Quest buys into AI pathology with PathAI

Today’s Big News

May 1, 2024

Pfizer plans to be ‘very active’ in obesity market but CEO mum on precise R&D plans


Pfizer sets up DTC marketing platform as Q1 sales beat expectations


WuXi Biologics withdraws from 2024 BIO convention amid worsening geopolitical tensions


BIO survey to elucidate US biopharma’s reliance on Chinese CDMOs amid decoupling threats


Quest Diagnostics carves out PathAI’s digital pathology lab, plots AI ramp up


How Lilly is using its Mounjaro millions to position as biotechs’ ‘partner of choice


Bob Nelsen on ARCH-led megarounds: ‘We want the IPO book in the seed round’

 

Featured

Pfizer plans to be ‘very active’ in obesity market, but CEO mum on precise R&D plans

Pfizer remains committed to developing an obesity treatment as rival pharmas rake in billions from their products. But just how it plans to make up for lost time is unclear.
 

Top Stories

Pfizer sets up DTC marketing platform as Q1 sales beat expectations

Following the lead of Eli Lilly, Pfizer will establish a direct-to-consumer service, selling some of its medicines online and avoiding industry middlemen. The company plans to sell products such as its COVID treatment Paxlovid and a migraine nasal spray in this way, it told the Financial Times.

WuXi Biologics withdraws from 2024 BIO convention amid worsening geopolitical tensions

WuXi Biologics has quietly pulled out of the 2024 BIO International Convention in June. The company's withdrawal from the convention comes at a point of heightened tension between Chinese biopharma service providers and certain U.S. lawmakers.

BIO survey to elucidate US biopharma's reliance on Chinese CDMOs amid decoupling threats

Facing a push for China-U.S. decoupling from Washington, the industry trade group BIO now wants to quantify the U.S.’s dependence on Chinese CDMOs through a survey.

Quest Diagnostics carves out PathAI’s digital pathology lab, plots AI ramp up

Quest Diagnostics is building out its AI cancer pathology offerings through a multi-layered deal with PathAI—acquiring some assets and licensing out others.

How Lilly is using its Mounjaro millions to position as biotechs’ ‘partner of choice’

Eli Lilly’s explosion into the weight loss space is proving fruitful for shareholders, but it’s also providing fresh opportunities for biotechs looking for a Big Pharma partnership.

Bob Nelsen on ARCH-led megarounds: ‘We want the IPO book in the seed round’

The three highest private biotech financings so far in 2024 totaled nearly $1.7 billion, led by Xaira Therapeutics’ $1 billion unveiling last week. One constant behind all three companies: ARCH Venture Partners.

Pfizer takes top spot in docs' vaccine ranking by 'huge margin'

Physicians are unequivocal about who is the big kahuna in the vaccine industry. Asked to rank vaccine manufacturers on five metrics, physicians produced a leaderboard that reads Pfizer, yawning gap, Merck.

100 not out: J&J celebrates UK centenary with new name and look

Johnson & Johnson is unveiling a new look as part of its British birthday bash. One hundred years after setting up shop in the U.K., the drugmaker is refreshing its branding and visual identity as part of a global switch.

GSK's Arexvy maintains its RSV market dominance, looks to key label expansion as Moderna's mRNA threat looms

The company's respiratory syncytial virus vaccine Arexvy takes some two-thirds of the RSV market share, GSK reported. Next up is a key FDA decision on the vaccine's use in the 50-to-59 age group, which would add another 50 million U.S. adults to its reach.

Moderna takes a 'Coffee Break' with new social media series spotlighting scientists

No 2 p.m. slump here—Moderna has launched a new video series to energize its social media followers’ midafternoon breaks.

Astellas hitches a ride in Poseida's convertible for $50M cell therapy collaboration

Astellas is in the market for a new CAR, and Poseida Therapeutics has a shiny convertible just the right size. The companies have signed an agreement, via Astellas’ subsidiary Xyphos Biosciences, to develop two cell therapy candidates for solid tumors.

Hologic picks up magnetic breast cancer marker maker Endomag for $310M

Endomag's portfolio includes the grain-sized Magseed implant and the injectable Magtrace solution to identify breast cancer lesions and nearby lymph nodes for biopsy and surgery.

Aurinia brings singer Toni Braxton to Lupus Awareness Month push

Aurinia Pharmaceuticals is using Lupus Awareness Month to get its message about screening and treatment to a wider audience. The drugmaker will play a part in meetings across May, including an event in New York where its celebrity spokesperson Toni Braxton will discuss life with lupus.
 
Fierce podcasts

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'Podnosis': Inside the plans to build a health innovation hub in New Jersey’s SciTech Scity

This week on "Podnosis," Fierce Healthcare Senior Writer Anastassia Gliadkovskaya dives into the details of the innovation hub being built in New Jersey's SciTech City.
 

Resources

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Guidance for Biotechs Choosing Next-Gen Contract GMP/CMC Labs

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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