Annexon sees more silver linings in failed eye study

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Today's Big News

Jul 31, 2023

Sumitomo-Otsuka schizophrenia drug flunks pair of phase 3 trials amid 'high placebo response'


Okyo Pharma withdraws offer to sell shares after just 3 days citing 'changing market conditions'


Annexon finds more silver linings in failed eye disease trial ahead of talks with FDA


MyMD enjoys stock bump as drug shows promise against age-related inflammation in phase 2 trial


Gene therapy reduces chronic pain and chemo-induced peripheral neuropathy in mice


Fierce Biotech Fundraising Tracker '23: Tisento launches with $81M, phase 2 asset; Kriya adds on $150M

The Top Line Podcast: don’t miss out on the newest episode where we discuss ASCO data, rising health tech stars, and more. Listen now.

 

Featured

Sumitomo-Otsuka schizophrenia drug flunks pair of phase 3 trials amid 'high placebo response'

Sumitomo Pharma and Otsuka’s plan to turn ulotaront into a blockbuster growth driver is on the ropes. A pair of phase 3 schizophrenia clinical trials of the candidate missed their primary endpoints, leaving the partners looking to a “high placebo response” for evidence that the asset has a future in the disease.
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Top Stories

Okyo Pharma withdraws offer to sell shares after just 3 days citing 'changing market conditions'

Okyo Pharma announced plans to sell off some of its shares on Friday, but the ophthalmology-focused biotech clearly had a change of heart over the weekend as the offer was withdrawn this morning over “changing market conditions.”

Annexon finds more silver linings in failed eye disease trial ahead of talks with FDA

Annexon has found more to love in its failed phase 2 eye disease clinical trial. Months after framing the study as a success in its top-line results, the biotech has returned with further analyses that it pitched as evidence ANX007 is a promising, differentiated geographic atrophy candidate.

MyMD enjoys stock bump as drug shows promise against age-related inflammation in phase 2 trial

MyMD Pharmaceuticals’ lead asset has hit all primary and secondary endpoints in a mid-phase study of age-related inflammation, setting the company up to begin phase 3 talks with the FDA.

Gene therapy reduces chronic pain and chemo-induced peripheral neuropathy in mice

Researchers have identified another potential gene therapy for treating chronic pain, this time by indirectly targeting a key sodium ion channel.

Fierce Biotech Fundraising Tracker '23: Tisento launches with $81M, phase 2 asset; Kriya adds on $150M

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

GE HealthCare lands FDA Class I recall for 81K-plus defective pulse oximetry sensors

GE HealthCare warned healthcare providers that tens of thousands of TruSignal pulse oximeters may put hospitalized patients at risk of further injury.

After quitting FDA adcomm in protest of Aduhelm decision, Harvard's Aaron Kesselheim finds agency has an approval bias

A study of FDA advisory committee meetings between 2010 and 2021 shows that the regulator leaned heavily toward approval. When a panel recommended approval, the FDA agreed 97% of the time. When a panel recommended a thumbs-down, however, the FDA complied only 67% of the time.

Zocdoc's Barbie-inspired initiative commits up to $10M to UCLA Mattel Children's Hospital

The company will donate $25 to UCLA Mattel Children’s Hospital for every OB-GYN appointment booked on its platform through Aug. 21, up to $10 million total.

Takeda's Exkivity sputters in lung cancer trial, with accelerated approval on the line

Takeda's targeted non-small cell lung med Exkivity has failed in a phase 3 trial in newly diagnosed patients, just days after Johnson & Johnson touted a win for its rival EGFR inhibitor.

AHA, BCBSA urge CMS to ditch 'conflicting' requirements in prior authorization reform proposal

The American Hospital Association, American Medical Association and Blue Cross Blue Shield Association penned a joint letter highlighting "conflicting" prior authorization electronic standards and workflows they say will bring industry confusion and unnecessary burden.
 
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'The Top Line': A special episode on Narcan, the life-saving nasal spray

This week on "The Top Line," we revisit an episode on Narcan the nasal spray. It is the first naloxone product to be approved for use without a prescription.
 

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