Illumina preps for Grail takeover fines
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WELCOME TO FIERCE LIFE SCIENCES WEEKLY DIGEST

Bluebird scored its first U.S. gene therapy approval, and with it comes a $2.8 million price tag that the company is prepping to defend. In other gene therapy news, with two patients dying after taking Novartis’ Zolgensma, the safety debate has come to the surface once again. And amid a biotech market downturn, execs have been forced to make tough decisions about their pipelines. In the medtech world, Illumina has set aside more than $450 million to prep for potential fines in Europe over its Grail acquisition. Those headlines, plus news from Merck, Pfizer, AstraZeneca and more made this week’s top news.

Featured Story

UPDATED: Bluebird bio's $2.8M gene therapy Zynteglo wins FDA backing. Will its US launch take flight?

Ahead of a much awaited FDA decision deadline Friday, the agency endorsed bluebird bio's gene therapy Zynteglo. It'll carry a $2.8 million price tag and is the first gene therapy for this rare disease.

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Top Stories Of The Week

2 deaths after Novartis' Zolgensma put gene therapy's liver safety in the spotlight once again

Novartis has recorded two deaths after treatment with its spinal muscular atrophy gene therapy Zolgensma, once again bringing gene therapy’s safety into attention.

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Biotechs face brutal pipeline decisions as industry waits for M&A 'buffet'

We’re seeing a seemingly unprecedented reckoning from biotech C-suites, where executives are making tough calls about continuing to keep the lights on or cutting once-promising candidates.

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Illumina sets aside $453M to prep for potential EU fines over Grail acquisition

The rainy day money for potential legal troubles dragged Illumina's quarterly income into the red, while sales slumped due to global macroeconomic challenges and the company cut back its financial outlook for the year.

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AstraZeneca heads to court to contest former exec's move to crosstown rival GSK: report

Angling to keep trade secrets out of a local rival’s hands, AstraZeneca has asked a London court to enforce and extend a noncompete agreement, Bloomberg reports.

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'The Top Line': 2 deaths put Novartis’ SMA gene therapy in the safety spotlight, what's behind AstraZeneca next-gen CAR-T therapy tactics and more

This week on "The Top Line," we discuss Novartis’ gene therapy Zolgensma—and the two deaths following treatment. We also hear from AstraZeneca on its strategy to get into the CAR-T space with off-the-shelf cancer cell therapies.

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Merck bets big on circular RNA, paying $150M and dangling $3.5B in biobucks to work with Orna

Orna Therapeutics is in the money. Tuesday morning, the developer of fully engineered circular RNA therapies revealed a double dose of good news, simultaneously taking the lid off an alliance with Merck & Co. worth $150 million upfront and a $221 million series B financing.

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Sanofi scraps oral SERD strategy after 2nd failure in breast cancer

Sanofi is stopping development of its oral selective estrogen receptor degrader amcenestrant. A failed phase 3 interim analysis dealt the death blow to the program, which Sanofi once saw as the future “endocrine backbone therapy” in breast cancer.

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With Pfizer, AZ and Merck leading the way, Big Pharma weathered the economic storm in Q2

Despite a bevy of economic challenges in the second quarter, the biopharmaceutical industry got through the period with solid sales as 15 of the top 24 companies saw a revenue increase over the second quarter of 2021. Pfizer, AstraZeneca and Merck were the top gainers while Regeneron and BioNTech took the largest hits.

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Hear ye, hear ye: FDA finalizes OTC hearing aid rule to amp up access, drive down costs

After years of urging from both the government and the public, the FDA has established a new device category that’ll allow certain hearing aids to be sold over the counter, directly to consumers.

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Checkpoint calls it quits on cancer drug trial, citing enrollment problems stemming from war in Ukraine

Checkpoint is calling it quits on a phase 3 combo trial of its lead cancer med because of the ongoing war in Ukraine. The company had the majority of its trial sites in Russia and says it's dealt with a "substantially longer" enrollment period than expected.

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GSK's rotavirus vaccine temporarily runs short, and 'manufacturing challenges' are to blame

Reported pandemic staffing shortfalls within GSK’s manufacturing network have temporarily scuttled supplies of a crucial childhood vaccine in four African countries. 

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MRI-reading AI homes in on the brain abnormalities that cause drug-resistant epilepsy

"This algorithm could help to find more of these hidden lesions in children and adults with epilepsy and enable more patients with epilepsy to be considered for brain surgery that could cure the epilepsy and improve their cognitive development,” Konrad Wagstyl, Ph.D., co-senior author of the study, said in a statement.

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Joe Jonas grabs a new gig promoting Merz's Botox rival Xeomin

"When you look me in the eyes, I hope you don’t see crow’s feet." Not exactly the words of the Jonas Brothers’ hit single, but Joe Jonas—one-third of the U.S. super band—may be re-thinking whether to add that second line for his next gig.

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CRISPR offers genetic clues to Alzheimer's in brain's cleaning crew

A research team led by the University of California, San Francisco has identified genetic regulators of microglia’s disease states in the brain. The hope is to identify drugs that act on relevant genes or proteins to revert diseased microglia back to a healthy state to treat neurodegenerative diseases.

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