Patient death prompts another Philips ventilator recall

Today’s Big News

Aug 15, 2023

Obesity, diabetes drugs push Novo Nordisk and Eli Lilly to front of pharma's growth pack in Q2 


FDA lifts clinical hold on Gilead's CAR-T as Arcellx sheds light on reason for patient death 


After patient death, Philips recalls another 120K ventilators due to dust and dirt buildup 


How Biogen outbid a rival 'large-cap' pharma to claim Reata for $7.3B 


Gilead inks $66M+ deal with Tentarix in oncology, inflammatory diseases 


As COVID-19 vaccine makers gear up to launch updated shots in the private market, can the new vaccines keep up with the virus? 

 

Featured

Obesity, diabetes drugs push Novo Nordisk and Eli Lilly to front of pharma's growth pack in Q2

Thanks to sales of their metabolism drugs, Novo Nordisk and Eli Lilly posted the biopharma industry’s largest revenue gains in the second quarter—by far. Meanwhile, only six of the industry’s top 20 firms experienced revenue decreases, with Pfizer's sales dropping a whopping 54%.
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Top Stories

FDA lifts clinical hold on Gilead's CAR-T as Arcellx sheds light on reason for patient death

Gilead Sciences' $225 million bet on Arcellx’s CAR-T cell therapy is back in play after the FDA lifted a clinical hold instigated in the wake of a patient death.

After patient death, Philips recalls another 120K ventilators due to dust and dirt buildup

Just as remediation efforts in Philips' massive 2021 respiratory device recall wind down, the company is now facing yet another Class I recall of some of its ventilators.

How Biogen outbid a rival 'large-cap' pharma to claim Reata for $7.3B

Biogen’s $7.3 billion buyout of Skyclarys-maker Reata Pharmaceuticals surprised some industry watchers last month. But it turns out Biogen wasn’t the only drugmaker jockeying for the Texas-based rare disease outfit, a new securities filing shows.

Gilead inks $66M+ deal with Tentarix in oncology, inflammatory diseases

Tentarix Biotherapeutics is emerging from its den to ink a multi-pronged deal with Gilead Sciences to work on therapies for oncology and inflammatory diseases worth $66 million upfront, including an equity payment.

As COVID-19 vaccine makers gear up to launch updated shots in the private market, can the new vaccines keep up with the virus?

The omicron variant EG.5, or "Eris," has taken hold as the new dominant variant in the U.S., leaving vaccine makers rushing to make sure their new shots can hold up.

With FDA nod, GE HealthCare paints US launch of Portrait patient monitoring system

More than a year after unveiling its wearable, wireless patient monitoring system—with CE mark already in hand, allowing it to be used across Europe—GE HealthCare is bringing the Portrait Mobile technology across the pond.

Houston biotech winds down sole clinical-stage trial, cuts 60% of staff

Alaunos Therapeutics is cutting loose its sole clinical-stage asset and letting 60% of staff go less than two years after rebranding and refocusing on TCR-T cell therapies. 

Stada in 'exploratory talks' about possible sale, CEO says, but nothing is certain

Responding to recent acquisition rumors, Stada Arzneimittel's CEO Peter Goldschmidt told the German Press Agency, “Whether and when STADA might be sold is solely the decision of our owners; Bain Capital and Cinven.”
 
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