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Today's Big News

May 22, 2023

Most expensive drugs in the US in 2023


Novartis to buy Avrobio gene therapy for $88M, leaving rest of the biotech on the shelf


It's time for Fierce Biotech's 2023 Fierce 15—nominations are NOW OPEN


FDA clears Beta Bionics’ insulin pump and automated dosing software to create artificial pancreas


Novo Nordisk pauses Wegovy marketing projects to dampen demand

 

Featured

Most expensive drugs in the US in 2023

Many of the drugs on this list will be well known to industry watchers. Last year, bluebird, plus CSL Behring and uniQure, nabbed three gene therapy nods in quick succession. Elsewhere, Novartis’ established gene therapy Zolgensma continues to orbit the top of the price rankings.
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Top Stories

Novartis to buy Avrobio gene therapy for $88M, leaving rest of the biotech on the shelf

Novartis is buying a gene therapy candidate from the cash-constrained Avrobio, striking an unusual deal that will see it pay $87.5 million without committing milestones or royalties to land the clinical-phase asset. The news comes months after Novartis was reported to be lining up a takeover of Avrobio.

It's time for Fierce Biotech's 2023 Fierce 15—nominations are NOW OPEN

Fierce Biotech is once again seeking your nominations for the best, most exciting and innovative private biotechs.

FDA clears Beta Bionics’ insulin pump and automated dosing software to create artificial pancreas

According to the FDA, Beta Bionics’ system is not only an improvement over standard, non-algorithm-guided insulin pump therapy, but is also easier to set up than other currently available artificial pancreas systems.

Novo Nordisk pauses Wegovy marketing projects to dampen demand

Any publicity, even bad publicity, is good. So goes the old saying, but, for Novo Nordisk, too much publicity for its popular weight-loss drug Wegovy is becoming a bad thing, forcing the Danish drugmaker to turn off the marketing tap for the drug.

Bristol Myers Squibb eyes phase 3 after pulmonary fibrosis drug reduces lung function decline

Bristol Myers Squibb’s idiopathic pulmonary fibrosis therapy reduced the rate of lung function decline in a phase 2 study, providing the evidence needed to start thinking about a late-stage trial.

Freenome puts down $16M to pick up fellow cancer test maker Oncimmune

The buyout hands Freenome the reins of Oncimmune’s autoantibody platform and R&D pipeline, as well as its EarlyCDT Lung blood test, which is already CE marked for use in detecting lung cancer in its earliest stages.

Eager for Linzess successor, Ironwood pays $1B for VectivBio and its phase 3 GI drug

Having tasted blockbuster success with its IBS drug Linzess, Ironwood Pharmaceuticals is willing to pay $1 billion for the chance to make lightning strike twice.

With Dupixent leading the way, Sanofi’s taking on the 'big players' in respiratory diseases: exec

Sanofi is touting the advantages of Dupixent in COPD, along with the prospects of its other pipeline treatments for respiratory disorders. These include SAR’765, which targets two pathways and has the potential to become the most effective biologic in asthma, the company said.

Bayer's blockbuster hopeful Nubeqa, AstraZeneca's Forxiga pick up nods from England's NICE

The recommendation gives Bayer another boost in its quest to make its key growth driver Nubeqa a blockbuster. As for AstraZeneca, the company's Forxiga becomes the first NICE-recommended treatment in this specific heart failure indication.

Let the Rain fall down: Biotech's shares tumble 80% as lone asset fails to improve survival in liposarcoma

Storm clouds are brewing for Rain Oncology after its lead asset failed to improve progression-free survival versus chemotherapy in a phase 3 trial of patients with liposarcoma.
 
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For sponsors, cost is a key concern when it comes to managing the supply of their clinical trials. A financial project analyst (FPA) is a specialized expert who can help control clinical supply costs and keep the project within budget. Explore the critical role that a Financial Project Analyst plays in clinical trial supply and budget management.
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Clinical Supply Solutions for the Asia-Pacific Region

Learn how Catalent’s extensive network across APAC can meet a wide range of clinical supply needs for sponsors conducting trials within the region.
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Roles and Responsibilities of Specialized Clinical Supply Experts

How can specialized expertise help you optimize your clinical supply chain? Learn about the roles and responsibilities of unique experts such as clinical supply management, project management, and financial project analysis.
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Questions You Need to Ask Your CRO About Clinical Supply

Planning on using a CRO to support your next clinical study? This infographic outlines critical areas to address at the start of the relationship in order to ensure that budget and timelines keep on track for the duration of the trial.
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Supply Services to Support Clinical Trials in Japan & Beyond

Explore Catalent’s newest clinical supply facility in Japan, including the comprehensive services & solutions it offers to help support trials both in-country & around the world.
 

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