PerkinElmer wraps up $2.45B spinoff

This Week

Mar 17, 2023
 

Featured

UPDATE: SVB failure triggers shock waves across biotech industry

Silicon Valley Bank’s capital raise of $2 billion has sent shock waves across the biotech industry and spurred a panic among some top venture capital firms that are urging their companies to withdraw deposits.
 

Top Stories

Ozempic takes center stage at the Oscars, but perhaps not in the way Novo Nordisk might have wanted

Last year, it was a slap that shook the Oscars. This year, it’s a jab: a “skinny jab,” to be exact, as Ozempic gets its name in lights.

The top 10 drugs losing US exclusivity in 2023

The Fierce Pharma team didn't want AbbVie's Humira to have the entire patent-cliff spotlight this year, so we're presenting this special report on the top U.S. losses of exclusivity in 2023. Besides Humira, drugs from J&J, AstraZeneca and more make the list.

The delisting dilemma: Why do so many biotechs face being kicked off the Nasdaq?

The latest fear stalking biotech boardrooms isn’t a trial fail or an underwhelming funding haul, it’s the postman delivering a letter from Nasdaq warning that the company’s stock faces being delisted from the stock exchange.

PerkinElmer completes $2.45B spinoff to create new diagnostics, life sciences company

Right on schedule, PerkinElmer has completed the split it announced last August, selling off its applied science, food and enterprise services businesses to private equity firm New Mountain Capital and combining the remaining life sciences and diagnostics businesses into a new, standalone company.

'The Top Line': What the Silicon Valley Bank failure means for global markets and biotech, plus this week's headlines

This week on "The Top Line," we discuss the SBV 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.

With $43B buyout, Pfizer sees cancer specialist Seagen as a 'goose' laying 'golden eggs'

Scoring two of the three largest M&A deals in biopharma last year was just an appetizer for Pfizer. On Monday, the industry giant sat down to the main course, gobbling up Seattle cancer specialist Seagen for $43 billion. It is the largest acquisition in biopharma since June of 2019, when AbbVie acquired Allergan for $63 billion.

GSK's $100M ADC bet in doubt after fatality in first trial of Mersana's cancer therapy

An antibody-drug conjugate that GSK paid $100 million to license from Mersana Therapeutics has been slapped with a clinical hold after a patient died in the therapy’s first trial.

Chasing Pfizer, GSK's 5-in-1 meningococcal vaccine delivers phase 3 trial win

GSK's combination MenABCWY vaccine has been in the works for years, but always running slightly behind Pfizer's rival shot. Now, in a phase 3 trial, the GSK shot proved itself against GSK's approved meningitis vaccines Bexsero and Menveo.

A 'magic whistle': Hands-free version of COPD breath tech improves airflow, study finds

A study published in the journal Respiratory Care this month found that University of Cincinnati startup PEP Buddy’s eponymous device significantly improved COPD patients’ breathlessness caused by physical activity.

AbbVie's Humira, 5 Pfizer drugs among those with price hikes that exceeded inflation rate

Pfizer is the runaway winner of the United States’ first quarterly Who Can Raise Prices Higher Than the Rate of Inflation contest. Among 27 medicines whose price hikes exceeded the rate of inflation in the fourth quarter of 2022, Pfizer had five, which was three more than any other company. The list was released by the White House on Wednesday.

Heart tissue on a chip is headed back up to the International Space Station

Projects by teams from Stanford University and Johns Hopkins University will be part of the payload March 14 on SpaceX CRX-27, a resupply mission to the International Space Station. The researchers hope to leverage aging effects of microgravity on heart muscle cells to ultimately help identify new treatments for cardiovascular disease.

Illumina facing proxy battle led by activist investor Carl Icahn over Grail acquisition: WSJ

Illumina is reportedly the target of an upcoming proxy battle, stemming from the sequencing giant’s decision to plow ahead in its $8 billion reacquisition of former spinout Grail in 2021 in defiance of regulators.
 
Fierce podcasts

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'The Top Line': AI and machine learning, plus the headlines

This week on "The Top Line," we take on AI and machine learning in the pharma and healthcare universe. The expectation is that these tools will speed up innovation and open up new markets, helping the sector stay ahead of the curve. Plus, this week's headlines.

 

Resources

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Optimizing drug discovery in a fast-moving market

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Answering your specific questions about mRNA/saRNA manufacturing

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Proven Pharmaceutical Go-To-Market Model

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Research

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Orally Inhaled & Nasal Drug Delivery: A Pipeline of Opportunities

Catalent’s Carla Vozone discusses the significant trends in the Orally Inhaled & Nasal Drug Delivery (OINDP) segment including large molecules and novel indications.

Research

Step-wise strategy to address process characterization and late phase development

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Clinical Supply Solutions for the Asia-Pacific Region

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A Strategy to Standardize Process Characterization & Late Phase Development

Learn more on an approach for process characterization for the production of a monoclonal antibody, which will improve the efficiency and effectiveness of the process by targeting the right design and number of experiments.

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Supply Services to Support Clinical Trials in Japan & Beyond

Explore Catalent’s newest clinical supply facility in Japan, including the comprehensive services & solutions it offers to help support trials both in-country & around the world.
Case Study

A Strategy to Standardize Process Characterization & Late Phase Development

Learn more on an approach for process characterization for the production of a monoclonal antibody, which will improve the efficiency and effectiveness of the process by targeting the right design and number of experiments.

 

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