Medtech industry faces looming ‘innovation gap’

Today’s Big News

Oct 9, 2023

Bristol Myers Squibb buys Mirati for up to $5.8B as I-O giant branches out into targeted therapy for cancer 


Eikon cuts staff 'to become more efficient,' letter from CEO Roger Perlmutter reveals 


Medtech faces looming 'innovation gap' amid plummeting M&A, IPO, VC activity: EY report


After pandemic sugar rush, a market 'hangover' opens biotech to funding approaches steeped in stigma 


Alnylam abandons Onpattro expansion in US as FDA spurns rare heart disease bid

 

Featured

Bristol Myers Squibb buys Mirati for up to $5.8B as I-O giant branches out into targeted therapy for cancer

After years serving as a rumored target of Big Pharma M&A, Mirati Therapeutics has finally made its sale a reality. The buyer, Bristol Myers Squibb, will pay up to $5.8 billion for the KRAS drugmaker.
 

Top Stories

Eikon cuts staff 'to become more efficient,' letter from CEO Roger Perlmutter reveals

Eikon Therapeutics, a biotech that snatched several big-name executives from Merck & Co. and raked in some of the largest financing rounds in recent memory, has cut staff in an effort to “become more efficient.”

Medtech faces looming 'innovation gap' amid plummeting M&A, IPO, VC activity: EY report

Revenues across the medtech industry clocked in at $573 billion for all of 2022, marking annual growth of just 3.5%—the industry’s lowest rate since 2015.

After pandemic sugar rush, a market 'hangover' opens biotech to funding approaches steeped in stigma

You're not going to hear a private biotech trumpeting a down round as they announce a new batch of funding, but industry experts say the broader market trend has seeped into the sector. That's because a down round used to ring red-hot alarm bells. But as valuations change, investors say the meaning of a down round might too.

Alnylam abandons Onpattro expansion in US as FDA spurns rare heart disease bid

Despite an endorsement from an advisory committee, the FDA has come to a different conclusion on the benefit-risk profile for Alnylam’s Onpattro in the rare heart disease transthyretin amyloidosis cardiomyopathy (ATTR-CM).

J&J study finds ablation procedures lessen heart failure risk in afib patients

A look back at more than 18,400 patients with atrial fibrillation found that those who underwent a cardiac ablation procedure had less than half the risk of going on to develop heart failure.

Chasing Boehringer, Anaptys hits goal in pivotal rare skin disease trial, plans out-licensing deal

AnaptysBio has set the stage for negotiations over its rare skin disease drug candidate, delivering phase 3 data that suggest the asset can challenge Boehringer Ingelheim in generalized pustular psoriasis (GPP).

Best Buy to begin selling CGMs, starting with Dexcom G7 sensor

This holiday season, the hottest electronic on sale at Best Buy just might be a continuous glucose monitor.

Fujifilm Irvine Scientific, Formulated Solutions each lay off 50-plus staffers, filings show

Fujifilm Irvine Scientific laid off 57 staffers in California, while Florida's Formulated Solutions cut 66 of its workers. The layoffs were disclosed in recent Worker Adjustment and Retraining Notification (WARN) filings.

Gates Foundation spends $40M to boost mRNA vaccine production in Africa and beyond

Following similar initiatives to bolster mRNA vaccine production and access in Africa, the Bill & Melinda Gates Foundation is providing new funding to a clutch of drugmakers.

Delfi Diagnostics launches blood-based lung cancer screening test

Delfi's first liquid biopsy test fulfills the company’s years-long prophecy to offer a new blood-based tool for the screening of lung cancer.
 
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'The Top Line': Opportunities, challenges, and the unknown in pharma marketing

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Five ways to get the most from your lab and manufacturing facilities

Learn more about how you can improve the productivity of your research and manufacturing operations and accelerate the journey from laboratory to saving lives.
 

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