AZ pledges £650M for UK expansion

Today’s Big News

Mar 6, 2024

Alumis closes $259M series C in year's largest private biotech fundraise yet


FDA clears first over-the-counter wearable glucose tracker, with Dexcom’s Stelo


AstraZeneca pledges £650M in UK investments to boost vaccine capabilities, expand near HQ


Gilead tries new triple-target T-cell engagers in $1.5B-plus Merus collab


Sumitomo Pharma, suffering from sliding sales, lays off another 400 US staffers


Eisai to drop up to $15M on C2N Diagnostics to boost the reach of Alzheimer’s disease blood tests

 

Featured

Alumis closes $259M series C in year's largest private biotech fundraise yet

Alumis has reeled in an eye-watering $259 million series C, financing that will support a pipeline of oral therapies designed to tackle immune dysfunction and help launch a phase 3 psoriasis trial for lead asset ESK-001.
 

Top Stories

FDA clears first over-the-counter wearable glucose tracker, with Dexcom's Stelo

The agency’s green light allows adults 18 years and older who are not taking any insulin therapies to purchase the system without a prescription—a group that includes about 25 million people living with Type 2 diabetes in the U.S., according to the company.

AstraZeneca pledges £650M in UK investments to boost vaccine capabilities, expand near HQ

AstraZeneca CEO Pascal Soriot, who has been critical of the U.K.’s business environment for the life sciences industry, is directing £650 million into the Big Pharma’s home country.

Gilead tries new triple-target T-cell engagers in $1.5B-plus Merus collab

Gilead and Merus are linking up in a new research and licensing deal for the latter's trispecific T-cell engages. Gilead is handing over $56 million in upfront cash plus a $25 million equity investment to jumpstart the deal.

Sumitomo Pharma, suffering from sliding sales, lays off another 400 US staffers

The company, which makes Myfembree, Gemtesa and Orgovyx, previously let go of 500 staffers last summer.

Eisai to drop up to $15M on C2N Diagnostics to boost the reach of Alzheimer's disease blood tests

The drugmaker has re-upped ties with the former Fierce 15 winner, whose Precivity blood tests detect tau and beta amyloid proteins in the bloodstream.

AbbVie leads DTC spend once again as overall spending drops like a stone in February

In February's top 10 pharma ad spending list, AbbVie claimed both the first and second spots, a trend it has maintained for much of the past 12 months, although the positions of its drugs were reversed.

WHO flags increasing resistance to GSK's HIV med Tivicay in some countries

The World Health Organization (WHO)'s latest HIV Drug Resistance report showed that some patients are developing resistance to Tivicay, which has been recommended as a preferred treatment since 2018.

Merck-Gilead's weekly HIV combo maintains viral suppression, but it's early days for primary endpoint

Early results show that a weekly combination of Merck’s islatravir and Gilead’s approved HIV med Sunlenca maintained a high rate of viral suppression in patients with HIV, but just one patient so far has met the primary endpoint that measured viral load.

Merz adds another star to its galaxy of Xeomin partners, tapping Demi Lovato to push Botox rival

Merz Aesthetics has enlisted another celebrity to tackle the skyscraper-sized challenge of muscling in on the anti-wrinkle market. The actor and musician Demi Lovato is the latest star to partner with Merz on the multiyear “Beauty on Your Terms” campaign the drugmaker is running in support of Xeomin.

Abbott real-world studies show CGM use can help boost GLP-1 success in Type 2 diabetes

An analysis of real-world data by Abbott showed that the rise of GLP-1 medicines doesn’t necessarily have to take a major bite out of medtech sales, as combining the injections for diabetes and weight loss with continuous glucose monitors can help further improve blood sugar control.

Growing Almac boosts capacity for manufacturing peptides and packaging commercial products

In its continuing expansion blitz, Almac has completed new facilities at its headquarters in Craigavon, Northern Ireland, which will expand the capacity of the CDMO to package commercial products and to manufacture peptides.
 
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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