J&J abandons Genmab deal on blood cancer candidate

Today’s Big News

Mar 10, 2025

By exercising long-held stock options, BioNTech CEO scored €260M payday in 2024


Novo Nordisk links CagriSema to 16% weight loss, sending stock down again


J&J opts out of licensing Genmab’s Darzalex challenger after look at phase 1/2 data


Roche overhauls Spark gene therapy unit, recording $2.4B in full impairment


On the heels of FDA nod for cancer drug, Sun Pharma buys Checkpoint Therapeutics for up to $416M

 

Featured

By exercising long-held stock options, BioNTech CEO scored €260M payday in 2024

In exercising some of his stock options in 2024, BioNTech CEO Uğur Şahin, M.D., scored a whopping 259.5 million euros in calculated compensation, the company said in its annual report.
 

Top Stories

Novo Nordisk links CagriSema to 16% weight loss, sending stock down again

Novo Nordisk’s vision of 25%-plus weight loss is looking further and further away. Three months after missing that target in its first phase 3 CagriSema trial, the Danish drugmaker has fallen even further short of that bar in the second study.

J&J opts out of licensing Genmab's Darzalex challenger after look at phase 1/2 data

Johnson & Johnson is dropping a partnership with Genmab centered around a CD38 monoclonal antibody, prompting the latter company to discontinue development of the program.

Roche overhauls Spark gene therapy unit, recording $2.4B in full impairment

Roche has recently launched a “fundamental reorganization” of Spark Therapeutics, the gene therapy unit that the Swiss pharma bought for $4.3 billion in 2019.

On the heels of FDA nod for cancer drug, Sun Pharma buys Checkpoint Therapeutics for up to $416M

Three months after an FDA approval for cancer immunotherapy Unloxcyt, Checkpoint Therapeutics has found a buyer.

Novo Nordisk invites people with Type 2 diabetes into their ‘Ozempic Eras’ in star-studded campaign

Novo Nordisk is rolling out a new national marketing campaign for its GLP-1 juggernaut, teaming up with celebrities and other patients to show what life looks like in their “Ozempic Eras.”

With $200M in seed funding, Flagship-backed Lila Sciences touts ambitious AI vision

Biotech incubator Flagship Pioneering has uncorked its latest company. Lila Sciences is looking to use $200 million in seed funding to develop advanced artificial intelligence that can power fully autonomous research labs.

Starboard CEO gets seat on Kenvue's board as activist investor inks 'cooperation agreement' with consumer giant

Activist investor Starboard Value proposed four additions to Kenvue's board last month in an effort to unlock "trapped potential" at the consumer health giant.

Beam gene therapy for protein deficiency passes early safety test, sets efficacy bar in space: analyst

Boston biotech Beam Therapeutics has announced initial data from a phase 1/2 trial of its gene therapy for a genetic lung and liver disease, with no serious adverse events reported among the nine patients dosed so far.

Incyte's mixed Opzelura data in prurigo nodularis add uncertainty to potential approval bid: analysts

Incyte's Opzelura was successful in just one of two parallel phase 3 trials assessing the JAK inhibitor in the skin condition prurigo nodularis.

Dexcom receives FDA warning letter over CGM manufacturing issues

Dexcom has received a warning letter from the FDA, following two inspections of the diabetes tech company's facilities last year.

Neurotech nabs FDA approval to treat rare eye disorder with cell therapy implant Encelto

The FDA last week approved Neurotech’s cell therapy implant revakinagene taroretcel to treat the vision-robbing neurodegenerative disease macular telangiectasia type 2. The therapy, which will adopt the brand name Encelto, is the first to win the FDA’s blessing in the rare vision disorder.

Immunocore T-cell engager clears safety hurdle, reduces HIV reservoir in some patients

Immunocore’s big swing for a functional HIV cure has cleared its first hurdle. No serious adverse events were tied to the British biotech’s bispecific T-cell engager in a phase 1/2 trial, and the investigational treatment also reduced virus levels in the blood of three patients living with HIV.

Amgen ignites Rocket program with phase 3 wins for $400M eczema prospect

The data drops provide more evidence that rocatinlimab improves outcomes in atopic dermatitis, but questions about the positioning of the anti-OX40 antibody versus Sanofi and Regeneron’s Dupixent remain unanswered.

GSK, Novartis, Lilly among Big Pharmas celebrating International Women’s Day 2025

Every year, amid Women’s History Month, March 8 marks International Women’s Day—a day dedicated to both honoring past efforts and drumming up greater awareness and support for the ongoing movement toward gender equality.

Trial results enhance Bristol Myers' bid for Sotyktu in psoriatic arthritis

At the American Academy of Dermatology's annual meeting this weekend, Bristol Myers Squibb revealed promising data from one of two successful late-stage trials of Sotyktu in psoriatic arthritis. The company added that will unveil results of the other trial by the end of this year.
 
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'The Top Line': A look at biotech's biggest money raisers of 2024

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