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Today’s Big News

Mar 25, 2024

Novo Nordisk inks $1B Cardior buyout to pump up heart failure plans


FDA blocks approval of Regeneron’s blood cancer drug over confirmatory trial enrollment


#FierceMadness: The Best Biotech Name Tournament—The Round of 32 is OPEN 


AbbVie grabs a wrench to add immunology-focused Landos Biopharma for $137.5M 


Theratechnologies to phase out preclinical oncology program as it looks for R&D partner


Ferrer signs $122M biobucks deal for ex-US license to Verge's phase 1 ALS therapy


Astria’s pipeline star reduces hereditary angioedema attacks in early phase 1b/2 data

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Novo Nordisk inks $1B Cardior buyout to pump up heart failure plans

Novo Nordisk is pumping up its heart failure plans. The drugmaker, dripping with its GLP-1 billions, has agreed to buy Cardior Pharmaceuticals and its midphase prospect in a deal that could top out above 1 billion euros ($1.1 billion).
 

Top Stories

FDA blocks approval of Regeneron's blood cancer drug over confirmatory trial enrollment

Regeneron may have gotten ahead of itself with the early filing of bispecific antibody odronextamab to regulators. In a move that might not surprise keen FDA watchers, the agency has issued two complete response letters over the timelines of ongoing phase 3 confirmatory trials for the drug.

#FierceMadness: The Best Biotech Name Tournament—The Round of 32 is OPEN

What's the best biotech name? It's time to vote in the Fierce Madness #biotechbracket.

AbbVie grabs a wrench to add immunology-focused Landos Biopharma for $137.5M

AbbVie has grabbed a wrench to add on some new autoimmune disease options to its pipeline via the acquisition of Landos Biopharma. The deal values the oral therapeutic-focused biotech at $137.5 million.

Theratechnologies to phase out preclinical oncology program as it looks for R&D partner

Theratechnologies is winding down its preclinical oncology research program in an effort to become profitable and focus on its commercial business. The biotech will use what it has learned from the work conducted so far to find an outside collaborator for further R&D.

Ferrer signs $122M biobucks deal for ex-US license to Verge's phase 1 ALS therapy

Spanish pharma Ferrer is following in Big Pharma’s footsteps by targeting the AI-powered neuroscience R&D work of Verge Genomics.

Astria’s pipeline star reduces hereditary angioedema attacks in early phase 1b/2 data

Astria Therapeutics is planning a phase 3 launch for its star monoclonal antibody after early data demonstrated a favorable safety profile and reduction in attack rates of a rare immune disorder.

BioNTech hit with 'notice of default' from NIH in COVID-19 vaccine royalty dispute

Even as Germany's BioNTech deals with ongoing declines of its revenue and share price, it's facing another serious concern: U.S. officials are pressing the company to pay royalties linked to the commercialization of its lucrative Pfizer-partnered COVID-19 vaccine.

In another step forward for AI, UW researchers deliver antibody-generating model

Researchers at the University of Washington's Baker Lab have shown that a generative AI program can help draw up atomically accurate antibodies from scratch—including those capable of binding to the proteins found in COVID-19, RSV and influenza.

Diabetes management tools not worth the cost, study finds. But digital health companies push back on 'flawed' analysis

The Peterson Health Technology Institute's analysis assessed whether digital diabetes solutions improve users' health outcomes over "usual care." "The digital health industry is maturing and as it matures, it's very important that we raise the bar on expectations and evidence," Caroline Pearson, executive director of the PHTI.
 
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'The Top Line': A closer look at European biotech investment in 2024

This week on “The Top Line,” we explore the European biotech investment landscape. Fierce Biotech’s James Waldron sits down with Maina Bhaman, a Partner at Sofinnova Capital Strategy, who provides insights into how investors are approaching the European biotech sector. 
 

Resources

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Pediatric Clinical Trials: Considerations for Enrollment and Retention

Explore the nuanced approaches necessary for successful pediatric drug development.
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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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