Antiva snags $53M for HPV work

Today's Big News

Apr 27, 2023

After gathering enough Nektar, Lilly hands back rights to immunology med post-lupus fail


Sanofi, after $8B outlay, sees M&A strategy deliver 2 more duds


AstraZeneca dumps $855M, near-approval rare disease drug after talks with regulators


AbbVie closes cystic fibrosis chapter after combo ‘just did not work’


Spurned by Big Pharma collaborators, Sangamo lays off 27% of US staff in latest refocus


After vowing to plow on past NIH, SAB's COVID-19 drug tries to find footing in omicron era


Antiva bags $53M in rare series E to finance quest for pivotal HPV treatment data

 

Featured

After gathering enough Nektar, Lilly hands back rights to immunology med post-lupus fail

The writing was on the wall for Nektar and Eli Lilly’s rezpeg collaboration, but now the Big Pharma is etching it in permanent marker. Rights for the T regulatory cell stimulator treatment are now headed back to the biotech.
 

Top Stories

Sanofi, after $8B outlay, sees M&A strategy deliver 2 more duds

Sanofi’s first-quarter update brought bad news for drug candidates acquired in buyouts worth $8 billion, with the French drugmaker removing Ablynx and Principia Biopharma molecules from its pipeline after getting a look at clinical data.

AstraZeneca dumps $855M, near-approval rare disease drug after talks with regulators

AstraZeneca has dumped a $855 million rare disease drug candidate after chalking up a pair of phase 2 flops, despite the prospect previously hitting the mark in a much larger phase 3 trial. The drugmaker disclosed the action alongside news of the jettisoning of a nonalcoholic steatohepatitis (NASH) therapy.

AbbVie closes cystic fibrosis chapter after combo ‘just did not work’

AbbVie is discontinuing all work in cystic fibrosis after a phase 2 flop, while also scrapping another phase 2 program in immunology.

Spurned by Big Pharma collaborators, Sangamo lays off 27% of US staff in latest refocus

A month after being abandoned by Biogen and Novartis in quick succession, Sangamo is now laying off around 120 employees as the genomic medicines biotech refocuses on three key areas.

After vowing to plow on past NIH, SAB's COVID-19 drug tries to find footing in omicron era

SAB Biotherapeutics vowed to plow on through the fields with a cow-plasma-based COVID-19 treatment after the National Institutes of Health (NIH) dropped out last year. Now, the data harvest from that government-partnered study is complete and the company is pointing to secondary endpoints as signs of success.

Antiva bags $53M in rare series E to finance quest for pivotal HPV treatment data

Antiva Biosciences has closed a $53 million series E round, a rare late-stage private financing that’s set to fund the company through crucial future readouts. 

Eli Lilly's weight-loss drug passes 2nd trial with flying colors, setting up likely approval

Eli Lilly’s trending weight loss candidate tirzepatide has scored its second pivotal trial win, teeing up a potential FDA approval as early as late this year.

Bristol Myers' Giovanni Caforio to hand CEO baton to commercial chief Chris Boerner

In a surprise announcement Wednesday, Bristol Myers Squibb said CEO Giovanni Caforio will end his eight-year tenure and hand the baton to chief commercialization officer Chris Boerner.

Boston Scientific still surging upward, with 12% sales bump amid product launches, M&A moves

After two straight years of quarterly sales growth, that trend hasn’t yet gone out of style for Boston Scientific.

Greenphire rolls out financial tracking tools for trial sites, sponsors and CROs

Greenphire, a clinical trial financial process automation company, rolled out a new digital platform and upgraded international payment tools aimed to aid sponsors, trial sites and CROs.

Clinical trial matchmaker myTomorrows launches AI-backed recruiting tool

MyTomorrows, a matchmaker for patients and clinical trials, has launched a beta version of its AI-supported tool to aid physicians in finding expanded access programs for treatments.
 
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'The Top Line': How Pfizer became the first in Big Pharma history to break $100B in sales, plus this week's headlines

This week on "The Top Line," we talk about how Pfizer became the first company in Big Pharma history with $100 billion in sales. We also dive into a J&J data leak, Eli Lilly's manufacturing spending plan and more of this week's top headlines.
 

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