Pfizer CEO to meet activist investor: report

Today’s Big News

Oct 9, 2024

GSK will pony up $2.2B to resolve 80K Zantac cases


Boehringer unveils $607M deal to land Circle's preclinical cancer program


Pfizer CEO Bourla to meet with activist investor Starboard Value on turnaround pitch: FT


'Ongoing challenges' force Pfizer to scrap oral RSV med from ReViral buyout


Baxter offers recovery timeline after major IV fluid plant closure due to Hurricane Helene


Nobel Prize in Chemistry awarded to 3 scientists for predicting and designing proteins


Sanofi invites patients to ‘Rediscover MS’ with new educational site on disease progression

 

Featured

GSK will pony up $2.2B to resolve 80K Zantac cases

GSK has agreed to pay up to $2.2 billion to resolve approximately 80,000 lawsuits brought by users of Zantac who claimed the heartburn drug caused their cancer. The agreement frees the British pharma giant from litigating 93% of the state court cases it faced in the U.S.
 

Top Stories

Boehringer unveils $607M deal to land Circle's preclinical cancer program

Boehringer Ingelheim has rolled into an alliance with undruggable target specialist Circle Pharma, putting together a package worth up to $607 million to secure the rights to a preclinical cancer program.

Pfizer CEO Bourla to meet with activist investor Starboard Value on turnaround pitch: FT

Activist investor Starboard Value recently picked up a $1 billion stake in the drugmaker and will now pitch a strategy shift to top executives, the Financial Times reported.

'Ongoing challenges' force Pfizer to scrap oral RSV med from ReViral buyout

In another blow to its $525 million buyout of ReViral, Pfizer has ended development of sisunatovir, an oral inhibitor designed to treat RSV in both kids and adults.

Baxter offers recovery timeline after major IV fluid plant closure due to Hurricane Helene

Following the recent closure of its manufacturing facility in Marion, North Carolina, from flooding caused by Hurricane Helene, Baxter is providing some clarity on remediation timelines.

Nobel Prize in Chemistry awarded to 3 scientists for predicting and designing proteins

A day after the Physics prize was given to two scientists for foundational work on machine learning, the Nobel Prize in Chemistry has been awarded to three scientists who used advanced computational methods to solve a decades-old problem.

Sanofi invites patients to ‘Rediscover MS’ with new educational site on disease progression

Treatments for multiple sclerosis have long focused on slowing or stopping the acute disease process, which causes symptom relapses and visible changes on MRI scans. In recent years, however, researchers have defined a second, concurrent form of disease progression, dubbed “chronic smoldering.”

UPDATED: Astellas unveils new Japan site for cell therapy research arm Universal Cells, transferring 12 US roles overseas

Universal Cells—which Astellas refers to as its cell therapy research organization—is establishing a second location overseas at the Japanese pharma’s research campus in Tsukuba. As part of the move, 12 Universal roles in Seattle are being transferred to the Tsukuba site, while another 12 employees are being laid off.

Illumina unveils benchtop DNA sequencer update with push-button workflows

Illumina bills the MiSeq i100 series as a complete redesign of its original MiSeq sequencer, which made its debut in 2011, saying it can operate four times faster and use room temperature reagents.

Clearside eye disease candidate aces exam in pursuit of Roche's Vabysmo and Regeneron, Bayer's Eylea

Clearside’s CLS-AX (axitinib injectable suspension) has aced a phase 2b trial, achieving its primary and secondary outcomes for patients with neovascular age-related macular degeneration (wet AMD).

ModeX's multispecific antibodies shut down COVID variants and advance to the clinic with $35M more BARDA bucks

Though the peak of COVID-19 deaths is thankfully behind us, the virus is still a pernicious public health threat that vexes drugmakers by constantly evolving new variants that can elude existing treatments.

ShiraTronics raises $66M for its neuromodulation implant for chronic migraines

ShiraTronics' drug-free therapy system is designed for patients who have not seen relief with prescription drugs, with severe headaches occurring at least 15 days each month.
 
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'The Top Line': 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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