Roche buys Poseida for $1.5B while TIGIT flops

Today’s Big News

Nov 26, 2024

Amgen’s monthly obesity drug matches competition in phase 2, but investors are unimpressed


Guardant Health awarded $292M in false advertising suit against Natera


Roche inks $1.5B Poseida buyout, betting off-the-shelf CAR-Ts will democratize access to cell therapies


Roche's TIGIT prospect fails another phase 3 lung cancer test


Shorla gains FDA nod for first oral liquid version of Novartis' Gleevec


Sarepta pays $500M cash for rights to 'multiple potential blockbusters' from Arrowhead


Fierce Biotech Layoff Tracker 2024: Medigene slims headcount by 40%; Alector cuts 17% of staff

 

Featured

Amgen’s monthly obesity drug matches competition in phase 2, but investors are unimpressed

Amgen claims to have made weight loss history by producing the first proof of a reduction in body weight for a monthly obesity treatment in a phase 2 study—but it wasn’t enough to enthuse investors.
 

Top Stories

Guardant Health awarded $292M in false advertising suit against Natera

The jury awarded Guardant $292.5 million, including $175.5 million in punitive damages, which the company described as one of the largest false advertising verdicts in history. The court also rejected Natera’s counterclaims.

Roche inks $1.5B Poseida buyout, betting off-the-shelf CAR-Ts will democratize access to cell therapies

Roche has struck a $1.5 billion deal to buy Poseida Therapeutics. The takeover will establish off-the-shelf cell therapies, which Roche has said can democratize CAR-Ts, as a new core capability at the drugmaker.

Roche's TIGIT prospect fails another phase 3 lung cancer test

Roche’s SKYSCRAPER-01 has fallen down. The phase 3 trial found adding the TIGIT candidate tiragolumab to a checkpoint inhibitor had no effect on overall survival in non-small cell lung cancer.

Shorla gains FDA nod for first oral liquid version of Novartis' Gleevec

Shorla Oncology has scored an FDA approval for its strawberry-flavored drink version of Novartis' cancer drug Gleevec. Dubbed Imkeldi, it becomes the first oral liquid form of imatinib.

Sarepta pays $500M cash for rights to 'multiple potential blockbusters' from Arrowhead

Sarepta Therapeutics is paying Arrowhead Pharmaceuticals $500 million in cash, plus a $325 million equity investment, for worldwide licensing rights to seven programs—four clinical and three preclinical—in addition to a discovery partnership with six targets.

Fierce Biotech Layoff Tracker 2024: Medigene slims headcount by 40%; Alector cuts 17% of staff

We really didn't want to have to create another Layoff Tracker this year. But here we are, launching the third annual iteration tracking biopharma layoffs. 

Embecta to shutter newly-cleared insulin patch pump program amid restructuring

Despite winning an FDA green light nearly three months ago for its first wearable insulin delivery system, Embecta is now discontinuing its patch pump program as part of a broader restructuring and layoffs.

Portuguese CDMO Hovione completes factory expansions in US, Ireland

Hovione, a Portuguese CDMO that specializes in spray drying, completed multi-year expansion projects at manufacturing facilities in New Jersey and Cork, Ireland.
 
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Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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