Lilly execs prep for surprise FDA adcomm

Today’s Big News

Apr 17, 2024

Pfizer's academic-partnered R&D unit is scrapped as part of cost-cutting measures


Sage burns Parkinson’s bridge, flunking first of 4 midphase tests for key prospect


Lilly Alzheimer's med glides out of Leqembi's slipstream with FDA adcomm request


Sanofi shrinks IGM antibody partnership amid pipeline reprioritization


Ultimovacs lays off 40% of staff to survive in wake of cancer vaccine’s phase 2 fail


Lilly’s Prevail walks away from gene editing collab with Precision


VC firm Canaan adds $100M-plus for biotech bets and tacks on a Pfizer vet to gauge early science


Connect Biopharma uncouples from Pfizer by scrapping long-standing eczema pact


FDA wants to boost trial innovation with new center at CDER 

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Featured

Pfizer's academic-partnered R&D unit is scrapped as part of cost-cutting measures

Pfizer's 2023 cost-cutting wave swept up a specific R&D team that worked closely with academics to swiftly develop new medicines. A company spokesperson confirmed that Pfizer has closed labs associated with the Centers for Therapeutic Innovation.
 

Top Stories

Sage burns Parkinson's bridge, flunking first of 4 midphase tests for key prospect

Sage Therapeutics has set a bad PRECEDENT for dalzanemdor. The therapy failed to improve cognitive ability in a phase 2 Parkinson’s disease study, setting Sage off on the wrong foot at the start of a sequence of readouts that will define the future of the molecule.

Lilly Alzheimer's med glides out of Leqembi's slipstream with FDA adcomm request

Fervent FDA watchers may note that the FDA typically warms to subsequent drugs in a class as they come in for review. But the Alzheimer’s space has never been like any other therapeutic area, so why would the regulatory process be any different?

Sanofi shrinks IGM antibody partnership amid pipeline reprioritization

Sanofi’s global collaboration with IGM Biosciences has shrunk by half. The companies will now focus only on developing three IgM agonist antibodies for immunology and inflammation and shed three related oncology targets.

Ultimovacs lays off 40% of staff to survive in wake of cancer vaccine's phase 2 fail

Ultimovacs previously hinted at a dash to preserve cash following the failure of its cancer vaccine in a phase 2 trial. Now, the Norwegian biotech has revealed that 40% of staff will be jettisoned to keep the company afloat next year.

Lilly's Prevail walks away from gene editing collab with Precision

Nine months after Eli Lilly’s Prevail Therapeutics reduced the biobucks value of a gene editing deal with Precision Biosciences, the Big Pharma subsidiary has walked away from the partnership entirely.

VC firm Canaan adds $100M-plus for biotech bets and tacks on a Pfizer vet to gauge early science

Canaan is adding more than $100 million to dole out to new biotechs, a year after closing an $850 million fund. A general partner for the firm expects to distribute the $1 billion over three years.

Connect Biopharma uncouples from Pfizer by scrapping long-standing eczema pact

Connect Biopharma is uncoupling from Pfizer, returning the rights to an eczema candidate it picked up in 2012 to free up cash to advance its two lead programs.

FDA wants to boost trial innovation with new center at CDER

The FDA’s Center for Drug Evaluation and Research, or CDER, has established a new center for communication between CDER staff and stakeholders involved in clinical trials, according to an announcement published April 15. The end goal is to modernize clinical trials by making it easier for sponsors to innovate on their design.

Eli Lilly's tirzepatide scores again, this time in 2 sleep apnea trials

In addition to their acclaimed efficacy against diabetes and obesity, GLP-1 drugs are gaining traction for their potential to treat a variety of other common disorders. Now, two trials have shown that Eli Lilly’s weight loss product Zepbound (tirzepatide) can help patients overcome obstructive sleep apnea (OSA).

J&J CEO says M&A strategy 'will continue' after medtech megadeals

After setting up more than $30 billion in medtech M&A spending within less than two years, Johnson & Johnson CEO Joaquin Duato said that trajectory will continue as the company looks to latch on to long-term growth.

Report: Europe leads in number of clinical trials for cystic fibrosis, North America for AML

Europe has launched the most clinical trials for cystic fibrosis treatments, while North America leads in those for acute myeloid leukemia, according to a pair of new reports from contract research organization Novotech.

Biogen CEO Chris Viehbacher sees 2023 pay fall to $4M after massive welcome package

After getting a fat check worth $30.5 million for joining Biogen as the CEO in late 2022, Chris Viehbacher saw his 2023 pay drop to just $4.1 million as the Big Biotech continues struggling.

Ransomware gang reportedly leaks data stolen in Change cyberattack

A post from RansomHub claims to have four terabytes of data stolen from Change, according to analyst Dominic Alvieri.
 
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Industry Events

Drug Development Boot Camp® VIRTUAL | Spring 2024

April ‌10-11, ‌2024

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

 

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