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January 10, 2018

Today's Rundown

Featured Story

JPM need-to-know: BMS chief's growth promise, Lilly CEO's call to action, J&J's pretty-but-unrealistic tech vision, and more

Pharma watchers wondered at the lack of big M&A news at the J.P. Morgan Healthcare Conference Tuesday, and biotech investors lamented the lack of a JPM stock bump—but there was no lack of other info to report. Here's the word from two Big Pharma CEOs, Axovant's bad news bunker, and more.

Top Stories

Hung out to dry? Axovant’s terrible JPM week

David Hung is the CEO who sold his company, Medivation, to Pfizer for $14 billion. He got the plaudits, a big payday and seemingly a free pass to almost any biopharma job he wanted. Now his decision to join Axovant looks more like a gamble that isn't paying off.

Is bigger better? Highlights from FierceBiotech's Executive Breakfast at JPM

SAN FRANCISCO—Six panelists representing biotech, pharma and VC discussed the meaning of good science, how money affects a company's behavior and how different players can work together to leverage their respective strengths and deliver therapies to patients.

J&J chief’s pharma-tech vision is pretty, but it’s certainly not reality: experts

The time when pharma fully embraces tech is still very far off, despite some optimistic comments from executives at JPM. So far, in fact, “no one can see it at the moment,” one expert told us. It’s more likely that pharma will get caught flat-footed when a true tech player comes in to disrupt the market.

Lilly CEO: With pharma friends in high places, it's 'time for action' to ease drug costs

Merck & Co.'s top executive said Monday that pricing pressure isn't likely to get worse. But Eli Lilly CEO David Ricks begs to differ. If pharma doesn't do something, "people will do things for us," the helmsman said. 

In it for the long haul: A chat with Barry Greene

Alnylam President Barry Greene discusses the retooled Sanofi deal, Alnylam's transition to a commercial-stage company and what's on the horizon in 2018.

Wondering how Teva found room to cut $3B? Look at its past mistakes, CEO says

Since new CEO Kåre Schultz rolled out Teva’s $3 billion cost-cutting plan a few weeks back, “some have asked me, ‘how on earth is this possible?’” he said on Monday at the J.P. Morgan Healthcare Conference. One word: structure.

Shire divvies up its operations to prime neuroscience unit for future sale or spinoff

Shire has a penchant for making headlines at the J.P. Morgan Healthcare Conference, and it did so again early Monday.

After $270M round, BioNTech pens TCR pact with Scancell

BioNTech has followed up on its $270 million megaround by striking a deal with Scancell. The alliance gives BioNTech the chance to work with Scancell to discover and characterize T cell receptors (TCRs) and an option to form a license agreement covering the resulting therapeutics. 

Biotech stocks fail to lift on so-so J.P. Morgan conference's first day

Last year, things were pretty quiet out of the J.P. Morgan Healthcare Conference: few deals, few major updates. That seemed to set the tone for much of the year, at least on the M&A front.

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Resources

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[Webinar] Validating a 7 Day Membrane Filtration Sterility Test using Celsis®

Join us as we discuss how Charles River Celsis® helped Labor L+S AG validate a 7-day membrane filtration sterility test using existing protocols.

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[Webinar] Within-Subject Clinical Trials: Intro to New Methods & Stat. Models

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Events

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