Labcorp drops $239M for Invitae portfolio

Today’s Big News

Apr 26, 2024

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


AbbVie's Skyrizi proves a worthy Humira successor with nearly matching sales ahead of potential UC nod


Labcorp picks up Invitae portfolio for $239M in bankruptcy sale


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


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


Medtronic snags FDA approval for body-sensing, closed-loop spinal cord stimulator

 

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

AbbVie's Skyrizi proves a worthy Humira successor with nearly matching sales ahead of potential UC nod

As Humira continues its sales free fall, newer Skyrizi is proving a worthy successor with nearly matching sales ahead of an upcoming FDA decision in ulcerative colitis.

Labcorp picks up Invitae portfolio for $239M in bankruptcy sale

According to Invitae the transaction covers “substantially all of the company’s assets”—though the testing giant Labcorp described them as “select.”

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.

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.

Medtronic snags FDA approval for body-sensing, closed-loop spinal cord stimulator

The Inceptiv implant for chronic pain aims to keep pace with the body’s nerve activity as the patient goes through their daily life.

Gilead writes $2.4B off Trodelvy as CEO underscores ‘time of focused execution’

After a negative phase 3 readout, Gilead Sciences is taking a $2.4 billion impairment charge on the antibody-drug conjugate Trodelvy. With a busy year ahead across therapeutic areas, CEO Dan O'Day emphasized a "time of focused execution."

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.  

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.
 
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'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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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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