2 US biologists win Nobel Prize for RNA work

Today’s Big News

Oct 7, 2024

This year's biopharma layoff rate on track with 2023: Fierce Biotech Q3 analysis


Scholar Rock's phase 3 SMA trial hits goal, catapulting stock up 327% 


Nobel Prize in Physiology or Medicine awarded to 2 discoverers of microRNA


AstraZeneca pays CSPC $100M for preclinical heart disease drug, teeing up combos and Lilly rivalry


FDA places Kezar's lupus trial on hold in wake of 4 patient deaths


Galecto buys leukemia drug from Bridge Medicines, drops bone cancer asset in strategic pivot


Judo kickstarts with $100M to develop genetic medicines that strike out kidney disease


CAMP4 is latest biotech to eye IPO, while Upstream spells out $182M plans 


Psyence walks away from acquisition of fellow psilocybin biotech Clairvoyant

The Top Line Podcast: Don’t miss out on the newest episode. Listen now.

 

Featured

This year's biopharma layoff rate on track with 2023: Fierce Biotech Q3 analysis

As summer heat turns to cool winds, hopes that this year would bring widespread industry relief have dissipated, with quarterly layoffs evening out to similar levels as the same time last year.
 

Top Stories

UPDATED: Scholar Rock's phase 3 SMA trial hits goal, catapulting stock up 327%

A phase 3 trial of Scholar Rock’s spinal muscular atrophy candidate has hit its primary endpoint, sparking a 200%-plus premarket surge in the biotech’s stock price. Investors went wild despite the higher dose falling short of the targeted efficacy and Scholar Rock making no mention of a key secondary goal.

Nobel Prize in Physiology or Medicine awarded to 2 discoverers of microRNA

The Nobel Assembly at the Karolinska Institute has taken a liking to RNA. The committee has awarded two American biologists the 2024 Nobel Prize in Physiology or Medicine for their discovery of microRNA, the small RNA molecules that regulate genes, one year after the prize went to scientists who conducted foundational work on mRNA vaccines.

AstraZeneca pays CSPC $100M for preclinical heart disease drug, teeing up combos and Lilly rivalry

AstraZeneca has paid CSPC Pharmaceutical Group $100 million for a preclinical cardiovascular disease drug candidate. The deal, which covers a potential rival to an Eli Lilly prospect, positions AstraZeneca to run combination studies with an existing candidate it sees as a $5 billion-a-year blockbuster.

FDA places Kezar's lupus trial on hold in wake of 4 patient deaths

The FDA has placed Kezar Life Sciences’ lupus trial on hold after the biotech flagged four deaths during the phase 2b study.

Galecto buys leukemia drug from Bridge Medicines, drops bone cancer asset in strategic pivot

A year after the failure of an idiopathic pulmonary fibrosis drug sent Galecto on a search for salvation, the Boston-based biotech has decided to go all-in on oncology and liver disease

Judo kickstarts with $100M to develop genetic medicines that strike out kidney disease

Taking the mat is Judo Bio, an Atlas Venture-backed biotech armed with $100 million to develop oligonucleotide medicines targeting the kidney.

CAMP4 is latest biotech to eye IPO, while Upstream spells out $182M plans

RNA biotech CAMP4 Therapeutics has marked out plans for a $67 million IPO, with inflammation-focused Upstream Bio pegging its own IPO ambitions at $182 million.

Psyence walks away from acquisition of fellow psilocybin biotech Clairvoyant

Psyence Biomedical has walked away from its planned acquisition of fellow Canadian psilocybin-based biotech Clairvoyant Therapeutics after completing the due diligence process.

Flexible mRNA vaccine protects mice from deadly C. diff infections, including recurring cases

The bacterium Clostridioides difficile is named “difficult” for a reason. Originally it was hard to grow in the lab, and now it’s the source of gut infections that are tough to treat. About half a million people in the U.S. contract C. diff every year, often from hospitals, and even once treated it’s common for the microbe to reinfect patients again and again.

Amid GLP-1 craze, Novo and Mylan ink patent settlement in Ozempic case

Mylan Pharmaceuticals and Novo Nordisk have reached a confidential settlement in a patent lawsuit tied to generic Ozempic, also known as semaglutide, India’s Natco Pharma said. Natco and Mylan—which is now part of Viatris—are working together on the development of a generic version of the massively popular diabetes drug.

MARAbio raises $19M to develop an antibody blood test for autoimmune-related autism

MARAbio Systems derived its name from a particular pattern of antibodies carried by the child’s mother, which research has shown can react with proteins found in the developing brain.

For Bristol Myers Squibb's newly approved schizophrenia drug, what a long, strange trip it's been

Off the scrapheap of discarded drugs and on its way to becoming the most highly anticipated approval of 2024, Bristol Myers Squibb’s schizophrenia treatment Cobenfy (KarXT) has had an unusual odyssey and one that may serve as instructive for future drug discovery.

Some doctors are using public AI chatbots like ChatGPT in clinical decisions. Is it safe?

Publicly available generative AI tools like ChatGPT are popular, easy to access and simple to use. If consumers are using them, are doctors, too? The answer, Fierce Healthcare finds, is yes.
 
Fierce podcasts

Don’t miss an episode

Breaking down BIOSECURE—Industry implications and what comes next

This week on "The Top Line," Fierce Pharma’s Fraiser Kansteiner and Arnold & Porter’s Dan Kracov break down the BIOSECURE Act's potential impact on the life sciences industry and what comes next after the House of Representatives' recent vote.
 

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HPV-based cervical cancer screening: Gaining insights in sample preference and cost-effectiveness.

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On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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