LumiThera tech wins 1st FDA nod for dry AMD

Today’s Big News

Nov 6, 2024

More M&A, or a shake-up at the FDA? Pharma braces for Trump's return to the White House


Novo Nordisk discards kidney disease drug from $1.3B deal in wake of phase 3 fail


After Lilly's GLP-1 sales fumble, Novo reports mixed results on Ozempic, Wegovy


FDA clears its first treatment for dry AMD, with LumiThera’s light-based Valeda system


Tango has last dance with PRMT5 inhibitor, pirouettes into embrace with 2 sibling molecules


Novavax coughs up $123.8M to settle COVID vaccine supply dispute with UK

 

Featured

More M&A, or a shake-up at the FDA? Pharma braces for Trump's return to the White House

Over his first term, Donald Trump advocated for lower drug prices and pharmacy benefit manager reform. Now with the Inflation Reduction Act in play, what's to come for pharma under a Trump administration?
 

Top Stories

Novo Nordisk discards kidney disease drug from $1.3B deal in wake of phase 3 fail

Novo Nordisk, after mulling the implications of a phase 3 fail, has given up on a late-stage kidney drug acquired in a $1.3 billion deal.

After Lilly's GLP-1 sales fumble, Novo reports mixed results on Ozempic, Wegovy

Among Novo’s semaglutide-based drugs, diabetes blockbuster Ozempic fell short of analysts' expectations during the third quarter while weight-loss med Wegovy came above a consensus estimate.

FDA clears its first treatment for dry AMD, with LumiThera’s light-based Valeda system

LumiThera’s Valeda system relies on photobiomodulation, or the use of different wavelengths of light to stimulate activity in the cells of the retina.

Tango has last dance with PRMT5 inhibitor, pirouettes into embrace with 2 sibling molecules

Tango Therapeutics has shuffled TNG908 off the dance floor, halting enrollment in a study of the cancer drug candidate to focus its resources on two other molecules that hit the same target. Shares in Tango fell 26% to $3.81 in premarket trading.

Novavax coughs up $123.8M to settle COVID vaccine supply dispute with UK

Novavax has inked another settlement for a past COVID-19 vaccine supply deal. The Maryland biotech has agreed to pay $123.8 million to end a COVID vaccine supply pact with the U.K.

Acadia to make $100M profit from selling pediatric review voucher for $150M

Acadia Pharmaceuticals has bagged $150 million from the sale of a priority review voucher—although the biotech will only be able to keep two-thirds of the windfall.

CMS hands Medicare payment to renal denervation systems from Medtronic, Recor Medical

CMS delivered separate TPT payments to each developer, granting distinct category and device codes to their outpatient procedures for reducing stubbornly high blood pressure.

Teva's generics and biosimilars fuel another booming quarter

Teva revealed booming third-quarter sales for its generics and biosimilars. In the U.S., revenue from the knockoffs came in at $1.1 billion, which was a 30% increase year over year. Sales of generics also were up 10% in Europe.

Boundless Bio drug shrinks tumors in mice by targeting extrachromosomal DNA

A team of researchers led by Stanford University and San Diego-based Boundless Bio have identified an oral small molecule that specifically targets extrachromosomal DNA in cancer cells, preventing the DNA from repairing itself. When tested in mice, the compound—named BBI-2779—shrank gastric tumors and prevented the cancer from developing resistance to another cancer drug.
 
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Drug pricing and the 2024 presidential election

This week on "The Top Line," we explore how each presidential candidate’s approach to drug pricing could shape future policy.
 

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On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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