Oncology biotechs look to rally after 'nuclear winter'

Today’s Big News

Apr 18, 2024

AbbVie-bound Cerevel reports phase 3 Parkinson's victory in early win for $8.7B deal


With $290M in hand, newly emerged biotech Metsera thinks customizable combos are the future of obesity treatments


AACR: Biotechs emerge frostbitten from ‘nuclear winter,’ ready to show why they fought for survival


Vertex inches closer to acute pain market with FDA application acceptance


Biopharma M&A more than doubled in the first quarter compared to the year prior: report


Charles River launches program for animal testing alternatives 

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Featured

AbbVie-bound Cerevel reports phase 3 Parkinson's victory in early win for $8.7B deal

The backing singer in AbbVie’s $8.7 billion takeover of Cerevel Therapeutics is having its moment in the spotlight.
 

Top Stories

With $290M in hand, newly emerged biotech Metsera thinks customizable combos are the future of obesity treatments

Clinical-stage Metsera has emerged from stealth with $290 million in hand and the bold vision of ushering in the next generation of obesity and metabolic disease medicines.

AACR: Biotechs emerge frostbitten from 'nuclear winter,' ready to show why they fought for survival

A thinner, leaner biotech forest arrived at the American Association for Cancer Research conference in San Diego ready to showcase the budding data that has sprouted as a result of difficult decisions made during the sector’s so-called “nuclear winter.”

Vertex inches closer to acute pain market with FDA application acceptance

Vertex Pharmaceuticals has inched closer to bringing a new, non-opioid med to the blockbuster pain market, with the FDA accepting a rolling new drug application for the company’s NaV1.8 inhibitor VX-548 in moderate-to-severe acute pain.

Biopharma M&A more than doubled in the first quarter compared to the year prior: report

Biopharma dealmaking continues to be one of the most encouraging signs of the industry's (partial) recovery. The number of deals in the first quarter more than doubled from the same period a year ago.

Charles River launches program for animal testing alternatives

Charles River Laboratories, a major supplier of animal models, has launched a new project to cut down on animal testing in drug discovery.

Lilly's Mounjaro, Zepbound supply situation worsens as most doses now face multi-month shortages

The FDA now expects most doses of the drugs to be in "limited availability" through the second quarter. Just a few weeks ago, the agency projected the supply strain would ease ease in April.

23andMine: CEO Anne Wojcicki aims to take genetics company private

23andMe’s co-founder and CEO Anne Wojcicki has put in motion a plan to take the company private after the stock value of the DNA testing provider has collapsed by more than 97% since its multibillion-dollar market debut just three years ago.

AbbVie touts Rinvoq win in giant cell arteritis, potentially teeing up another label expansion

AbbVie's Rinvoq has racked up seven FDA approvals in recent years, and another expansion into giant cell arteritis could be in the cards after a positive trial.

FDA delivers de novo clearance to Scopio's bone marrow pathology AI for blood disorders, cancer

The company’s all-digital cell morphology analysis platform employs high-resolution microscopic imaging of samples taken during bone marrow aspiration procedures and automatically highlights different hematopoietic cell types in stained blood smears.

Elevance Health sees double-digit profit growth in Q1, posting $2.2B in earnings

Elevance Health's first-quarter profit grew by double digits year over year, reaching $2.2 billion, according to its earnings report released Thursday morning.
 
Fierce podcasts

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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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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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