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November 19, 2019___

Today's Rundown

Featured Story

Novartis tight-lipped on MedCo buyout rumors

The Medicines Company, fresh from its turn at the American Heart Association this weekend, has seen its shares jump on growing rumors that Swiss major Novartis may be interested in buying it out.

Top Stories

Myovant's oral prostate cancer drug matches incumbent in phase 3

A phase 3 trial of Myovant Sciences’ relugolix in prostate cancer has met its primary endpoint, teeing the company up to file for FDA approval next year. 

Novo Ventures, Broad Institute form drug discovery pact

Novo Ventures has joined with the Broad Institute to support drug discovery projects. The partners will use $25 million in Novo Ventures’ money to fund drug discovery projects led by researchers at the Broad and affiliated organizations.

Relay Therapeutics beefs up leadership as it looks to the clinic

Last year, Relay raised one of the largest private rounds in biotech, banking $400 million to propel a pipeline of treatments aiming at previously undruggable targets. Now, as it looks to enter the clinic in 2020, the company is adding a trio of biopharma vets, including Merck alum Iain Martin, Ph.D. to its leadership team.

FDA to AstraZeneca to small biotech: Badrul Chowdhury on the move again

Less than two years after jumping ship from the FDA to AstraZeneca, Badrul Chowdhury, M.D., Ph.D., is joining a host of other former colleagues exiting from the U.K. Big Pharma with a move into biotech.

Yumanity snags a CMO as Shire keeps bleeding execs

As Takeda’s Shire buyout rumbles on, yet another R&D exec has found a new home. Brigitte Robertson, M.D., who led global development teams within Shire’s neuroscience division, is now Yumanity Therapeutics’ chief medical officer. Robertson follows a string of executive exits, including those of Shire's former R&D chief and CMO.

PPD to go public once again

Major CRO player Pharmaceutical Product Development is set to go back on the public markets after announcing its IPO plans.

Novartis taps growing Biofourmis for digital heart failure project

Biofourmis has been tapped by Novartis to help develop digital therapeutic programs that follow patients home after they’ve been recently diagnosed with heart failure. At the same time, Biofourmis announced plans to acquire Biovotion, makers of clinical-grade wearable biosensors.

Top 10 pharma settlements since 2018

A number of high-dollar settlements could be on the way as drugmakers look to bail on federal opioid suits. But the past two years have been thick with other deals to wrap up government investigations and lawsuits, from Medicaid fraud to False Claims Act actions.

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