Flamingo folds Dynacure under wing

Today's Big News

Mar 2, 2023

FDA advisers support efficacy and safety of GSK's RSV vaccine with more confidence than Pfizer rival


MorphoSys, once a discovery powerhouse, exits preclinical R&D, lays off staff to focus cash on clinic


G1 sheds staff while Sorrento WARNs of cuts amid torrential downpour of industry layoffs


Flamingo folds Dynacure into its flamboyance to wade through biotech markets together


Novo Nordisk recruits new staff, lays off others as US R&D consolidated in Boston


Confo hands baton to Lilly for non-opioid pain med development in $40M upfront deal


Inovio's endpoint switcheroo backfires as phase 3 misses on new measure, hits on old

 

Featured

FDA advisers support efficacy and safety of GSK's RSV vaccine with more confidence than Pfizer rival

FDA advisers endorsed the safety and efficacy of GSK's respiratory syncytial virus vaccine in older adults. But advisers expressed concerns with some safety signals and the lack of long-term data.
 

Top Stories

MorphoSys, once a discovery powerhouse, exits preclinical R&D, lays off staff to focus cash on clinic

MorphoSys’ preclinical team has paid the price for its commercial failures. The biotech, once an engine of innovation for Big Pharma, is stopping all preclinical work and laying off 17% of its staff to throw all its resources behind mid- to late-stage oncology programs.

G1 sheds staff while Sorrento WARNs of cuts amid torrential downpour of industry layoffs

The incessant pace of biotech layoffs continues unabated, with G1 Therapeutics disclosing significant cuts to its staff and Sorrento filing a notice that more than 500 jobs could be on the line. 

Talent, Training and Scientific Infrastructure. All in NC.

Growth in North Carolina’s life sciences has outpaced most U.S. life sciences hubs. Top talent, infrastructure, and business-friendly climate are why companies are choosing the Tar Heel state.

Flamingo folds Dynacure into its flamboyance to wade through biotech markets together

Flamingo Therapeutics is standing on one leg no more, as Dynacure folds into the biotech in a merger agreement that will see the combined company work on RNA-targeted oncology therapies.

Novo Nordisk recruits new staff, lays off others as US R&D consolidated in Boston

In another sign that Boston continues to wear the U.S. biotech crown, Novo Nordisk will expand its R&D presence in the area at the expense of its Indianapolis and Seattle facilities.

Confo hands baton to Lilly for non-opioid pain med development in $40M upfront deal

Eli Lilly will take the baton on developing a peripheral pain candidate from Confo Therapeutics, handing off $40 million upfront and a potential $590 million total down the track if all goes well.

Inovio's endpoint switcheroo backfires as phase 3 misses on new measure, hits on old

Inovio’s attempt to make its phase 3 trial better ended up making it worse. Eleven months after changing the primary endpoint of its late-phase cervical dysplasia study, the DNA medicine specialist has revealed the study failed against the new measure—but hit the mark on the old endpoint.

A duo of deals sees Avenue secure rare disease med while Allist lands cancer drug

Two biotechs are shoring up their pipelines and commercial aspirations, tacking on a clinical-stage rare disease and preclinical cancer med, respectively. 

Eli Lilly slashes insulin prices by 70%, caps out-of-pocket costs in major access overhaul

After last year’s “Free Insulin” Twitter debacle prompted Eli Lilly to do some soul searching over the cost of its insulin in the U.S., the Indianapolis-based company has come back from the drawing board with a major discount in hand.

Bigfoot Biomedical expands footprint of connected diabetes system with FDA nod for Android app

Bigfoot Biomedical is aiming to leave even bigger tracks across the diabetes management tech landscape.

Merck KGaA, Haleon warn of more inflation challenges in 2023

While 2022 was a doozy for many in the biopharma industry, 2023 isn’t looking any easier, forcing drugmakers to adapt to enduring challenges including inflation, COVID-19 and the war in Ukraine.

Clario and startup ArtiQ partner to improve use of data in respiratory trials

Health tech firm Clario is linking with tech start-up ArtiQ with the aim of leveraging AI for improved patient benefits and solidifying the certainty of data collection in respiratory trials that require spirometry data.

Roche sues Biogen over royalties related to multiple sclerosis drug Tysabri

In 2018, Roche's patents protecting a method for manufacturing antibodies finally expired. But the company is still trying to collect the last bit of royalties that it believes are due. Tuesday, Roche filed suit against Biogen, claiming that it is owed royalties on sales of Biogen’s multiple sclerosis blockbuster Tysabri.
 
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A Strategy to Standardize Process Characterization & Late Phase Development

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