Plus the 10 highest-paid medtech CEOs

This Week

Aug 2, 2024

Pfizer lays off 210 in North Carolina after Duchenne gene therapy flop


BMS axes multiple myeloma bispecific months after filing to run phase 3 trial 


SPECIAL REPORT—The highest-paid medtech CEOs in 2023 


Bayer lops off 70 more employees at New Jersey headquarters


GSK becomes Flagship's latest partner in $7B biobucks respiratory, immunology pact 


Verily to relocate its HQ from San Francisco to Dallas


AbbVie ADC tops oncologist ranking of most exciting cancer candidates 

 

Featured

Pfizer lays off 210 in North Carolina after Duchenne gene therapy flop

Pfizer is laying off 210 employees across two North Carolina manufacturing sites, including 150 people at the main facility involved in the recently failed DMD gene therapy program.
 

Top Stories

BMS axes multiple myeloma bispecific months after filing to run phase 3 trial

Bristol Myers Squibb had had a whiplash change of heart on its BCMA bispecific T-cell engager, halting further development months after filing to run a phase 3 trial. The Big Pharma disclosed the change of plan alongside a phase 3 win for a potential challenger to Regeneron, Sanofi and Takeda.

The highest-paid medtech CEOs in 2023

In the game of moneyed musical chairs, it’s clear the tempo has slowed.

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.

GSK becomes Flagship's latest partner in $7B biobucks respiratory, immunology pact

Earlier this month, Flagship Pioneering hinted that another Big Pharma may soon join its growing fleet of collaborators. Now, GSK has sailed into view.

Verily to relocate its HQ from San Francisco to Dallas

The Alphabet company once synonymous with Silicon Valley's penchant for moonshot startup projects, Verily will now move its South San Francisco HQ to the "business-friendly" Dallas area, after it simplified its portfolio last year.

AbbVie ADC tops oncologist ranking of most exciting cancer candidates

AbbVie could have the hottest cancer drug launch of 2025 on its hands. That is one takeaway from a recent ZoomRx survey, which found oncologists are more aware of and excited about AbbVie’s telisotuzumab-vedotin (Teliso-V) than any other investigational cancer candidate.

Bristol Myers CEO 'increasingly confident' company can handle IRA pricing on Eliquis

Bristol Myers Squibb CEO Chris Boerner said after seeing the final negotiated price for Eliquis that he is "increasingly confident" the company can navigate the impact of the IRA.

J&J's Texas two-step bankruptcy maneuver shut down again by appeals court

The ruling from the Third Circuit Court of Appeals came the night before claimants in the talc litigation were set to vote on a sweeping $6.48 billion settlement proposal from J&J.

Dexcom stock drops 40% after reporting CGM sales challenges

On a call with investors, President and CEO Kevin Sayer attributed part of the problem to a steep, unanticipated rise in the number of people obtaining rebates for its G7 continuous glucose monitor.

Researchers engineer brain-infecting parasite into living drug delivery system

Toxoplasma gondii is a protozoan parasite famous for its cunning ways. This microbial manipulator can only reproduce inside of cats, so, if it finds itself in another mammalian host, like a rat, it alters the rodent’s behavior to make it less fearful of felines. Now, researchers have devised a way to engineer this single-celled saboteur for good.
 
Fierce podcasts

Don’t miss an episode

Championing equity in skin of color dermatology

This week on "Podnosis," we dive into the topic of how to improve diversity and equity in dermatology.
 

Resources

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Revolutionizing Pharma and Biotech Analysis

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Launching a Product in Europe: Understanding Supply Chain Cost Drivers

This paper explores the costs of setting up a supply chain in Europe for a new biopharma therapy. It outlines key cost drivers & the various levers decision makers can use to affect those costs.
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Efficient-Pro Medium and Feed 1 enable rapid and seamless upstream process development and scale-up for CHO-K1 cells

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2024 Life Sciences Industry Outlook

The definitive report on the state of our industry.  Readers will gain an understanding of key indicators to monitor, future predictions, and guidance for investors and founders navigating the therapeutic enabling tools and services, healthtech and techbio sectors through 2024 and beyond.
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The Economics of Synthetic mRNA Capping Strategies

This study delved into the manufacturing costs of the three mRNA capping methods. It involved discussions with 30 subject matter experts engaged in mRNA therapeutic development across various companies in the US and the EU.
Research

Creating Accurate Clinical Trial Benchmarks With AI

Learn how a Top-10 Pharma company automated the extraction of oncology efficacy endpoints from scientific literature with high precision and recall using a combination of AI technologies.
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Using Synthesis and Route Design Technology to Approach API Complexity

Small molecule active pharmaceutical ingredients (APIs) continue to grow more complex. Download the white paper to learn more about using synthesis and route design technology to approach API complexity. 
 

Industry Events

On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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