Illumina pushes further into drug discovery
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Editors Note: We're excited to announce that we've officially launched our new Fierce Life Sciences podcast, The Top Line. Every week, journalists from Fierce Biotech, Fierce Medtech and Fierce Pharma will recount the latest industry trends and why they matter. We’ll also analyze the week’s biggest business news – from mergers and marketing to drug R&D and device development. You'll find the first installment below.

Today's Rundown

Featured Story

After layoffs, BridgeBio turns to dealmaking for up to 6 drugs

After two recent layoff rounds, BridgeBio Pharma is looking to out-license six of its candidates to save capital. The biotech has been hit by the burden of the bear market after disclosing disappointing phase 3 results last year.

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Top Stories

Bye-bye: Xencor culls 2 bispecifics after early-phase solid tumor data underwhelm

Two bispecific antibodies have failed to make the grade at Xencor. The biotech is culling the pair of drug candidates in response to early-phase solid tumor studies that suggested they lack a competitive clinical profile.

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Illumina steps deeper into drug discovery with Deerfield, Janssen partnerships

The DNA sequencing giant will partner with the investment firm Deerfield Management to tackle the genetic underpinnings of disease, and it will also work with J&J's Janssen on cancer tests and research.

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Sponsored: Progress with Promise with Ibex® Design’s 11-month DNA to IND guarantee

Exactly what you need from your DNA to IND partner to succeed. A unique guarantee of speed and quantity, backed by Lonza’s 35 years of experience in biologics, for a fixed price.

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With Sarepta in its sights, PepGen prices IPO to fund DMD trials

PepGen has refueled in the race to develop a next-generation rival to Sarepta’s Exondys. The biotech missed the bottom end of its IPO range but upped the share count, enabling it to reel in $108 million to challenge Sarepta for the Duchenne muscular dystrophy (DMD) market.

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Sponsored: With the makings of a hub, NYC primed to be life sciences leader

With a $1 billion public investment, diverse talent and science, space, and funding, NYC emerges as a global leader in life sciences.

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VistaGen says regulators couldn’t sniff out abuse potential of its nasal spray for social anxiety

VistaGen says regulators gave the green light to continue the development of its nasal spray to treat social anxiety without an additional abuse trial. The update comes as VistaGen expects data from its first phase 3 trial in the coming weeks.

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Orion aims to challenge Vertex with new pain management licensing deal

After announcing staff layoffs and an R&D pivot in March, the first evidence of Orion’s increased focus on pain management has materialized in the form of a licensing deal that will put it up against Vertex. Orion will pay Jemincare $15.9 million to develop and commercialize the preclinical, non-opioid pain therapy JMKX000623.

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Back where it started: FDA restricts use of J&J's COVID-19 shot because of blood clot threat

The FDA has restricted the use of the Johnson & Johnson COVID-19 vaccine because of the threat of rare but serious blood clots. The U.S. regulator is limiting use of the shot to those 18 and older who cannot access other vaccines or those who “elect to receive the Janssen COVID-19 Vaccine because they would otherwise not receive a COVID-19 vaccine.”

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'Who wants to make money?' Court documents outline wild fraud scheme targeting Gilead HIV meds

The "Kingpin" defendants, who Gilead sued over a scheme to defraud the company's access program, settled for undisclosed amount and were permanently banned from the program. Court documents reveal how they were able to swindle millions from the drugmaker.

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Vertex, riding high on Trikafta, isn't just a rare disease company, execs say

Cystic fibrosis may be Vertex Pharmaceuticals’ commercial bread and butter, but the drugmaker shouldn’t be pigeonholed as a rare disease company, executives said on a call with analysts Thursday. The company's strategy is more about leveraging niche markets, they explained, flagging an “enormous” opportunity posed by the company’s closest commercial prospects in blood disorders and pain management.

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Tempus inks partnership with VA to scale up precision medicine for veterans with cancer

Tempus, a company that uses artificial intelligence to advance precision medicine, has notched a partnership with the Department of Veterans Affairs to provide patients with cancer access to cutting-edge genetic testing to improve treatment.

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New data show estimated uninsured rate in 2021 recovers slightly from highs of 2020

An estimated 30 million people in the U.S. did not have insurance coverage last year, a slight improvement over the 31.6 million out of coverage in 2020.

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'The Top Line' podcast: Biogen's overhaul reaches CEO level; the most influential people in biopharma; plus this week's headlines

This week on "The Top Line," we discuss why Biogen’s overhaul reached the CEO level and dive into next steps at the company. We also discuss the most influential people in biopharma and the week's biggest headlines.

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Chutes & Ladders—Biogen CEO Vounatsos steps down amid company overhaul following Aduhelm blunder

Biogen CEO Vounatsos is stepping down after a tumultuous year that included a bungled launch of the company's Alzheimer's treatment, Aduhelm. Pfizer vaccine R&D head Jansen slated to retire at the end of the year after overseeing the development of Comirnaty. Merck Research Laboratories continues to lose staff, this time bidding farewell to Green.

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Fierce Pharma Asia—Enhertu's breast cancer nod; Biogen, Eisai's next play; FDA snubs 2 China-made cancer drugs

AstraZeneca and Daiichi Sankyo's Enhertu moves up the breast cancer treatment line. Biogen cut its Aduhelm sales team as its Eisai-led Alzheimer's asset moves into the spotlight. Two China-developed cancer drugs were hit with back-to-back FDA rejections. And more.

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Resources

Whitepaper: Medical Affairs Metamorphosis: Trends Driving Change & What They Mean

Recent trends are driving big changes in Medical Affairs. This paper explores why, and what MA teams can do to stay ahead of the curve.

eBook: Streamline HCP interactions management

Don’t miss these critical considerations when evaluating your HCP interactions management program.

Research: Healthcare Has No Borders: The Role of Rescue Sites in Times of Global Calamity

More than 570 clinical trials in Ukraine have been disrupted. Unanticipated disruptions to medical testing and clinical trials impede progress toward new breakthroughs and new therapies that millions of patients around the world hang their hope on. What role do rescue sites play?

Infographic: United Cargo: Providing Comprehensive Solutions For the Most Critical Shipments

The United Cargo team has made a commitment to pharmaceutical and medical partners that we are equipped to support their vaccine transportation needs safely and effectively across our expansive global and domestic network. The safety and security of these commodities is our priority, and we are proud to be a trusted partner in these efforts. Download infographic now.

Whitepaper: Uncovering the hidden value of quality in chemical supply

Learn how to position quality as a central component within your raw material sourcing strategies for the chemicals used throughout your workflows. Download the free whitepaper from Thermo Fisher Scientific.

Events