FDA tells customers to bin Cue’s COVID tests

Today’s Big News

May 14, 2024

Bayer slashed 1,500 roles last quarter as CEO's vision for simpler organization takes shape


AbbVie inks $2B-plus next-gen neuro deal with Gilgamesh


FDA chides Cue Health for changing its home COVID test, tells consumers to throw them out


Et voilà! New name takes top spot in reputation ranking by US patient groups


Unlike Regeneron, Bayer doesn't feel as much of a pinch from Roche's Vabysmo


Novo Nordisk's Hemlibra rival hits goals in phase 3, teeing up blockbuster showdown with Roche


FDA elevates cardiovascular catheter recalls from Boston Scientific, Route 92 Medical

 

Featured

Bayer slashed 1,500 roles last quarter as CEO's vision for simpler organization takes shape

When Bayer unveiled a restructuring in January, the company didn't provide specifics on the number of planned job cuts. Now, the size of the initial round of cuts shows that CEO Bill Anderson means business.
 

Top Stories

AbbVie inks $2B-plus next-gen neuro deal with Gilgamesh

AbbVie has inked a pact with Gilgamesh Pharmaceuticals aimed at developing next-gen therapies for psychiatric disorders.

FDA chides Cue Health for changing its home COVID test, tells consumers to throw them out

Amid layoffs and a CEO turnover, the agency said that Cue Health's undisclosed product changes “reduced the reliability of the tests to detect SARS-CoV-2 virus.”

Et voilà! New name takes top spot in reputation ranking by US patient groups

A French drugmaker has hopped across the pond and stolen the hearts of U.S. patient groups. Asked by PatientView which pharma company has the best reputation, 314 organizations coalesced around a new name: Servier.

Unlike Regeneron, Bayer doesn't feel as much of a pinch from Roche's Vabysmo

Roche’s long-acting macular degeneration drug Vabysmo—which is projected to generate sales of $3.3 billion in just its second full year on the market—has taken a chunk of the market from Regeneron and Bayer’s Eylea. But while Regeneron has felt the effects of the competition acutely, Bayer hasn’t taken quite the same hit.

Novo Nordisk's Hemlibra rival hits goals in phase 3, teeing up blockbuster showdown with Roche

Novo Nordisk is coming for Roche’s Hemlibra. A phase 3 trial of the Danish drugmaker’s challenger to the blockbuster hemophilia drug hit its primary endpoint, clearing the path for a filing for approval around the end of the year.

FDA elevates cardiovascular catheter recalls from Boston Scientific, Route 92 Medical

Both companies’ separate efforts recently received Class I recall designations from the FDA, the agency’s most severe risk category.

Genentech debuts animated short film spotlighting docs' trust in Vabysmo for their own loved ones

In time for Mother’s Day, Genentech released a new Vabysmo ad suggesting that a great way to repay your mother for her years of love and support is with a prescription for the wet age-related macular degeneration treatment.

Avenzo, BioAge-backer Sands Capital raises new $555M life sciences fund

Sands Capital has raised a $555 million fund, bringing the total amount of committed life science-specific cash to $1.3 billion. The entire firm manages more than $54 billion across public and private bets.

With 4-year data, Novo bolsters star power of obesity blockbuster Wegovy

An analysis unveiled at the European Congress on Obesity showed that Wegovy patients lost 10% of their weight, on average, over a 4-year span.

Pregnant and lactating trial participants pose little legal risk to sponsors: report

The legal risk of excluding pregnant and lactating people from clinical trials outweighs any liability of including them, a Congress-commissioned report from the National Academies of Science, Engineering and Medicine has found.
 
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This week’s episode of “The Top Line,” kicks off a series diving into the latest advancements in cell and gene therapy manufacturing. 

 

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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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