Bristol Myers cuts another 195 jobs in NJ

Today’s Big News

Nov 25, 2024

Pfizer led industrywide sales surge in Q3 after several quarters of dominance by Eli Lilly, Novo Nordisk


Cassava flunks phase 3 Alzheimer's test, triggering early end of 2nd trial and stock crash


Bristol Myers Squibb hands pink slips to 195 workers in NJ as cost-cutting effort rolls on


ASH: Incyte's Monjuvi triumphs in follicular lymphoma phase 3, teeing up FDA filing


Biohaven fails phase 3 SMA test but plans talks with FDA, plots move into obesity


Trump selects surgeon and author Martin Makary for FDA commissioner post


Novo Holdings-backed Adcendo secures $135M for ADC pipeline


Look out, Pfizer: BridgeBio scores 'best-case' FDA nod for Attruby in cardiomyopathy


A possible ban on DTC pharma ads poses 'biggest threat' of RFK Jr.'s HHS appointment: analyst

 

Featured

Pfizer led industrywide sales surge in Q3 after several quarters of dominance by Eli Lilly, Novo Nordisk

After six straight quarters in which Eli Lilly or Novo Nordisk achieved the highest year-over-year revenue increases among the top companies in the biopharma industry, there was a new growth champion in the third quarter. With a 32% revenue increase, Pfizer jumped into the top spot.
 

Top Stories

Cassava flunks phase 3 Alzheimer's test, triggering early end of 2nd trial and stock crash

Cassava Sciences’ phase 3 Alzheimer’s disease trial has missed its co-primary endpoints. With the study also missing secondary and exploratory biomarker endpoints, the biotech has pulled the plug on another phase 3 trial and an open-label extension.

Bristol Myers Squibb hands pink slips to 195 workers in New Jersey as cost-cutting effort rolls on

Bristol Myers Squibb has executed another round of layoffs in its ongoing cost-savings push. The company has handed pink slips to 195 more employees, according to a New Jersey Worker Adjustment and Retraining Notification update.

ASH: Incyte's Monjuvi triumphs in follicular lymphoma phase 3, teeing up FDA filing

In the phase 3 inMIND study, Monjuvi—added to Bristol Myers Squibb's Revlimid and Roche's Rituxan—triggered a 57% reduction in the risk of disease progression, relapse or death in R/R FL patients compared with those who were treated with placebo, Revlimid and Rituxan.

Biohaven fails phase 3 SMA test but plans talks with FDA, plots move into obesity

A phase 3 trial of Biohaven’s taldefgrobep alfa in spinal muscular atrophy has missed its primary endpoint. The biotech plans to talk to the FDA about the next steps in SMA and is stepping up its interest in obesity on the strength of the data.

Trump selects surgeon and author Martin Makary for FDA commissioner post

President-elect Donald Trump has named Johns Hopkins surgeon and author Martin Makary, M.D., as his choice for FDA commissioner during his upcoming term.

Novo Holdings-backed Adcendo secures $135M for ADC pipeline

Adcendo is adding $135 million to its arsenal, money that will go toward launching several antibody-drug conjugate candidates into the clinic.

Look out, Pfizer: BridgeBio scores 'best-case' FDA nod for Attruby in cardiomyopathy

The FDA has signed off on BridgeBio's Attruby (acoramidis), a potential blockbuster to treat patients with the rare heart disease transthyretin amyloid cardiomyopathy. With the nod, BridgeBio will challenge Pfizer’s powerhouse Vyndaqel franchise, which dominates the indication.

A possible ban on DTC pharma ads poses 'biggest threat' of RFK Jr.'s HHS appointment: analyst

RFK Jr. has previously expressed a desire to put a stop to DTC pharma ads in the U.S.—which is one of only two countries in the world, along with New Zealand, where prescription drugs can be directly advertised to consumers.

Boston Scientific picks up chemotherapy infusion implant maker aimed at inoperable liver tumors

Intera Oncology’s approach—approved by the FDA more than two decades ago—includes an implantable drug reservoir connected to the hepatic artery.

AI model matches patients to trials almost as accurately as humans: study

In order to more quickly recruit volunteers into clinical trials, a team of researchers at the NIH has turned to artificial intelligence. The scientists built a large language model, TrialGPT, that can scan medical summaries of patients and match them to clinical trials they are eligible for.

India’s Lupin recalls more than 600K bottles of blood pressure med over questionable API source

Indian drugmaker Lupin is recalling more than 600,000 bottles of the high blood pressure and heart failure drug ramipril due to the presence of an active pharmaceutical ingredient (API) that came from an unapproved vendor.

Advantage Therapeutics spins out mRNA tech with initial focus on metabolic disease

Klothea will conduct R&D work related to Advantage’s portfolio based around Klotho, a protein tied to certain anti-aging properties.

Abbott completes first-in-human procedures for balloon-expanded TAVR heart implant

The new balloon-expanded heart valve is set to complement Abbott’s self-expandable Navitor TAVR implant, the company said, which received an FDA approval for its latest generation in early 2023.
 
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Resources

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7 “Make or Break” Factors for Emerging Biopharma Companies

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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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