Better Therapeutics lays off 35% of workers

Today's Big News

Mar 24, 2023

Bayer, with new leadership stepping in, deprioritizes women’s health R&D


Seen Better days: Digital therapeutics maker lays off 35% of workforce as losses mount


Sanofi, Regeneron's Dupixent could hit $20B in peak sales with COPD expansion: analyst 


GSK plays defense after California judge approves plaintiff's expert testimony in high-stakes Zantac trial 


SPACs back from brink with NK cell therapy biotech's plans for blank-check merger

 

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Bayer, with new leadership stepping in, deprioritizes women's health R&D

Bayer has elected to move away from early R&D work focused on women's health. The pharmaceutical company behind the birth control brand Yasmin says it will continue to work on clinical-stage assets in the field.
 

Top Stories

Seen Better days: Digital therapeutics maker lays off 35% of workforce as losses mount

In an all-too-familiar echo of fellow digital therapeutics maker Pear Therapeutics’ recent desperate attempts to cut costs, Better Therapeutics has begun making its own money-saving moves.

Sanofi, Regeneron's Dupixent could hit $20B in peak sales with COPD expansion: analyst

Analysts at Evercore ISI believe a label expansion for Sanofi and Regeneron’s Dupixent in COPD would add $3.5 billion in sales, expanding the drug’s peak sales potential to more than $20 billion.

GSK plays defense after California judge approves plaintiff's expert testimony in high-stakes Zantac trial

After a California judge said a plaintiff's expert witnesses can testify in an upcoming trial over cancer risks on heartburn med Zantac, GSK has hit back. The British drugmaker stressed that litigation is still at an “early stage."

SPACs back from brink with NK cell therapy biotech's plans for blank-check merger

After a number of high-profile SPAC announcements toward the end of last year, these deals once again dropped off in 2023. But that doesn’t mean the low-key revival of this reverse merger model has died.

Neuromodulation device for PTSD treatment from GrayMatters snags FDA nod

Post-traumatic stress disorder treatment typically takes a two-pronged approach: talk therapy and medications combined to help manage symptoms. And now, a newly FDA-cleared device adds a third option in the form of self-guided neuromodulation.

With rejection for slow-release Jakafi, FDA sends shockwaves across Incyte's pipeline: analyst

The FDA has rejected an extended-release formulation of Incyte’s Jakafi in a serious blow to the company’s broader pipeline ambitions.

Cash crunches keep Bioasis and Celyad's feet to the fire as wait for better days continues

Bioasis Technologies and Celyad Oncology are still waiting for better days. In separate updates, the two biotechs revealed that their respective turnaround strategies remain works in progress—and constraints on cash are still defining what can and cannot be achieved.
 
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