I-O biotech goes bankrupt

Today’s Big News

Oct 10, 2024

Activist investor Starboard accuses Pfizer of strong-arming former execs into backing CEO Bourla ahead of strategy meeting


Gritstone files for bankruptcy in hope of keeping cancer vaccine R&D afloat


Sen. Warren calls on FTC to scrutinize Novo Holdings' $16.5B Catalent buyout


Novo Holdings-backed Booster takes off with protein degraders aimed at neurodegeneration


B. Braun's Florida facility largely unscathed as Hurricane Milton threatens to further upend supplies of critical IV fluids


Pfizer targets broad Talzenna approval in prostate cancer as trial meets patient survival goal


Glooko collects $100M, plus a new CEO, to boost its diabetes platform

 

Featured

Activist investor Starboard accuses Pfizer of strong-arming former execs into backing CEO Bourla ahead of strategy meeting

After initially supporting a meeting with activist investor Starboard Value, Pfizer's former CEO and CFO publicly changed their tune after being threatened with litigation by Pfizer, Starboard alleges.
 

Top Stories

Gritstone files for bankruptcy in hope of keeping cancer vaccine R&D afloat

Gritstone bio may have left no stone unturned when it came to searching for a financial rescue, but the vaccine biotech has decided that all roads now lead to bankruptcy.

Warren calls on FTC to scrutinize Novo Holdings' $16.5B Catalent buyout

In a letter to the chair of the U.S. Federal Trade Commission, Lina Khan, Sen. Elizabeth Warren is calling on the antitrust agency to “carefully scrutinize” Novo Holding’s multibillion-dollar bid for CDMO Catalent.

Novo Holdings-backed Booster takes off with protein degraders aimed at neurodegeneration

Booster Therapeutics has launched with $15 million in seed financing and a mission to take on the current crop of targeted protein degraders.

B. Braun's Florida facility largely unscathed as Hurricane Milton threatens to further upend supplies of critical IV fluids

B. Braun—one of the top IV solutions makers in the U.S.—has pledged to step up production in light of Baxter International's recent plant closure in the aftermath of Hurricane Helene. Despite being in the path of Hurricane Milton, a B. Braun plant in Florida has emerged largely unscathed.

Pfizer targets broad Talzenna approval in prostate cancer as trial meets patient survival goal

In prostate cancer, Pfizer’s Talzenna already holds the broadest FDA approval within the PARP inhibitor class. Now, with new data indicating the drug could prolong patients’ lives, the company is targeting an even wider label.

Glooko collects $100M, plus a new CEO, to boost its diabetes platform

The company said that after a global search, it has appointed Mike Alvarez, former CEO of Qardio, to serve as its new chief.

Syneos Health lands former IQVIA R&D leader as CEO

Syneos Health has tapped Costa Panagos to take the reins from former CEO Colin Shannon, who will transition to the role of executive chair.

Vertex, nearing finish line for non-opioid drug, delves into current difficulties in pain treatment

With an FDA decision looming over its first foray into the acute pain space, Vertex Pharmaceuticals has commissioned a pair of surveys to take stock of that space.

Ono links with LigaChem to bag preclinical ADC in $700M biobuck deal

Ono Pharmaceutical has bought a seat in a quiet corner of the congested antibody-drug conjugate (ADC) space, agreeing to pay LigaChem Biosciences up to $700 million for a potential first-in-class solid tumor candidate LCB97.

Deep learning AI model scans 'dark matter' of genomic data to find 70,000 never-before-seen RNA viruses

To find RNA viruses hiding in genomic “dark matter,” researchers took advantage of one thing they all have in common: the RNA polymerase enzyme.

Cytovale gains momentum with $100M for its sepsis screening test

The company’s nine-figure series D follows up on the $84 million financing round it collected less than one year ago.

Zevra, nonprofit team up to urge timely testing for life-threatening rare diseases

Zevra Therapeutics has partnered with the National Urea Cycle Disorders Foundation to run an awareness campaign designed to improve the diagnosis of conditions treated by one of its products.
 
Fierce podcasts

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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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