Plus our top stories of the week

This Week

Mar 1, 2024

UPDATE: J&J to shut down massive Bay Area R&D facility less than 18 months after opening it


Perrigo plots hundreds of job cuts as it embarks on restructuring initiative


SPECIAL REPORT—Biotech's top money raisers of 2023 


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


Know Labs finalizes noninvasive glucose sensor design, sets sights on FDA pivotal trial


Ginkgo-a-go-go! Bioworks company forges trio of acquisition deals 


To BioMarin CEO Alexander Hardy, hemophilia A gene therapy Roctavian needs 3 stars to align 

 

Featured

UPDATE: J&J to shut down massive Bay Area R&D facility less than 18 months after opening it

Johnson & Johnson is closing a nearly 200,000 square-foot R&D outpost in Brisbane, California, less than 18 months after it opened, according to multiple sources familiar with the decision.
 

Top Stories

Perrigo plots hundreds of job cuts as it embarks on restructuring initiative

As part of a cost-cutting and restructuring initiative dubbed "Project Energize," Perrigo expects to trim roughly 6% of its total staff, the company said in a fourth-quarter earnings release Tuesday. Perrigo currently employs around 9,000 staffers, according to its website, meaning nearly 550 employees could lose their jobs as part of the corporate overhaul.

Biotech's top money raisers of 2023

While there wasn't another $3 billion private financing in 2023, it doesn't mean there wasn't plenty of money flowing.

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 spinout.

After long road to approval, Teva and Alvotech believe their Humira biosimilar Simlandi may have an edge

Teva and Alvotech have braved a long and winding road on the quest to win approval for their biosimilar to AbbVie’s Humira. Now, after multiple manufacturing setbacks, the partners have finally scored their inaugural regulatory nod in the U.S.

Know Labs finalizes noninvasive glucose sensor design, sets sights on FDA pivotal trial

In the wake of a recent reminder from the FDA that it still has yet to OK any noninvasive devices to measure blood sugar, Know Labs is ramping up its efforts to change that.

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.

To BioMarin CEO Alexander Hardy, hemophilia A gene therapy Roctavian needs 3 stars to align

Even Alexander Hardy, the former Genentech leader who managed the blockbuster hemophilia drug Hemlibra, can’t immediately bend the laggard launch trajectory of BioMarin’s gene therapy Roctavian.

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.

Venatorx, Melinta's BARDA-funded antibiotic combo falls short with manufacturing-related rejection

As the World Health Organization and others pine for new innovation in antibiotics, a combination option from Venatorx Pharmaceuticals and Melinta Therapeutics won't be able to help out the cause anytime soon as manufacturing issues have led to an FDA rejection.

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.
 
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

Industry Insights: The Evolution of the Manufacturer & Specialty Distributor Relationship

Amidst rapid change, it is crucial for specialty distributors to maintain a balance of service and quality for manufacturers, ensuring neither is sacrificed. Explore why this balance is paramount for success in the evolving landscape of pharma.
Whitepaper

CNS Market Outlook, 2024

This paper assesses the current state of the broad CNS market, reviewing key expectations for 2024. It addresses Alzheimer’s disease, biomarkers, and advances in psychiatry in detail. It also provides a high-level look at the pain market and the evolving regulatory environment.

Whitepaper

Share of Influence is the New Share of Voice

Supercharge Your Field Deployment in 2024 with Engaging, Clinically-Oriented and Influential FRMs, MSLs, NAMs and CNEs.
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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