Gilead gives up on $4.9B drug

Today’s Big News

Apr 26, 2024

Bristol Myers Squibb closes immuno-oncology, cell therapy-focused Redwood City site


Gilead gives up on $4.9B antibody as solid tumor plan unravels


Takeda ditches industry trade group BIO following exits by WuXi AppTec, Pfizer and UCB 


Chutes & Ladders—Ex-Stanford president will lead new billion-dollar biotech


Fierce Biotech Layoff Tracker 2024: BMS to cut 2K+ roles; Tessera trims workforce in shift to clinic


Pfizer scores FDA nod for hemophilia B gene therapy, will charge $3.5M per dose


'The Top Line': A look at pharma revenue rankings

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

 

Featured

Bristol Myers Squibb closes immuno-oncology, cell therapy-focused Redwood City site

Bristol Myers Squibb is closing a 256,000 square-foot research facility in Redwood City, CA as part of the company's larger restructuring. Scientists at the site homed in on studying the tumor microenvironment.
 

Top Stories

Gilead gives up on $4.9B antibody as solid tumor plan unravels

A $4.9 billion hole has appeared in Gilead’s pipeline. After years of setbacks, the big biotech dealt a final blow to its anti-CD47 monoclonal antibody magrolimab Thursday by removing the remaining solid tumor trials from its pipeline.

Takeda ditches industry trade group BIO following exits by WuXi AppTec, Pfizer and UCB

The company opted not to renew its Biotechnology Innovation Organization (BIO) membership for its next fiscal year.

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.

Chutes & Ladders—Ex-Stanford president will lead new billion-dollar biotech

Last year was a difficult one for ex-Stanford president Marc Tessier-Lavigne, Ph.D. An investigation into his prior research from the campus’ student newspaper ultimately led to his resignation. But the once-chief scientific officer of Genentech is now back in biotech.  

Fierce Biotech Layoff Tracker 2024: BMS to cut 2K+ roles; Tessera trims workforce in shift to clinic

We really didn't want to have to create another Layoff Tracker this year. But here we are, launching the third annual iteration tracking biopharma layoffs. 

Pfizer scores FDA nod for hemophilia B gene therapy, will charge $3.5M per dose

Ten years after dipping its toe into the gene therapy pool in a licensing deal with Spark Therapeutics, Pfizer has gained an FDA approval for the acquired treatment. The U.S. regulator has endorsed Beqvez for adults with the bleeding disorder hemophilia B. It becomes the first FDA-approved gene therapy for Pfizer, which will charge $3.5 million for the single-dose drug.

'The Top Line': A look at pharma revenue rankings

This week on "The Top Line," Fierce Pharma Senior Editor Eric Sagonowsky and Senior Writer Kevin Dunleavy are diving into our annual top pharma companies by revenue special report.

Fierce Pharma Asia—Novartis reworks China ties; Neurocrine-Takeda med passes depression test; Enhertu nears key readout

Novartis has started cutting ties with Chinese contractors amid a potential threat from the BIOSECURE Act. A depression drug candidate that Neurocrine licensed from Takeda succeeded in a phase 2 trial. AstraZeneca and Daiichi Sankyo's Enhertu is on the cusp of a key readout in HER2-low breast cancer.

Hospital M&A studies highlight higher prices, tepid antitrust intervention

Two academic studies published this week sought to characterize cross-market deals and whether the FTC is taking a strong enough stance on blocking uncompetitive deals. Both painted an unflattering picture of post-merger prices and were refuted by the hospital lobby.

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.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': A look at pharma revenue rankings

This week on "The Top Line," Fierce Pharma Senior Editor Eric Sagonowsky and Senior Writer Kevin Dunleavy are diving into our annual top pharma companies by revenue special report.
 

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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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