Biotech market still ‘precarious’ despite Big Pharma rebound

Today's Big News

Mar 3, 2023

Sanders urges Sanofi, Novo Nordisk to be like Eli Lilly in reducing insulin prices 


Big Pharma regained ‘mojo’ last year, but biotech valuations remain ‘precarious’: report  


CZI in Chi: Chan Zuckerberg Initiative sets first location for $1B biohub expansion


Veru’s EUA ambitions crash after FDA declines to authorize its COVID treatment 


With 2nd chance at FDA approval, BioMarin preps for hemophilia gene therapy launch in US

 

Featured

Sanders urges Sanofi, Novo Nordisk to be like Eli Lilly in reducing insulin prices

In slashing the cost of its insulin earlier this week by some 70%, Eli Lilly responded quickly to President Joe Biden’s State of the Union appeal to producers of diabetes medicines. But Lilly’s initiative wasn’t enough for relentless pharma industry adversary Sen. Bernie Sanders. In separate letters to the world’s other two premier manufacturers of insulin, Sanofi and Novo Nordisk, Sanders has asked them to also reduce the “outrageous” price of insulin in the United States.
 

Top Stories

Big Pharma regained ‘mojo’ last year, but biotech valuations remain ‘precarious’: report

Anyone looking for a roadmap out of the biotech bear market will take little comfort from Evaluate Vantage’s latest report. While Big Pharma valuations “regained their mojo” towards the end of last year, the outlook remains bleak for smaller-scaled drug developers.

CZI in Chi: Chan Zuckerberg Initiative sets first location for $1B biohub expansion

CZ Biohub Chicago will focus specifically on developing new technologies equipped with sensors and probes that can draw out high-resolution biological information from human tissue at a molecular level.

Veru's EUA ambitions crash after FDA declines to authorize its COVID treatment

Veru won't be receiving a EUA for its COVID treatment after all, the latest in a list of companies that missed the boat of softer regulatory waters. The company says that the FDA recommended that the company conduct a confirmatory trial, instead.

With 2nd chance at FDA approval, BioMarin preps for hemophilia gene therapy launch in US

It's been three years since the FDA rejected BioMarin's Roctivian, but the company hasn't given up. After scoring a European nod last summer, BioMarin is marching toward a March 31 FDA decision date for its hemophilia A gene therapy.

Praxis share price halved after essential tremor fail, but biotech still plans phase 3

Praxis Precision Medicines isn’t letting a midphase fail stand in the way of its plans in essential tremor. While its selective T-type calcium channel blocker failed to beat placebo on the primary endpoint, Praxis zeroed in on secondary measures and post hoc analyses to make the case for further development.

Viz.ai secures Bristol Myers Squibb’s backing for hypertrophic cardiomyopathy-spotting AI

Viz.ai is already an old hand at putting its disease-spotting artificial intelligence algorithms through the FDA review process, having secured the agency’s sign-off for seven of the AI tools to date. But for its next piece of software, the company is bringing in some extra help.

Roche, Exelixis' Tecentriq-Cabometyx pair fails again—this time in kidney cancer

Roche and Exelixis’ combination of Tecentriq and Cabometyx has failed a third time. But to one analyst, the trial flop has a different significance for each drug.

Targeted protein degradation improves cognition and reduces Alzheimer's brain pathology in mouse models

A TPD-based small molecule improved cognition and lowered pathological proteins and inflammatory cytokines in mice with Alzheimer's, suggesting the strategy might be worth pursuing.

'The Top Line': The surprising multibillion-dollar medtech megadeals

This week on "The Top Line," we discuss 2022's M&A trends in the medtech sector and the surprising multibillion-dollar megadeals. We also cover the top headlines from this week.
 
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'The Top Line': Surprising multibillion-dollar medtech M&A deals

This week on "The Top Line," we discuss 2022's M&A trends in the medtech sector and the surprising multibillion-dollar megadeals. We also cover the top headlines from this week.

 

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Planning on using a CRO to support your next clinical study? This infographic outlines critical areas to address at the start of the relationship in order to ensure that budget and timelines keep on track for the duration of the trial.
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Supply Services to Support Clinical Trials in Japan & Beyond

Explore Catalent’s newest clinical supply facility in Japan, including the comprehensive services & solutions it offers to help support trials both in-country & around the world.
 

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