Lilly looks at cessation potential of GLP-1 meds

This Week

Jun 16, 2023

Eisai, Biogen's Alzheimer's drug Leqembi wins over FDA experts in unanimous vote 


Novartis inks $3.2B Chinook buyout to lift kidney disease plans 


Know Labs unveils first prototype of portable, noninvasive glucose monitor 


'I don't have a checklist': Seagen CEO talks about his next stop, Pfizer deal and the ADC landscape 


BIO: Can GLP-1s help you quit smoking or drinking? Lilly is looking into it—cautiously 


'The Top Line': News from BIO's annual conference, plus this week's headlines   

 

Featured

Eisai, Biogen's Alzheimer's drug Leqembi wins over FDA experts in unanimous vote

After a daylong discussion among experts on an FDA advisory committee, Eisai and Biogen's Leqembi is heading into the final stretch of its regulatory review on strong footing.
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Top Stories

Novartis inks $3.2B Chinook buyout to lift kidney disease plans

Novartis wants to give a $3.2 billion lift to its kidney disease pipeline. While working to generate phase 3 data on its own IgA nephropathy candidate, the Swiss drugmaker has seized the chance to buy Chinook Therapeutics for a pair of late-stage programs targeting the rare, progressive chronic kidney disease.

Know Labs unveils first prototype of portable, noninvasive glucose monitor

On the heels of sharing study results demonstrating that its Bio-RFID technology could accurately measure blood sugar levels completely noninvasively, Know Labs has built the first iteration of the hardware that’ll house that technology.

'I don't have a checklist': Seagen CEO talks about his next stop, Pfizer deal and the ADC landscape

David Epstein’s short tenure as Seagen’s CEO will likely end soon with the antibody-drug conjugate specialist’s sale to Pfizer. After a rich career spanning companies of various sizes, Epstein is keeping an open mind about where he might head next.

BIO: Can GLP-1s help you quit smoking or drinking? Lilly is looking into it—cautiously

Lilly is aware of and “closely looking into” anecdotes that patients taking GLP-1 drugs seem to have an easier time quitting alcohol or cigarettes—but proving a genuine impact is easier said than done. 

Bayer needs 'midsize acquisition' to reach $10B oncology sales goal, exec says

Bayer recently laid out its ambition to achieve $10 billion in sales from its oncology business by 2030 and become a top 10 cancer drug player. To get there, the company is looking outside for a “midsize acquisition,” Bayer’s oncology chief Christine Roth said.

AstraZeneca pays $85M to Quell Type 1 diabetes with 'one and done' cell therapy

AstraZeneca is joining Bristol Myers Squibb in the emerging autoimmune cell therapy space, paying Quell Therapeutics $85 million upfront to collaborate on candidates including a “one and done” cure for Type 1 diabetes.

Sanofi goes 'all in' on AI with new app to support company's manufacturing, R&D and more

Sanofi's new app, plai, provides teams with a “360° view" to aid decision-making. The platform is one step in the company's digital transformation and goal to become the "first pharma powered by AI at scale."

Illumina CEO Francis deSouza resigns following proxy battle with Carl Icahn

Francis deSouza has resigned as CEO and director of Illumina after recently surviving activist investor Carl Icahn’s proxy fight against the company, which involved demands to remove deSouza from the DNA sequencing company’s board and replace him as chief executive.

Biogen refreshes board as chairman departs, adding a Langer while leaving 2 empty seats

Biogen has taken a step to “significantly refresh” its board of directors, departing chair Stelios Papadopoulos, Ph.D., said. But the reported romantic relationship between a new nominee and a departing member raises questions about one appointment.

Death triggers pause of 2seventy CAR-T cell therapy leukemia trial

Investigators have paused an early-phase trial of 2seventy bio’s CD33-targeted CAR-T cell therapy after a patient died. The acute myeloid leukemia (AML) patient was the first person treated in the second dose cohort of the phase 1 clinical trial.

With FTC eyeing biopharma M&A deals, Pfizer refiles paperwork for $43B buyout of Seagen

An FTC lawsuit aimed at blocking Amgen’s $27.8 billion buyout of Horizon Therapeutics has raised concerns that the United States’ antitrust watchdog is tightening the screws on major M&A moves in the biopharma industry. A month later, according to an SEC filing, Pfizer has withdrawn its notification for its proposed $43 billion acquisition of cancer drug specialist Seagen and will submit another later in the day.

BC Platforms acquires Scandinavian CRO 4Pharma for undisclosed price

BC Platforms, known for its healthcare data and analytics systems, snapped up the Scandinavian CRO 4Pharma as part of a move to expand its services.

Bristol Myers' cell therapy manufacturing site in Massachusetts is good to go, FDA says

Bristol Myers Squibb took a positive step toward beefing up its cell therapy manufacturing capabilities as the FDA gave the go-ahead for the company to begin commercial production at its sprawling facility in Devens, Mass.
 
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