BenevolentAI slashes 30% of staff

Today’s Big News

Apr 23, 2024

Incyte, fresh off gaining MorphoSys drug, buys Escient for $750M 


Sanofi pulls off phase 3 LUNA landing, sparking race to regulators for BTK inhibitor


BenevolentAI lays off 30% of staff, exits US site as funding gap looms


Neurocrine-Takeda med reduces depression severity in phase 2, though analysts ask for more data detail


Pop a daily aspirin to prevent colorectal tumors? New research strengthens case 


Combining the 'best of two worlds' to boost immunotherapy response in mice with breast cancer


Alcanza buys FDI Clinical Research, adding Puerto Rico sites to trial network

The Top Line Podcast: Don’t miss out on the newest episode. Listen now.

 

Featured

Incyte, fresh off gaining MorphoSys drug, buys Escient for $750M

Incyte is dolloping another deal onto its 2024 partnership plate, buying San Diego-based Escient Pharmaceuticals for $750 million. 
 

Top Stories

Sanofi pulls off phase 3 LUNA landing, sparking race to regulators for BTK inhibitor

Sanofi’s $3.7 billion Principia Biopharma buyout has delivered a phase 3 victory. The BTK inhibitor moved the needle in a clotting disorder, clearing Sanofi to file for approval of a “multi-indication blockbuster” that it predicts could contribute to more than 10 billion euros ($11 billion) of drug launch sales.

BenevolentAI lays off 30% of staff, exits US site as funding gap looms

The cuts keep coming at BenevolentAI. Eleven months after restructuring, the AI-enabled drug developer is pulling another pivot, axing plans to launch software products, laying off another 30% of staff and closing its U.S. office.

Cloud-Based Technology Supports Complex Supply Chains

NSF TraQtion software combines decades of quality expertise with real-time digital insight in one trusted, cloud-based digital solution.

Neurocrine-Takeda med reduces depression severity in phase 2, though analysts ask for more data detail

Neurocrine Biosciences has nabbed a phase 2 win, with its investigational med in-licensed from Takeda significantly reducing depression severity among adults with major depressive disorder who haven’t benefited from at least one previous antidepressant.

Pop a daily aspirin to prevent colorectal tumors? New research strengthens case

A new study adds to the case that long-term daily aspirin use may prevent colorectal tumors from developing or spreading in some patients, with potential implications for future drugs.

Combining the 'best of two worlds' to boost immunotherapy response in mice with breast cancer

A new type of immunotherapy drug appears to be more effective than other approaches at stimulating the immune response. A drug developed using chains of natural proteins, or peptides, was better at slowing cancer growth than other types of immunotherapy in animal models, especially when paired with immune checkpoint inhibitors.

Alcanza buys FDI Clinical Research, adding Puerto Rico sites to trial network

Alcanza Clinical Research’s buying spree continues with the acquisition of FDI Clinical Research, a contract research organization based in Puerto Rico. The purchase gives Alcanza two new research facilities, one at FDI’s headquarters in San Juan and another in Mayagüez, a city on the island country’s west coast.

Novartis nominates former Bristol Myers CEO Giovanni Caforio as its new chair. Will M&A deals follow?

Giovanni Caforio, M.D., is lining up a new gig soon after handing all his Bristol Myers Squibb leadership roles over in March. The recent Big Pharma CEO, known for steering the $74 billion acquisition of Celgene, has been proposed as the new chair at Novartis for 2025.

Labcorp, Quest add new blood tests for Alzheimer's, brain tissue damage

The twin clinical testing giants Labcorp and Quest Diagnostics have each, in the past week, added to their portfolios new blood tests that aim to peek into the workings of the human brain.

Novartis 'actively' reviewing relationships with Chinese contractors amid US biosecurity crackdown: CFO

As the BIOSECURE Act threatens to upend relationships with Chinese contractors and western biopharma companies operating in the U.S., Novartis has elected not to adopt a “wait and see” attitude.

Leqembi launch hamstrung by physicians' 'therapeutic nihilism'

Eisai has recently outlined a range of ways to kick-start Leqembi’s lackluster launch, from increasing the number of neurology account specialists to adding a subcutaneous option. But a Reuters report suggests the company faces a more fundamental problem: Physicians still see Alzheimer’s disease as untreatable.

Headspace expands to direct-to-consumer mental health market

Headspace is entering the direct-to-consumer mental health coaching market, broadening its reach beyond its model of contracting with health plans and employers.
 
Fierce podcasts

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Winning formulas for the best biotech and drug names

This week on "The Top Line," we are joined by Annalee Armstrong, Senior Editor at Fierce Biotech, and Ben Adams, Senior Editor of Fierce Pharma Marketing, to discuss Fierce's take on March Madness.

 

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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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