Biopharma funds projected to fall $13B YOY: Pitchbook

Today’s Big News

Dec 7, 2023

AbbVie pads neuroscience portfolio with $8.7B deal to acquire Cerevel 


AbbVie CEO Gonzalez brushes off FTC concerns for Cerevel buy: 'This acquisition is not anti-competitive.'


Sanofi, facing skeptical investors, predicts $5B sales for 3 drugs, names 9 more blockbusters 


'No one was spared': 2023 biopharma funds projected to fall $13B YOY, Pitchbook finds 


Regeneron touts possible 'best-in-class' myeloma bispecific, but adverse events climb to 100% 


Merck & Co. digs into TIGIT fail, sharing survival data from phase 2 lung cancer trial


Investors pour $90M onto ARTBIO's palette less than six months after launching  


Hepion’s NASH trial hangs in the balance as biotech cuts costs by 60%, CEO departs


Dupixent for cancer? Researchers test blockbuster med as an immunotherapy-booster 

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Featured

AbbVie pads neuroscience portfolio with $8.7B deal to acquire Cerevel

AbbVie will delve deeper into neuroscience and psychiatric disease with the $8.7 billion acquisition of Cerevel Therapeutics.
 

Top Stories

AbbVie CEO Gonzalez brushes off FTC concerns for Cerevel buy: 'This acquisition is not anti-competitive.'

AbbVie’s $8.7 billion acquisition of Cerevel will help fill in gaps in the Chicago pharma’s pipeline with new areas to explore in neuroscience, but will regulators play ball?

Sanofi, facing skeptical investors, predicts $5B sales for 3 drugs, names 9 more blockbusters

Sanofi has tipped three “pipeline-in-a-product” assets to generate 5 billion euros ($5.4 billion) a year or more. The forecasts are part of a set of predictions intended to justify the drugmaker’s decision to funnel cash into key programs rather than increase its operating profit margin.

Talking cancer immunotherapy with Cell Signaling Technology

CST fellow Amrik Singh outlines some of the key progress being made around CAR-T therapy and the impact that this highly specialized technique can have on cancer patients, even those who have been previously unresponsive to other forms of treatment.

'No one was spared': 2023 biopharma funds projected to fall $13B YOY, Pitchbook finds

By the end of the year, biopharmas are projected to have raised about $24 billion across about 840 transactions—the lowest tally in four years, according to a new PitchBook analysis.

Revolutionizing the clinical trial patient experience with IQVIA

IQVIA’s new technologies are changing clinical trials, reducing the administrative burden on staff and improving insights for sponsors.

Regeneron touts possible 'best-in-class' myeloma bispecific, but adverse events climb to 100%

Responses to Regeneron's bispecific linvoseltamab have risen but so have adverse events and deaths associated with the multiple myeloma drug.

Merck & Co. digs into TIGIT fail, sharing survival data from phase 2 lung cancer trial

Merck & Co. has cracked open the casket of its failed phase 2 TIGIT clinical trial, revealing that neither combination featuring its antibody vibostolimab improved progression-free or overall survival.

Investors pour $90M onto ARTBIO's palette less than six months after launching

ARTBIO has closed a $90 million series A round less than six months after launching. The round was led by Third Rock Ventures and an undisclosed healthcare fund.

Hepion’s NASH trial hangs in the balance as biotech cuts costs by 60%, CEO departs

Hepion Pharmaceuticals is trying to stay afloat as the biotech’s CEO hits the exit and the company seeks strategic alternatives, leaving the fate of a phase 2b trial for non-alcoholic steatohepatitis (NASH) up in the air.

Dupixent for cancer? Researchers test blockbuster med as an immunotherapy-booster

Pairing Dupixent with PD-1 inhibitors slowed tumor growth in mouse models and stabilized disease in some patients in a small clinical trial.

Medtronic calls off $738M acquisition of insulin patch pump maker EOFlow

About half a year after announcing its intent to acquire a South Korean maker of tubeless insulin pump technology, Medtronic is scrapping the deal.

For Merck, Lynparza fails to improve on Keytruda in first-line lung cancer

Merck has called it quits on another attempt to enhance its powerful PD-1 inhibitor Keytruda in non-small cell lung cancer just as its TIGIT program goes up in flames.

Novartis makes investment in AI firm Yseop for clinical trial writing

Novartis has joined the likes of Eli Lilly and others by investing in the AI technology developer Yseop as part of a push to automate elements of clinical trial report writing that could speed drug development efforts.

A tough 2024 is on the horizon. Here's how Deloitte says healthcare leaders should prepare

Generative AI, outsourcing and skilled labor retention are among the focal points provider and payer executives will need to keep in their crosshairs.
 
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'The Top Line': Fiercest Women in Life Sciences, the Fierce 50

In this episode of "The Top Line," we're highlighting the remarkable women featured in our annual Fiercest Women in Life Sciences special report. The list comprises 10 trailblazers changing the leadership landscape in pharma, biotech and medtech.

 

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