Ferring closes US R&D wing

Today's Big News

Mar 28, 2023

Novartis to ride with Bicycle in radiopharmaceuticals deal that could cruise to $1.7B


AbbVie sidelines CytomX after seeing midphase oncology ADC data, opens talks on returning lead drug


Ferring shuts down U.S.-based research institute after more than 25 years, cutting nearly 90 employees


Exicure continues death spiral, putting transaction of some kind on the table


Silence takes back 2 complement programs from Mallinckrodt after 3.5-year collaboration


Sonoma takes 'a big bite' with $120M Regeneron Treg collab, tacking on up to 5 new targets


With another wave of layoffs and CEO exit, AMT seeks out 'strategic alternatives'


BMS re-ups 'highly productive' legacy neurodegeneration partnership with Evotec for $50M upfront


Boehringer puts $481M on the line to pursue emerging cancer target in Covant team-up


Monopar spikes chemo side effect drug after disappointing phase 2/3 interim analysis

 

Featured

Novartis to ride with Bicycle in radiopharmaceuticals deal that could cruise to $1.7B

Novartis has hopped on Bicycle Therapeutics’ radio-conjugates ride with a $50 million upfront payment and a further $1.7 billion possible down the road.
 

Top Stories

AbbVie sidelines CytomX after seeing midphase oncology ADC data, opens talks on returning lead drug

AbbVie has ditched its pact with CytomX Therapeutics. After seeing 83% of patients in the latest data cut develop anemia, the Big Pharma has dropped the cancer program for strategic portfolio reasons—and started negotiating to sell the lead antibody-drug conjugate back to CytomX.

Ferring shuts down U.S.-based research institute after more than 25 years, cutting nearly 90 employees

Ferring Pharmaceuticals is closing up a U.S. research wing, laying off 89 employees as a result. The Ferring Research Institute has been in business since 1996 and just wrapped up a new expansion project.

Exicure continues death spiral, putting transaction of some kind on the table

Exicure has already cut its workforce to the bone, but now the nucleic acid therapy biotech is searching for some sort of transaction to save what’s left of the company

Silence takes back 2 complement programs from Mallinckrodt after 3.5-year collaboration

Silence Therapeutics is snatching back two siRNA drug targets developed through a $20 million collaboration with Mallinckrodt Pharmaceuticals.

Sonoma takes 'a big bite' with $120M Regeneron Treg collab, tacking on up to 5 new targets

Sonoma Biotherapeutics is making waves more than a year and a half after securing one of the largest fundraising rounds of 2021. The biotech is announcing a new collaboration with Regeneron worth up to $120 million.

With another wave of layoffs and CEO exit, AMT seeks out 'strategic alternatives'

With its lead chronic pouchitis treatment stuck in limbo as the company searches for a phase 3 partner, it looks like Applied Molecular Transport has finally thrown in the towel.

BMS re-ups 'highly productive' legacy neurodegeneration partnership with Evotec for $50M upfront

Things must be going well for Bristol Myers Squibb’s legacy Celgene-Evotec neurodegeneration partnership. The New York Big Pharma has decided to add another eight years to their agreement, boosting the overall potential deal value to $4 billion.

Boehringer puts $481M on the line to pursue emerging cancer target in Covant team-up

Boehringer Ingelheim has spied an opportunity to seize the holy grail of immuno-oncology: turning cold tumors hot. In return for $10 million upfront and up to $471 million milestones, the German drugmaker has tasked Covant Therapeutics with discovering covalent candidates against an emerging cancer target.

Monopar spikes chemo side effect drug after disappointing phase 2/3 interim analysis

Monopar Therapeutics is moving on from a treatment for chemotherapy side effects after disappointing phase 2 data left the company empty-handed. 

ViVE 2023: UnitedHealth's new tech exec on how the payer giant is aiming to accelerate transformation

NASHVILLE—Innovation in healthcare is notoriously slow, and UnitedHealth's Sandeep Dadlani is aiming to pick up that pace.

Another rare disease M&A deal? BridgeBio draws buyout interest from Big Pharma: Bloomberg

Rare diseases and cancer are constantly featured in the biopharma M&A landscape. Now, one biotech company with a presence in both areas has reportedly caught Big Pharma’s interest.

J&J adds medtech head Ashley McEvoy to list of highest-paid execs with $7.4M payout in 2022

For the first time in at least a decade, the head of Johnson & Johnson’s medtech division is among the company’s highest-paid executives.

Amicus nabs EU nod for Pompe disease newcomer Pombiliti, setting up fight with Sanofi

Amicus Therapeutics' Pombiliti—which combines a long-term enzyme replacement therapy with the oral enzyme stabilizer miglustat—has been approved by the European Commission as Pombiliti in adults with late-onset Pompe disease. Now, the company must wait on the European Medicines Agency’s Committee for Medicine Products for Human Use to deliver a verdict on miglustat specifically.

ViVE 2023: Hospitals, health tech companies face shortages in data privacy, security talent. Recruiting 'outsiders' could be one fix

Hospital IT and medical device company leaders say that many organizations have no choice but to adopt a "grow-your-own" approach to data privacy and security workforce vacancies.
 
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