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Today's Big News

Aug 2, 2023

In 'advanced' settlement talks, Teva sets aside $200M to resolve US price-fixing probe


Moderna plots lung cancer trial for Merck-partnered vax, piggybacking on Keytruda's recent win


Abbott pulls Trifecta heart valves from market after early deterioration risks


It's Goose Data's (online) world, and biotechs are just sitting ducks


As RSV vaccine clash kicks off, GSK sues Pfizer for patent infringement


Logistics challenges shrink Varian profit margins at Siemens Healthineers

 

Featured

In 'advanced' settlement talks, Teva sets aside $200M to resolve US price-fixing probe

Teva has long maintained its innocence in the face of a far-reaching price-fixing indictment by the U.S. Department of Justice. Now, the company is earmarking a sizeable chunk of cash in an attempt to put the charges to bed.  
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Top Stories

Moderna plots lung cancer trial for Merck-partnered vax, piggybacking on Keytruda's recent win

Moderna's buzzy cancer vaccine partnership with Merck will soon take a leap into lung cancer, after recent clinical data showed the shot—alongside Merck's blockbuster Keytruda—significantly reduced risk of recurrence or death in patients with melanoma.  

Abbott pulls Trifecta heart valves from market after early deterioration risks

In February, Abbott and the FDA notified clinicians that studies pointed toward higher rates of aortic valve implant failures in the first five years.

It's Goose Data's (online) world, and biotechs are just sitting ducks

We take protecting anonymous sources around here seriously. So when we do use one, you know the subject is important. Fierce Biotech tracked down the Twitter/X biotech meme over lord/lady Goose Data.

As RSV vaccine clash kicks off, GSK sues Pfizer for patent infringement

GSK says Pfizer’s vaccine RSV vaccine Abrysvo—approved in late May—infringes four patents related to its RSV antigen shot Arexvy, which itself snagged a green light in the U.S. earlier that same month.

Logistics challenges shrink Varian profit margins at Siemens Healthineers

While a long-expected decline in COVID-19 antigen diagnostics also took a bite out of Siemens’ numbers, the company attributed the recent shrinkage in Varian’s profit margin to external factors such as inflation and ongoing kinks in the supply chain.

A 'painful reset' for biotech investing brings smaller checks but some green shoots: SVB

Early-stage investments in biopharma are up this year, but valuations have come way down. investors are looking for proven leadership teams and an exit strategy that does not involve waiting for the IPO window to magically open up, according to a new H1 analysis by Silicon Valley Bank.

CG brings back the crossover round, reeling in $105M to fund phase 3 bladder cancer trial

CG Oncology has raised the rarely seen crossover round. Once ubiquitous, the pre-IPO rounds have dried up in the biotech bear market—but CG’s fully enrolled phase 3 bladder cancer clinical trial has persuaded investors to dig out their checkbooks and pump $105 million into the business.

Karyopharm cuts 20% of workforce as sales of blood cancer drug Xpovio stagnate

With sales of its lone approved product stagnating, Karyopharm Therapeutics has reduced its workforce by 20%, the company said on Wednesday. The reduction includes full-time employees and contractors. The cuts extend Karyopharm’s cash runway into late 2025.

BD collects full FDA clearance for ‘tripledemic’ infection test

With the upcoming winter season, BD aims to provide a molecular panel that screens for COVID-19, respiratory syncytial virus and influenza A and B using a single swab.

Surface warns bankruptcy possible if shareholders reject Coherus merger

Surface Oncology has shown investors the ghost of biotech yet to come. Needing shareholder support for its planned merger with Coherus BioSciences, the biotech has told investors that outlays triggered by the deal have shrunk its cash runway and will leave it needing funding fast if the deal collapses.

With Austedo rolling and Uzedy launch getting started, Teva shows early signs of a turnaround

The company brought the slow-release schizophrenia med Uzedy and an extended-release version of Austedo to the market this quarter. After reporting second-quarter results, Teva narrowed its full-year revenue outlook to a new range of $15 billion to $15.4 billion.

Terumo's automated blood processing system snags FDA clearance to boost US platelet supply

With platelet-specific donations expected to fall well short of U.S. demand, the FDA has greenlighted a solution: a machine from Terumo that can separate out platelets and other components from previously collected whole-blood samples rather than relying on real-time procedures.
 
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