of speculation for several months, Cytokinetics’ CEO Robert Blum is putting the kibosh on the rumor that Novartis will be acquiring the biotech.

ObsEva winds down and lays off all staff as money, options run out

With its money and options dwindling, ObsEva has finally decided to wind down operations and lay off all its employees.

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.

Idorsia, weeks from cash-tastrophe, bags $350M upfront from Viatris for 2 late-phase assets

Idorsia has survived a high-wire financing act. Weeks from the end of its cash runway, the biotech has secured $350 million upfront from Viatris in exchange for the global rights to two phase 3 candidates. 

Autoantibodies: On Patrol for Cancer

Revolutionizing Cancer Detection: The Power of Autoantibodies

Revolution via resolution: AbbVie pays $48M for OSE's preclinical chronic inflammation drug

AbbVie is talkin’ bout a resolution. The Big Pharma has bet $48 million on OSE Immunotherapeutics’ antibody platform, handing the biotech the upfront fee and dangling another $665 million in milestones for global rights to a novel approach to chronic inflammation.

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.

Palatin CEO claims 'a positive study on its face,' despite dry eye drug's primary endpoint miss

Palatin Technologies has some changes to make for the upcoming trials of the dry eye disease drug PL9643 after the phase 3 MELODY-1 study failed on the main goal of improving a clinical sign of the disorder.

With cash runways ending this year, Nicox and Longeveron trim staff and narrow focus

Layoffs are in store for employees at both Longeveron and Nicox, although neither company is spelling out how many staff will be affected.

Epigenetic silencing lasts long-term in mice, bolstering case for therapeutic use

Mouse data from a new study sponsored in part by Chroma Medicine suggests that epigenetic gene silencing can suppress the target gene for nearly a year, providing new evidence for the lasting effects of epigenetic therapies.

Ginkgo-a-go-go! Bioworks company forges 3 acquisition deals

The spending spree comes alongside Ginkgo’s unveiling of a new technology network that encompasses a list of offerings from more than 25 of the company’s developer partners and previous acquisitions.

After steep cost cuts, Novavax's fourth-quarter performance falls short of expectations

As Novavax emerges from its “transition year” in 2023, the vaccine maker is still raising concerns among Wall Street investors in early 2024.

FDA issues alert over implant risks of Hologic's breast tissue marker

The FDA put out a safety communication Tuesday warning about the possibility of “serious complications” tied to the use of Hologic’s BioZorb devices.
 
Fierce podcasts

Don’t miss an episode

'Podnosis': Maternal mental health in the spotlight

This week on "Podnosis," Editor-in-Chief Ayla Ellison explores the critical issue of maternal mental health in an interview with Dr. Ken Levey, co-founder and CEO of Mother Goose Health.
 

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.

 

Industry Events

 

Upcoming Fierce Events

11-12
Mar
San Francisco, CA
18-20
Mar
Savannah, GA
6-8
May
Jersey City, NJ
13-15
May
Newport Beach, CA
14-15
May
Newport Beach, CA

View all events