How Big Pharma market values fared in Q3

Today’s Big News

Nov 8, 2024
 

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What medtech CEOs are saying this week about Trump’s potential tariffs

During quarterly earnings calls this week across the medtech industry, a recurring question has been on investors’ minds.
 

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Allogene links off-the-shelf CAR-T to responses and 3 deaths in phase 1 solid tumor trial

Allogene Therapeutics has reported phase 1 data on its solid tumor CAR-T, linking the off-the-shelf cell therapy candidate to a 33% response rate but also three deaths in heavily pretreated cancer patients.

While Novo and Lilly's market value declined in Q3, BMS, Gilead and Sanofi surged: GlobalData

The two most valuable companies in the biopharma industry, Eli Lilly and Novo Nordisk, experienced market cap declines in the third quarter. On the flip side, Bristol Myers Squibb, Gilead and Sanofi made significant gains.

Dig into this year’s Fierce Biotech Graveyard, layoff numbers

This week on "The Top Line," we take a closer look at this year’s biotech graveyard, which tracks biotechs that have closed or are winding down. 

Daiichi Sankyo links up with Korea's Alteogen on subcutaneous Enhertu in $300M licensing deal

Alteogen will use its human hyaluronidase hybridization platform to develop a subcutaneous formulation of the blockbuster antibody-drug conjugate.

AstraZeneca, Amgen's Tezspire scores in rhinosinusitis study

A phase 3 study has shown that AstraZeneca and Amgen's Tezspire provided a statistically significant and clinically meaningful reduction in polyp size and nasal congestion in patients with severe chronic rhinosinusitis with nasal polyps.

NextCure goes all in on B7-H4, stopping other programs to challenge Big Pharma in ADC space

NextCure is going all in on its preclinical B7-H4-directed antibody-drug conjugate. The biotech has decided to seek partners for its existing clinical candidate and other preclinical programs to free up cash for its new priority.

J&J MedTech secures FDA approval for Varipulse pulsed field ablation system

J&J joins Medtronic and Boston Scientific in the rapidly growing sector for treating atrial fibrillation.

Struggling AlloVir finds new identity by merging into eye disease biotech

AlloVir has been reeling after a trio of phase 3 trial failures last year led the company to shed almost all of its staff. Now, the immunotherapy biotech has found a new path forward by acquiring eye disease biotech Kalaris Therapeutics.

J&J angles Darzalex for first move into early-stage myeloma with trial win, FDA filing

After a positive phase 3 trial, Johnson & Johnson hopes its Darzalex could become the first treatment option for patients with smoldering multiple myeloma, an early-stage form of the blood disorder.
 
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Dig into this year’s Fierce Biotech Graveyard, layoff numbers

This week on "The Top Line," we take a closer look at this year’s biotech graveyard, which tracks biotechs that have closed or are winding down. 
 

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