GE Healthcare readies for brain imaging boom

Today's Big News

Jul 25, 2023

Biogen, working through a 'transition,' plots 1,000 more layoffs by 2025


Affini-T plans to go public in 2024


GE HealthCare plans for brain-imaging boom in wake of Alzheimer’s drug gains


FibroGen CEO Conterno, who scrapped post-Lilly plans over roxadustat hype, resigns after launch setbacks


Danaher dips again, as falling COVID sales bring revenues down another 7%

 

Featured

Biogen, working through a 'transition,' plots 1,000 more layoffs by 2025

In a sizable cost-cutting measure, Biogen will lay off 1,000 employees by 2025, it announced in presenting its second quarter earnings. With the company starting 2023 with 8,725 employees, that’s an 11.5% reduction of the workforce.
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Top Stories

Affini-T plans to go public in 2024

The IPO window is starting to crack open and Affini-T Therapeutics plans to push through in 2024, CEO Jak Knowles told Fierce Biotech.

GE HealthCare plans for brain-imaging boom in wake of Alzheimer’s drug gains

The company also reported that a faster-flowing supply chain has allowed it to fulfill more customer requests, as patients continue to return for elective procedures.

FibroGen CEO Conterno, who scrapped post-Lilly plans over roxadustat hype, resigns after launch setbacks

Enrique Conterno has resigned from the FibroGen CEO post for “personal reasons,” the company said Tuesday. As FibroGen looks for a permanent successor, the company’s chief commercial officier Thane Wettig will don the mantle of interim chief executive officer. To support Wettig, Conterno plans to stick around as a special advisor to the CEO during a transition period.

Danaher dips again, as falling COVID sales bring revenues down another 7%

Seven is turning out to be a less-than-lucky number for Danaher: For the second quarter in a row, the conglomerate has reported a year-over-year drop in revenues of around 7%.

Roche drops solid tumor option, intensifying the squeeze on SQZ

The squeeze on SQZ Biotechnologies is getting tighter. After 12 months of value destruction, the biotech reported that Roche has dropped its option on a solid tumor program—and that it is assessing strategic alternatives to partner “all its clinical and preclinical assets across all disease areas and indications.”

FDA clears Tarsus' Xdemvy as first treatment for common eyelid disease

Xdemvy eyedrops are the first treatment for Demodex blepharitis, an eyelid disease caused by Demodex mites. In trials, the drug reduced mites and the presence of the ectoparasites' waste and eggs.

Baxter dubs its upcoming kidney care spinoff Vantive

Vantive, with its home and hospital dialysis systems, is expected to make its debut as a publicly traded company by July 2024 at the latest.

Bayer expects gloomier 2023 as lower glyphosate sales bolster breakup advocates' case

Just as the calls for a business separation grow louder at Bayer, the company’s weedkiller performance is bolstering the argument with dramatically declining sales.

Sun rises on Dawn Health, Novartis’ health-tracking app for multiple sclerosis

A new day has dawned for people with multiple sclerosis, thanks to the launch of a new app that aims to help them better understand the disease and, in doing so, improve their care.

Biogen is hungry for deals—but the less risk, the better

Biogen’s significant internal cost-cutting efforts have not deterred an aggressive hunt for deals, but CEO Chris Viehbacher doesn’t want infatuation to cloud necessary judgment. 
 
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'The Top Line': Digital phenotyping, plus this week's headlines

This week on "The Top Line," we discuss the state of digital phenotyping, plus the vaccine patent lawsuits, the smallest insulin pump, and the rest of the week's headlines.

 

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Take a look at the reporting tools sponsors need to access insights earlier in the clinical trial enrollment funnel, so you can take informed actions.
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Enhance the cost-effectiveness of your GMP chemical supply chain

Learn how to develop a high-performing supply chain for cGMP chemicals used throughout your bioprocessing workflows.
 

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