Roche drops eye drug, solid-tumor bispecific

Today’s Big News

Oct 19, 2023

Pfizer settles gender pay discrimination allegations at NYC headquarters


Flagship’s embattled Laronde sets sail with Senda in merger


Roche drops oral eye disease drug after completing phase 2, pulls back from solid tumor bispecific


GLP-1 giant Novo Nordisk pairs up with GE HealthCare on device treatment for obesity, Type 2 diabetes


PTC inks Royalty deal worth up to $1.5B on Genentech-partnered SMA drug Evrydsi


Beam lays off about 100 employees, deprioritizes CAR-T programs to push runway into 2026

 

Featured

Pfizer settles gender pay discrimination allegations at NYC headquarters

The accusations centered on the company's compensation of 86 female employees in 2015 and 2016. Under the settlement with the Department of Labor, the company must also set aside $500,000 for potential future salary adjustments.
 

Top Stories

Flagship’s embattled Laronde sets sail with Senda in merger

Flagship Pioneering’s Senda Biosciences and Laronde are merging into Sail Biomedicines, a new biotech designed to develop programmable medicines with more than $700 million in its combined coffers.

Roche drops oral eye disease drug after completing phase 2, pulls back from solid tumor bispecific

Roche’s vision of developing an oral diabetic retinopathy treatment has taken a hit, with the drugmaker stopping development of vicasinabin after completing phase 2. The CB2 agonist was discarded as part of a cull that also saw Roche pull back from its CEAxCD3 bispecific candidate cibisatamab.

GLP-1 giant Novo Nordisk pairs up with GE HealthCare on device treatment for obesity, Type 2 diabetes

Though Novo Nordisk continues to rake in the massive profits from its blockbuster drugs Ozempic, Wegovy, Victoza and Saxenda—which are prescribed to treat obesity and Type 2 diabetes—the Danish drugmaker is still looking for other approaches.

PTC inks Royalty deal worth up to $1.5B on Genentech-partnered SMA drug Evrysdi

PTC will hold on to 19% of its royalty interest in the Genentech drug with the option to sell the rest down the line. The company licensed the med to Genentech in 2011.

Beam lays off about 100 employees, deprioritizes CAR-T programs to push runway into 2026

Beam Therapeutics is laying off about 100 employees and sunsetting CAR-T development as a lead sickle trial continues to sluggishly progress. The company says the cost cuts should extend the cash runway into 2026.

Edwards Lifesciences claims European approval for transcatheter tricuspid valve implant

The company described its Evoque valve as the first minimally invasive therapy of its kind to receive a regulatory green light.

EU, UK authorities crack down on fake versions of Novo Nordisk's Ozempic

Novo Nordisk's hugely popular diabetes and weight-loss meds have attracted their share of counterfeits. Now, British and European drug authorities are warning that they've discovered falsified Ozempic pens on their home turf.

CRISPR Therapeutics, at dealmaking 'middle ground,' seeks pipeline partners and new delivery tech

While most of the attention on CRISPR Therapeutics centers on the company’s Vertex-partnered cell therapy and looming FDA advisory committee meeting, Alex Harding, M.D., is cooking up the biotech's next wave of deals. 

Takeda’s stem cell treatment Alofisel flunks phase 3 trial in Crohn's complication

After trimming an early-stage Crohn’s disease candidate from its pipeline this year, Takeda is dealing with the failure of another of its therapies in a related indication. Alofisel (daradstrocel), a stem cell therapy designed to treat one of the most debilitating complications of Crohn’s—complex perianal fistulas (CPF)—has come up short in a phase 3 trial.

Sophia Genetics, AstraZeneca and Memorial Sloan Kettering team up to expand access to cancer tests

In supergroup-style, a trio of heavyweights spanning medtech, healthcare and pharma are teaming up to improve access to comprehensive cancer diagnostics.

Array BioPharma employee's husband accused of making $90K from insider trading before Pfizer buy

An Array BioPharma investor is facing insider trading allegations, with criminal and civil cases accusing him of unlawfully trading stock options after learning from his wife—an Array employee—that Pfizer might acquire the biotech.

Regulatory tracker: Takeda's antibody-drug conjugate Adcetris grows its reach in Europe

In this tracker, Fierce Pharma is recording the regulatory progress of in-market products, including expansions into key geographies and new indications. Some of these updates may not meet the bar for standalone stories, but we think they are still worth mentioning.
 
Fierce podcasts

Don’t miss an episode

‘Podnosis’: A look at Humana’s expansion into senior-focused primary care

In this week’s episode of “Podnosis,” we delve into how Humana is expanding its reach in senior-focused primary care and home health. Fierce Payer Senior Editor Paige Minemyer caught up with Sanjay Shetty, M.D., president of Humana’s CenterWell segment, to explore why the insurer is placing its bets on primary care and the strategies the company intends to use to achieve its growth ambitions. 
 

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