2nd death makes Alpine sidestep cancer drug

Today's Big News

Oct 24, 2022

Novartis, eyeing $3B market, beats AstraZeneca blood disorder blockbusters in phase 3

Gene therapy biotech AGTC jumps on Syncona $23.5M bid to escape 'challenging' funding landscape

Sumitomo nets Myovant in $2.9B buyout, adding IVF asset to pipeline

Alpine bails on phase 1 cancer asset after 2nd patient death reported in Keytruda combo study

Tricida’s shares plunge as phase 3 fail seals fate of FDA-rejected kidney disease drug

Nicotine-nomming gut bacteria could protect against NASH 

 

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Novartis, eyeing $3B market, beats AstraZeneca blood disorder blockbusters in phase 3

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.
 

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Gene therapy biotech AGTC jumps on Syncona $23.5M bid to escape 'challenging' funding landscape

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.

Sumitomo nets Myovant in $2.9B buyout, adding IVF asset to pipeline

Sumitomo has landed its takeover target. After seeing Myovant turn down its original offer, the Japanese drugmaker has added almost 20% to its price to get the deal done and snag a phase 2 in vitro fertilization asset.

Alpine bails on phase 1 cancer asset after 2nd patient death reported in Keytruda combo study

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.

Tricida’s shares plunge as phase 3 fail seals fate of FDA-rejected kidney disease drug

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.

Nicotine-nomming gut bacteria could protect against NASH

Scientists have discovered that nicotine accumulation in the intestines of tobacco smokers drives the progression of nonalcoholic steatohepatitis, or NASH—and that a nicotine-degrading gut bacterium could be useful in treating the disease.

AstraZeneca's Imjudo finally snags first approval—only in an ever-crowded liver cancer field

AstraZeneca’s long-troubled cancer immunotherapy tremelimumab has finally secured its first FDA approval, but the regulatory blessing comes in what could be an increasingly competitive tumor type.

Philips cuts 4,000 jobs, with more restructuring on the way, amid slipping sales and rising costs

Barely one week into his tenure as president and CEO of Philips, Roy Jakobs is already being put to the test.

Influx of RSV infections have children's hospitals running short on space

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.

Medtronic to spin out respiratory, patient monitoring divisions amid flagging ventilator sales

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.
 
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'The Top Line': Pfizer takes kickback lawsuit to the Supreme Court, plus a special report on the top 10 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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