‘Greedy Gilead’ feels the heat in Miami

Today’s Big News

Mar 14, 2024

AstraZeneca inks $800M buyout of French biotech to snag phase 3 rare disease drug


Biotech trade group pledges support for BIOSECURE Act, plans to boot member WuXi AppTec


AIDS advocates welcome 'greedy Gilead' to Miami with protests


Digital diabetes app maker Better Therapeutics shutters operations, lays off staff


NICE not sold on Vertex, CRISPR's groundbreaking sickle cell gene therapy Casgevy without more data

 

Featured

AstraZeneca inks $800M buyout of French biotech to snag phase 3 rare disease drug

AstraZeneca is paying $800 million to expand into rare endocrinology, snagging itself a phase 3 candidate through the acquisition of French biotech Amolyt Pharma. The deal features $250 million in milestones tied to a regulatory event.
 

Top Stories

Biotech trade group pledges support for BIOSECURE Act, plans to boot member WuXi AppTec

As CDMO giants Wuxi AppTec and WuXi Biologics come under mounting scrutiny for their alleged ties to Chinese government officials, they are losing a key ally in Washington, D.C.

AIDS advocates welcome 'greedy Gilead' to Miami with protests

AIDS advocates have been bringing the heat to Gilead Sciences on its trip to investor conferences in Miami. The AIDS Healthcare Foundation used the trip as a chance to re-up an attack on “greedy Gilead,” sending its advocates to protest outside two hotels hosting the events.

Digital diabetes app maker Better Therapeutics shutters operations, lays off staff

Better Therapeutics had previously laid off a third of its workers and instituted company-wide pay cuts as it sought reimbursements and revenue for its AspyreRx cognitive behavioral therapy app for Type 2 diabetes.

NICE not sold on Vertex, CRISPR's groundbreaking sickle cell gene therapy Casgevy without more data

In its draft guidance, the U.K.'s cost effectiveness watchdog recognized the need for the sickle cell therapy but needs more data from Vertex on its effectiveness in an updated managed access proposal.

Genmab grows up: Celebrating 25 years, CEO prepares to wield 'pretty good buying power'

Genmab, coming off one of its most successful years since its inception, is transitioning to a fully integrated pharma company. The antibody maker has seen revenue quadruple since 2019.

Exact, Guardant tout successes of next-gen colorectal cancer screeners

The latest issue of the New England Journal of Medicine featured a duet of expansive studies from Guardant Health and Exact Sciences, examining their upcoming tests that aim to increase screening rates and catch earlier cases of colorectal cancer.

Astellas puts the cork back in $350M Xork deal after Cartesian-Selecta merger

Astellas is ending a partnership with Cartesian and its preclinical asset, Xork. The Japanese pharma licensed the asset in January 2023, back when it was being developed by Selecta Biosciences.

Coherus again axes staff, with 30% of roles on chopping block amid 'sharpened focus' on cancer drugs

About a year after launching a prior round of layoffs, Coherus BioSciences is again reducing its head count, this time by 30%.

German biotech Tubulis rides wave of ADC interest to $138M financing round

The antibody-drug conjugate craze shows no signs of slowing down any time soon, judging by Tubulis’ latest financing.
 
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