Quince sours buyout bid for investors

Today's Big News

Apr 6, 2023

AstraZeneca to face tough FDA scrutiny with Imfinzi-Lynparza combo in ovarian cancer: analyst


Money continues to flow for HeartFlow with $215M VC raise


Quince adopts 'poison pill' to fend off buyout bid as investor builds stake


Pfizer escapes proposed class action lawsuit over patient copay assistance


Bioventus unseats CEO as CartiHeal deal falls apart


AbbVie knocks down earnings forecast due to IPR&D charge

 

Featured

AstraZeneca to face tough FDA scrutiny with Imfinzi-Lynparza combo in ovarian cancer: analyst

Drugmakers often dream about being the sole player in a therapeutic area. But for AstraZeneca, the lack of rival success stories may mean increased regulatory scrutiny for its new treatment proposal for ovarian cancer.
 

Top Stories

Money continues to flow for HeartFlow with $215M VC raise

After reversing course on a SPAC deal last year, cardiac diagnostic developer HeartFlow has picked up what could hardly be considered a consolation prize.

Quince adopts 'poison pill' to fend off buyout bid as investor builds stake

Quince Therapeutics is trying to make itself a less appetizing bite for potential buyers as it works to fend off an unsolicited buyout bid from Echo Lake Capital. The “poison pill” is intended to deter investors from accumulating stock on the open market and will kick in once they buy a set percentage of the shares.

Pfizer escapes proposed class action lawsuit over patient copay assistance

In U.S. District Court, Pfizer has prevailed over five collection companies which sought to bring a potential class action lawsuit alleging that Pfizer illegally induced patients to a select group of drugs.  

Bioventus unseats CEO as CartiHeal deal falls apart

Almost exactly three years after taking on the role, Ken Reali has stepped down from his post as chief executive of Bioventus.

AbbVie knocks down earnings forecast due to IPR&D charge

AbbVie is revising down its earnings forecast for the year due to a $150 million IPR&D charge. The company's original earnings projections presented in February were already lower than Wall Street's projections.

Gilead caused injuries while waiting to develop safer HIV drugs, lawsuit claims

In yet another TAF/TDF drug lawsuit for Gilead Sciences, the company faces claims from two plaintiffs that it caused injuries with its older tenofovir products while shelving a safer generation of new products.

Exelixis defends strategy after activist investor calls R&D plan undisciplined and incoherent

Exelixis is standing its ground in the face of a full-throated attack by an activist investor, defending its record in response to accusations that it has presided over an undisciplined and incoherent R&D model.

Synapse snaps up full FDA approval for diaphragm stimulation system

More than a decade after it first became available to help patients hospitalized with spinal cord injuries breathe more naturally than they can with a ventilator, Synapse Biomedical’s diaphragm pacing system is, fittingly enough, picking up the pace.

Layoffs loom as Takeda trims early-stage efforts in AAV gene therapy, rare hematology

Takeda is moving away from early R&D work in the AAV gene therapy and rare hematology spaces, with an unknown number of employees set to “transition out” of the pharma.
 
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'The Top Line': Biotech's 2023 trends, plus this week's headlines

This week on "The Top Line," we discuss how 2023 is shaping up to be much the same as last year when it comes to financing trends for biotechs. We also cover Emergent's Narcan winning the first over-the-counter approval for an opioid-overdose drug and more of this week's top headlines.

 

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