Wegovy windfalls widen Novo owner's investment plans

Today’s Big News

Oct 6, 2023

After short FTC fight, Amgen wraps up $27.8B Horizon buyout 


Still ‘unsatisfied’ with Philips’ handling of CPAP recall, FDA calls for additional safety testing


Flush with Wegovy cash, Novo Nordisk's owner widens investment strategy beyond biotech


Novo Nordisk's weight-loss drugs pose small risk of severe stomach complications: study 


BMS taps Arch-backed startup to change cancer trial Paradigm, accelerate enrollment


Dana-Farber's Precede Biosciences debuts with $57M for its blood-based biopsy tests

 

Featured

After short FTC fight, Amgen wraps up $27.8B Horizon buyout

Amgen has completed its $27.8 billion acquisition of Horizon Therapeutics after fending off a legal challenge by the U.S. antitrust watchdog.
 

Top Stories

Still ‘unsatisfied’ with Philips’ handling of CPAP recall, FDA calls for additional safety testing

Since Philips began its recall of millions of respiratory devices in June 2021, the FDA hasn’t been shy about criticizing how the company has handled the recall.

Flush with Wegovy cash, Novo Nordisk's owner widens investment strategy beyond biotech

Outside of a global pandemic, it’s rare for a medicine to truly become a household name. But Novo Nordisk’s Wegovy is rapidly reaching that status, with the obesity drug accruing more front pages and celebrity endorsers every day.

Novo Nordisk's weight-loss drugs pose small risk of severe stomach complications: study

People who use Novo Nordisk’s popular weight-loss drugs are taking on a small risk of developing severe stomach problems, according to research conducted by the University of British Columbia. The investigation indicates a link between Novo’s GLP-1 products and gastroparesis, pancreatitis and bowel obstruction. Still, the investigators emphasized that the risk was very small.

BMS taps Arch-backed startup to change cancer trial Paradigm, accelerate enrollment

Bristol Myers Squibb is putting Paradigm’s plans to rebuild the clinical trial system to the test, teaming up with the startup to design studies that can activate community health provider organizations as sites.

Dana-Farber's Precede Biosciences debuts with $57M for its blood-based biopsy tests

The spinout from Dana-Farber Cancer Institute aims to deliver a series of blood tests aimed not only at directing patients to precision treatments, but also at assisting drug developers in creating new ones.

'Extremely concerning' chemo shortage persists despite FDA's efforts, national cancer group reports

The National Comprehensive Cancer Network found that 72% of centers are still experiencing a carboplatin shortage, while 59% remain low on cisplatin. The survey follows a June report which found that nearly all centers had short supply of the chemotherapies.

Sanofi weighs Mirati buy as KRAS cancer drug battle enters new phase: Bloomberg

Mirati Therapeutics saw its stock price spike Thursday at the possibility of a buyout from Sanofi. The French pharma has been evaluating a potential acquisition of the KRAS drug developer, Bloomberg reports, citing unnamed sources.

Chutes & Ladders—Lilly's US leader takes charge of key diabetes and obesity unit

With Eli Lilly on the precipice of one of its most consequential FDA approvals ever, the company is making major executive moves. 
 
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By 2030, the global demand for biologics is projected to grow at a CAGR of 8.7% and the challenges, risks, and costs of bringing large molecule products to market are growing exponentially.
 

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