J&J's Reed cashes $20M+ pay for 1st year

Today’s Big News

Mar 13, 2024

With 1st MASH drug due for FDA nod, Ionis says me too with phase 2 data


After crunching 70k 'trip reports', Mindstate looks to test first AI-derived psychedelic on humans


J&J's John Reed takes home $20M-plus payday in his first year helming pharma R&D team  


Sanofi shutting down R&D site at UK biotech hub, displacing 90 workers


Geron faces uphill battle at FDA meeting as agency questions benefit-risk profile of imetelstat


Novartis hits the cGAS, taking option to buy IFM unit for $90M upfront


Mallinckrodt, Silence collab to go quiet, but a phase 2 cardiovascular win speaks loudly for the biotech


As Crinetics nears FDA run for growth disease drug, a phase 2 test makes the case for carcinoid syndrome, too


Almirall signs yes-nonsense skin disease deal with Eloxx for $3M upfront

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Featured

With first MASH drug due for FDA nod, Ionis says me too with phase 2 data

With the FDA due to announce the approval of the first drug for metabolic dysfunction-associated steatohepatitis (MASH), Ionis Pharmaceuticals is raising its hand to showcase a phase 2 asset that has improved symptoms of the liver disease.
 

Top Stories

After crunching 70k 'trip reports', Mindstate looks to test first AI-derived psychedelic on humans

Mindstate Design Labs' lead AI-derived psychedelic is headed for the clinic after the biotech filed an IND with the FDA. The former Y Combinator company is still chugging off an $11.5 million seed round but is now considering next financing plans.

J&J's John Reed takes home $20M-plus payday in his first year helming pharma R&D team

In 2022, the highest-paid R&D executive made $12.2 million. John Reed, M.D., Ph.D., of Johnson & Johnson is telling the rest of the field to hold his beaker. 

Sanofi shutting down R&D site at UK biotech hub, displacing 90 workers

Sanofi will be closing the doors to a U.K. research facility, a move that will impact around 90 people, a spokesperson told Fierce Biotech.

Geron faces uphill battle at FDA meeting as agency questions benefit-risk profile of imetelstat

With 99% of patients experiencing an adverse event, the FDA is skeptical that the risks associated with Geron’s myelodysplastic syndromes medicine imetelstat outweigh the potential benefit of treatment, particularly in patients with lower-risk cases of the blood cancer.

Novartis hits the cGAS, taking option to buy IFM unit for $90M upfront

Novartis is stepping on the cGAS. Three years after securing an option on an IFM Therapeutics subsidiary, the Swiss drugmaker has pulled the trigger on the deal and paid $90 million upfront for small molecules that inhibit the cGAS-STING pathway.

Mallinckrodt, Silence collab to go quiet, but a phase 2 cardiovascular win speaks loudly for the biotech

Silence Therapeutics used its full-year earnings results this morning to unveil a phase 2 win—but also the loss of one of its partnerships.

As Crinetics nears FDA run for growth disease drug, a phase 2 test makes the case for carcinoid syndrome, too

As Crinetics prepares to make a tilt for FDA approval in a rare growth disorder later this year, a topline readout from a phase 2 study suggests the same drug also has potential to treat symptoms associated with a neuroendocrine tumor.

Almirall signs yes-nonsense skin disease deal with Eloxx for $3M upfront

Almirall is handing over $3 million for Eloxx Pharmaceuticals’ molecule aimed at a pair of rare skin diseases and potentially more just before the drug enters the clinic.

Takeda winds down manufacturing and R&D operations in Austria after gene therapy pivot, plots 190 layoffs

After Takeda’s unsuccessful attempt to sell an Austrian manufacturing and development site, the Japan-based company is calling it quits on much of the operations at the facility. Nearly 200 employees are set to lose their jobs as part of the move.

Fortrea sells pair of businesses to private equity firm to become 'pure-play' CRO

Fortrea is offloading its Endpoint Clinical and Fortrea Patient Access businesses to Arsenal Capital Partners, a private equity firm, for up to $345 million.

In conversation with Medtronic's Frank Chan, head of its off-again, on-again acute care and monitoring division

Once slated to either strike out on their own or be the subject of a potential sale, Medtronic’s patient monitoring and respiratory intervention divisions will see new life after merging into a single multibillion-dollar arm dubbed Acute Care and Monitoring. Fierce Medtech spoke with the unit's president, Frank Chan, about where the division is headed.

HIMSS24: 'Fasten your seatbelts'—Hackensack Meridian CEO predicts acceleration of gen AI to help healthcare workforce

How will the conversations about AI in healthcare change by next year's HIMSS conference? Hackensack Meridian CEO Robert Garrett predicts that pilot projects underway now will roll out into practice.
 
Fierce podcasts

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'The Top Line': Fierce Medtech's Fierce 15

In this week's episode of "The Top Line," join Conor Hale, Senior Editor of Fierce Medtech, and Andrea Park, Deputy Editor of Fierce Life Sciences, as they share the highlights of this year's Fierce Medtech Fierce 15. 
 

Resources

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