Cell therapy biotech shutters Vancouver lab, lays off staff

Today’s Big News

Aug 30, 2023

Novo Nordisk swallows another obesity biotech, paying $16M upfront for its preclinical partner


FibroGen fails again in DMD, continuing rotten run of phase 3 flops


Notch Therapeutics shutters cell therapy center, seeks roles for displaced staff at other companies


Researchers behind AstraZeneca's COVID shot reunite to prepare for future pathogens


Parkinson's-focused Serina uses merger with ailing AgeX as opportunity to go public


Fierce Biotech Fundraising Tracker '23: Epigenic raises $32M series A; Superluminal snags $33M seed

The Top Line Podcast: don’t miss out on the newest episode where we discuss ASCO data, rising health tech stars, and more. Listen now.

 

Featured

Novo Nordisk swallows another obesity biotech, paying $16M upfront for its preclinical partner

Novo Nordisk is continuing to seek out obesity assets, paying 15 million euros ($16 million) to snap up Embark Biotech in its second weight loss takeover in quick succession.
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Philadelphia, PA
 

Top Stories

FibroGen fails again in DMD, continuing rotten run of phase 3 flops

FibroGen’s rotten run continues. The biotech reported its fourth phase 3 failure in as many months after the market closed Tuesday, flunking a second Duchenne muscular dystrophy trial in quick succession to send it deeper into the mire.

Notch Therapeutics shutters cell therapy center, seeks roles for displaced staff at other companies

Notch Therapeutics is shuttering one of its three cell therapy centers—which also serves as its headquarters—and is working to find positions for its displaced staff at other companies in the industry.

This CDMO's global footprint is helping innovative companies bring their medications to patients

With the rapid increase in cell and gene manufacturing, companies need support from experienced, reliable, and global, CDMO's with a deep and rich technology network.

Researchers behind AstraZeneca's COVID shot reunite to prepare for future pathogens

Scientists at the University of Oxford are once again teaming up CEPI to develop new prototype vaccines aimed at preventing future pandemics. The Norwegian preparers have committed $80 million toward the initiative, which will build on Oxford's adenovirus vaccine platform.

Accelerate and Optimize Rare Disease Patient-Finding with AI

Using artificial intelligence to predict and uncover de-identified rare disease patients shortens the time to diagnosis, benefiting both patients and life science companies.

Parkinson's-focused Serina uses merger with ailing AgeX as opportunity to go public

For a few years, it seemed that AgeX Therapeutics was locked in limbo—forever warning its cash was about to run out while never posting developments to its preclinical pipeline. Now, Serina Therapeutics has finally decided to act on the opportunity to leverage AgeX’s public listing as it pushes ahead with its lead Parkinson’s disease therapy.

Fierce Biotech Fundraising Tracker '23: Epigenic raises $32M series A; Superluminal snags $33M seed

Alongside the new year, we've launched a new Fierce Biotech Fundraising Tracker to keep the pulse on the industry's financing.

Pharmaceutical industry rips 'draconian' price negotiation provision

Critics of President Joe Biden's policies to rein in prices for 10 Medicare Part D drugs believe the policy is "draconian" and will stunt innovation in biotech and pharma startups.

Abbott study pits OCT imaging against angiography, showing improved coronary stent deployments

Abbott aims to build optical coherence tomography into a preferred tool for guiding the placement of stents that increase blood flow to the heart muscle. But a pair of major late-breaking studies comparing OCT to other imaging techniques have delivered mixed results.

Johnson & Johnson's spinoff of Kenvue provides $13.2B in potential M&A firepower

Last month, during a quarterly conference call—as Johnson & Johnson considered its future beyond separation of its consumer health unit—Chief Financial Officer Joe Wolk described the company’s appetite for M&A as “voracious." Helping fuel that appetite are the proceeds gained from the spinout of Kenvue. Wednesday, J&J said the offering had generated $13.2 billion in cash.

Lucid bulks up OTC hearing aid offerings with background noise-minimizing tech

Lucid Hearing unveiled the “highest premium option” in its OTC line of hearing aids this week: The earbud-like $1,300 Tala.

How behavioral health app BeMe is aiming to connect with teens

In order to address deteriorating adolescent mental health, interventional behavioral health app BeMe Health moved to meet teens where they’re at—online. Amd according to new research, this methodology is proving successful. 
 
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'The Top Line': Cannes Lions, top paid CEOs, and a drug shortage

This week on "The Top Line," we discuss the trends seen at Cannes Lions, the top compensated CEOs in the industry, and the cancer drug shortage

 

Resources

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Plan for success with your process liquid and buffer preparation

Learn how process liquids and buffers impact your total cost of ownership (TCO) and how outsourcing can revolutionize your approach, ensuring quality standards and improving productivity.
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Key Drivers of Sales Force Strategy in Oncology

In oncology, traditional methods for determining sales force size & structure are no longer appropriate. This paper describes the multiple drivers of sales strategy in oncology markets today.
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Reduce chemical lead times with just-in-time delivery

Learn how the right chemical inventory strategy helped save a mid-size CDMO millions of dollars while securing a stable supply of products with just-in-time delivery.
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Novel Antibodies for the Characterization of CAR-T Cells

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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