Takeda and Pfizer restructure

Today’s Big News

May 9, 2024

'We have not seen anything similar': Novo Nordisk pens $600M obesity pact with Flagship's Metaphore


Novartis slammed for discrediting industry as 'very concerned' panel finds fault with Entresto files


As Vyvanse generics bite, Takeda sets out on $900M restructuring plan


Pfizer puts 74 Swiss jobs on chopping block as it folds Seagen into its cancer operations


FDA urges providers to ‘transition away’ from Getinge cardiovascular life support pumps


In gene therapy race, bluebird leads Vertex in activating treatment centers but trails in patient starts

 

Featured

'We have not seen anything similar': Novo Nordisk pens $600M obesity pact with Flagship's Metaphore

Novo Nordisk has penned a $600 million biobucks pact with Flagship-founded Metaphore Biotechnologies to develop up to two next-gen obesity treatments.
 

Top Stories

Novartis slammed for discrediting industry as 'very concerned' panel finds fault with Entresto files

Novartis’ Entresto team has earned the ire of the PMCPA. For the third time in 12 months, the U.K. drug promotion watchdog has found the Swiss drugmaker’s actions have brought discredit upon the pharma industry.

As Vyvanse generics bite, Takeda sets out on $900M restructuring plan

In a multi-year overhaul, the Japanese drugmaker plans to prioritize "organizational agility," procurement savings and tech efficiencies. It's all part of an effort to boost profit margins.

Pfizer puts 74 Swiss jobs on chopping block as it folds Seagen into its cancer operations

Pfizer has proposed another round of staff reductions and role changes at legacy Seagen, this time hitting Seagen’s European headquarters in Switzerland, where 74 positions could be up for the chop.

FDA urges providers to ‘transition away’ from Getinge cardiovascular life support pumps

Following 12 company recalls and nearly 3,000 reported issues since January 2023, Getinge has now drawn more scrutiny from the FDA.

In gene therapy race, bluebird leads Vertex in activating treatment centers but trails in patient starts

Five months out from their twin FDA approvals in sickle cell disease (SCD), who’s winning the race to treat patients with their respective gene therapies—bluebird bio or partners Vertex Pharmaceuticals and CRISPR Therapeutics? It’s not an easy question to answer. While Vertex leads in patient starts, bluebird has activated more treatment centers.

Takeda culls cancer, gut and inflammation drugs in R&D rethink

Takeda has taken an ax to its clinical-phase pipeline, hacking off midphase programs and early-stage prospects as part of a push to focus on its most promising prospects.

Vue Health scopes out Ionis alum as new digital innovation chief

Healthcare marketing agency Vue Health has set its sights on a new executive hire to lead its digital transformation.

Regeneron's cell medicines chief is crafting a new cell therapy 'secret sauce'

Phil Gregory’s new gig looks a whole lot like his old gig. It’s just that, under the umbrella of Regeneron, things have gotten a bit bigger.

Merck's Keytruda plus chemo comes up short as post-surgery therapy in newly diagnosed endometrial cancer

While Merck & Co.’s Keytruda already boasts a pair of approvals to treat certain forms of endometrial cancer, a recent effort to prove the PD-1 inhibitor’s worth as a post-surgery add-on therapy in newly diagnosed patients has fallen short.

5654 sets up life science group to help UK firms reach investors

British biotechs have a new ally in their struggle to secure funding. Corporate affairs consultancy 5654 & Company has joined the fight, setting up a health and life sciences team to help businesses reach funders and communicate with industry, media and political stakeholders.

Lilly's next-gen obesity drug brings Innovent a phase 3 win in diabetes

Innovent has scored another phase 3 win for mazdutide, as the Eli Lilly drug showed its superiority to Trulicity when it came to glycemic control in patients with Type 2 diabetes.

FDA elevates Tandem Diabetes Care’s iPhone app recall, after glitches drained insulin pump batteries

According to the FDA, 224 injuries have been reported as of mid-April following potential interruptions to insulin delivery, out of more than 85,000 app downloads.

Rallybio reins in preclinical R&D, while Monopar pivots to radiopharma to eke out cash

The need to stretch strained bank balances has hit pipelines once again. Rallybio and Monopar are the latest biotechs to rethink their spending, respectively stopping preclinical investment and pivoting to radiopharmaceuticals to stretch limited resources.
 
Fierce podcasts

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A closer look at 2023's top biopharma deals and what lies ahead

This week on "The Top Line," we're diving into the details of the spree of big-money biopharma deals in 2023 and examining what that means for this year.
 

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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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