BD aims to surf $1B GLP-1 wave

Today’s Big News

Aug 1, 2024

Another IRA lawsuit bites the dust with ruling on Novo Nordisk case; company pledges to appeal


Last year, Biogen’s CEO said no risky deals. Now, he’s ready to be bold


Biogen walks away from Denali Alzheimer's collab, leaving major hole in biotech's revenue stream


BD plans to surf GLP-1 wave to a $1B drug delivery business by 2030


Moderna takes axe to '24 sales guidance, sending shares lower


Bayer lops off 70 more employees at New Jersey headquarters

 

Featured

Another IRA lawsuit bites the dust with ruling on Novo Nordisk case; company pledges to appeal

The ruling from the New Jersey federal court marks the latest in a string of rejections as various drugmakers have taken to the courts to fight the drug pricing legislation.
 

Top Stories

Last year, Biogen’s CEO said no risky deals. Now, he’s ready to be bold

While Biogen’s pharma peers are hunting for late-stage assets with little risk, CEO Chris Viehbacher wants to bring in more early-stage medicines, arguing that there’s more shareholder value to be had the earlier a company can get in.

Biogen walks away from Denali Alzheimer's collab, leaving major hole in biotech's revenue stream

Biogen has handed back rights to an early Alzheimer’s disease program to Denali Therapeutics, leaving a large hole in the biotech’s collaboration revenue stream.

BD plans to surf GLP-1 wave to a $1B drug delivery business by 2030

“We believe that no other company in medtech is better positioned than BD to capitalize on this trend,” CEO Tom Polen said on the company's second-quarter earnings call.

Moderna takes axe to '24 sales guidance, sending shares lower

After two quarters, Moderna is chopping $500 million to $1 billion from its prior revenue forecast for the year. The company attributed several challenges with its marketing of COVID-19 vaccine Spikevax for the adjustment.

Bayer lops off 70 more employees at New Jersey headquarters

Four months after Bayer handed pink slips to 90 staffers at its U.S. headquarters in Whippany, New Jersey, the company is laying off 70 more at the site, according to a state Worker Adjustment and Retraining Notification.

UniQure, Arbutus and HilleVax all lay off staff as biotechs streamline operations and cut costs

As biotechs attempt to turn a fresh page in August, at least three companies have shed staff in attempts to forge on.

Regeneron touts launch of Eylea HD—and warns of manufacturing issue with linvoseltamab

The launch of Regeneron's Eylea HD has helped the Eylea franchise to a rebound after U.S. sales had declined in each of the previous three quarters. Additionally, Regeneron reported that its FDA decision date on its application for approval of multiple myeloma therapy linvoseltamab is likely to be delayed because of a manufacturing issue. The target date is August 22.

Paige publishes open-source AI pathology models for cancer R&D

Aimed at oncology researchers and the makers of cancer drugs and diagnostics, the pair of foundation models were developed through a collaboration with Microsoft Research.

Venture capital veteran venBio raises $528M for life sciences investment

Veteran venture capital firm venBio has raised another half billion dollars to invest in biotechs working on diseases with unmet need.

Kyowa Kirin looks to cut small molecule research and manufacturing jobs, slims down in Asia

Kyowa Kirin is planning “a significant reduction” in its small molecule drug discovery research activities and will trim certain manufacturing roles. The company is also divesting its Chinese operations as part of a larger restructuring in the Asia-Pacific region.
 
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Resources

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Launching a Product in Europe: Understanding Supply Chain Cost Drivers

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2024 Life Sciences Industry Outlook

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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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