Layoffs, pipeline cuts hit 4 more biotechs

Today’s Big News

Nov 2, 2023

Bancel suggests Moderna could be open to out-licensing if sales struggle


Lilly's obesity portfolio in 'all-of-the-above mode' 


Rani and Sangamo jettison staff, offices and assets to keep businesses afloat next year


Kymera cuts lymphoma med that performed as expected in phase 1


Prelude thinks SMARCA with AbCellera deal while chopping pair of phase 1 candidates 


‘Potential game changer’: Gonorrhea antibiotic compares to standard of care in phase 3


FDA places Nurix's cancer drug on partial hold while manufacturing process upgraded


Medeor cell therapy helps kidney transplant patients taper off immunosuppressant meds

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

 

Featured

Bancel suggests Moderna could be open to out-licensing if sales struggle

Moderna CEO Stéphane Bancel suggested that partnerships could be on the horizon depending on future sales figures. The company has built a largely wholly-owned pipeline thanks to revenue from the initial launch of its COVID vaccine.
 

Top Stories

Lilly's obesity portfolio in 'all-of-the-above mode'

Eli Lilly is in an “all of the above mode” in obesity, with the research teams moving as fast as possible to advance an oral candidate and build a portfolio of complimentary treatments.

Rani and Sangamo jettison staff, offices and assets to keep businesses afloat next year

Rani Therapeutics and Sangamo Therapeutics have become the latest biotechs to significantly shrink their workforces in order to eke out cash for another year.

Debunking 7 Common Myths About Data Quality in Clinical Trials

The clinical trial landscape has seen a seismic shift in recent years, spurred by technology-driven data collection. Yet there are some opportunities…

Kymera cuts lymphoma med that performed as expected in phase 1

The targeted IRAK4 protein degrader KT-413 did exactly what it was supposed to in an early-stage clinical trial, but Kymera Therapeutics is jettisoning the program.

Prelude thinks SMARCA with AbCellera deal while chopping pair of phase 1 candidates

Increasingly confident in the potential of its SMARCA2 degrader and a CDK9 inhibitor to treat cancers, Prelude Therapeutics is scrapping the other half of its clinical pipeline.

‘Potential game changer’: Gonorrhea antibiotic compares to standard of care in phase 3

An antibiotic from the non-profit Global Antibiotic Research & Development Partnership (GARDP) and Innoviva Specialty Therapeutics has met the current standard-of-care for gonorrhea, hitting the main goal of a pivotal phase 3 trial.

FDA places Nurix's cancer drug on partial hold while manufacturing process upgraded

Nurix Therapeutics has had a phase 1 trial of its B-cell malignancy drug put on partial hold by the FDA while the biotech revamps its manufacturing process.

Medeor cell therapy helps kidney transplant patients taper off immunosuppressant meds

Medeor Therapeutics’ kidney transplant cell therapy, which combines a living donor’s cells with the recipient's, allowed more than half of study participants in a phase 3 pivotal trial to stay off immunosuppressants for two years.

Fierce Biotech Fundraising Tracker '23: Gate unveils with $60M; Aiolos launches with $250M

Alongside the new year, we've launched a new Fierce Biotech Fundraising Tracker to keep the pulse on the industry's financing.

Resolian, the CRO formerly known as Alliance, makes move into China with Denali acquisition

Resolian, which rebranded from Alliance Pharma earlier this year, expanded its services with the acquisition of China-based bioanalytical CRO Denali Medpharma for an undisclosed price.

Eli Lilly 'aggressively planning' manufacturing expansions, CEO says, as Mounjaro soars

As strong demand continues to push Mounjaro sales to new highs, Eli Lilly CEO David Ricks said the company is "not done with" manufacturing expansions.

3D spatial omics profiler Stellaromics scores $25M series A

The startup aims to provide a view into the workings of tissue and chart out cellular maps for a better understanding of organ function and disease.

Moderna takes hefty $1.3B COVID write-off, scales back manufacturing as sales shrink

The company is focusing on scaling back its manufacturing efforts to cope with the lack of COVID-19 vaccine demand.

Sempre Health partners with Organon on pricing program that ties patient copays to adherence

Sempre Health has added two of Organon's asthma therapies to its platform that gives patients a financial incentive to refill medications on time.
 
Fierce podcasts

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'Podnosis': A look at Blue Shield of California's new pharmacy benefits model

In this week's episode of “Podnosis,” we explore Blue Shield of California's plan to transform its pharmacy model. This includes a shift away from the traditional PBM relationship in favor of forming partnerships with five companies: Amazon Pharmacy, Abarca, Mark Cuban Cost Plus Drugs Company, CVS Caremark, and Prime Therapeutics. 
 

Resources

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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.
 

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