Ph. 3 fail sends InDex's stock down 60%

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Today’s Big News

Nov 22, 2023

Evelo's voyage ends as Flagship-founded biotech finds dissolution is only viable option


Boehringer builds out cancer capabilities with $500M deal for bacteria-focused Swiss biotech 


Viatris-partnered ulcerative colitis drug fails interim phase 3 review, sending InDex's stock down 60%


Investment firm Syncona throws lifeline to Freeline by buying out struggling biotech 


FDA rebuffs Entrada's attempt to get yearlong hold on DMD drug lifted


Fierce Biotech Layoff Tracker 2023: Kintara lays off CSO, cuts back on consultants to save cash; Atreca slashes headcount again


Fierce Biotech Fundraising Tracker '23: Vivodyne plants seed funds to grow engineered human tissue platform; Alto Neuroscience adds on $45M 

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

 

Featured

Evelo's voyage ends as Flagship-founded biotech finds dissolution is only viable option

Evelo Biosciences is dissolving. One month after starting a search for strategic alternatives, the Flagship Ventures-backed microbiome biotech has found its only option is to close its doors and hand any cash to creditors.
 

Top Stories

Boehringer builds out cancer capabilities with $500M deal for bacteria-focused Swiss biotech

Boehringer Ingelheim is acquiring bacterial cancer therapy company T3 Pharmaceuticals in a deal that could be worth up to $508 million.

Viatris-partnered ulcerative colitis drug fails interim phase 3 review, sending InDex's stock down 60%

InDex Pharmaceuticals may be struggling to think of reasons to be thankful. The Swedish biotech has rocked investors with news it is stopping a phase 3 ulcerative colitis trial early in response to lackluster efficacy, sending its share price down 60%.

Drug discovery 2.0 fuels the next-generation of life-saving medicines

Dr. Sharon Benzeno, Chief Commercial Officer of Immune Medicine at Adaptive Biotechnologies, shines a spotlight on the key immune-driven medicine advancements that show immense promise in transforming diagnoses, treatments, and patient outcomes.

Investment firm Syncona throws lifeline to Freeline by buying out struggling biotech

After mulling a potential buyout for a month, Freeline Therapeutics has decided that its future lies in the arms of its majority shareholder.

The next phase of decentralization in clinical trials

There were 250 decentralised clinical trials (DCTs) worldwide in 2012. By 2021, there were 1,291. Dan Tanner, chief commercial officer at Cerba Research, explains how the firm is helping to create a new paradigm in clinical trials.

FDA rebuffs Entrada's attempt to get yearlong hold on DMD drug lifted

Despite Entrada Therapeutics' efforts to persuade the FDA with additional information, the regulatory agency has rejected the company's attempts to lift the nearly yearlong clinical hold on its leading Duchenne muscular dystrophy candidate.

Fierce Biotech Layoff Tracker 2023: Kintara lays off CSO, cuts back on consultants to save cash; Atreca slashes head count again

We had hoped that our Layoff Tracker would stay retired for a while, but 2023 is starting to look a lot like our old friend 2022 when it comes to layoffs in biotech.

Fierce Biotech Fundraising Tracker '23: Vivodyne plants seed funds to grow engineered human tissue platform; Alto adds $45M

Alongside the new year, we've launched a new Fierce Biotech Fundraising Tracker to keep the pulse on the industry's financing.

AbbVie flexes litigation muscle with Rinvoq patent lawsuit against Sandoz, other generic players

In a lawsuit filed in Delaware federal court Monday, AbbVie accused Sandoz, Hetero Labs, Aurobindo Pharma, Intas Pharmaceuticals and Sun Pharmaceutical of trying to sidestep dozens of patents protecting Rinvoq through the next decade.

ResMed warns against using magnetic CPAP masks around pacemakers, other implants

As competitor Philips continues to grapple with the effects of its long-standing recall of CPAP machines and other respiratory devices, ResMed is now issuing a safety warning of its own.

Bayer's trial flop, courtroom setback could restrict CEO's options amid strategic review: analyst

After suffering setbacks in the clinic and in court this week, Bayer’s ability to overhaul its corporate structure is becoming more constricted, one group of analysts contends.

Why Medicare Advantage is lacking on cancer care

A City of Hope analysis found that Medicare Advantage members faced a delay of two weeks or more between diagnosis and their first course of therapy.
 
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'Podnosis': A deep dive into Q3 earnings, and key takeaways from the Fierce Health Payer Summit

In this week’s episode of "Podnosis," you'll hear from two journalists from the Fierce Healthcare team: Paige Minemyer, senior editor of Fierce Health Payer, and Dave Muoio, a staff writer for Fierce Healthcare. Together, they guide you through their key insights from the inaugural Fierce Health Payer Summit in Austin and dive into the latest earnings updates from the largest health plans and health systems.
 

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Artificial Intelligence in Healthcare & Medical Affairs

This paper explores AI’s potential impact on healthcare and on Medical Affairs (MA) more specifically. It also outlines what MA teams can do now to proactively leverage AI to improve service to their stakeholders.
 

Industry Events

Genesis 2023

 

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