VC firm with big name backers closes $100M fund

Today's Big News

Oct 26, 2022

Treading where Roche and Sanofi failed, AstraZeneca scores breast cancer wins for AKT and SERD drugs 

JPMorgan Chase teams with Vera Whole Health to open primary care clinics for employees 

The Time 100: LA-based VC firm closes $100M fund to spice up biotech with Silicon Valley star power 

How the COVID pandemic has prepped the industry for a looming RSV and flu season 

Sanofi harnesses Dassault's digital twin tech to optimize production at future vaccine plants 

 

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Treading where Roche and Sanofi failed, AstraZeneca scores breast cancer wins for AKT and SERD drugs

AstraZeneca has pulled off a pair of wins in breast cancer. After seeing rival drugs from Roche and Sanofi fail, the Anglo-Swedish drugmaker bucked the trend with wins for capivasertib and camizestrant in phase 2 and 3 clinical trials.
 

Top Stories

JPMorgan Chase teams with Vera Whole Health to open primary care clinics for employees

JPMorgan Chase is jumping into primary care and is piloting office-based clinics for employees in the Columbus, Ohio area.

The Time 100: LA-based VC firm closes $100M fund to spice up biotech with Silicon Valley star power

Time BioVentures has closed its first $100 million fund, looking to find the next great biotech hit reminiscent of Silicon Valley success stories. Among the firm's early bets are Elon Musk's neurological medtech company Neuralink.

How the COVID pandemic has prepped the industry for a looming RSV and flu season

At a discussion on the post-pandemic future of diagnostics at AdvaMed’s Medtech Conference in Boston, industry leaders said there is still preparation to be done, and it may be needed sooner rather than later.

Sanofi harnesses Dassault's digital twin tech to optimize production at future vaccine plants

Adding another layer of tech to its so-called EVolutive vaccine facilities in France and Singapore, Sanofi is tapping Dassault Systèmes’ simulated 3D spaces to optimize production through the power of the digital twin.

Aiming to block Entresto generics, Novartis sues Mylan, Alembic and others for patent infringement

In its latest effort to defend against forthcoming Entresto copycats, Novartis took to U.S. federal court to allege infringement against several generics players.

Seres one step closer to bringing first oral microbiome therapy to market as FDA mulls approval

Seres Therapeutics’ SER-109 has faced more setbacks than most therapies, but the biotech has kept the faith and now is tantalizingly close to possibly seeing its candidate become the first FDA-approved oral microbiome therapeutic.

Boston Scientific picks up slowing sales growth, edges out forecasts with $3.2B in Q3

In the nearly two years since the sales-sucking black hole that was 2020, Boston Scientific has dug itself out and then some.

J&J's BCMA bispecific Tecvayli wins FDA approval in multiple myeloma—but as a late-line therapy

After European regulators jumped on a global-first approval for Johnson & Johnson’s BCMA-targeted bispecific drug Tecvayli, the U.S. FDA has doled out its own blessing for the novel therapy. But the U.S. nod covers what appears to be a less favorable treatment setting.

Universal Health Services sees dipping profits despite halving contract labor costs from previous quarter

The acute and behavioral care company said its operations are still feeling the sting of COVID-19 and labor shortages.

Recursion reprioritizes, dumping rare disease asset while raking in $150M

Recursion Pharmaceuticals has cut a rare disease asset from its pipeline while pulling in a $150 million private placement and nominating a new cancer program.

Even as Revlimid's star fades, Bristol Myers' core offerings have reached a 'critical mass,' CEO says

Armed with three new launches in Opdualag, Camzyos and Sotyktu—plus its recent CAR-T entrants Breyanzi and Abecma—all four of BMS’ bread-and-butter therapeutic areas have reached “critical mass,” CEO Giovanni Caforio, M.D., said Wednesday.

PacBio unveils its first short-read DNA sequencer plus a long-read system upgrade

Pacific Biosciences raised the curtain on two DNA sequencers, including its first short-read device—designed to offer new competition to the industry giant Illumina—as well as a machine poised to be an upgrade over its current long-read hardware.

From telehealth to prior authorization, hospitals brace for busy lame duck session in Congress

Hospital groups are pressing lawmakers for more financial relief and passage of key telehealth and prior authorization reform bills in the upcoming lame duck Congress.
 
Fierce podcasts

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'Podnosis': Medicare Advantage and what you missed from the Fierce Health Payer summit

This week on "Podnosis," we talk about how MA plans are rethinking their sales pitch. We also eavesdrop on a panel discussion at the Fierce Health Payer summit on how payers are looking to address social determinants of health.
 

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