Rapt stock tanks after shelving eczema drug

Today’s Big News

Nov 11, 2024

AbbVie’s $9B schizophrenia prospect flunks phase 2 trials, handing advantage to BMS


In 'surprise' termination, Genentech drops Nykode partnership for individualized cancer vaccine


Rapt sees share price halve after shelving immunology drug under FDA hold


GSK calls it quits on trade group BIO for 2025, following exits by Takeda, UCB and more


Evotec, after stock-tanking blows, attracts private equity buyout interest: report


Ideaya pushes ahead with Biocytogen bispecific ADC bet 

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

 

Featured

AbbVie's $9B schizophrenia prospect flunks phase 2 trials, handing advantage to BMS

The drug candidate at the center of AbbVie’s $8.7 billion acquisition of Cerevel Therapeutics has failed a pair of phase 2 trials, dealing a blow to the program and a boost to rival Bristol Myers Squibb.
 

Top Stories

In 'surprise' termination, Genentech drops Nykode partnership for individualized cancer vaccine

Roche’s Genentech is ending a partnership with Nykode Therapeutics that centered around a clinical-stage cancer vaccine program.

Rapt sees share price halve after shelving immunology drug under FDA hold

Rapt Therapeutics had been holding out hopes that its immunology drug zelnecirnon still had a future despite facing a clinical hold, but the latest feedback from the FDA has persuaded the biotech to give up on the program.

Vaccinating Against Cancer Cells and Reprogramming the Tumor Microenvironment That Protects Them

Making the tumor microenvironment hostile to cancer cells and immune-suppressive cells may transform the cancer treatment landscape.

GSK calls it quits on trade group BIO for 2025, following exits by Takeda, UCB and more

The company opted not to renew its membership for 2025 following an annual review of its trade group associations, a spokesperson said.

Evotec, after stock-tanking blows, attracts private equity buyout interest: report

Evotec’s struggles have put it in the crosshairs of private equity groups. After seeing Evotec’s share price fall around 60% this year, Triton Partners has raised its stake in the drug discovery shop and is reportedly considering a buyout bid.

Ideaya pushes ahead with Biocytogen bispecific ADC bet

Ideaya has decided to go ahead with its bispecific ADC plans, exercising its option to pick up a preclinical asset from China’s Biocytogen that Ideaya hopes can turbocharge the effect of its DNA damage repair molecules.

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.
 
Fierce podcasts

Don’t miss an episode

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. 
 

Resources

Whitepaper

Straight to Market in an Autoinjector

The use of prefilled syringes to administer biotherapeutics is beginning to gain traction because they offer a range of stability, efficacy, and patient safety benefits. Download this white paper to learn how Lonza has developed a novel workflow to ensure confidence regarding functionality in PFS and autoinjectors.
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Single Cell RNA Profiling FFPE Tissue

Explore the robust cross-platform agreement between scRNA-seq and bulk RNA-seq, ensuring consistent and reproducible data on immune cell presence.
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7 “Make or Break” Factors for Emerging Biopharma Companies

This e-book explores 7 factors that are critical to the success of emerging biopharma companies, whether they plan to out-license, partner, or launch & commercialize products. It’s an essential resource for emerging companies with products in all stages of development.
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Intensified Biomanufacturing

Unlock the secrets to faster, cost-effective biologics production with intensified biomanufacturing – download the whitepaper and power up your bioprocessing game!
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Is That Heart Attack Really an Adverse Event?

Discover how independent adjudication can safeguard your clinical trials from misidentified adverse events and enhance the credibility of your results.
Whitepaper

Planning for success in cell-based manufacturing

Learn how to evaluate quality documentation to help you select the right raw materials at early decision points for your cell-based manufacturing processes.
 

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On Helix

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

 

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