Farapulse sparks growth for Boston Scientific

Today’s Big News

Apr 25, 2024

UPDATED: Bristol Myers cutting $1.5B in costs in less than 2 years, with 2,200 employees impacted in 2024


AstraZeneca CEO says platform deals largely done after M&As in vaccines, radioligand, cell therapy


Boston Scientific sees 70% electrophysiology growth after Farapulse pulsed-field ablation launch


Neurocrine spotlights challenges of congenital adrenal hyperplasia patients with ‘What the C@H?!’ campaign


Bristol Myers Squibb leans on long-term growth drivers, strategy overhaul to dodge IRA impacts


Under new leadership, BioMarin axes 4 candidates and centers on 3 assets


UW’s Baker Lab researchers make AI strides in drug-like peptides


Biogen plots 30% Leqembi field force bump, omnichannel campaigns as launch enters new phase

 

Featured

UPDATED: Bristol Myers cutting $1.5B in costs in less than 2 years, with 2,200 employees impacted in 2024

Bristol Myers Squibb is cutting $1.5 billion in costs through 2025, including layoffs to more than 2,000 employees in 2024. The pharma says it will reinvest the capital into high-performing assets.
 

Top Stories

AstraZeneca CEO says platform deals largely done after M&As in vaccines, radioligand, cell therapy

After AstraZeneca’s recent acquisitions of various technologies across different therapeutic areas, some investors started to wonder if the British pharma is stretching too thin. CEO Pascal Soriot argued the deals were made to build the company’s future.

Boston Scientific sees 70% electrophysiology growth after Farapulse pulsed-field ablation launch

“This is the most transformational product that I've seen in my career with the company,” CEO Mike Mahoney said on Boston Scientific’s first-quarter earnings call this week.

Neurocrine spotlights challenges of congenital adrenal hyperplasia patients with ‘What the C@H?!’ campaign

Neurocrine Biosciences’ newest educational campaign wants frustrated congenital adrenal hyperplasia patients to ask, “What the C@H?!”

Bristol Myers Squibb leans on long-term growth drivers, strategy overhaul to dodge IRA impacts

Facing pressure from the Inflation Reduction Act and falling sales for CAR-T therapy Abecma, Bristol Myers Squibb CEO Chris Boerner says the Beyenzi-maker had a "good start" with the first quarter. 

Under new leadership, BioMarin axes 4 candidates and centers on 3 assets

After BioMarin’s new leadership conducted a “strategic R&D asset review,” the company is prioritizing three of its “most productive” assets, leaving four candidates on the wayside.

UW’s Baker Lab researchers make AI strides in drug-like peptides

Researchers at the University of Washington’s Institute for Protein Design have put forward a paper showing its AI algorithms can help create millions of never-before-seen drug-like peptides—a field that Big Pharmas have described as the next wave of drug discovery.

Biogen plots 30% Leqembi field force bump, omnichannel campaigns as launch enters new phase

Biogen and Eisai are ready to ramp up their Leqembi sales and marketing push. After a slow start, Biogen is now planning to grow its U.S. field force by 30% as it works with Eisai on direct to patient and caregiver omnichannel marketing campaigns.

Novo Nordisk lands back in Sanders' crosshairs, this time over steep costs of Ozempic and Wegovy

Just a few months after laying into CEOs from Bristol Myers Squibb, Merck & Co. and Johnson & Johnson about the high costs of their drugs, Sen. Bernie Sanders, I-Vermont, is taking Novo Nordisk to task for allegedly turning its blockbuster GLP-1s Ozempic and Wegovy into “luxury goods.”

Regeneron signs Mammoth gene editing deal worth $100M upfront

Regeneron is signing another major deal in gene editing—and, this time, it’s Mammoth. Mammoth Biosciences, that is. The two companies will collaborate on in vivo CRISPR-based gene editing therapies in a deal worth $100 million upfront plus $370 million in milestones per target.

Sanofi leans on COPD as 'next major growth pillar' for its immunology star Dupixent: CEO

Even as new Sanofi drugs like Beyfortus and Altuviiio come into their own, the French pharma’s immunology powerhouse Dupixent shows no signs of slowing down. In fact, Sanofi is already gearing up for the antibody’s potential debut in what CEO Paul Hudson dubbed the drug’s “next major growth pillar.”

Big Pharma's ROI for drug R&D saw 'welcome' rebound in 2023: report

Keen watchers of Deloitte’s annual reports on Big Pharma will have noticed a depressing trend—ever-increasing costs for developing drugs over the past decade as the return on investment sinks.
 
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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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