UniQure halves R&D, slims team

Today’s Big News

Oct 5, 2023

From $4.2B deal to a desperate search for buyers: How EQRx’s low-cost drug dream unraveled


AbbVie’s pursuit of Parkinson’s back in the pink, buying mitochondria biotech for $110M


UniQure offloads fifth of staff, half of R&D projects to keep gene therapies in clinic into 2027


Orchard lands $387M Kyowa buyout, reaping harvest of US gene therapy progress


Neurocrine's pediatric phase 3 data are missing piece of puzzle for hyperplasia drug submission


Innate lymphoma trials put on partial hold after patient dies, but fully enrolled phase 2 stays on track


Impel, trying to propel itself through financial woes, searches for potential buyer


AbbVie and Calico immunotherapy boosts PD-1 response and tackles T cell exhaustion in mice

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Featured

From $4.2B deal to a desperate search for buyers: How EQRx’s low-cost drug dream unraveled

EQRx charged forward with a mission to develop a catalog of drugs at “radically lower prices." Now, in a regulatory filing, the behind-the-scenes unraveling has been revealed.
 

Top Stories

AbbVie's pursuit of Parkinson's back in the pink, buying mitochondria biotech for $110M

AbbVie is exercising its right to buy mitochondria-focused biotech Mitokinin for $110 million upfront. The acquisition gives AbbVie rights to a preclinical Parkinson's candidate.

uniQure offloads 5th of staff, half of R&D projects to keep gene therapies in clinic into 2027

UniQure is losing a fifth of its employees—including its chief scientific officer—as well half of its R&D projects in a bid to claw back enough money to keep its planned gene therapy trials running into 2027.

Orchard lands $387M Kyowa buyout, reaping harvest of US gene therapy progress

Kyowa Kirin has addressed calls to strengthen its late-phase pipeline by inking a deal to buy Orchard Therapeutics for $387.4 million upfront. The takeover will give Kyowa control of a gene therapy that is on track to win approval in the U.S. in March.

Neurocrine's pediatric phase 3 data are missing piece of puzzle for hyperplasia drug submission

A month after Neurocrine Biosciences’ drug crinecerfont renewed analysts’ hopes of its blockbuster potential by acing a phase 3 study in adults with hyperplasia, the therapy has now scored another win in the pediatric version of the trial.

Innate lymphoma trials put on partial hold after patient dies, but fully enrolled phase 2 stays on track

Innate Pharma’s lymphoma program has hit a safety snag, with the FDA imposing a partial clinical hold on studies after a patient died of a rare hematologic disorder. The biotech remains on course to report data from its two fully enrolled trials but saw its stock drop in the aftermath of the safety signal.

Impel, trying to propel itself through financial woes, searches for potential buyer

Despite efforts to solve its credit woes, Impel Pharmaceuticals is still staring down the barrel of bankruptcy, launching a last-ditch attempt to save itself and search for strategic alternatives, including a potential sale.

AbbVie and Calico immunotherapy boosts PD-1 response and tackles T cell exhaustion in mice

The findings are a positive signal for the companies' small molecule, which is in early-stage clinical trials for solid tumors.

Fractyl's GLP-1 obesity gene therapy outdoes semaglutide for weight loss—in mice

Fractyl Health’s GLP-1-based pancreatic gene therapy outperformed semaglutide injections for weight loss—at least in mice.

Lonza expands antibody-drug conjugate production pact, plots 180 new hires

Lonza has extended a long-term collaboration with an unnamed “major global biopharmaceutical partner” to crank up commercial supply of antibody-drug conjugates at its site in Visp, Switzerland. The deal is set to boost Lonza’s current bioconjugation capacity fourfold, thanks to the addition of two new bioconjugation suites.

Medtronic finds new neuromod segment head in Smith+Nephew, BD alum

Halfway through its fiscal year, Medtronic is finally filling the vacancy at the helm of its neuromodulation operating unit.

Diana Health picks up $34M to expand network of modern women's health practices

Research shows that the U.S. is facing a maternal health crisis. Diana Health partners with hospital and health system leadership to restructure their women’s health programs with a clinical redesign of labor and delivery.

At Viatris' request, US agency will review Novo Nordisk patent on semaglutide

After hearing a petition from Viatris, the U.S. Patent and Trademark Office will conduct a review to determine the validity of a patent held by Novo Nordisk. The review relates to semaglutide, the active ingredient in several of the company's diabetes and obesity superstars.
 
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'The Top Line': Exploring AstraZeneca's environmental pledges

In this episode of "The Top Line," Fierce Pharma's Eric Sagonowksy talks with Pam Cheng, the AstraZeneca executive who is playing a key role in driving the company's sustainability ambitions.
 

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