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Today's Rundown

Featured Story

In first M&A strike, Paul Stoffels lays out 5-year plan to turn Galapagos around

Five years may not seem long to turn around a struggling biotech. But that’s the time frame that recently installed Galapagos CEO Paul Stoffels has given himself to reorient the company around his mantra of: “Let’s focus on the patient.”

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Top Stories

uniQure shares spike as investors see bright spot in 12-month Huntington's gene therapy data

Investors keenly awaiting one-year safety data from uniQure’s Huntington’s disease gene therapy have rewarded the company with a 20% share bump, as the data showed a clear safety profile.

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RedHill slashes US commercial team by a third, makes move on approved GI drug to boost coffers

RedHill Biopharma will lay off a third of its U.S. commercial team as the Israeli biotech looks to claw back $50 million in savings while eyeing up a deal for an approved gastrointestinal drug.

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Novartis, GSK commit $1.25B to R&D spending plan for tropical diseases and beyond

Novartis is pumping $250 million into neglected tropical disease and malaria elimination R&D, while GSK has pledged $1 billion over 10 years to further innovation in malaria, tuberculosis and HIV.

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CHoMP: Westphal's Dem gobbles up $70M in Pfizer-backed round to fund macrophage cancer R&D

Christoph Westphal is back with another biotech, joining with scientists including Jonathan Weissman, Ph.D., to work on signals that dictate whether macrophages gobble up cancer cells. The startup, Dem BioPharma, is beginning life with $70 million and former Trillium Therapeutics CEO Jan Skvarka in a leading role.

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Ex-girlfriend of former Immunomedics CFO Usama Malik pleads guilty to fraud

Lauren Wood, former head of corporate communications for biotech Immunomedics, has pleaded guilty to securities fraud after buying stock in the company based on a tip from former boyfriend Usama Malik, Immunomedics’ chief financial officer at the time.

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Biogen terminates an Aduhelm study no thanks to restricted Medicare coverage

For Biogen’s ill-fated Alzheimer’s disease drug Aduhelm, a narrow Medicare reimbursement policy is taking a toll beyond sales. The company has pulled the plug on an observational clinical trial that was meant to collect real-world data on Aduhelm’s use in the U.S.

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Vaccine combo hits back at treatment-resistant cancer in fight backed by US Department of Defense

New research shows a one-two hit from an experimental vaccine combo is significantly more effective at fighting off treatment-resistant cancers in animal models than either approach by itself—and the Department Defense is throwing down money to move the science into the clinic.  

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VC funding has slowed and valuations are down. Here's why some investors are excited about the digital health startup market now

In just the past six months, there have been dramatic shifts in the startup environment. Current trends indicate a market correction is underway. But some venture capital investors say they are excited about this market “reset,” as it represents an opportunity for mission-driven founders to thrive.

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Enzyme inhibitor could counter bad 'seeds' that let leukemia bounce back

Leukemia is notorious for being very aggressive and hard to eradicate from the body. The culprits are leukemic stem cells—known as “seed” cells—that drive resistance to chemotherapy and can trigger a relapse of the cancer.

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FDA adds Class I tag to Dräger’s recall of 36K ventilator filters

As ventilators and other respiratory devices became more crucial than ever throughout the COVID-19 pandemic, so too did any safety issues embedded in the machines become more apparent.

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Senate bill to limit insulin costs to $35 per month nears floor debate, Schumer says

So far in the Biden administration, lawmakers haven't been able to come to terms on drug pricing measures. But one issue could be gaining steam in the Senate.

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Resources

Whitepaper: Medical Affairs Metamorphosis II: Medical Affairs’ Evolving Role as Insight Generator

Medical Affairs plays a critical role in generating insights to inform strategic decisions, but that role is changing. This paper explores why, and how MA teams can stay ahead of the curve.

eBook: Streamline HCP interactions management

Don’t miss these critical considerations when evaluating your HCP interactions management program.

White Paper: Jump Start for Biotech: New Lab Startup Guide

Sponsored by Thermo Fisher Scientific The journey for starting or expanding a lab can be exhilarating, while also being challenging--learn how this free program provides savings and solutions to support your goals.

eBook: Download the Cell Therapy Handbook

Explore the new cell therapy handbook from Thermo Fisher Scientific.

Whitepaper: Gain Operational Speed and Velocity by Sharing Quality Incident Data

Quality operations guide your organization through regulatory compliance processes and safeguard your products, processes, and reputation. But your team is capable of so much more. Quality incident data and processes can be a driver of significant business value if shared with other stakeholders.

Whitepaper: Catalent Pulmonary & Nasal Delivery Capabilities Sheet

Did you know Catalent has newly expanded in-house capabilities spanning clinical and commercial scale manufacturing for DPIs, unit-dose, bi-dose and preserved multi-dose nasal sprays?

eBook: Orally Inhaled & Nasal Drug Delivery: A Pipeline of Opportunities

Orally Inhaled & Nasal Drug Delivery: A Pipeline of Opportunities

Whitepaper: Intranasal Drug Product Development: Formulation to Manufacturing

What are key considerations for intranasal delivery in the treatment of acute and chronic conditions?

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