Exelixis proxy feud continues with board refresh

Today's Big News

Apr 14, 2023

FDA rejects Eli Lilly's ulcerative colitis prospect mirikizumab, citing manufacturing shortfalls


FDA warns that Philips has fully fixed ‘considerably’ fewer recalled devices than online tally may suggest


Exelixis accepts Farallon's board suggestions, but dispute wages on toward proxy fight


Teva's July launch for Humira biosimilar in jeopardy after Alvotech's 2nd rejection


Medtronic VP Marinaro details the ‘full, holistic approach’ of the newly combined surgical robotics, devices unit


Acelyrin, with 3 late-phase trials underway, seeks IPO boost to $400M VC haul to take on Lilly, Novartis

 

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FDA rejects Eli Lilly's ulcerative colitis prospect mirikizumab, citing manufacturing shortfalls

Following the surprise FDA rejection of Alzheimer’s disease candidate donanemab in January, another Eli Lilly biologic drug has been met with an FDA cold shoulder. This time, manufacturing is to blame.
 

Top Stories

FDA warns that Philips has fully fixed 'considerably' fewer recalled devices than online tally may suggest

A year and a half into the repair-and-replace program for its far-reaching respiratory recall, Philips’ website states that 90% of the production of all needed replacement devices and repair kits has been completed, and that 2.46 million of the devices and kits have been “shipped in the U.S.”—but the FDA is taking issue with the latter figure.

Exelixis accepts Farallon's board suggestions, but dispute wages on toward proxy fight

Exelixis is still feuding with Farallon Capital Management, but the biotech’s board likes at least some of the activist investor’s ideas—including two new recommended board members.

Teva's July launch for Humira biosimilar in jeopardy after Alvotech's 2nd rejection

Manufacturing deficits have triggered a second complete response letter in Teva and Alvotech’s quest for approval of AVT02, a high-concentration biosimilar candidate for Humira, the companies said Friday. The FDA flagged deficiencies after reinspecting Alvotech’s Reykjavik, Iceland, production plant.

Medtronic VP Mike Marinaro details the 'full, holistic approach' of the newly combined surgical robotics, devices unit

Last month, Medtronic confirmed that it had quietly combined its surgical robotics and surgical innovations operating units into a single segment, effective Feb. 1. The unit is led by Mike Marinaro, a two-decade company veteran who was previously made head of the surgical robotics business in early 2022.

Acelyrin, with 3 late-phase trials underway, seeks IPO boost to $400M VC haul to take on Lilly, Novartis

Acelyrin is about to find out whether a once well-trodden path is still open to biotechs that need big bucks to bankroll their plans. Having raised $408 million from private investors in recent years, the immune drug developer now wants public financiers to step up and help it deliver phase 2b/3 data in three indications.

J&J, Legend tap Novartis to help make CAR-T drug Carvykti as they work through supply constraints

Struggling to meet demand for CAR-T med Caryvkti, Johnson & Johnson and Legend Biotech have reached out to Novartis, a cell therapy expert, for help manufacture their multiple myeloma treatment.

Soligenix shares take another dip as FDA requests 2nd trial for rare cancer candidate

After the FDA denied approval for Soligenix’s rare cancer treatment in February, the agency has now said a second clinical trial with positive results will be required to accept another request for approval.

FDA clears Abbott’s handheld diabetes reader for FreeStyle Libre 3 CGM

As it embarks on a widespread effort to remind users of the proper care and keeping of the handheld readers used with its FreeStyle Libre continuous glucose monitors, Abbott is further expanding the devices’ user pool.

Minghui's phase 2 win for JAK inhibitor cream sets up potential Opzelura competitor

Following in the footsteps of Incyte’s Opzelura, Minghui Pharmaceutical has reported phase 2 results from its own JAK inhibitor that suggests the Chinese biotech's cream could also be effective against dermatitis.

BioVentrix lassos $48.5M to take its ventricle-reshaping heart failure implants to the FDA

The former Fierce Medtech Fierce 15 winner’s minimally invasive Revivent TC system is designed to help reshape the heart’s left ventricle as it recovers from the severe trauma of a heart attack.
 
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