| Today’s Big NewsOct 26, 2023 |
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Wednesday, November 1, 2023 | 1pm ET / 10am PT Join us to hear about a new, fully integrated and interoperable solution for Health at Home (Remote Care Delivery), with key insights on the journey from idea to market. You'll learn about EMR integration, managing data at scale, best practices on accelerating startup innovation, and much more. Register today!
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| By Angus Liu Eisai and Biogen have trotted out data for a subcutaneous version of the Alzheimer’s disease drug Leqembi. The self-injected version showed an encouraging efficacy result but a seemingly increased risk of ARIA, which analysts said shouldn't be too much of a concern. |
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By Andrea Park Thermo Fisher's full-year outlook now stands at $42.7 billion, about $1 billion less than the previous quarter’s forecasts, which placed revenues between $43.4 billion and $44 billion—a range that was in turn another billion-plus below the year’s original prediction of $45.3 billion. |
By Annalee Armstrong,Max Bayer Even with $401 million in the bank—thanks to one of the year’s largest biotech fundraisings—ElevateBio is still shaving off some pre-clinical work resulting in layoffs that will affect 13% of the workforce. |
By Max Bayer Much of the fervor around Merck & Co.’s work with antibody-drug conjugates has centered on partnerships, namely the most recent $4 billion collaboration announced last week with Daichii Sankyo. |
By Andrea Park The long-planned spinout of 3M’s healthcare business is still set to be completed in the near future, albeit somewhat later than originally expected, according to a company update. |
By Fraiser Kansteiner On outgoing chief executive Giovanni Caforio’s last earnings call, Bristol Myers Squibb had some tough questions to answer about a roster of underperforming new products. But according to CEO-elect Chris Boerner, it’s a question of “when, not if” those drugs rise to meet expectations. |
By Conor Hale The company described the trial as the first in the U.S. to examine the use of a drug-coated balloon to clear coronary stents that have become obstructed over time. |
By Kevin Dunleavy It’s been grounded in Europe and reduced to irrelevancy in the U.S., but Merck’s COVID-19 pill Lagevrio somehow remains a force. The antiviral treatment racked up sales of $640 million in the third quarter, shocking analysts who figured it would generate $120 million. As a result, Merck has jacked up its 2023 revenue forecast. |
By Nick Paul Taylor The race is on. Again. Having already gone up against Moderna in COVID-19 and influenza, Pfizer and BioNTech have now followed their recurring rival in reporting early-phase data on a mRNA combination vaccine against both pathogens—and in outlining plans to start a pivotal trial. |
By Zoey Becker The write-downs were attributed to stem cell Alofisel's recent flunk in a phase 3 trial in Crohn's disease fistulas, plus the withdrawal of cancer med Exkivity worldwide. Takeda also cut its profit forecast for the year by a sizable amount. |
Fierce podcastsDon’t miss an episode |
| | 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. |
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