GeNeuro lays off staff after long COVID fail

Today’s Big News

Jun 28, 2024

Rocket gene therapy’s flight to approval delayed by FDA rejection over manufacturing questions


Alumis downsizes IPO, tacks on private placement hours before joining Nasdaq


GeNeuro's long COVID trial fails, triggering layoffs and search for strategic alternatives


Ensho emerges with inflammatory disease portfolio from Eisai’s EA Pharma


Chutes & Ladders—Metabolic disorder biotech lands industry vet as CMO


Ethris' inhaled mRNA-based asthma drug ups its target protein without toxicity, early data show

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Featured

Rocket gene therapy’s flight to approval delayed by FDA rejection over manufacturing questions

Rocket Pharmaceuticals’ flight path to approval for Kresladi has been delayed again after the FDA issued a complete response letter (CRL) requesting additional manufacturing information.
 

Top Stories

Alumis downsizes IPO, tacks on private placement hours before joining Nasdaq

In the latest sign that biotech’s return to the public markets remains somewhat lackluster, Alumis has downsized its IPO as the company prepares to list on the Nasdaq this morning.

GeNeuro's long COVID trial fails, triggering layoffs and search for strategic alternatives

GeNeuro reported the near-total failure of its phase 2 long COVID trial Friday, telling investors it saw no effect on the primary endpoint and most secondary goals. The biotech responded by laying off staff and seeking strategic alternatives.

Why early market access planning is crucial in CGT commercial strategy

CGT companies should consider developing a market access strategy early in clinical development, ideally more than three years prior to launch.

Ensho emerges with inflammatory disease portfolio from Eisai’s EA Pharma

Ensho Therapeutics has emerged with an inflammatory disease therapy portfolio from Eisai’s GI subsidiary EA Pharma, including a phase 2-ready clinical program in ulcerative colitis (UC).

Chutes & Ladders—Metabolic disorder biotech lands industry vet as CMO

Longtime biopharma leader Salomon (Sam) Azoulay, M.D., has joined endocrine and metabolic disorder-focused MBX Biosciences, where he’ll serve as chief medical officer. 

Ethris' inhaled mRNA-based asthma drug ups its target protein without toxicity, early data show

Ethris GmbH’s mRNA-based treatment to prevent viral infections in people with uncontrolled asthma so far appears to be safe and increases expression of its target protein, early data suggest. 

Without Pfizer appeal, Daiichi Sankyo closes long-running ADC patent arbitration with $47M win

An antibody-drug conjugate patent arbitration fight that Seagen waged against Daiichi Sankyo has officially ended in a win for the Japanese company.

Ginkgo Bioworks to lay off as many as 400 employees

After announcing a plan to reduce “labor expenses” by at least 25% in early May, the synthetic biology company disclosed this week that it will be letting go of more than a third of its workers.

Wyden blasts Express Scripts' pricing tactics, asks CMS to intervene

Sen. Ron Wyden, not letting PBMs out of his sights, is urging CMS to better enforce rules that could curb unfair practices by Express Scripts and other major PBMs.

Spain's Rovi receives offers for potential sale of €2B-plus CDMO group

Rovi's potential CDMO unit sale has attracted buyout offers, the company confirmed. The unit generated 409 million euros last year.

FDA, Gates Foundation team up on breath-based diagnostic test development

The TB-focused project with the FDA follows up on the Gates Foundation's interest in breath biopsy tests developed by Owlstone Medical.

Fierce Pharma Asia—Daiichi, Merck's FDA rejection; Wegovy's expansion; Takeda CEO's hunt for China deals

The FDA rejected Daiichi Sankyo and Merck's HER3 antibody-drug conjugate. Novo Nordisk's weight-loss star Wegovy secured approval in China. After two large licensing deals, Takeda's CEO is open to more partnerships with Chinese biotechs. And more.
 
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The best biopharma M&A deals 

In today’s episode of "The Top Line," Fierce Biotech’s Annalee Armstrong and James Waldron discuss what they think are the best and smartest biopharma acquisitions in recent years.  
 

Resources

Whitepaper

2024 Life Sciences Industry Outlook

The definitive report on the state of our industry.  Readers will gain an understanding of key indicators to monitor, future predictions, and guidance for investors and founders navigating the therapeutic enabling tools and services, healthtech and techbio sectors through 2024 and beyond.
Webinar

Enhance your long-term cell & gene therapy success with pDNA manufacturing solutions

Watch our on-demand webinar video to learn more about the challenges in pDNA manufacturing for gene and cell therapy and how to resolve many of these barriers by partnering with our experts through the adoption of vital manufacturing technologies and strategies.
Whitepaper

A Comprehensive and Flexible Approach to CMC for Fab and Fc-Fusion Development Programs

New molecular formats are gaining momentum in today’s market. Characterizing these products and developing robust manufacturing processes can help to usher them to market and provide new treatment options for diseases which are currently challenging to treat. Read this white paper to learn more.
Whitepaper

Fresenius Medical Care gets 25x faster kidney disease insights

This detailed case study shows how Fresenius Medical Care achieved 25 times faster insights to help kidney disease patients, launching the world’s largest global database of dialysis care with fully anonymized patient data.
Whitepaper

Adding Rare Disease Products to Your Company’s Portfolio

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

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Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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