On 2nd try, Iterum scores FDA nod with UTI drug

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Oct 25, 2024
 

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Sanofi shrugs off potential RSV competition from Merck as Beyfortus grows sales 382%

Despite Merck & Co. homing in on approval for its infant respiratory syncytial virus antibody clesrovimab, Sanofi thinks Beyfortus can hold its own. On a Friday call with analysts, Sanofi execs pointed to an efficacy edge for its preventive and stressed that more competition in the space is a net positive.
 

Top Stories

Septerna's $288M IPO is another sign of the market warming to biotech investment

South San Francisco-based Septerna has scored with an upsized initial public offering of $288 million, which far exceeded the $157.9 million the company said it expected to generate in an SEC filing early this week. Trading for “SEPN” began on Friday.

After prior rejection, Iterum nabs long-sought FDA nod for oral UTI drug Orlynvah

Iterum's Orlynvah was approved by the FDA Friday to treat certain uncomplicated urinary tract infections (uUTIs) in adult women who have limited or no alternative antibacterial treatment options. The FDA nod marks the second approval this year for a uUTI medicine after two decades of stagnation in the field.

Irish CRO giant Icon plots layoffs after underwhelming Q3 performance

Yet another CRO giant has taken a revenue hit due to a customer demand dip. Icon reported third-quarter revenue of $2.03 billion, underperforming analyst expectations of $2.142 billion.

GSK embarks on Pennsylvania manufacturing expansion worth up to $800M, creating 200 new jobs

In its biggest U.S. manufacturing investment yet, GSK is spending up to $800 million to double the size and capacity of its site in Marietta, Pennsylvania. The upgraded manufacturing campus will be equipped to crank out commercial drugs and vaccines plus medicines for clinical trials.

GenSight enters final weeks of cash runway as revenue stream edges out of reach

GenSight Biologics is weeks away from running out of money. Again. The biotech only has enough cash to fund operations into mid-November and, with a revenue stream set to start later than planned, needs bridge financing to survive.

Dexcom posts mixed-bag earnings report amid Stelo rollout, CCO departure

Dexcom reported that its overall revenues in the U.S. declined year over year despite overall sales coming in slightly higher than expected.

J&J, Eli Lilly pad immunology profiles with trial readouts in new patient groups

Johnson & Johnson tested Tremfya in patients with plaque psoriasis involvement in "sensitive or highly visible areas," while Lilly weighed Ebglyss in atopic dermatitis patients who've previously tried Dupixent.

FDA approves Medtronic's Affera all-in-one pulsed field ablation system

Less than a year after obtaining an FDA approval for its first foray into pulsed field ablation for afib, Medtronic has done it again.

AbbVie makes Richter richer, paying $25M to form discovery pact with Vraylar originator

AbbVie has returned to the source of its antipsychotic powerhouse Vraylar in search of another blockbuster, paying $25 million upfront to form a new drug discovery pact with Gedeon Richter.

BeiGene, ex-AstraZeneca exec faces investigation in China: reports

A senior executive at BeiGene is under investigation by Chinese authorities, multiple local media outlets report. The company said it believes the investigation is not related to its activities.

Two new drugs reduce cryptosporidiosis parasite numbers in infected mice and calves

While cryptosporidiosis, infection by the protist parasite Cryptosporidium, is rare in the United States, it is a common cause of deadly diarrhea in other parts of the world. The only FDA-approved treatment for the infection, nitazoxanide, doesn’t work well in immunocompromised and malnourished children, the group most vulnerable to the pathogen. This has led to cryptosporidiosis being called a “truly neglected tropical disease.”
 
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