Pfizer shuffles R&D leadership to prep for Seagen

Today's Big News

Jul 27, 2023

Roche loses spark for gene therapy, axing hemophilia A candidate from pipeline


Further blow for Biohaven as FDA refuses to consider failed rare disease drug for approval


Pfizer shuffles R&D leadership to prepare for Seagen merger


Merck’s next-gen pneumococcal vaccine strides forward after two phase 3 wins


Takeda suffers setback as promising neuroscience prospect flunks phase 2


Mersana halves workforce as shares plummet 75% in wake of lead cancer drug’s fail  


Medicxi rakes in $400M for ‘deliberately sized’ fourth life sciences fund


Precision prowls for partnerships after FDA meeting leaves more questions on cell therapy future


Immedica takes embattled rare disease asset off Aeglea’s hands for $15M cash

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Featured

Roche loses spark for gene therapy, axing hemophilia A candidate from pipeline

Roche’s gene therapy ambitions have taken another blow. Shortly after writing down the value of one of Spark Therapeutics’ hemophilia A candidates, the Swiss drugmaker has removed a second therapy aimed at the disease from its midphase pipeline.
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Top Stories

Further blow for Biohaven as FDA refuses to consider failed rare disease drug for approval

Biohaven’s attempts to redefine itself as a post-migraine company are continuing to encounter headaches, with the company expressing “deep disappointment” at the FDA’s refusal to review the brain disorder drug troriluzole.

Pfizer shuffles R&D leadership to prepare for Seagen merger

Pfizer is shuffling its research leadership team, assigning additional duties to Chief Scientific Officer Mikael Dolsten, M.D., PhD., while bidding farewell to Chief Development Officer William Pao, M.D., PhD.

Merck’s next-gen pneumococcal vaccine strides forward after two phase 3 wins

Merck & Co.’s next-generation pneumococcal vaccine has secured success in a pair of phase 3 trials, bringing the Big Pharma within touching distance of getting the first pneumococcal conjugate shot specifically designed for adults to market.

Takeda suffers setback as promising neuroscience prospect flunks phase 2

One of Takeda’s most promising clinical programs has flunked a midphase trial. The Japanese drugmaker previously flagged the release of phase 2 data on TAK-611 in a lysosomal storage disease as an inflection point, but the failure to hit primary and secondary goals has cast doubt over the future of the program.

Mersana halves workforce as shares plummet 75% in wake of lead cancer drug’s failure

The failure of Mersana Therapeutics’ lead ovarian cancer drug in a phase 1/2 trial has sent the biotech into a tailspin, resulting in layoffs affecting half of employees in an effort to conserve cash where possible.

Medicxi rakes in $400M for ‘deliberately sized’ fourth life sciences fund

Medicxi has loaded up its fourth fund with $400 million, which the European life sciences firm will use to continue its mission of supporting “asset-focused” biotechs.

Precision prowls for partnerships after FDA meeting leaves more questions on cell therapy future

Precision BioSciences' calls for partnerships to advance its off-the-shelf cell therapy pipeline have intensified following a post-phase 1 meeting with U.S. regulators.

Immedica takes embattled rare disease asset off Aeglea’s hands for $15M cash

Aeglea BioTherapeutics may be turning a corner. The biotech has managed to sell off its rare metabolic disease asset—which the FDA denied approval for last year—to Immedica Pharma for $15 million cash and the potential to make up to $100 million in milestones.

After CRO spinoff, Labcorp sets second-half focus on ‘robust’ M&A and partnership pipelines

Labcorp closed out the first half of the year with the spinoff of its clinical development business, which left the nest on June 30 as a standalone, publicly traded CRO dubbed Fortrea.

Worldwide Clinical partners with Cybin for psychedelic-based treatments

Worldwide Clinical Trials has signed a partnership with Cybin, a biopharma working on psychedelic-based treatment options for mental health issues.

GSK tamps down short-term expectations for RSV shot Arexvy, but still boosts 2023 guidance

In a quarter fueled by sales of Shingrix and its HIV medicines, GSK topped revenue expectations and bumped up its sales projection for the year. While the company anxiously awaits the launch this fall of RSV vaccine Arexvy, it is tamping down expectations of an immediate boom in sales for the potential blockbuster.

Fortrea inks deal with Australia’s Incannex for sleep apnea drug trial

Fortrea has inked a deal with Australia’s Incannex Healthcare to manage investigative new drug clinical trials for a cannabinoid-based treatment for obstructive sleep apnea.
 
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