Lilly, Viking spell out more details behind MASH wins

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Today’s Big News

Jun 5, 2024

Bristol Myers puts more than 860 jobs on chopping block in NJ as $1.5B savings campaign rolls ahead


Lykos' MDMA treatment rejected by FDA committee, despite being '75% of the way there'


Lilly touts fibrosis win as it pads case for tirzepatide in MASH


Viking's MASH drug scored where Madrigal's didn't, but shares fall on lack of direction


AbbVie's Skyrizi regains top pharma TV ad spender title in May, but Rexulti's a close 2nd

 

Featured

Bristol Myers puts more than 860 jobs on chopping block in NJ as $1.5B savings campaign rolls ahead

Starting this month, BMS will begin the process of laying off around 863 employees in Lawrenceville, New Jersey, according to a Worker Adjustment and Retraining Notification (WARN) alert from the state. The move forms part of BMS’ campaign to shave off $1.5 billion in costs by the end of 2025, a company spokesperson said over email.
 

Top Stories

Lykos' MDMA treatment rejected by FDA committee, despite being '75% of the way there'

Lykos Therapeutics’ efforts to get the first ever MDMA treatment approved for post-traumatic stress disorder suffered a crushing blow yesterday, when an FDA advisory committee voted against recommending approval.

Lilly touts fibrosis win as it pads case for tirzepatide in MASH

Back in February, Eli Lilly teased “clinically meaningful” results around the ability of its dual GLP-1/GIP med tirzepatide to curb fibrosis in patients with fatty liver disease. Now, the company is laying out the fine details.

Viking's MASH drug scored where Madrigal's didn't, but shares fall on lack of direction

Viking Therapeutics is pulling up some extra long boats full of reasons its metabolic dysfunction associated steatohepatitis (MASH) drug could be a winner, but executives were mum on exactly what the med’s future will be given the competitive landscape.

AbbVie's Skyrizi regains top pharma TV ad spender title in May, but Rexulti's a close 2nd

AbbVie is once again the top spender on pharma TV ads, narrowly beating April's winner, Rexulti.

Dexcom goes hands-free, connecting its G7 diabetes sensor directly to the Apple Watch

According to the company, the dedicated Bluetooth connection can deliver data and blood sugar alerts straight to a person’s wrist, such as during a workout, for example.

From one juggernaut to another: Lilly CFO Anat Ashkenazi takes same role at tech giant Alphabet

After 23 years at Eli Lilly, including the last three as its chief financial officer, Anat Ashkenazi is leaving to take the same role at a powerhouse company in a different industry. Ashkenazi, 51, has been hired by tech giant Alphabet—the parent company of Google—to become its CFO.

Novo Nordisk highlights the 'Power of Wegovy' in new campaign

When it resumed advertisements of Wegovy on U.S. TVs earlier this year, Novo Nordisk focused largely on the more emotional effects of the weight loss drug. Now, however, the Big Pharma has put the spotlight back on Wegovy’s physical effects.

ASCO: Cautious Big Pharmas double down on past wins—steering clear of radioligands and cell therapy

Digital business cards. Gilead’s virtual reality ride. Soccer’s champions league final. A motorcycle brigade. This year’s American Society of Clinical Oncology conference in Chicago marked a return to its pre-pandemic heyday.

Analysts predict myeloma market will hit $33B by 2030—and tip 1 company to take the lion’s share

The multiple myeloma market is booming. Bloomberg Intelligence (BI) forecasts sales will hit $33 billion in 2030, up almost $10 billion on last year, as Johnson & Johnson wrestles control of the blood cancer market from Bristol Myers Squibb.

Amgen's Uplizna proves its worth in another rare disease, setting up regulatory filings in US and beyond

The drug reduced the risk of immunoglobulin G4-related disease flares by 87% over placebo in a phase 3 study of 135 patients. The chronic disease currently has no approved treatments outside of steroids.

Gilead, with approval in sight, shows $4.3B liver disease drug improves outcomes out to 2 years

Gilead shared more data on its $4.3 billion, near-approval liver disease prospect Wednesday, linking the candidate to sustained improvements across two years of treatment.

Moon Surgical's robotic OR helper gets commercial green light from FDA

It’s all systems go for Moon Surgical with a new FDA green light for its Maestro robotic laparoscopy platform.

Inizio continues quest for simplified branding, merging two Engage agencies into one

In the latest brand consolidation move under the Inizio umbrella, the company’s Inizio Engage unit has combined two of its experiential design-focused agencies.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': A cell therapy reckoning

In this week's episode of "The Top Line," two journalists from the Fierce Biotech team share key insights from their four-part series on the challenges and breakthroughs in cell therapy.

 

Resources

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This paper outlines the challenges, pitfalls, & solutions associated with adding rare disease therapies to a biopharma company’s portfolio.
 

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