IRA may hit R&D harder than expected: Study

Today’s Big News

Sep 6, 2023

AstraZeneca hit with FDA rejection for Ultomiris in rare autoimmune disorder


Medtronic faces class-action lawsuit over patient data shared from MiniMed, InPen diabetes apps


Gilead-backed study warns IRA price negotiations could hit R&D harder than expected


J&J hands back $230M blood pressure drug to Idorsia with approval in sight


Before key Tagrisso showdown, J&J notches Rybrevant trial win in large lung cancer area


Apollo lands $226M series C for mysterious pipeline spread across hub-and-spoke R&D model

 

Featured

AstraZeneca hit with FDA rejection for Ultomiris in rare autoimmune disorder

The FDA handed the company a complete response letter for its Ultomiris application in neuromyelitis optica spectrum disorder, a rare autoimmune disease affecting the central nervous system.
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Top Stories

Medtronic faces class-action lawsuit over patient data shared from MiniMed, InPen diabetes apps

Just a few months after Medtronic resolved a late 2021 FDA warning letter describing quality control issues at the headquarters of its diabetes division, that segment of its business is in the hot seat once again—this time, as the subject of a class-action lawsuit.

Gilead-backed study warns IRA price negotiations could hit R&D harder than expected

How hard will the Inflation Reduction Act hit pharma R&D? Harder than the government expected, according to work by the University of Chicago that found lower R&D spending could result in 79 fewer new small-molecule drugs over the next 20 years.

J&J hands back $230M blood pressure drug to Idorsia with approval in sight

Johnson & Johnson is backing away from its $230 million blood pressure bet, returning the global rights to the near-approval treatment to Idorsia in a deal worth up to $343 million.

Before key Tagrisso showdown, J&J notches Rybrevant trial win in large lung cancer area

Johnson & Johnson’s Rybrevant is currently approved for a tiny non-small cell lung cancer niche. A late-stage study could move the drug to a larger disease area where AstraZeneca’s blockbuster Tagrisso plays, but the most important readout still lies ahead.

Apollo lands $226M series C for mysterious pipeline spread across hub-and-spoke R&D model

Apollo Therapeutics is launching its series C flight with $226.5 million, money that will bolster its hub-and-spoke approach to drug development and 20-plus pipeline programs that remain largely under wraps.  

Abbott tracks down Bigfoot Biomedical in deal to combine diabetes tech

It’s no legend: Abbott has captured Bigfoot Biomedical by striking a deal to acquire the diabetes management tech maker.

UPDATED: Janssen sticks with Cidara's flu med but intends to hand over the rights to someone else

Janssen has elected to stick with a 2021 deal for Cidara's flu prophylaxis but will likely hand over the rights to someone else. Cidara earned a $7 million milestone payment thanks to the decision and still stands to earn more than $650 million in potential biobucks.

CSL Vifor lays off 85 staffers in US commercial group in wake of $11.7B buyout

A year after Vifor Pharma joined CSL under an M&A deal, the company has cut 85 employees based out of Vifor's Redwood City location in California.

Laborie picks up Urotronic and its BPH balloon for $600M

Laborie Medical Technologies has taken another step in a steady cadence of acquisitions, picking up prostate balloon treatment maker Urotronic.

Kriya continues acquisition streak, snapping up gene therapy biotech and diving into the NASH space

While it’s been a rocky year for many, everything is smooth sailing at Kriya Therapeutics—one of biotech’s top money raisers last year—as it continues its acquisition streak. This time, Kriya has snapped up Tramontane Therapeutics and will be developing a NASH program sourced from the gene therapy biotech.
 

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Biotech in the UK: Mapping the Runway to Success

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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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