Plus the top 10 R&D institutes of 2021
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WELCOME TO FIERCE LIFE SCIENCES WEEKLY DIGEST

Even before revealing a plan earlier this year to eliminate 8,000 jobs, Novartis cut loose three of its C-suite executives. Now it looks like more leaders could face the chopping block: Among the 1,400 employees the pharma giant plans to lay off in Switzerland next year, up to half will be from leadership positions. Meanwhile, Novartis has paused dosing in a phase 2b trial of its oral Huntington’s disease med, branaplam, after early signs of peripheral nerve damage. And in the global medical research ecosystem, we’ve collected the world’s top 10 R&D institutions—and many large players did not make the cut. Those stories and our other top reads of the week follow below.

Featured Story

Novartis set to eliminate many leadership positions as part of 1,400 layoffs in Switzerland

Of the 1,400 jobs Novartis plans to cut in its home country of Switzerland, up to half will be leadership positions, the company said during a media event Tuesday in Zurich. The news comes after the company revealed in June that it would slash 8,000 jobs in order to save $1 billion.

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Top Stories Of The Week

Novartis suspends dosing in phase 2b Huntington's trial after side effects reported

After seeing signs of side effects in some participants, Novartis has suspended dosing in its phase 2b Huntington’s disease trial assessing branaplam. Specifically, the review found that branaplam may cause peripheral neuropathy.  

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The top 10 global R&D institutes of 2021

Advances in the biomedical industry are often a function of quality research produced at academic research institutions around the world. This year's list of top R&D outposts had a number of changes, namely the addition of more Chinese institutions.

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With FDA approval, Axsome touts Auvelity as a potential game-changing depression treatment

The lack for adequate options to treat major depressive disorder has been well documented. Then came the pandemic, adding more patients diagnosed with MDD and heightening the unmet need. With that, the timing is good for the approval of a potentially game-changing drug to treat MDD. On Friday, the FDA signed off on Axsome Therapeutics’ Auvelity, the first rapid-acting oral treatment for MDD.

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Former Kadmon consultant pleads guilty to insider trading ahead of Sanofi buyout

A former Kadmon consultant pled guilty to insider trading ahead of Sanofi's September 2021 buyout of the small drugmaker. Frank Glassner made $368,000 trading off of nonpublic information, the feds say.

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Abbott proclaims FDA approval of neurostimulator to treat pain in 6 areas at once

A spinal cord stimulation device newly approved in the U.S. one-ups other pain relief devices—or, perhaps, six-ups them—by treating multiple areas of the body at once.

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UPDATED: PACT Pharma to cull lead asset, divert 54 employees to new business development venture

More than a month after axing 94 employees, PACT Pharma is culling its lead asset and diverting 54 of the laid-off employees to a new business development venture that's yet to be named.

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UPDATED: Teva won't reopen troubled California site, where 300-plus are losing their jobs

Teva Parenteral Medicines is letting go of 305 staffers at its site at 19 Hughes, Irvine, California, according to a local Worker Adjustment and Retraining Notification Act notice. In a statement, the company said it's moving to close the troubled site.

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Ex-Takeda leader to provide steady hand as Tessa's CEO after C-suite churn

Former Takeda exec Thomas Willemsen will be taking the reins as Tessa Therapeutics' new president and CEO as the CAR-T biotech gears up in anticipation of several clinical milestones.

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Chinese biopharma BeiGene teams with real-world evidence data firm Ontada to campaign for better cancer drug access in the US

BeiGene is building up its oncology franchise but, to help boost awareness of cancer drugs, is tapping McKesson’s real-world evidence business Ontada for a series of new campaigns.

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Not all cancer associated fibroblasts are created equal—some promote, some suppress drug resistance

Cancer-associated fibroblasts are commonly believed to induce drug resistance. But when researchers at Moffitt Cancer Center took a closer look at the fibroblasts, they discovered that while some induce drug resistance, some induce drug sensitivity.

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'The Top Line': Genentech's candid conversation about diversity, a report's surprising findings on diabetes brand recall and more

This week on "The Top Line," we discuss Genentech’s Greg Rippon's remarks on missing the mark in terms of diverse trial recruitment and how the company hopes to get it right in the future. We'll also chat about a new report on brand awareness for diabetes drugs.

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We're looking for 2022's Fiercest Women in Life Sciences—closes this week

Each year at Fierce, we spotlight women who are leading the way in the life sciences, from industry professionals and academics to venture capitalists and regulatory officials.

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On-Demand Webinar: The Faster Path From Pre-Filled Syringe to Auto-Injector

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