BIO to boot WuXi AppTec

Today’s Big News

Mar 14, 2024

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


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


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


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


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


Spruce's stock crashes as biotech lays off 5th of staff in wake of phase 2 hyperplasia fail


Phase 2 fail sends OcuTerra's eye drop dreams down the drain


New protease inhibitor outperforms Paxlovid in protecting lungs of mice with COVID

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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

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.

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.

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.

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.

Spruce's stock crashes as biotech lays off 5th of staff in wake of phase 2 hyperplasia fail

Spruce Biosciences' stock has shed three-quarters of its value in the wake of the failure of a phase 2 trial for the biotech's only drug candidate.

Phase 2 fail sends OcuTerra's eye drop dreams down the drain

OcuTerra Therapeutics’ investigational eye drops failed to improve disease severity or progression in a phase 2 diabetic retinopathy trial, prompting the Boston-based biotech to look at strategic alternatives.

New protease inhibitor outperforms Paxlovid in protecting lungs of mice with COVID

A new oral drug developed by Stanford University researchers may be superior to Pfizer’s Paxlovid at reducing the severity COVID-19, at least in mice.

Fierce Biotech Layoff Tracker 2024: 190 Takeda workers to lose jobs; Spruce slims down

We really didn't want to have to create another Layoff Tracker this year. But here we are, launching the third annual iteration tracking biopharma layoffs. 

TFS HealthScience hops into Australia to expand APAC operations

TFS HealthScience is growing Down Under, setting up a new operational base in Melbourne, Australia—the CRO's first official location in the Asia Pacific (APAC) region. 

FDA flags early deaths in CAR-T myeloma trials for J&J and Legend’s Carvykti, Bristol Myers’ Abecma

Ahead of an important advisory committee meeting, the FDA has raised concerns about early trial deaths for multiple myeloma cell therapies. At the meeting, experts will discuss applications that aim to move the CAR-T therapies Carvykti and Abecma into earlier lines of treatment.
 
Fierce podcasts

Don’t miss an episode

'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

Whitepaper

Pediatric Clinical Trials: Considerations for Enrollment and Retention

Explore the nuanced approaches necessary for successful pediatric drug development.
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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