Fake GLP-1 takedowns on the rise

Today’s Big News

Apr 15, 2024

SPECIAL REPORT—The top 20 pharma companies by 2023 revenue  


Regeneron builds new venture arm with $500M commitment to invest in biotech and beyond


Takedowns of websites peddling fake GLP-1 drugs jump as counterfeiters board weight-loss bandwagon


FDA delivers de novo clearances to two novel antibacterial implant coatings


Roche eyes earlier treatment nod after Columvi-chemo trial win in 2nd-line lymphoma


Neumora's schizophrenia drug faces FDA hold over convulsions in rabbits

 

Featured

The top 20 pharma companies by 2023 revenue

2023 was all about diabetes and obesity drug sellers Novo Nordisk and Eli Lilly posting huge revenue gains as they were the only companies in the biopharma industry with double-digit gains. At the other end of the spectrum, sellers of COVID products saw dramatic decreases in revenue as Pfizer, the top revenue drugmaker in 2022, had a 41% decrease, while Moderna and BioNTech tumbled out of the top 20.
 

Top Stories

Regeneron builds new venture arm with $500M commitment to invest in biotech and beyond

Regeneron is joining its pharma peers, launching its own venture capital wing. The New York pharma plans to commit $100 million annually for the first five years.

Takedowns of websites peddling fake GLP-1 drugs jump as counterfeiters board weight-loss bandwagon

Eli Lilly and Novo Nordisk faced a third rival for the GLP-1 market last year: counterfeiters. BrandShield helped remove more than 250 websites peddling the blockbuster medicines in 2023, the cybersecurity company told Reuters, as the weight-loss therapies emerged as a major focus of anticounterfeit activity.

FDA delivers de novo clearances to two novel antibacterial implant coatings

Though the initial green lights cover spine and orthopedic hardware, Orthobond and Onkos Surgical said their respective disinfectants could shield a wide variety of implants.

Roche eyes earlier treatment nod after Columvi-chemo trial win in 2nd-line lymphoma

The study paired Columvi, a CD20xCD3 bispecific T-cell engager, with the chemotherapy GemOx (glofitamab-gxbm) in patients who’d tried at least one prior line of therapy and did not qualify for autologous stem cell transplants.

Neumora's schizophrenia drug faces FDA hold over convulsions in rabbits

The FDA has placed a phase 1 trial of Neumora Therapeutics’ schizophrenia drug on hold after preclinical data revealed rabbits dosed with the drug had experienced convulsions.

Viatris, eyeing a return to growth, taps Moderna, Amgen alum as CCO

Viatris has spent the last few years shedding various businesses, including its biosimilar and over-the-counter departments, among others—but now, the company is back to making additions.

Butterfly Network expands maternal ultrasound efforts across Africa

Working with the Clinton Health Access Initiative and the Global Ultrasound Institute, Butterfly aims to provide 500 portable probes to South Africa.

FDA advisers back new endpoint for myeloma approvals, paving way for faster introduction of new drugs

After oncology experts reviewed arguments in favor of a surrogate endpoint to support multiple myeloma drug approvals, drug developers may soon have a new pathway in the R&D journey.

MaaT, eyeing 2026 launch for microbiome therapy, posts 18-month data in aGvHD

A year after a long-running clinical hold was lifted on MaaT Pharma’s pooled fecal therapy, the microbiome biotech has touted 18-month data as proof it’s on track to launch the drug in acute graft-versus-host disease in two years’ time.

AstraZeneca cries havoc over CKD's hit on economies, environment

AstraZeneca is sounding the crisis klaxon after spotting an “urgent and growing” global health situation that has “profound economic and environmental implications.” The drugmaker made the comments in response to forecasts of the impact of chronic kidney disease through 2032.

CSL Behring shuts down filling department, lays off 65 staffers at major Illinois manufacturing site

The filling department closure comes as part of a regulatory commitment, a spokesperson said. The site in Kankakee County, Illinois, has been active for 70 years and employs around 1,500 workers.
 
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Deep dive: Biopharma layoffs in Q1

Using data from Fierce Biotech's layoff tracker, Gabrielle Masson and Max Bayer analyze the trends of layoffs in the first quarter of 2024, comparing them to previous years.
 

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Industry Events

Drug Development Boot Camp® VIRTUAL | Spring 2024

April ‌10-11, ‌2024

On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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