FDA approves defib patch from Element Science

Today’s Big News

May 5, 2025

US net drug spending surged 11.4% last year, boosted by obesity and oncology meds: IQVIA


J&J gene therapy fails to improve visual navigation in late-stage rare eye disease trial


Element Science’s wearable defibrillator patch wins FDA approval


AbbVie’s Skyrizi retakes top TV ad spending spot for the first time all year


Unity disbands workforce as it searches for strategic path forward, while Mammoth cuts 24 roles


BioNTech, gearing up for cancer drug approval filing, works to diversify supply base


Deerfield unveils $600M for emerging healthcare therapeutics and tech

 

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US net drug spending surged 11.4% last year, boosted by obesity and oncology meds: IQVIA

Last year's $50 billion increase in net drug spending marked a period of "historic growth" that was only surpassed by 2021's COVID-19 vaccine launches, according to a new report from life sciences intelligence firm IQVIA.
 

Top Stories

J&J gene therapy fails to improve visual navigation in late-stage rare eye disease trial

Johnson & Johnson bought the full rights to a rare disease gene therapy a few years ago, but now the Big Pharma may be feeling buyer’s remorse. The treatment failed to improve the vision-guided mobility of patients with the eye disease X-linked retinitis pigmentosa (XLRP) in a phase 3 trial, the company announced in a May 2 release.

Element Science’s wearable defibrillator patch wins FDA approval

The Jewel wearable cardioverter defibrillator system can be worn during sleep and showers, with its low-profile and water-resistant design.

AbbVie’s Skyrizi retakes top TV ad spending spot for the first time all year

After a 2024 in which AbbVie’s Skyrizi boasted the highest TV drug ad spending outlay on seven of our monthly roundups—and took second place in four more—the immunology med has seen that dominance slip in 2025.

Unity disbands workforce as it searches for strategic path forward, while Mammoth cuts 24 roles

Both companies are working on workforce optimization efforts, prompting a headcount reduction of 24 at Mammoth and sweeping changes across Unity's workforce.

BioNTech, gearing up for cancer drug approval filing, works to diversify supply base

BioNTech is making plans to debut on the commercial oncology scene. Part of that effort involves mapping out a larger manufacturing footprint.

Deerfield unveils $600M for emerging healthcare therapeutics and tech

Deerfield Management has unveiled the third installment of its healthcare innovations fund, earmarking more than $600 million for promising therapeutics and technologies.

Ex-Moderna brand chief Kate Cronin joins Medtronic Diabetes as marketing head

A little over a month after announcing her departure from Moderna, Kate Cronin has begun her “next adventure.”

Vertex discontinues AAV research for gene therapies

Vertex Pharmaceuticals is no longer developing adeno-associated viruses as gene therapy vectors, a company spokesperson confirmed with Fierce Biotech.

After striking out in bankruptcy court, Johnson & Johnson goes after expert witness in talc cases

After failing to resolve tens of thousands of talc lawsuits with three unsuccessful bankruptcy attempts, Johnson & Johnson is resuscitating another strategy—seeking to discredit an expert witness who has supported claimants who say that the company’s talc products caused their cancer.

Lilly enlists ‘Modern Family’ star for musical Mounjaro campaign

To help spread the message that managing Type 2 diabetes “doesn’t have to be a solo act,” Eli Lilly, fittingly, is assembling a star-studded team.

Several months after Exscientia merger, AI biotech outfit Recursion reworks pipeline

Recursion is “deprioritizing” three clinical-stage programs, pausing another and winding down a single preclinical program in an undisclosed target, the company revealed in its first-quarter financial results Monday. The biotech said it will specifically look to either discontinue the programs or pass them on via partnerships.
 
Fierce podcasts

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ElevAAte and the push for East Asian American leaders in biopharma

This week on "The Top Line," hear how the founders of ElevAAte are turning shared East Asian American experiences into collective power for the next generation of biopharma leaders.
 

Resources

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Best Practice Medical Affairs Organization Study Report

We interviewed 24 Medical Affairs leaders on the critical success factors for building a Best Practice Medical Affairs organization. This report shares what we learned.
eBook

Through a CRO's perspective: Innovative, Agile Solutions In Vaccine Efficacy Testing

Typical vaccine development timelines have averaged 10 years, but the time from the SARS-CoV-2 genetic sequence’s release to the submission of the first vaccine clinical trial data for regulatory review was a mere 314 days. In IQVIA Laboratories’ Vaccine eBook we focus on how contract research organizations (CROs) can best leverage strategic partnerships with sponsors to prepare for the next pandemic.
 

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