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This Week

Jul 12, 2024

2024's layoff woes continue in Q2: Fierce Biotech analysis


Novo's Ozempic, Wegovy linked to potential eye problem? Not so fast, analysts say


Lilly inks $3.2B Morphic buyout to snag oral rival to Takeda's IBD blockbuster


UPDATED: Elevar, Hengrui eye accelerated refile for PD-1 liver cancer combo after surprise FDA rejection


Roche stops pivotal TIGIT trial after Keytruda lands knockout blow at first attempt


Thermo Fisher collects competition green lights for $3.1B Olink takeover

 

Featured

2024's layoff woes continue in Q2: Fierce Biotech analysis

Just as there’s been little relief from the intense heat scorching much of the world this summer, the biotech industry continues to be burned by layoffs. According to the Fierce Biotech Layoff Tracker, there were 38 layoff announcements in the second quarter of 2024, compared to 36 in the same period during 2023.
 

Top Stories

Novo's Ozempic, Wegovy linked to potential eye problem? Not so fast, analysts say

Novo Nordisk’s popular GLP-1 analog semaglutide may be linked to a vision loss disorder, a study suggests. But one team of analysts cautioned against reading too much into the analysis.

Lilly inks $3.2B Morphic buyout to snag oral rival to Takeda's IBD blockbuster

Eli Lilly has agreed to buy Morphic for $3.2 billion, giving the Big Pharma control of an oral, midphase challenger to Takeda’s injectable inflammatory bowel disease blockbuster Entyvio.

UPDATED: Elevar, Hengrui eye accelerated refile for PD-1 liver cancer combo after surprise FDA rejection

After a meeting with the FDA last week, Elevar Therapeutics and Jiangsu Hengrui Pharma are aiming to refile their PD-1 combination around the end of September or October.

Roche stops pivotal TIGIT trial after Keytruda lands knockout blow at first attempt

Keytruda has beaten Roche’s TIGIT drug candidate at the first interim analysis of a phase 2/3 lung cancer trial, prompting the Swiss drugmaker to stop the study and consider changes to the broader program.

Thermo Fisher collects competition green lights for $3.1B Olink takeover

With a new go-ahead from antitrust regulators in the U.K., Thermo Fisher Scientific is on its way to closing its $3.1 billion deal for Olink, the Swedish developer of protein analyzers, antibody tests and research services.

No CRISPR, no problem: 'Jumping gene' system could be bridge to complex gene editing

A new gene editing technique derived from bacterial “jumping genes” can add, remove, recombine and invert DNA sequences, potentially overcoming some of the limitations of CRISPR.

As former BMS CEO Giovanni Caforio plots move to Novartis, will noncompete issues come into play?

Novartis recently said it will propose Bristol Myers Squibb's former chairman and CEO, Giovanni Caforio, to serve as its next board chair in 2025. Fierce Pharma explored the status of the industry's noncompete clauses with experts to learn whether an intercompany transition at the highest levels can proceed without a hitch.

UniQure sells gene therapy manufacturing site to Genezen, along with production of CSL's Hemgenix

UniQure has sold its commercial viral vector manufacturing facility in Lexington, Mass., to Genezen, which will now supply uniQure’s clinical portfolio and produce CSL Behring’s hemophilia B gene therapy Hemgenix from the site.

Pfizer poaches Novartis exec to succeed retiring Suneet Varma as oncology commercial chief

Pfizer has hired a new oncology commercialization leader from its rival Novartis to help the business reach its goal of marketing eight blockbuster drugs by 2030.
 
Fierce podcasts

Don’t miss an episode

A look at Big Pharma’s top-paid CEOs

In this week's episode of "The Top Line," Fierce Pharma’s Eric Sagonowsky and Fraiser Kansteiner discuss Fierce’s annual special report, “Big Pharma's 10 highest-paid CEOs.” 
 

Resources

Whitepaper

An Integrated End-to-End Approach to Antibody Drug Conjugate Development and Manufacturing

In this white paper, Lonza experts delve into the common challenges encountered by ADC developers. They explore new drug product capabilities in relation to cytotoxic drug development and manufacturing, therefore fully completing Lonza’s integrated ADC offering. Further, they discuss how this end-to-end approach can significantly accelerate the timeline to investigational new drug filing and beyond. Read this white paper to learn more.
Whitepaper

Defining digital twins in drug discovery and development

When we talk about digital twins in the context of biology and medicine, we're inherently discussing a simplified model. These simplifications aren't a drawback but a necessity.
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.
Whitepaper

The Role of Environmental Monitoring in a Contamination Control Strategy

The Role of Environmental Monitoring in a Contamination Control Strategy
Whitepaper

The Economics of Synthetic mRNA Capping Strategies

This study delved into the manufacturing costs of the three mRNA capping methods. It involved discussions with 30 subject matter experts engaged in mRNA therapeutic development across various companies in the US and the EU.
Whitepaper

Building A Patient Support Program that Can Scale Globally

An insider’s workbook filled with practical tips and tools for designing and scaling a global patient support program.
Research

Creating Accurate Clinical Trial Benchmarks With AI

Learn how a Top-10 Pharma company automated the extraction of oncology efficacy endpoints from scientific literature with high precision and recall using a combination of AI technologies.
Whitepaper

Using Synthesis and Route Design Technology to Approach API Complexity

Small molecule active pharmaceutical ingredients (APIs) continue to grow more complex. Download the white paper to learn more about using synthesis and route design technology to approach API complexity. 
 

Industry Events

On Helix

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

 

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