Illumina caught in China tariff crossfire

Today’s Big News

Feb 4, 2025

Bristol Myers Squibb, Kyowa Kirin layoffs hit 119 in NJ amid separate restructuring campaigns


Pfizer axes B7-H4 ADC, triggering $1B impairment charge as blockbuster vision evaporates


Illumina caught in tariff crossfire as China retaliates


Moderna slammed over social media posts ‘inappropriately directed’ at kids


Merck halts Gardasil shipments to China as local demand for the HPV vaccine nosedives


Astellas fires CSO and chief manufacturing officer in C-suite shake-up


RFK Jr.'s nomination for HHS secretary clears Senate committee, teeing up full vote

 

Featured

Bristol Myers Squibb, Kyowa Kirin layoffs hit 119 in New Jersey amid separate restructuring campaigns

As the major cost-cutting initiative at Bristol Myers Squibb rolls on, the company has launched another round of layoffs in its home state of New Jersey.
 

Top Stories

Pfizer axes B7-H4 ADC, triggering $1B impairment charge as blockbuster vision evaporates

Pfizer tallied up $1.2 billion in impairment charges in response to changes in development plans and commercial forecasts for Seagen-acquired ADCs.

Illumina caught in tariff crossfire as China retaliates

Shortly after the Trump administration imposed new tariffs on China, the country responded with levies of its own—and placed Illumina on a government watchlist.

Moderna slammed over social media posts ‘inappropriately directed’ at kids

For the fourth time in five months, the PMCPA has ruled that Moderna brought discredit on the pharma industry. Moderna received the latest telling-off after the U.K. drug marketing watchdog reviewed social media posts and other materials related to the NextCOVE clinical trial of its COVID-19 vaccine.

Merck halts Gardasil shipments to China, withdraws $11B sales target as demand nosedives

The recent decline of Merck & Co.’s HPV vaccine Gardasil in China has come to a head as the New Jersey drug giant is suspending shipments to the world’s second-most populous country.

Astellas fires CSO and chief manufacturing officer in C-suite shake-up

Astellas is preparing a significant shake-up of its top tier roles, including ushering out its current Chief Scientific Officer and Chief Manufacturing Officer.

RFK Jr.'s nomination for HHS secretary clears Senate committee, teeing up full vote

HHS secretary nominee Robert F. Kennedy Jr. is one step closer to confirmation as the Senate Finance Committee voted on Tuesday to advance his nomination for a full Senate vote.

World Cancer Day 2025: Merck, Pfizer, GSK among pharmas raising awareness of prevention, detection, treatment options

In 2000, the Union for International Cancer Control named Feb. 4 World Cancer Day, with a goal of raising awareness of cancer and encouraging efforts to prevent and treat its various forms. A quarter-century later, the initiative is still going strong, with biopharma organizations joining countless other companies and individuals in the battle against what the UICC describes as “the global cancer epidemic.”

Manufacturing juggernaut Jabil establishes CDMO presence with M&A play

Manufacturing firm Jabil has purchased Maryland-based CDMO Pharmaceutics International for an undisclosed sum. The deal, which closed Monday, immediately arms Jabil with contracting firepower in aseptic filling and freeze drying services, as well as oral solid dose production across multiple stages of product development.

Turnstone ends last remaining clinical program due to costs, plots more layoffs

Four months after laying off 60% of its workforce, Turnstone Biologics is planning further redundancies as the biotech gives up on its last remaining clinical-stage candidate over manufacturing costs.

Regeneron's Libtayo reaches blockbuster status and has potential for more growth: execs

Regeneron's PD-1 cancer treatment Libtayo, which continues to exceed analyst expectations, has become a blockbuster for the first time. After the drug delivered $1.22 billion in sales last year, the company says there's room for more growth.

French biotech discontinues all clinical activities, shuts down US site

Valerio Therapeutics is ending all clinical trials, including an ongoing phase 1/2 study for its investigational “DNA decoy” candidate designed to treat recurrent solid tumor cancers.

Roche's Enhertu companion diagnostic secures new FDA approval in HER2-ultralow breast cancer

According to Roche, the diagnostic’s expansion into the ultralow category may allow between 20% to 25% of patients whose breast tumors were previously labeled as HR-positive and HER2-negative to become candidates for the targeted therapy.

Arcutis drafts NFL star Odell Beckham Jr. to raise awareness of seborrheic dermatitis, Zoryve treatment

Arcutis Biotherapeutics is going long with the latest push for its seborrheic dermatitis treatment Zoryve.
 
Fierce podcasts

Don’t miss an episode

What to expect from the biotech IPO market in 2025

This week on “The Top Line,” we zoom in on a Fierce JPM Week panel of industry experts discussing what it will take for biotechs to pull off a successful IPO in 2025.
 

Resources

Whitepaper

The Oncology Market: 2024 Year in Review

This paper reviews key developments in the oncology market during 2024 and outlines what they mean for the future.
 

Upcoming Fierce Events

29-1
Apr-May
San Diego, CA
7-9
May
Free Virtual Event
8-11
Sep
Philadelphia, PA
7-9
Oct
Boston, MA

View all events