MDMA filing nears after PTSD trial win

Today’s Big News

Sep 15, 2023

Bristol Myers banks on 25-plus label expansions to help weather IRA, Revlimid generics and more


RayzeBio overshoots expectations with $311M IPO while Neumora hits $250M target


Mayo Clinic, GE HealthCare launch tech-driven theranostic imaging collaboration


MDMA approval filing nears after drug hits again in phase 3, showing consistent PTSD improvements


Bayer CEO plots management cuts as first step in larger overhaul: Reuters

 

Featured

Bristol Myers banks on 25-plus label expansions to help weather IRA, Revlimid generics and more

With the potential for more than two dozen label expansions on the horizon, Bristol Myers Squibb bets its pipeline can help it withstand the pressure from the Inflation Reduction Act and a trio of weighty patent losses.
 

Top Stories

RayzeBio overshoots expectations with $311M IPO while Neumora hits $250M target

Anyone wanting to end the week on a hopeful note could do worse than to check out the duo of biotech IPOs that made it over the line. RayzeBio has just revealed it overshot expectations by raising $311 million, while Neumora Therapeutics was squarely on target with a $250 million offering.

Mayo Clinic, GE HealthCare launch tech-driven theranostic imaging collaboration

The Mayo Clinic is expanding its decade-plus ties with GE HealthCare, with a slate of new joint R&D projects that will explore the use of digital imaging and theranostics—with the goal of advancing the clinic’s research closer to the commercial market.

MDMA approval filing nears after drug hits again in phase 3, showing consistent PTSD improvements

MAPS Public Benefit Corporation has shown off phase 3 data it hopes will secure a landmark approval for MDMA in the U.S. next year. The second phase 3 success is the result of almost 40 years of work to show that psychedelics can treat post-traumatic stress disorder (PTSD) when used to enhance therapy.

Bayer CEO plots management cuts as first step in larger overhaul: Reuters

The CEO is eying some big changes, but he wants to show investors he's prepared to act swiftly, Reuters reports. The publication cited three people "familiar with the matter" in reporting the behind-the-scenes developments at Bayer.

After FDA setback, PTC Therapeutics' DMD drug Translarna faces possible market withdrawal in Europe

A “surprised and extremely disappointed” PTC Therapeutics is scrambling to keep its Duchenne muscular dystrophy therapy Translarna on the European market after a detrimental review.

Beacon Biosignals lights the way to FDA nod for AI-powered sleep monitoring headset

Beacon Biosignals is living out a dream scenario: Mere weeks after acquiring EEG headset maker Dreem, it has earned FDA clearance for a sleep monitoring solution that combines the Dreem hardware with Beacon’s own artificial intelligence-based software.

Delayed TIL 2024: FDA resource constraints push back decision on Iovance cell therapy

The FDA has provided yet another twist in the Iovance Biotherapeutics saga. After years of delays, the biotech was on track to receive an approval decision on its tumor-infiltrating lymphocyte melanoma therapy this year only for the FDA to delay the deadline because of “resource constraints.”

FDA clears wearable ECG patches from Samsung spinout Wellysis, SmartCardia

The FDA has given separate green lights to two wearable monitors that aim to improve the accuracy of continuous electrocardiography tracking.
 
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