Thermo Fisher cuts 160 jobs in viral vector overhaul

Today’s Big News

Nov 11, 2024

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


Autolus readies its CAR-T Aucatzyl to go after heavy hitter competition following FDA nod


Thermo Fisher charts 160 layoffs in Massachusetts amid viral vector overhaul


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


Boston Scientific resumes Farapulse pulsed field ablation study in first-line afib


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


With US launch progressing, ARS inks another licensing deal for epinephrine spray Neffy worth up to $465M

 

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

Autolus readies its CAR-T Aucatzyl to go after heavy hitter competition following FDA nod

Autolus' Aucatzyl has become the first CAR-T approved by the FDA without a REMS mandate. And the company is ready to hit the ground running, facing Gilead and Novartis as its competitors.

Thermo Fisher charts 160 layoffs in Massachusetts amid viral vector overhaul

Thermo Fisher is cutting a total of 160 jobs across three different viral vector facilities in Cambridge, Lexington and Plainville, according to a government filing in Massachusetts. In tandem with the staff reduction, Thermo Fisher also plans to shutter its facility in Lexington.

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.

Boston Scientific resumes Farapulse pulsed field ablation study in first-line afib

Boston Scientific aims to see whether its Farapulse platform can deliver results for patients with atrial fibrillation before they take any anti-arrhythmic medications.

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.

With US launch progressing, ARS inks another licensing deal for epinephrine spray Neffy worth up to $465M

ARS Pharmaceuticals said that Denmark’s ALK-Abelló is paying $145 million upfront for the rights to market Neffy in Europe, Canada and “other geographies outside of the U.S.”

MSF calls on Lilly, Novo and Sanofi to cut insulin pen prices to $1

Doctors Without Borders (MSF) is calling on Eli Lilly, Novo Nordisk and Sanofi to immediately reduce the price of insulin pens to $1 per device in low- and middle-income countries (LMICs).

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.

Humira, Cosentyx gaining favor as treatments for hidradenitis suppurativa, but more support for biologics needed: Spherix

The introduction of biologic therapies for hidradenitis suppurativa has “revolutionized” treatment for the rare inflammatory skin condition, though there’s still plenty of progress to be made, according to Spherix Global Insights.

Zeta Surgical nabs expanded FDA clearance ahead of brain surgery navigation system rollout

After first claiming an FDA clearance last year for its mixed reality brain surgery navigation platform, Zeta Surgical has expanded its range with another agency clearance ahead of planned U.S. launch.
 
Fierce podcasts

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'The Top Line': 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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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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