SPACs aren’t completely bust
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Today's Rundown

Featured Story

Zosano's headaches continue: Biotech lays off 31% after FDA rejects migraine drug resubmission

Zosano Pharma laid off eight R&D workers in the weeks following the FDA's decision to not review the biotech's second attempt at getting its migraine patch approved. The company is exploring strategic alternatives as it has little left to dream about.

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Top Stories

Protalix eyes Fabry drug resubmission thanks to multiple phase 3 readouts

Protalix BioTherapeutics intends to resubmit its once-rejected Fabry disease drug to the FDA in the second half of this year thanks to new phase 3 data, with more on the way in the coming weeks, a company spokesperson told Fierce Biotech.

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After megaround, Apexigen inks modest SPAC deal to advance melanoma prospect toward approval

Apexigen is braving a tough biotech stock market in a bid to land on the Nasdaq through a SPAC merger. If the deal goes through as planned, Apexigen will emerge with $73 million to fund development of a CD40 agonist intended to treat melanoma and other solid tumors.

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Onconova takes early steps on long road back, filing to raise dose cap in solid tumor trial

Onconova Therapeutics’ early-phase development program for the multikinase inhibitor narazaciclib has cleared a small milestone, with the lack of dose-limiting toxicities in solid tumor patients in the original cohorts emboldening the biotech to plan to file a protocol amendment to study higher doses. 

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Summit says path forward for failed C. difficile drug is likely through partnerships

Summit Therapeutics believes the future of its lead asset to treat C. difficile may be through partnerships, months after the candidate failed to outperform vancomycin in a phase 3 trial. It hopes to present more data in May. The blueprint from the company comes after its shares have plummeted 50% in the last six months.

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Pfizer's deal with Medicines Patent Pool includes 35 companies from 12 countries to produce generic Paxlovid

The United Nations-backed Medicines Patent Pool revealed that 35 companies have signed on to produce a generic version of Pfizer's oral antiviral COVID-19 treatment Paxlovid. The deal includes companies from 12 countries that will provide the drug to 95 lower- and middle-income countries.

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Newly discovered Alzheimer's biomarkers may bring more equitable screening tests, Mayo Clinic finds

The study focused specifically on African-American patients, who are vastly underrepresented in Alzheimer’s research and, on average, have limited access to comprehensive screening resources, but have a disproportionately high risk of developing the disease.

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Amid sales slump, Teva CEO Schultz's pay falls 7% to $14.7M

After a year in which its revenues declined by 6%, Teva has cut the pay of its top executives, including CEO Kare Schultz, who saw a drop in his compensation from $15.72 million in 2020 to $14.68 million, a 6.6% decrease.

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House progressives push for CMS to end newly rebranded ACO REACH model

The House Progressive Caucus wants CMS to get rid of the newly launched ACO REACH model, which is a rebrand of the controversial Direct Contracting Model that was overhauled after concerns from progressive lawmakers.

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Fierce Pharma Asia—Eisai's reduced Aduhelm role; Chinese biotechs' US delisting risks; Zai Lab's new COO from Lilly

Eisai decided to exit its supporting role in Aduhelm. Chinese companies including several biotechs face potential U.S. delisting if they fail to comply with a new audit law. Zai Lab recruited Eli Lilly's former chief financial officer, who's leaving after a scandal. And more.

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Chutes & Ladders—Former Translate CMO Ann Barbier is moving to Camp4 Therapeutics in the same role

Camp4 Therapeutics has tapped Ann Barbier as CMO, the same role she held at Translate Bio before it was snatched up by Sanofi. Robert Hollingsworth is bidding farewell to big pharma life, leaving to be chief scientific officer of Shoreline Biosciences and oversee its early pipeline. Zai Lab is giving a second chance to former Eli Lilly CFO Josh Smiley a year after he resigned following an investigation into his conduct with colleagues.

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Resources

Paid Marketplace: United Cargo: Providing comprehensive solutions for the most critical shipments

The United Cargo team has made a commitment to pharmaceutical and medical partners that we are equipped to support their vaccine transportation needs safely and effectively across our expansive global and domestic network. The safety and security of these commodities is our priority, and we are proud to be a trusted partner in these efforts. Download infographic now.

Industry Report: The Top Four Barriers to Successful KOL Engagement

Read why many MSLs are still challenged in developing integrated strategies to increase the volume of meaningful engagements. Download this industry report to find out what the top challenges are and suggestion strategies to solve them. Download now.

eBook: Leveraging Clinical Data for Study Success

The landscape of clinical trials has been permanently changed. Today's trials require sponsors to modernize their use of technology and data to adapt. This eBook provides an overview of how sponsors can empower trials with real-time performance data to improve study integrity, reduce risks, optimize patient safety, and increase trial success rates.

Whitepaper: Autologous CAR T-Cell Manufacturing: Semiautomatic, Closed, Modular Workflow

Learn how to navigate the top manufacturing challenges and achieve a seamless transition from discovery to clinical manufacturing across the CAR T-cell therapy workflow.

eBook: EMEA Regulatory Roadblocks around Decentralized Trials

Learn about ways to break down regulatory roadblocks and get closer to 100% clarity on regulatory positions to advance decentralized clinical trials in research.

Whitepaper: Top 5 Challenges Of Decentralized Clinical Trials And How To Overcome Them

How to overcome top challenges faced in decentralized trials.

Whitepaper: Lipid-Based Drug Delivery System to Bring Poorly Soluble Drugs to Market

How can Lipid-Based Drug Delivery System help bring poorly soluble drugs to market?

Whitepaper: Versatility of Softgel Technology - Encapsulation of a Volatile Compound

Learn more about how the versatility of Softgel Technology helped a customer with a volatile compound.

Whitepaper: The Most Suitable Dosage Form Technologies for the Oral Delivery of Lipid-Based Formulations

What is the most suitable dosage form technology for the Oral Delivery of Lipid-Based Formulations?

Webinar: The Faster Path From Pre-Filled Syringe to Auto-Injector

Ypsomed and Catalent Biologics experts discuss strategies for integrated PFS manufacturing and auto-injector assembly to accelerate timelines and more in this webinar.

Whitepaper: Formulation Strategies When Transitioning From Vial to PFS

Learn how formulation development for a PFS affects manufacturing to drive the industry toward optimizing delivery of injectable products and, ultimately, improving patient care.

Events