Billionaires behind Ferrari buy $2.8B stake in Philips

Today’s Big News

Aug 14, 2023

With FDA approval for Elrexfio, Pfizer brings multiple myeloma battle to Johnson & Johnson


FDA puts 2seventy CAR-T trial on hold in wake of patient death


Italian billionaires behind Ferrari, Juventus drop $2.8B to become Philips' largest single shareholder


Thermo Fisher lays off 200-plus at clinical-stage cell and gene therapy factory in Florida


Gracell drops 3 CAR-T programs in hopes of speeding more advanced assets to the finish line


Medtronic dialysis catheters in hot seat again, with 210K recalled over possible blockages


Chasing AstraZeneca and Pfizer, Johnson & Johnson snags FDA nod for prostate cancer combo Akeega

 

Featured

With FDA approval for Elrexfio, Pfizer brings multiple myeloma battle to Johnson & Johnson

Another off-the-shelf, BCMA-directed drug has arrived for the treatment of multiple myeloma. Pfizer's new Elrexfio will challenge Johnson & Johnson's entrenched position in the market.
11-14
Sep
Philadelphia, PA
 

Top Stories

FDA puts 2seventy CAR-T trial on hold in wake of patient death

The FDA has put an early-phase trial of 2seventy bio’s CD33-targeted CAR-T cell therapy on hold in the wake of a patient death.

Italian billionaires behind Ferrari, Juventus drop $2.8B to become Philips' largest single shareholder

Though rebuked by shareholders in a vote earlier this year that kept its executives potentially liable for any legal issues related to its recent recall-related troubles, Philips has gotten a major confidence boost from a new investor.

Thermo Fisher lays off 200-plus at clinical-stage cell and gene therapy factory in Florida

As layoffs continue to roil the biotech industry, bigger drugmakers and manufacturers like Bristol Myers Squibb and Emergent BioSolutions haven’t been immune. Now, Thermo Fisher Scientific is among the latest to plot hundreds of job cuts.

Gracell drops 3 CAR-T programs in hopes of speeding more advanced assets to the finish line

Gracell Biotechnologies is shaving down its CAR-T pipeline, throwing several programs out the window in an effort to speed its most advanced programs to the finish line. 

Medtronic dialysis catheters in hot seat again, with 210K recalled over possible blockages

Between last summer and the start of this year, Medtronic racked up two Class I tags from the FDA for a pair of recalls that first concerned 1 million hemodialysis catheters and then another 359,000, all of which were found to be at risk of internal leaking and cross-contamination. Now, the dialysis catheters are in the FDA’s crosshairs once again for an entirely new issue.

Chasing AstraZeneca and Pfizer, Johnson & Johnson snags FDA nod for prostate cancer combo Akeega

Following FDA approvals for fellow PAPR inhibitors made by AstraZeneca/Merck and Pfizer, Johnson & Johnson has got its own combo approval in prostate cancer. The tablet treatment, known commercially as Akeega, combines J&J’s Zytiga and niraparib.

Revance pivots into therapeutics with cervical dystonia nod for Botox rival Daxxify

Daxxify snagged its first therapeutic indication with Monday's FDA nod to treat cervical dystonia in adults. The green light comes a little less than a year after the Revance injection’s initial approval for temporary improvement of glabellar lines, or frown lines.

FDA urges public to throw away pregnancy, UTI tests from unauthorized California lab

The FDA is urging the public to throw away any pregnancy or ovulation tests manufactured by Universal Meditech, Inc.—a final step to remove the troubled company’s products from the market following previous diagnostic recalls and the shutdown of its California production facilities after they were found to be operating without permits.

BioXcel halving head count, narrowing R&D as cash runway crumbles

BioXcel Therapeutics is cutting deep to cope with the collapse of its cash runway. With BioXcel unlikely to meet the requirements for an anticipated cash infusion, the biotech is laying off almost 60% of its staff and narrowing its focus to keep going through the middle of next year.

GeneFab debuts as manufacturer, acquires Senti Bio's production tech for $38M

GeneFab, a newly formed contract research, development and manufacturing organization focused on cell and gene therapies, inked a deal to sublease Senti Biosciences’ production facility and pay up to $38 million for the biotech's manufacturing equipment.
 
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Download this webinar to learn how to avoid pitfalls when characterizing CAR-T cells in your development workflow, how to save time by using one antibody to examine your entire panel of CARs, and more.
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