CytomX cuts headcount by 40%
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Today's Rundown

Featured Story

Marinus parts with priority review voucher, selling skip-the-line pass to Novo Nordisk for $110M

Marinus is selling off a priority review voucher to Novo Nordisk for $110 million. The company plans to use the additional funds to pay for two ongoing phase 3 trials and the launch of its new seizure med, Ztalmy.

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Top Stories

ContraFect halts phase 3 after antimicrobial fails futility test against MRSA

After keeping investors waiting for months, ContraFect has revealed its phase 3 clinical trial has failed an interim futility analysis. The inability of the direct lytic agent to beat placebo triggered the stoppage of the study and the cratering of the biotech’s share price.

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CytomX slashes headcount by 40% after breast cancer setback, with later-stage development bearing the brunt

First the setback, then the cuts. CytomX Therapeutics became the latest biotech to follow the rhythm of the industry late Wednesday when it set out plans to reduce its headcount by 40% to extend its cash runway after its lead candidate failed to meet the bar for moving into phase 3.

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Sponsored: Ramp up your AAV production with Lonza’s HEK 293 cell line and patented vectors technologies

Advance your AAV-based therapeutics by leveraging Lonza expertise, using the same tools and technologies used for our platform processes. Balance risk and speed, while maintaining high AAV productivity

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Back in the Manifold: George Church-founded protein therapeutics biotech tacks on $40M in series A funds

Manifold Bio is adding $40 million in series A funds to help finance its protein barcoding technology intended to rapidly speed up preclinical development. The company, founded in part by famed geneticist George Church, has already started to launch internal oncology programs.

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Sponsored: Decentralized clinical trials, patient experience and the role of supply chain management

The rise of clinical trial complexity has been well-documented but the impact on logistics is not well understood. Here, we look at decentralized trials, patient experience and the role of logistics.

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Summit will take scenic route up FDA mountain after regulator recommends more trials for C. diff therapy

Summit Therapeutics’ troubled C. difficile medicine may have a path forward after the FDA cleared a section of trail—however, it’s going to be a steep climb.

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Novartis, BeiGene's PD-1 drug the latest to hit FDA wall as pandemic stalls another review

New PD-1 cancer immunotherapies have had a hard time reaching the U.S. lately. For Novartis and BeiGene’s China-approved contender, the roadblock comes in the form of COVID-related travel restrictions.

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NIH scientists move closer to vaccine holy grail: a universal flu shot

Researchers at the National Institutes of Health are moving closer to the holy grail of the vaccine world: a universal flu shot.

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BMS, Merck and Lilly share prices gained in the first half, while Roche, Pfizer and Moderna lost out: report

Like many other businesses around the world, the biopharma industry has had a rough go of it in the first half of 2022. And drugmakers' share price changes largely reflected that tough environment, Evaluate Vantage reports.

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Breaking the vicious itch-scratch cycle by targeting 'miswired' neurons

In search of mechanisms driving increased itch sensation after scratching, scientists at Washington University School of Medicine have identified a “miswiring” of nerve fibers onto touch-sensing skin cells.

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Novavax, at long last, clinches FDA emergency nod for protein-based COVID shot

Late Wednesday, the FDA gave the all-clear to Novavax’s protein-based shot, teeing up the nation’s fourth pandemic prophylactic behind those from Pfizer-BioNTech, Moderna and Johnson & Johnson.

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Twist Bioscience intertwines with DNAnexus to bring analytics tools to sequencing data

A new partnership between Twist Bioscience and DNAnexus seeks to weave together two crucial pieces of the genomic sequencing puzzle.

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Teva warns 'skinny label' ruling could sow 'competition-killing uncertainty' for generics

Teva's skinny label lawsuit, which hinges on a copycat version of GSK’s heart med Coreg, could have “enormous” implications for a common practice among generic drug makers, the company argues. That could in turn sow “competition-killing uncertainty” that the U.S. healthcare system “cannot sustain,” Teva said in a petition made public on Wednesday.

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Case Study: Roche cuts feasibility process by 36%

Explore how Cognizant SIP helped Roche streamline its global feasibility process.

eBook: 12 Pitfalls in Europe

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What is the most suitable dosage form technology for the Oral Delivery of Lipid-Based Formulations?

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Article: Formulation Strategies When Transitioning From Vial to PFS

Learn how formulation development for a PFS affects manufacturing to drive the industry toward optimizing delivery of injectable products and, ultimately, improving patient care.

eBook: Download the Cell Therapy Handbook

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Whitepaper: Catalent Pulmonary & Nasal Delivery Capabilities Sheet

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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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