Philips inks $1.1B CPAP settlement

Today’s Big News

Apr 30, 2024

Lilly cranks up outlook, banking on GLP-1 production expansions despite continuing supply squeeze


Novartis pays PeptiDream $180M as radiopharma big bang continues


Philips signs $1.1B settlement in CPAP recall injury litigation, takes $578M insurance payout


Bristol Myers, Johnson & Johnson plot appeal after US judge dismisses IRA lawsuits


Sweet Harmony: Neuro biotech buys Epygenix and its epilepsy meds for $35M upfront


GE HealthCare’s first quarter revenue falls flat after China sales slide


Eli Lilly’s growth drivers, Verzenio and Jardiance, suffer clinical setbacks


How gut enzymes could make universal donor blood possible

 

Featured

Lilly cranks up outlook, banking on GLP-1 production expansions despite continuing supply squeeze

While Eli Lilly's supply for Mounjaro and Zepbound is scheduled to increase during the second half of the year, demand is still expected to outpace supply through 2024 and possibly into 2025, executives said.
 

Top Stories

Novartis pays PeptiDream $180M as radiopharma big bang continues

Novartis is pumping another $180 million into its radioligand plan, handing the cash to serial dealmaker PeptiDream to expand a peptide-drug conjugate collaboration.

Philips signs $1.1B settlement in CPAP recall injury litigation, takes $578M insurance payout

Philips has reached a $1.1 billion agreement to settle claims from about 58,000 people stemming from its yearslong recall of home CPAP ventilators and sleep apnea machines.

Bristol Myers, Johnson & Johnson plot appeal after US judge dismisses IRA lawsuits

A federal judge tossed lawsuits by Bristol Myers Squibb and Johnson & Johnson, which questioned the constitutionality of the U.S. government requiring drugmakers to negotiate with Medicare on drug pricing. And AstraZeneca has filed its challenge to a federal appeals court following a similar defeat.

Sweet Harmony: Neuro biotech buys Epygenix and its epilepsy meds for $35M upfront

Harmony Biosciences is spending $35 million upfront to buy Epygenix and its epilepsy meds. It's the neuroscience biotech's second deal in less than a month after it bought an orexin-2 inhibitor from Bioproject.

GE HealthCare’s first quarter revenue falls flat after China sales slide

GE HealthCare missed its revenue goals for the first quarter after sales in China dipped 11%, compared to the boosts the company saw in the region during the same period the year prior.

Eli Lilly’s growth drivers, Verzenio and Jardiance, suffer clinical setbacks

Besides the diabetes and obesity duo of Mounjaro and Zepbound, the SGLT2 inhibitor Jardiance and the CDK4/6 cancer drug Verzenio were cited as the main growth drivers for Eli Lilly’s first quarter. But both meds had some bad news to report from late-stage clinical trials.

How gut enzymes could make universal donor blood possible

Finally, some bloody good news: Researchers have identified new enzymes that bring science closer to developing universal donor blood. In an article in Nature Microbiology, a team of researchers from the Technical University of Denmark and Lund University detailed how they discovered gut bacteria enzymes that remove not only A and B antigens from red blood cells but also other components that have historically hampered progress toward universal donor blood.
 
Fierce podcasts

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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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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

April ‌10-11, ‌2024

On Helix

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

 

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