Novavax isn't done cost cutting

Today's Big News

Apr 13, 2023

Biotechs see 'staggering' 87% rise in layoffs during Q1, on pace to overtake 2022


Prothena raids pharmacy aisle for Alzheimer's trial accelerant, teaming with Walgreens


Novavax CEO says more cost-cutting is on the way: Reuters  


Alentis rides in zolbetuximab's slipstream to secure $105M series C for anti-fibrotic ambitions


AstraZeneca, Gilead get a new challenger as Pyramid deviates from TRK to bag antibody-drug conjugate


Fierce Biotech Fundraising Tracker '23: Alentis catches $105M series C; Aer raises $36M

 

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Biotechs see 'staggering' 87% rise in layoffs during Q1, on pace to overtake 2022

In the first quarter of 2023, 56 biopharmas laid off staff—an 87% jump compared to 2022, when 30 companies reported layoffs for the same period, according to a Fierce Biotech analysis. 
 

Top Stories

Prothena raids pharmacy aisle for Alzheimer's trial accelerant, teaming with Walgreens

Prothena has enlisted an ally to boost its pursuit of Biogen and Eisai in Alzheimer’s disease. Working with Walgreens, the biotech aims to accelerate enrollment in an early-phase clinical trial of a potential rival to Leqembi.

Novavax CEO says more cost-cutting is on the way: Reuters

Novavax has cut $50 million in costs in the first quarter, which may just be the tip of the iceberg, according to an interview with new CEO John Jacobs in Reuters.

The Way Forward: 2022 Biotech R&D Innovation Survey Insights

Where is clinical R&D heading? And to what extent are biopharmas using and applying new approaches such as adaptive designs, DCTs, and ECAs? 33 biopharma executives share their insights.

Alentis rides in zolbetuximab's slipstream to secure $105M series C for anti-fibrotic ambitions

The string of recent clinical successes for the antibody zolbetuximab has not only been welcome good news at AstraZeneca and Astellas, it has also buoyed biotechs working on their own Claudin-targeting therapies.

AstraZeneca, Gilead get a new challenger as Pyramid deviates from TRK to bag antibody-drug conjugate

Pyramid Biosciences’ current pipeline is built around the kinase TRK. But the biotech has now struck a deal that will take it down a new path, paying $20 million upfront and betting $1 billion in biobucks for the ex-greater China rights to a would-be challenger to Gilead’s ADC Trodelvy.

Fierce Biotech Fundraising Tracker '23: Alentis catches $105M series C; Aer raises $36M

Alongside the new year, we've launched a new Fierce Biotech Fundraising Tracker to keep the pulse on the industry's financing.

Moximed struts to FDA approval for knee shock absorber implant

The former Fierce Medtech Fierce 15 winner's spring-loaded Misha implant cushions the thigh and shin bones of people suffering from painful osteoarthritis.

Ora signs on CRO industry expert Paul Colvin as COO

Ora has brought on industry expert Paul Colvin as its new chief operating officer to help lead the ophthalmology CRO’s global growth.

Otsuka, Lundbeck head into key FDA panel meeting with agency support for their Rexulti application

Seeking a new approval to curb agitation in Alzheimer's patients, Lundbeck and Otsuka Pharmaceutical are gearing up for an important test Friday. And it appears the FDA is open to a potential nod for their atypical antipsychotic Rexulti.

IMA continues US expansion with purchase of Texas-based Accelemed

IMA Clinical Research’s parent IMA Group has acquired Accelemed Research Institute for an undisclosed price, continuing the clinical trial site company’s expansion march across the U.S.

Appeals court keeps abortion drug approval intact but restricts access

A federal appeals court has partially stayed a lower court's ruling that suspended FDA approval of the abortion drug mifepristone.
 
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'The Top Line': Humira's patent cliff and 2023's other big patent expirations, plus this week's headlines

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Explore Catalent’s newest clinical supply facility in Japan, including the comprehensive services & solutions it offers to help support trials both in-country & around the world.
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