Biopharma VC spend slipped in 2023

Today’s Big News

Mar 5, 2024

After tough rightsizing, Biogen looks to newer rare diseases to broaden lens


2nd win for Alnylam RNAi blood pressure med strengthens Roche's $2.8B biobucks bet


Biopharma VC activity slipped last year—but 'buoyant' molecular glue market holds hope: PitchBook


Meissa Vaccines’ future in limbo due to current fundraising climate: CEO 


ARPA-H behind on efforts to prevent duplicative research, GAO says

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

 

Featured

After tough rightsizing, Biogen looks to newer rare diseases to broaden lens

Biogen's executive vice president and head of corporate development, Adam Keeney, Ph.D., says the company is interested in tacking on additional rare disease drugs at a smaller price than the Reata acquisition. The focus is now on clinical-stage products compared to buying commercial medicines.
 

Top Stories

2nd win for Alnylam RNAi blood pressure med strengthens Roche's $2.8B biobucks bet

In further proof that Roche’s $310 million metabolic therapy bet will pay off, the Big Pharma’s Alnylam-partnered hypertension drug has notched up another phase 2 win.

Biopharma VC activity slipped last year—but 'buoyant' molecular glue market holds hope: PitchBook

Venture capital investment in biopharma underwent a significant correction in 2023 from the "explosive growth" during the pandemic, with $29.9 billion spent across 920 transactions compared to $36.7 billion in the previous year, according to a new analysis from PitchBook.

How CDMO Wacker Biotech is inspiring innovation in mRNA therapeutics

Sitting down with Guido Seidel, Managing Director of Wacker Biotech, we explore some of the key challenges, opportunities and innovations for pharmaceutical companies to consider in mRNA manufacturing.

Meissa Vaccines’ future in limbo due to current fundraising climate: CEO

Meissa Vaccines is putting its portfolio on hold and laying off staff due to the current fundraising environment, the company told Fierce Biotech.

NYC's Bold Move: Life Sciences Take Center Stage

Ready to shape the future of life sciences? Discover how NYC's strategic investments are driving change.

ARPA-H behind on efforts to prevent duplicative research, GAO says

The Department of Health and Human Services’ new biomedical research arm, the Advanced Research Projects Agency for Health, is behind on finalizing a plan to avoid unnecessary research duplication with other government health agencies, despite already awarding funds.

A new chapter for biotech: Confidence returns to the market

ICON Biotech survey shows that although challenges remain, optimism returns to strategically savvy biotech innovators

As Medicare price negotiations roll on, drugmakers counter HHS' initial offers

With the counteroffers, the IRA-mandated negotiations period has begun and will continue through August.

Bayer CEO launches ‘full-scale effort’ to rejuvenate pharma pipeline, tables split-up but warns not never

Bill Anderson, nine months into Bayer’s CEO role, has laid out his priorities for the troubled German conglomerate in the next few years—and it doesn’t involve an immediate business split-up as many investors had hoped for.

Medtronic gets FDA green light for upgraded bone tumor ablation system

The OsteoCool 2.0 system delivers radiofrequency ablation to treat bone tumors, including cancer metastases as well as benign lesions such as osteoid osteomas.

Catawba expands leadership team with new VP of global business development

North Carolina-based Catawba Research has named Syed Faridi as its new vice president of global business development, marking an expansion of the CRO's leadership team.

Change's temporary funding program 'not even a Band-Aid,' AHA president says, as White House reportedly mulls financial relief

Provider groups have come out swinging amid the fallout from the Change Healthcare cyberattack, which happened nearly two weeks ago. From the American Hospital Association to the American Medical Association, groups are pressuring the federal government and UnitedHealth Group to take more action to preserve access to care.
 
Fierce podcasts

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CAR-T boxed warnings: What comes next?

The FDA recently asked the six marketed CAR-T therapies to add a new boxed warning item on their labels to reflect the risk of secondary T-cell cancers. This week on "The Top Line," Fierce Pharma’s Angus Liu talks with regulatory experts to understand the rationale behind the FDA’s decision and to discuss its implications for CAR-T candidates and their developers down the line.
 

Resources

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.

 

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