AbbVie unveils $10B US investment

Today’s Big News

Apr 25, 2025

Summit stock crashes as Akeso shares bispecific’s first overall survival data in Keytruda head-to-head trial


HHS reverses course, says long-running women’s health study will retain funding


Following pharma's tariff trend, AbbVie unveils $10B US investment in 10 years


ALX Oncology doubles down on lead CD47 inhibitor after asset fails two midstage cancer trials


With industry's onshoring tide rolling on, Amgen blueprints $900M expansion at Ohio biomanufacturing plant


M&A remains ‘top priority’ for Big Pharmas in the face of tariff threat


Study illustrates pros, cons in AI readings of 3D mammography scans

 

Featured

Summit stock crashes as Akeso shares bispecific's first overall survival data in Keytruda head-to-head trial

Akeso has shared for the first time overall survival data from a high-profile Keytruda head-to-head trial for its PD-1xVEGF bispecific ivonescimab—and investors in its partner Summit Therapeutics aren’t taking the result too well.
 

Top Stories

HHS reverses course, says long-running women’s health study will retain funding

Days after the Women’s Health Initiative, one of the largest and longest-running women’s health studies in the world, announced that the Department of Health and Human Services was terminating some of the initiative’s funding, the agency has reversed course.

Following pharma's tariff trend, AbbVie unveils $10B US investment in 10 years

AbbVie aims to invest $10 billion in the U.S. through 2035 to support its current growth plans and expand into new areas like obesity, the company’s CEO, Rob Michael, said on a call Friday.

ALX Oncology doubles down on lead CD47 inhibitor after asset fails 2 midstage cancer trials

Just over a month after laying off staff to focus on its lead cancer candidate, ALX Oncology announced that the asset failed to meet the primary endpoints of two phase 2 trials and is scrapping further attempts in the indication as a result.

With industry's onshoring tide rolling on, Amgen blueprints $900M expansion at Ohio biomanufacturing plant

Amgen is plugging $900 million into an expansion of its biomanufacturing facility in New Albany, Ohio. The project is expected to bring the total number of Amgen jobs in the state to 750 and increase the company’s overall investment in Ohio to more than $1.4 billion.

M&A remains ‘top priority’ for Big Pharmas in the face of tariff threat

Big Pharmas aren’t letting the looming threat of potential tariffs divert them from their M&A strategies for the year—at least for the time being.

Study illustrates pros, cons in AI readings of 3D mammography scans

In an analysis of Hologic's Genius AI platform, researchers said their findings could help optimize the imaging algorithms used in breast cancer detection and diagnosis.

Caribou cuts 32% of staff, further purges pipeline to focus on 2 oncology CAR-T prospects

Caribou Biosciences is winnowing down for the second time in less than a year, dropping a leukemia CAR-T asset and laying off 32% of staff to home in on two lead allogeneic cell therapy candidates.

Gilead, 'closely attuned to' potential US policy shifts, stands by long-acting PrEP launch

As potential HIV policy changes, looming tariffs and sweeping cuts across federal drug and health agencies are posing a concern for investors, Gilead is engaging with policymakers to stress the importance of lenacapivir for PrEP, CEO Daniel O'Day said.

Chutes & Ladders—Galapagos CEO eyes exit as spinout names leader

The CEO and board chair of Belgian biotech Galapagos has announced plans to leave the islands. Paul Stoffels, M.D., will retire from the top role within the next year, once a successor is found. Stoffels joined the company in 2022 after more than 13 years at Johnson & Johnson.
 
Fierce podcasts

Don’t miss an episode

Angus on Angus: A Fierce oncology discussion

Two journalists, one name and a candid conversation—Angus Liu and Angus Chen talk cancer reporting, racial identity and being mistaken for each other.
 

Resources

eBook

Through a CRO's perspective: Innovative, Agile Solutions In Vaccine Efficacy Testing

Typical vaccine development timelines have averaged 10 years, but the time from the SARS-CoV-2 genetic sequence’s release to the submission of the first vaccine clinical trial data for regulatory review was a mere 314 days. In IQVIA Laboratories’ Vaccine eBook we focus on how contract research organizations (CROs) can best leverage strategic partnerships with sponsors to prepare for the next pandemic.
Whitepaper

Protect Your Trial Data: Endpoint, Imaging, and Safety Review

Is your clinical trial data truly reliable? Learn how a combined approach using Imaging Core Labs and Endpoint Adjudication Committees (EAC) can minimize risk, control costs, and strengthen your study from the ground up. Don’t leave success to chance—arm yourself with the insights to stay ahead.
Research

Best Practice Customer-Facing Organization Study Report

We interviewed 15 biopharma leaders on the critical success factors for building a Best Practice customer-facing organization. This report shares what we learned.
 

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