Pear Therapeutics files for bankruptcy

Today's Big News

Apr 10, 2023

Biotech leaders 'cannot stay quiet' as judge blocks abortion pill approval


Johnson & Johnson's $8.9B bankruptcy settlement is 'unworkable,' talc plaintiff lawyer says  


Cut to the core: Prescription app developer Pear Therapeutics files for bankruptcy, lays off staff


As FDA decision draws near, Sobi revamps RSV antibody deal with AstraZeneca, Sanofi


Big Pharma-partnered Evotec on high alert after cyber attack takes systems offline


C2N’s amyloid- and tau-detecting Alzheimer’s blood test outperforms other screening tools in 2 studies

 

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Biotech leaders 'cannot stay quiet' as judge blocks abortion pill approval

Some 300 biotech executives and industry leaders are objecting to the decision from a Texas federal judge to block the FDA’s approval of the abortion drug mifepristone. The executives argue that the judicial interference will undermine the agency’s authority and endanger innovation in the industry.
 

Top Stories

Johnson & Johnson's $8.9B bankruptcy settlement is 'unworkable,' talc plaintiff lawyer says

A plaintiff's steering committee guiding the multi-district litigation for talc claimants against Johnson & Johnson said that the company's $8.9 billion settlement proposal was far from adequate. The 14-person board—made up of lawyers from companies who represent talc plaintiffs—said it was unanimous in its rejection of J&J’s offer.

Cut to the core: Prescription app developer Pear Therapeutics files for bankruptcy, lays off staff

The company, which planted some of the earliest seeds that prescription smartphone apps could stand alongside prescription drugs, filed for Chapter 11 bankruptcy, and announced it would lay off more than 90% of its employees as it seeks a buyer.

As FDA decision draws near, Sobi revamps RSV antibody deal with AstraZeneca, Sanofi

After an approval in Europe, AstraZeneca and Sanofi’s respiratory syncytial virus prevention antibody nirsevimab is on track for an FDA decision this year. Now, a third company wants to simplify its role with the pharma giants.

Big Pharma-partnered Evotec on high alert after cyber attack takes systems offline

German biotech Evotec is on high alert after a late-week cyber attack prompted the company to shut down its network.

C2N’s amyloid- and tau-detecting Alzheimer’s blood test outperforms other screening tools in 2 studies

Late last year, C2N Diagnostics unveiled the second generation of its liquid biopsy technology to screen for Alzheimer’s disease, and now, it’s putting that blood test to the test.

FDA puts Molecular Templates' multiple myeloma trial on partial hold—500 days after adverse event

Almost 500 days have gone by since Molecular Templates disclosed the second of two cardiac adverse events in recipients of its CD38-directed cancer candidate. The biotech dialed down the dose at the start of 2022, and the trial has progressed uneventfully since then. Nonetheless, the FDA has now slapped a partial hold on the study and asked for information such as the justification for the revised dose.

New WHO recommendations on COVID vaccines create more revenue uncertainty: analyst

Two weeks after the World Health Organization revised its guidance on COVID-19 vaccination, data analytics company GlobalData says the future of vaccine rollouts is becoming “highly uncertain.”

Ultima Genomics combines '$100 genome' tech with Genome Insight's AI-powered analysis

After bursting out of stealth last year with the landscape-shifting claim that it had developed a whole-genome sequencing platform that can run analyses for only $100 apiece, Ultima Genomics is now working to get that technology into the hands of those who need it most.

Regeneron expects $56M IPR&D charge tied to cell therapy pact

Regeneron’s first-quarter earnings are expected to take a $56 million hit tied to in-process research and development costs for a freshly inked autoimmune deal with Sonoma Biotherapeutics.

With Brukinsa launch, BeiGene seeks to avoid protracted pricing squabbles in Europe: exec

Not content to stymie itself in endless pricing talks, BeiGene is taking a different tack in Europe, the company’s chief commercial officer Josh Neiman said in a recent interview. “We’re not interested in a two-year negotiation process,” he explained on the heels of a recent tour across the bloc. “We want to get access to our patients as quickly as we can.”
 
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'The Top Line': 2023's exclusivity losses, this week's news

This week on "The Top Line," we discuss how this year is chock-full of blockbuster drugs headed for the patent cliff, besides the well-known patent cliff for AbbVie's Humira. We also cover Johnson & Johnson's talc settlement offer and more of this week's top headlines.

 

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