Layoffs hit BioMarin, 3 biotechs

Today’s Big News

May 15, 2024

Vaxxinity leaders detail retreat from 'abusive relationship' after 3 years on public market 


Blackstone unearths Uniquity Bio with $300M to explore Merck drug's I&I potential 


BioMarin sheds 170 jobs in wake of narrowed R&D refocus


Bolt Bio halves workforce and swaps out CEO, while Tenaya lays off 5th of staff


Fierce Biotech Layoff Tracker 2024: BioMarin sends 170 workers packing; Tenaya trims workforce

The Top Line Podcast: Don’t miss out on the newest episode. Listen now.

 

Featured

Vaxxinity leaders detail retreat from 'abusive relationship' after 3 years on public market

Vaxxinity, which filed to delist from the Nasdaq last month, is choosing radical transparency about the “abusive relationship” that has defined the immunotherapy medicine company’s three-year stint as a public company.
 

Top Stories

Blackstone unearths Uniquity Bio with $300M to explore Merck drug's I&I potential

Immunology and inflammation-focused drug development has become scorching hot business. This time, Uniquity Bio unveiled with $300 million from Blackstone.

BioMarin sheds 170 jobs in wake of narrowed R&D refocus

BioMarin had already announced plans to cut its pipeline in half, but now the company has confirmed that 170 employees are also leaving the building as part of the R&D restructure.

Bolt Bio halves workforce and swaps out CEO, while Tenaya lays off 5th of staff

In another tough day for biotech employees, Bolt Biotherapeutics and Tenaya Therapeutics both outlined plans to significantly scale back their workforces.

Fierce Biotech Layoff Tracker 2024: BioMarin sends 170 workers packing; Tenaya trims workforce

We really didn't want to have to create another Layoff Tracker this year. But here we are, launching the third annual iteration tracking biopharma layoffs. 

After filing hitch, Eisai and Biogen begin rolling FDA submission for subcutaneous Leqembi

Late Tuesday, Biogen and Eisai said they kicked off a rolling FDA submission for the subcutaneous version of Leqembi—which is currently infused—after winning a fast track tag from the agency.  

Radyus and Dt&CRO partner to bring more South Korean biotechs to the US

Radyus Research and Dt&CRO, a South Korean preclinical contract research organization, have agreed to share resources in a deal that will help Dt&CRO’s clients enter the U.S. pharmaceutical market and give Radyus lab testing services for clients in Asia.

What's in a clinical trial name? Breaking it down with the Brand Institute, from the acronymic to the aspirational

Naming a new trial represents a significant marketing opportunity for drug and device makers well before their products ever hit shelves, especially because study monikers, unlike drug names, aren’t subject to regulatory oversight.

The White House raises tariffs on medical supplies from China

To boost domestic medical supply manufacturing, the Biden administration is hiking up tariffs on syringes, needles, medical and surgical gloves and personal protective equipment from China.
 
Fierce podcasts

Don’t miss an episode

Fulfilling the promise of cell & gene therapies through manufacturing (Part I)

This week’s episode of “The Top Line,” kicks off a series diving into the latest advancements in cell and gene therapy manufacturing. 
 

Resources

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Learn how Specifica’s in vitro antibody discovery platform can deliver better antibodies than traditional immunization approaches.
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Explore the complex considerations of vaccine development for influenza and COVID-19, including the challenges posed by viral evolution and the importance of ongoing research in this paper by vaccine expert, Dr. Lisa Kierstead.
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Straight to Market in an Autoinjector

The use of prefilled syringes to administer biotherapeutics is beginning to gain traction because they offer a range of stability, efficacy, and patient safety benefits. Download now to learn how Lonza has developed a novel workflow to ensure confidence regarding functionality in PFS and autoinjectors.

 

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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