Beckman Coulter, Fujirebio team up on Alzheimer’s test

Today's Big News

Jul 18, 2023

Novartis axes secretive obesity program after high-risk, high-reward bet fails


Novartis unveils another $15B share buyback plan despite Entresto legal setback


An innovation supply chain: Pfizer taps Flagship for 10-program pipeline pact worth $7B in biobucks


Beckman Coulter, Fujirebio partner on gold rush for Alzheimer’s blood tests


GSK yanks 2 batches of its asthma blockbuster Nucala in Taiwan over glass particle fears

 

Featured

Novartis axes secretive obesity program after high-risk, high-reward bet fails

Novartis has dumped its secretive, high-risk, high-reward obesity candidate after emerging from a phase 2 trial with lackluster efficacy. The Swiss drugmaker disclosed the termination alongside news that it is stopping development of a phase 3 pancreatic cancer candidate “based on benefit-risk assessment.”
18-19
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July 18-19, 2023 | Jersey City, NJ
 

Top Stories

Novartis unveils another $15B share buyback plan despite Entresto legal setback

On the heels of wrapping up a $15 billion share buyback, Novartis has unveiled another stock repurchase plan of the same size. This comes even as the company's top-selling drug, Entresto, faces patent challenges.

An innovation supply chain: Pfizer taps Flagship for 10-program pipeline pact worth $7B in biobucks

Pfizer and Flagship Pioneering have each put down $50 million to build a new pipeline of 10 programs, with the Big Pharma offering Flagship and its bioplatform companies the chance to earn up to $700 million in biobucks for each program that makes it to market.

Beckman Coulter, Fujirebio partner on gold rush for Alzheimer’s blood tests

The two companies aim to get ahead of potentially high patient demand as advancements are made in hopefully treating the neurodegenerative condition.

GSK yanks 2 batches of its asthma blockbuster Nucala in Taiwan over glass particle fears

In tandem with Taiwan’s Food and Drug Administration, GSK this week initiated a recall of two batches of its severe asthma injection Nucala after glass fragments were found in a vial of the drug.

Neurogene inks Neoleukin reverse merger, raises $95M to fund gene therapies to clinical data drops

Neurogene has struck deals to fund its pipeline of gene therapies into the second half of 2026, agreeing to merge with the floundering, Nasdaq-listed Neoleukin Therapeutics and persuading investors to pump $95 million into the combined company.

Masimo plans to shave $300M from full-year revenue forecast after possible 20% drop in Q2

After a tumultuous few months sent Masimo’s second-quarter earnings on a downward spiral, the company is tempering expectations for the rest of the year.

Mirum snaps up 2 liver disease drugs from Travere for up to $445M

With the acquisition of two commercial medicines from Travere Therapeutics, liver disease specialist Mirum Pharmaceuticals has gone from a company with one product to having a “franchise,” according to CEO Chris Peetz. Now—in addition to its potential blockbuster Livmarli—Mirum has gained bile acid treatments Cholbam and Chenodal for $210 million upfront and $235 million in potential milestones.

J&J’s Abiomed receives Class I recall label over potential Impella collisions with TAVR implants

Abiomed has identified 27 cases where the stent-like struts on the outer edge of the TAVR implant have connected with the Impella’s spinning blades.

Fierce Biotech Fundraising Tracker '23: Tenpoint eyes vision loss restoration with $70M series A; Renibus reels in $47M

Alongside the new year, we've launched a new Fierce Biotech Fundraising Tracker to keep the pulse on the industry's financing.
 
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