Layoffs hit BrainStrom, Idorsia

Today’s Big News

Oct 24, 2023

The ESMO ADC Files: Lilly, trying to avoid 'shiny new objects,' backs at least a small truck up anyway


ESMO: AstraZeneca aims for ‘2.0’ cancer pipeline, shares bispecific data


Idorsia lays off 300 staff after previewing cost cuts this summer, with R&D bearing the brunt


Aiolos Bio launches with ex-Gyroscope CEO at the helm, nearly $250M to advance severe asthma med


ESMO: As peers enter radiopharmaceuticals, Novartis says welcome to the party


OrbiMed nets $4.3B across 3 funds, ready to shower budding biopharmas with fresh capital


BrainStorm lays off 30% of staff, slimming down for yet another bid to get ALS cell therapy to market


Eli Lilly gives $20M upfront cash injection to Elektrofi in next-gen subcutaneous drug collab


ESMO: Moderna, BioNTech's post-COVID futures in oncology hit manufacturing realities


Organoids touted as future of brain disorder R&D as AxoSim scoops up tech from Vyant subsidiary

The Top Line Podcast: Don’t miss out on the newest episode. Listen now.

 

Featured

The ESMO ADC Files: Lilly, trying to avoid 'shiny new objects,' backs at least a small truck up anyway

Eli Lilly’s Jacob Van Naarden thinks his peers’ rush to snap up every antibody-drug conjugate out there may be a little overblown. It bought in anyway.
 

Top Stories

ESMO: AstraZeneca aims for ‘2.0’ cancer pipeline, shares bispecific data

AstraZeneca, home of cancer blockbusters like Tagrisso and Daiichi Sankyo-partnered Enhertu, is elevating its portfolio to create a “2.0” cancer pipeline, sharing a peek at data from three bispecific antibody candidates at this year's ESMO.

Idorsia lays off 300 staff after previewing cost cuts this summer, with R&D bearing the brunt

The expected layoffs at Idorsia have now been finalized, with the company cutting 300 employees primarily in R&D. The company warned in July that it needed to cut a considerable number of jobs to save cash.

You Need to De-Risk Your Clinical Trials with Independent Experts

The FDA and EMA recommend EACs and DMCs be independent from sponsors and CROs. Our industry expert shares how and when to select the right EAC providers and more to de-risk your clinical trials.

Aiolos Bio launches with ex-Gyroscope CEO at the helm, nearly $250M to advance severe asthma med

Aiolos Bio is sprinting out of stealth with nearly $250 million to help advance a phase 2-ready severe asthma med. The drug was acquired from Chinese biotech Jiangsu Hengrui Pharmaceuticals for an undisclosed amount.

ESMO: As peers enter radiopharmaceuticals, Novartis says welcome to the party

MADRID—Novartis’ Jeff Legos, Ph.D., is watching peers like Eli Lilly move into radiopharmaceuticals. He knows what’s ahead for them.

OrbiMed nets $4.3B across 3 funds, ready to shower budding biopharmas with fresh capital

OrbiMed, one of the biggest global financers of private and public biopharmas, has brought in $4.3 billion to shower on new startups in the coming years. 

BrainStorm lays off 30% of staff, slimming down for yet another bid to get ALS cell therapy to market

BrainStorm Cell Therapeutics has responded to its failure to win approval in the time-honored fashion. Yet, while the decision to lay off 30% of its staff is classical, the biotech’s reasoning is unusual. Rather than hunker down, BrainStorm is framing the action as a way to accelerate its journey back to the FDA.

Eli Lilly gives $20M upfront cash injection to Elektrofi in next-gen subcutaneous drug collab

Eli Lilly has tapped drug delivery specialist Elektrofi to see whether the biotech’s microparticle technology could produce the next generation of subcutaneously administered drugs.

ESMO: Moderna, BioNTech's post-COVID futures in oncology hit manufacturing realities

MADRID—Moderna and BioNTech have quite a few things in common, one being that both are trying to chart their post-COVID course by reinventing cancer modalities. And both, it seems, have run into the reality of manufacturing challenges.

Organoids touted as future of brain disorder R&D as AxoSim scoops up tech from Vyant subsidiary

As Vyant Bio continues its wind-down, neuroscience research assets of its subsidiary StemoniX have officially been picked up by AxoSim, a New Orleans-based drug discovery biotech.

Novartis delays Pluvicto filing as CEO spots industry 'conundrum' with FDA

Novartis entered a new era after spinning off Sandoz earlier in October. As the pure-play innovative medicines company reports strong growth from the business it’s now built on, one product faces a delay.

Johnson & Johnson MedTech head Ashley McEvoy to leave company after nearly 30 years

After spending the better part of the last three decades at Johnson & Johnson, Ashley McEvoy, worldwide chair of its medtech franchises, is charting a new course.

Hospitals websites 'rarely' mention abortion compared to other 'routine' care services

Among a sample of 222 hospitals, about 80% didn't include any information about abortion procedures whereas just 11% didn't mention colonoscopies, according to a recent study.

ESMO: Precede's liquid biopsy platform identifies transcriptional cancer biomarkers from blood samples

After introducing itself earlier this month, Precede Biosciences is delivering the first clinical data for its cancer-focused liquid biopsy platform.
 
Fierce podcasts

Don’t miss an episode

Leqembi's full approval and the future of Alzheimer's treatment

In this episode of "The Top Line," Fierce's Fraiser Kansteiner engages in a conversation with Alexander Scott, senior vice president of integrity at Eisai, to discuss the full approval of Leqembi and what it means for Eisai and, most importantly, for Alzheimer's patients.

 

Resources

eBook

An Introduction to Organ-on-a-Chip Technology

Emulate in vivo biology with next-generation in vitro technology.
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What Are the Benefits of Generative AI for Pharma?

From trial site feasibility and patient populations to data analysis, generative AI has the potential to revolutionize drug discovery and clinical trial recruitment at both the therapeutic area and indication level.

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Accelerate drug discovery with high-performance computing powered by the cloud

Accelerate drug discovery with high-performance computing (HPC) powered by the cloud
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Discover Strategies for Combatting Disruptions in Gene Therapy Development

Cell and gene therapy development has exploded, with Q4 2022 showing more FDA approvals than over the past five years combined.[1]
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Understanding the hidden value of quality

Uncover the keys to efficient bioprocessing, including how outsourcing quality management can reduce risk, save time and money, and expedite biologics development.
Webinar

From Lead Optimization to Drug Candidate Triage: A Data-Driven Approach to Drug Discovery

Embark on an in-depth journey through the pivotal Make-Test-Decide Workflow, where collaboration and data-driven decisions play a paramount role in the intricate landscape of drug discovery. Watch now to learn how cloud implementation fosters accessibility and collaboration, revolutionizing research across locations and companies.

Whitepaper

Ensuring a Reliable Biopharmaceutical Supply in the EU

Economic and regulatory factors are making biopharma supply chains more complex in the EU. This paper explores strategies that biopharma companies can use to better manage complexity, cost, and risk.
Whitepaper

Biology Informatics Solutions Brochure

From Assay Development Through Large Molecule Development. Streamline your R&D workflows and gain valuable insights with our Biology Solutions Brochure. Download now to discover how to control your laboratory workflows across various assay techniques, modalities, and data types.
 

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