GSK’s HIV franchise aims for £7B

Today's Big News

Oct 21, 2022

Summit makes case for changes to antibiotic R&D after sharing data from failed phase 3 trial

Advocate Aurora says 3M patients’ health data possibly exposed through tracking technologies

GSK's HIV franchise could reach £7B in 2026, analyst says, as real-world data start backing long-acting Cabenuva

New Philips CEO Jakobs apologizes for the ‘pain’ caused by sleep apnea device recalls

SPAC in fashion: Cancer-focused Aum is latest biotech to use blank check route

Scynexis plans to cut 40% of staff and license its approved antifungal in pivot to R&D 

Quest catches ‘tailwind’as plummeting COVID test sales send base diagnostic business to new heights

 

Featured

Summit makes case for changes to antibiotic R&D after sharing data from failed phase 3 trial

Ten months after revealing a phase 3 flop, Summit Therapeutics has shared data from the antibiotic trial and framed it as evidence of a potential need to change how anti-infectives are developed and assessed.
 

Top Stories

Advocate Aurora says 3M patients' health data possibly exposed through tracking technologies

Advocate Aurora Health is notifying all 3 million of its patients that their health data may have been exposed through tracking technology. The health system, one of the Chicago area’s largest healthcare providers, explained in a statement on its website that through the use of internet tracking technologies certain interactions on the provider’s website were leaked.

GSK's HIV franchise could reach £7B in 2026, analyst says, as real-world data start backing long-acting Cabenuva

GSK is banking on long-acting cabotegravir for growth in its HIV department. At least one team of analysts believes the company has the winning formula, and real-world evidence has started backing the case.

New Philips CEO Jakobs apologizes for the ‘pain’ caused by sleep apnea device recalls

Roy Jakobs took over the role of CEO of Philips on Oct. 15, amid a tricky time for the devicemaker, which continues to grapple with the vast recall of many of its CPAP and BiPAP machines that began in the summer of 2021.

SPAC in fashion: Cancer-focused Aum is latest biotech to use blank check route

Whisper it, but biotech SPACs appear to be back in fashion. The latest is cancer-focused Aum Biosciences, which is merging with blank check company Mountain Crest Acquisition to put its MNK and TRK inhibitors into phase 2 testing.

Scynexis plans to cut 40% of staff and license its approved antifungal in pivot to R&D

Scynexis has laid out a strategy to “refocus its resources” on the clinical development of its antifungal ibrexafungerp in “hospital-based indications in which higher long-term returns are expected.” In turn, the company will license out the drug in its approved indication and terminate its entire commercial team.

Quest catches ‘tailwind’ as plummeting COVID test sales send base diagnostic business to new heights

Quest Diagnostics has seen its base business rebound in direct relation to dropping COVID-related earnings.

ACHP: Nonprofit Medicare Advantage plans made up one-third of 5-star options

Nonprofit community Medicare Advantage plans made up one-third of plans that garnered five stars, an analysis from the Alliance of Community Health Plans.

Dreaded 'high placebo rate' hits Immunic's psoriasis trial, causing investors to flee

With Halloween around the corner, the bogeyman of biotech—high placebo rate—has spooked investors in Immunic, sending its stock down 71% to $2.60 in premarket trading. The company blamed the response rate in the placebo arm for a disappointing look at interim, blinded data from its phase 1b psoriasis trial.

Medtronic scores FDA approval for pacemaker hardware that taps into heart's natural electrical signals

Known as conduction system pacing, the approach involves connecting the implant’s leads directly to the bundles of intertwined cells that help govern the repeated contractions of the cardiac muscle.

Sanofi, GSK and Novo Nordisk benefit from currency changes while AZ and Novartis suffer: analyst

Changes in exchange rates will likely have a heavy impact on third-quarter earnings, ODDO analysts said in a recent note. For certain European drugmakers such as Sanofi and GSK, the stronger dollar should help their financials, the team said.

Feds taking a deeper look at CVS-Signify deal

In a filing with the Securities and Exchange Commission, CVS Health said that the Department of Justice sent the companies a second request for information on the merger on Oct. 19.

Altamira finds buyer for Zilentin inner ear unit so Swiss biotech can go all-in on RNA

In a move to become a “pure play” RNA company, Altamira Therapeutics is selling off 90% of its Zilentin subsidiary and its inner ear R&D work for the chance to make up to $55 million in biobucks.
 
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'The Top Line': Pfizer's kickback lawsuit, top vaccine companies

This week on "The Top Line," we talk about our special report on the top 10 vaccine company rankings. We also report the news on Pfizer's kickback lawsuit, OTC hearing aids and more.

 

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