Bruised Pear eyes last-ditch sale

Today's Big News

Mar 17, 2023

Amgen cuts 450 workers, cites drug pricing pressure and inflation


ARPA-H is open for business to provide lifeline for a struggling biotech industry


Pear market: Digital therapeutics maker eyeing a sale in last-ditch money-saving move after layoffs, stock sale


Sanofi answers the call, joining Eli Lilly, Novo Nordisk in cutting insulin prices


FDA shocks Sarepta, ordering AdComm for DMD gene therapy in sudden change of heart


iRhythm COO steps down as $30M ‘business transformation’ plan kicks in

 

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Amgen cuts 450 workers, cites drug pricing pressure and inflation

After a late January round of layoffs affecting 300, Amgen axed another 450 jobs citing drug pressure and inflation. The cuts come after an investor lawsuit alleging the company hid a massive $10.7 billion tax bill from its investors.
 

Top Stories

ARPA-H is 'open for business' to provide lifeline for a struggling biotech industry

A year after ARPA-H was unveiled, the agency is finally set to take off. But a critical question remains unanswered: What research will the agency invest in?

Pear market: Digital therapeutics maker eyeing a sale in last-ditch money-saving move after layoffs, stock sale

Health tech investors and companies shopping for a new M&A target this year may want to check out the produce section.

Sanofi answers the call, joining Eli Lilly, Novo Nordisk in cutting insulin prices

In a span of less than three weeks, Eli Lilly, Novo Nordisk and Sanofi have announced price cuts of their insulins in the U.S. Sanofi was the latest to fall in line, saying Thursday that it would slash the price of its most popular insulin, Lantus, by 78% and capping the out-of-pocket cost at $35 per month for all patients with commercial insurance.

FDA shocks Sarepta, ordering AdComm for DMD gene therapy in sudden change of heart

A sudden change of heart at the FDA has sunk Sarepta’s stock. Two weeks after saying the FDA would assess its gene therapy without an advisory committee meeting, Sarepta has revealed the agency will now convene experts to dig into the data on its Duchenne muscular dystrophy (DMD) submission.

iRhythm COO steps down as $30M ‘business transformation’ plan kicks in

Heart monitor maker iRhythm is marching to a new beat.

Cash-strapped Acer sees menopause drug flunk phase 2 trial

Acer Therapeutics’ ambitions for menopause drug osanetant have hit a roadblock after the candidate failed to reduce hot flashes in a mid-stage trial, missing the primary endpoint. The news comes at a bad time as the biotech hunts for cash to keep operations going.

Astellas, Pfizer look to broaden Xtandi’s patient base with new prostate cancer win after 8 years

Astellas and Pfizer's Xtandi has been selling for over a decade, and the blockbuster androgen receptor inhibitor is still learning a new trick.

Gossamer pauses enrollment of lymphoma med, citing risk-benefit profile

Gossamer bio took a few steps forward in December when a high blood pressure med passed a phase 2 trial. But now, the biotech is taking a couple of steps back with news that enrollment is being paused for its second clinical-stage asset due in part to the med’s risk-benefit profile.
 
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'The Top Line’: The SVB failure, plus this week’s headlines

This week on "The Top Line," we discuss the SVB failure, what to expect next and what it all meant for the biotech industry. We also cover Pfizer's big acquisition, insulin prices and more of this week's top headlines.

 

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