Medtech M&A, VC funding slows to crawl

Today's Big News

Jul 10, 2023

Merck, Moderna unveil phase 3 trial details for closely watched mRNA cancer vaccine


Novartis pledges to appeal after Delaware court nixes patent on big-selling Entresto


Medtech M&A, VC funding slowed to snail’s pace in the first half of 2023: Evaluate


J&J capitalizes on Nanobiotix cash crunch to capture late-phase cancer candidate for $30M upfront


Novavax to receive $350M from Canada for canceled COVID vaccine orders


Outset Medical faces FDA warning letter over hemodialysis system labeling, accessories

 

Featured

Merck, Moderna unveil phase 3 trial details for closely watched mRNA cancer vaccine

After a major phase 2 win that stirred up much excitement within the oncology community, Merck has officially formulated a pivotal trial plan for its Moderna-partnered mRNA cancer vaccine mRNA-4157.
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July 18-19, 2023 | Jersey City, NJ
 

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Novartis pledges to appeal after Delaware court nixes patent on big-selling Entresto

After a Delaware district court ruled a 2025 Entresto combination patent is invalid, Novartis will head to the U.S. Court of Appeals for the Federal Circuit in an effort to reverse the decision. The setback comes after the company won an Entresto patent fight against Mylan in a West Virginia court.

Medtech M&A, VC funding slowed to snail’s pace in the first half of 2023: Evaluate

After experiencing a boom in 2021 to make up for the dearth of dealmaking in 2020, M&A moves and VC fundraising in the medtech industry have been on a steady downward slope.

J&J capitalizes on Nanobiotix cash crunch to capture late-phase cancer candidate for $30M upfront

Johnson & Johnson has seized on the cash crunch at Nanobiotix to pick up a phase 3 cancer prospect for $30 million upfront. The deal gives J&J global rights to a candidate, NBTXR3, that is designed to enhance the efficacy of radiotherapy to improve outcomes in tumor types including head and neck cancer.

Novavax to receive $350M from Canada for canceled COVID vaccine orders

Canada has canceled some COVID-19 vaccine deliveries from Novavax and will pay $350 million to fully compensate the company for those unused doses. The survival of the Maryland-based company now depends on the successful delivery of an updated COVID shot this fall.

Outset Medical faces FDA warning letter over hemodialysis labeling, accessories

Just a few months after getting back on track after pausing shipments of its Tablo hemodialysis system to secure an updated FDA clearance for at-home use of the technology, Outset Medical is facing another potential regulatory setback.

BeiGene links future to DualityBio, inking backloaded $1.3B deal for solid tumor ADC

Duality Biologics has caught the eye of another global biotech. Months after inking a deal with BioNTech, the antibody-drug conjugate (ADC) specialist has granted BeiGene an option on a preclinical asset in return for a financial package worth up to $1.3 billion.

Samsung Biologics, after expanding Pfizer collab, inks Novartis production deal worth $391M

Samsung Biologics said in a Monday regulatory filing that it’s inked a $390.9 million deal to help crank out Novartis drugs. The latest production pact builds on an earlier tie-up worth $81 million.

Quanterix launches prescription blood test for Alzheimer’s disease

The diagnostics company Quanterix hopes to gain new ground following the FDA’s recent full approval of Eisai and Biogen’s Leqembi treatment for Alzheimer’s disease, with the launch of an ultrasensitive blood test and a storefront for healthcare providers.

GSK dives even deeper into oligo strategy with Elsie Biotechnology pair-up

Earlier this year, GSK executives explained to Fierce Biotech why they felt the company’s push into oligonucleotides was such a good fit. Now, the British Big Pharma has added further depth to this strategy courtesy of a research collaboration with Elsie Biotechnologies.

WuXi Bio telegraphs spinoff of its bioconjugate subsidiary XDC

WuXi Biologics has unveiled a proposed spinoff and separate listing of WuXi XDC Cayman—a joint venture between WuXi Bio and WuXi STA bred to tackle contract research, development and manufacturing of bioconjugates, including antibody-drug conjugates, antibodies and other biologic intermediates.

CyMedica rebrands knee pain band under direct-to-consumer Motive Health

Previously requiring a prescription, the company’s FDA-cleared muscle stimulation device—the newly rechristened Motive Knee—will now be available exclusively on its website, with prices starting at $399.
 
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