Takeaways from biotech’s 2024 IPO class

Today’s Big News

Dec 6, 2024

With green light from European Commission, Novo Holdings' proposed $16.5B Catalent buyout nears close


CDMO Resilience plots 105 layoffs at Florida plant it acquired in 2021


AmplifyBio shutters South San Francisco site, lays off preclinical employees in Ohio


What can we learn from 2024’s biotech IPOs?


Trump to appoint David Sacks as White House AI, crypto czar


AbbVie’s Skyrizi retains DTC spending crown, as Novo’s Wegovy sees first entry

 

Featured

With green light from European Commission, Novo Holdings' proposed $16.5B Catalent buyout nears close

On Friday, Catalent and Novo Holdings said the European Commission granted “unconditional approval” to the companies’ pending $16.5 billion merger. With Europe’s blessing, Novo Holdings and Catalent now need to get a thumbs up from the U.S. Federal Trade Commission for their deal to pass muster.
 

Top Stories

CDMO Resilience plots 105 layoffs at Florida plant it acquired in 2021

Resilience, which first emerged on the U.S. manufacturing scene in 2020, is laying off roughly 105 employees at its Alachua, Florida, facility. The CDMO originally got its hands on the facility—and some 300 new employees—through an acquisition in 2021.

AmplifyBio shutters South San Francisco site, lays off preclinical employees in Ohio

AmplifyBio is cutting costs, closing its R&D and characterization services site in South San Francisco and laying off employees in its Ohio-based preclinical CRO business, a company spokesperson confirmed to Fierce Biotech in an email.

What can we learn from 2024’s biotech IPOs?

This week on "The Top Line," we explore the biotech IPO market rebound and ask: Is the momentum here to stay?

Trump to appoint David Sacks as White House AI, crypto czar

Donald Trump has named tech investor David Sacks to be “A.I. & Crypto Czar” as a newly created role in his administration next year, to help guide its approaches toward artificial intelligence.

AbbVie’s Skyrizi retains DTC spending crown, as Novo’s Wegovy sees first entry

Giving thanks, spending hours cooking a turkey and, as it turns out, a big helping of AbbVie were the biggest things in November as the Big Pharma big spender took the top two TV ad spending spots once again.

Pfizer, Eli Lilly and PhRMA CEOs joined Trump for Mar-a-Lago dinner to talk collaboration, cures for cancer: Axios

The executives attended a dinner at the President-elect's Mar-a-Lago residence to discuss topics such as finding cures for cancer through private and public sector collaboration, Axios reports.

Chasing Merck, BioNTech and DualityBio post first clinical data on ADC

Duality Biologics has shared the first data from a phase 1/2a antibody-drug conjugate trial, giving an early look at how the BioNTech-partnered asset is shaping up against rival molecules in development at companies including Merck & Co.

PreciseDx's digital pathology AI on par with genomic testing in predicting breast cancer recurrence risks: study

Working with the real-world cancer data company COTA Healthcare, the former Fierce 15 winner put up its PreciseBreast test against Exact Sciences’ Oncotype DX.

Employees' LinkedIn likes land AstraZeneca and GSK in hot water

LinkedIn likes have landed drugmakers in trouble once again. AstraZeneca—a repeat offender—and GSK were the subjects of the investigations under the U.K. marketing code, which found the companies broke the rules on promoting prescription medicines to the public.

Teva, Takeda sell generics joint venture in Japan to focus on innovative drugs

After offloading a big chunk of their Japanese generics joint venture in 2020, Teva and Takeda have decided to divest the rest of the business so they can each focus on their innovative medicines.

Chutes & Ladders—Stanford economist is Trump's NIH pick

President-elect Donald Trump has chosen Stanford University’s Jay Bhattacharya, M.D., Ph.D., to serve as the director of the National Institutes of Health. Bhattacharya is a physician, professor and economic researcher known for co-authoring a controversial open letter in October 2020 that called for an end to pandemic lockdowns.

Novo Nordisk slashes prices of additional insulin products but not until 2026

After slashing the U.S. prices of several of its insulin products by 75% at the start of 2024, Novo Nordisk is ending the year by announcing similar price reductions for most of its other insulins for patients who have diabetes. Novo will drop its U.S. list price for its Fiasp by 75% and for Tresiba by 72%, the company said.

PharmaEssentia nabs MorphoSys GM Horvat to lead its commercial team

Taiwan-headquartered PharmaEssentia has tapped Joseph Horvat as its new global chief commercial officer as it looks to boost its one approved drug and move more through its pipeline and into the market.
 
Fierce podcasts

Don’t miss an episode

What can we learn from 2024’s biotech IPOs

This week on "The Top Line," we explore the biotech IPO market rebound and ask: Is the momentum here to stay?

 

Resources

Whitepaper

Building a “Best Practice” R&D Organization in Biopharma

We interviewed 14 R&D biopharma leaders on the critical success factors for building a Best Practice R&D organization. This report shares what we learned.
Whitepaper

Single Cell RNA Profiling FFPE Tissue

Explore the robust cross-platform agreement between scRNA-seq and bulk RNA-seq, ensuring consistent and reproducible data on immune cell presence.
Whitepaper

Straight to Market in an Autoinjector

The use of prefilled syringes to administer biotherapeutics is beginning to gain traction because they offer a range of stability, efficacy, and patient safety benefits. Download this white paper to learn how Lonza has developed a novel workflow to ensure confidence regarding functionality in PFS and autoinjectors.
Whitepaper

7 “Make or Break” Factors for Emerging Biopharma Companies

This e-book explores 7 factors that are critical to the success of emerging biopharma companies, whether they plan to out-license, partner, or launch & commercialize products. It’s an essential resource for emerging companies with products in all stages of development.
Whitepaper

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.
 

Industry Events

On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

Upcoming Fierce Events

14-15
Jan
San Francisco, CA
22-24
Jan
Virtual Event
29-1
Apr-May
San Diego, CA
7-9
May
Free Virtual Event
8-11
Sep
Philadelphia, PA

View all events