Pharma R&D ROI rebounds

Today’s Big News

Apr 25, 2024

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


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


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


AstraZeneca drops GOLDILOX and the porcupine in R&D update


Sanofi crosses Sjögren's off $5B drug's hit list after phase 2 data disappoint


Regeneron signs Mammoth gene editing deal worth $100M upfront


Cidara regains rights to flu med after Janssen makes good on promise to divest


Destiny calls time on SporeGen COVID collab, while Santhera hands lonodelestat back to Spexis

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

 

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

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.

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.

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.

AstraZeneca drops GOLDILOX and the porcupine in R&D update

AstraZeneca’s first-quarter results put a twist on a fairy tale, telling the lesser-known story of GOLDILOX and the porcupine. The drugmaker axed a cardiovascular disease prospect after wrapping up the phase 2 GOLDILOX trial while stopping work on early-stage assets bought in from Ionis and Redx Pharma.

Sanofi crosses Sjögren's off $5B drug's hit list after phase 2 data disappoint

Sanofi is narrowing development of one of its 5 billion euro ($5.4 billion), “pipeline-in-a-product” assets. The French drugmaker axed Sjögren’s syndrome from the list of targeted indications for frexalimab after seeing phase 2 efficacy data—and reported a phase 3 flop for one of its tarnished former top prospects.

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.

Cidara regains rights to flu med after Janssen makes good on promise to divest

Cidara Therapeutics already knew that Janssen planned to palm off its obligations to their flu prophylaxis candidate to another entity. Now, it turns out that entity will be … Cidara.

Destiny calls time on SporeGen COVID collab, while Santhera hands lonodelestat back to Spexis

Both Destiny Pharma and Santhera Pharmaceuticals used their earnings announcements this morning to explain why a tighter clinical focus will come at the expense of one of their potential assets.

Parexel strikes multi-year deal with Palantir for clinical trial AI

Parexel has struck a multi-year deal with Palantir Technologies to integrate its artificial intelligence systems into Parexel clients' clinical trial operations. The companies did not disclose financial terms. 

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.
 
Fierce podcasts

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'The Top Line': 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.
 

Resources

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Guidance for Biotechs Choosing Next-Gen Contract GMP/CMC Labs

Choosing the right contract lab can help drug developers accelerate their timelines and generate cost-efficiencies. For insights into what to look for when selecting a GMP/CMC lab partner read this white paper which delves into a range of factors that can support your needs in both the short-term and in planning for the future.
 

Industry Events

Drug Development Boot Camp® VIRTUAL | Spring 2024

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

 

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