| Today's Big NewsOct 24, 2022 |
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A GPS to your next blockbuster drug - Design molecules towards your desired properties through AI+Biophysics. Learn more. 
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| By Zoey Becker In a case that kicked off in 2018, the husband and wife duo of Allen and Xanthe Lam were sentenced to six months of imprisonment each for stealing Genentech trade secrets and handing them off to JHL Biotech. The two were also dealt fines of more than $10,000. |
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By Gabrielle Masson After a second patient death, Alpine Immune Sciences is terminating enrollment for two trials assessing its cancer asset davoceticept, including the biotech’s combo study with Merck’s Keytruda for adults with advanced malignancies. |
By Dave Muoio The suspect was on parole for aggravated robbery and was permitted to visit the hospital with an ankle bracelet as his girlfriend gave birth, according to the Dallas Police Department. |
By Andrea Park Barely one week into his tenure as president and CEO of Philips, Roy Jakobs is already being put to the test. |
By James Waldron A phase 3 failure puts another nail in the coffin for Tricida to get its kidney disease drug, veverimer, to market, two years after the FDA denied approval. Having already taken a battering with previous regulatory woes, Tricida’s stock price plummeted 93% in pre-market trading this morning to 65 cents. |
By Fraiser Kansteiner Late last week, AbbVie said Rinvoq had nabbed its sixth FDA nod, this time in adults with active non-radiographic axial spondyloarthritis (nr-axSpA). AbbVie has pinned big hopes on Rinvoq and its sibling Skyrizi, considering megablockbuster Humira will face biosimilars as early as January 2023. |
By Dave Muoio An early start to respiratory illness season is overwhelming pediatric facilities across the country. Clinicians warn that the situation could become worse as influenza and COVID-19 pick up with the cold weather. |
By Conor Hale The new enterprise will shepherd the medtech giant’s Puritan Bennett brand of ventilators—which had once seen wide demand during the early phases of the COVID-19 pandemic, though sales have since dramatically declined. |
By Nick Paul Taylor Novartis is coming for the jewels of AstraZeneca’s $39 billion takeover of Alexion. In a phase 3 trial, the Swiss drugmaker’s iptacopan beat the incumbent rare disease drugs Soliris and Ultomiris, advancing its plan to turn the oral challenger into a $3 billion-a-year blockbuster. |
By Fraiser Kansteiner Another vaccine manufacturing effort has kicked off in Africa, this time centered around access to low-cost measles and rubella shots. |
By Paige Minemyer Another gene therapy product is set for an FDA determination in short order, and this trend should make payers stand up and pay attention, according to experts at Optum. |
By James Waldron Gene therapy may be a hot area of biotech development, but that doesn’t mean companies are finding it any easier to navigate the bear market. These now include Applied Genetic Technologies, which, rather than face a looming “challenging” funding environment, has opted for a $23.5 million sale to investment fund Syncona. |
By Andrea Park Though only about an inch in diameter, BioIntelliSense’s BioButton wearable device for remote monitoring boasts an impressive reach—and one that’s still growing, thanks to the company’s recent acquisition of additional patient-tracking software. |
Fierce podcasts Don't miss an episode |
| 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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Tuesday, November 15, 2022 | 1pm ET / 10am PT In this webinar, learn how Medable is focused on improving access to clinical trials for patients, supporting the innovation of clinical trial delivery and offering greater choices for participation and engagement to patients. Register now.
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