Abbott raises full-year forecast on device sales

Today’s Big News

Jul 18, 2024

Novartis CEO sees IRA impact ‘manageable’ in short run, maintains midterm growth goal


With seventh person seemingly cured of HIV, signs of hope for a broader cure


Growing medical device sales push Abbott to raise full-year forecast


AstraZeneca skewered by marketing watchdog over repeat offense


Amid rocky launch, Boehringer Ingelheim links up with GoodRx to offer its Humira biosimilar at a steep discount


J&J drops Addex-partnered epilepsy drug after reviewing failed phase 2 trial data


PhRMA doubles down on pricing attack, targeting shared ownership of insurers and PBMs in new ad

 

Featured

Novartis CEO sees IRA impact ‘manageable’ in short run, maintains midterm growth goal

As biopharma companies and the U.S. government near the deadline of their drug price talks under the Inflation Reduction Act, Novartis CEO said the cost cuts “might be manageable” in the short term for the firm’s first few products to be included.
 

Top Stories

With seventh person seemingly cured of HIV, signs of hope for a broader cure

Though his real name isn’t known, there’s no doubt that he’ll go down in history. An adult man dubbed “The Next Berlin Patient” has been declared the seventh person to be cured of HIV, and his case provides valuable information that could lead to a more broadly accessible cure for the 39 million people living with the virus around the globe.

Growing medical device sales push Abbott to raise full-year forecast

The company’s earnings follow green lights for its first U.S. over-the-counter CGMs and dissolving stent for blocked arteries below the knee.

AstraZeneca skewered by marketing watchdog over repeat offense

AstraZeneca has an unwanted hat trick of breaches of the U.K. pharma marketing code. The drugmaker completed the set after someone noticed the same compliance breach in two earlier cases, prompting the PCMPA to rule the company had brought discredit on the industry.

Amid rocky launch, Boehringer Ingelheim links up with GoodRx to offer its Humira biosimilar at a steep discount

Through GoodRx, the German drugmaker's Humira copycat is priced 92% cheaper than AbbVie's branded Humira, which still holds 82% of the market despite the biosimilar competition.

J&J drops Addex-partnered epilepsy drug after reviewing failed phase 2 trial data

After mulling over the data from a failed phase 2 trial, Johnson & Johnson has decided to halt development of its Addex Therapeutics-partnered epilepsy drug, Fierce Biotech has learned.

PhRMA doubles down on pricing attack, targeting shared ownership of insurers and PBMs in new ad

PhRMA’s smarmy avatar for the alleged avarice of pharmacy benefit managers (PBMs) is back in a fresh attack ad. And this time there’s two of him, enabling the trade group to blast insurance companies and their PBMs at the same time.

Roche shows durability of eye disease treatments Vabysmo, Susvimo

After storming the market with its longer-acting macular degeneration shot Vabysmo, Roche is laying the groundwork to expand the reach of its other eye disease innovation—refillable implant Susvimo.

‘Not prudent’ for Novartis to join GLP-1 obesity race as late-runner, says CEO

The pharma has put “a lot of thought into” whether Novartis could play a role in the obesity space, Vas Narasimhan explained.

Argenx posts J&J-rivaling Sjögren's data, massively upscales Vyvgart patient population at R&D day

Even as argenx begins to chart a course toward a future beyond Vyvgart, the company’s flagship FcRn inhibitor still has plenty of tricks in store for the remainder of the decade.

FDA wrecks Agenus’ accelerated approval plan, triggering push to partner cancer combination

The FDA has scotched Agenus’ plans to seek accelerated approval for a colorectal cancer combination, prompting the biotech to look into partnering to fund the phase 3 required to reach the market. Shares in Agenus fell 38% to around $11 in premarket trading.
 
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

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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.
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The “Best Practice Organization” & Its Importance for Success in Today’s Biopharma Industry

In a complex industry like biopharma, being a “Best Practice Organization” (BPO) is essential to success. But what is a BPO & how do you build one? This eBook provides the answers.
 

Industry Events

On Helix

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

 

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