Bos Sci pays $540M for SoniVie

Today’s Big News

Mar 3, 2025

Biotech's top money raisers of 2024


Roche gains label expansion for heart attack medicine TNKase to treat stroke


Boston Scientific snags renal denervation developer SoniVie for $540M


AbbVie pays Gubra $350M to make late play for obesity space


Sinusitis data from Amgen, AZ's Tezspire spark 'best-in-disease' talk amid Sanofi, GSK competition


Bristol Myers' cost savings drive claims another 223 jobs in NJ

 

Featured

Biotech's top money raisers of 2024

After a rocky two years, money has started flowing back to biotech, with the return of the megaround exemplified in top moneymaker Xaira’s $1 billion fundraise.
 

Top Stories

Roche gains label expansion for heart attack medicine TNKase to treat acute ischemic stroke

Over nearly the last three decades, Genentech has had the lone medicine on the market for stroke. On Monday, the Roche subsidiary added a second stroke treatment to its repertoire, gaining an FDA endorsement for TNKase.

Boston Scientific snags renal denervation developer SoniVie for $540M

The acquisition sets up the company to potentially compete against Medtronic and Recor Medical—whose respective FDA-approved procedures received temporary reimbursements from Medicare at the top of this year.

AbbVie pays Gubra $350M to make late play for obesity space

AbbVie is paying $350 million to join the obesity race. The outlay, plus up to $1.875 billion in milestones, has landed the drugmaker rights to a long-acting amylin analog that is in phase 1 development at Gubra.

Sinusitis data from Amgen, AZ's Tezspire spark 'best-in-disease' talk amid Sanofi, GSK competition

Already billed as a potential blockbuster, Amgen and AstraZeneca’s Tezspire has turned in strong clinical data in chronic rhinosinusitis with nasal polyps (CRSwNP). In reviewing the data drop, William Blair analysts said the results “hint at best-in-disease therapy.”

Bristol Myers' cost-savings drive claims another 223 jobs in NJ

Beginning in late May, BMS will lay off 223 workers in Lawrenceville, New Jersey, where the company hosts its corporate headquarters, as well as a facility for commercial and late-stage development work. The downsizing initiative is part of BMS’ broader effort to cut costs.

Roche touts head-to-head data for Xolair against oral immunotherapy for treating food allergies

A year after the FDA blessed Roche and Novartis’ Xolair (omalizumab) as the first medicine to reduce allergic reactions that can occur from accidental exposure to certain foods, the companies have presented data indicating Xolair may be more effective than oral immunotherapy (OIT) in treating food allergies.

Pliant discontinues late-stage lung disease trial for lead asset after safety review

Pliant Therapeutics has discontinued a phase 2b/3 trial after recording at least a 7% higher rate of adverse events tied to idiopathic pulmonary fibrosis (IPF) in the treatment arms compared to placebo.

Paragonix's donor kidney perfusion system completes commercial flight

The KidneyVault is more than a simple ice chest. It pumps a cooled, specialized solution through the organ to help preserve it on the way to surgery.

Takeda's $300M bet on Protagonist's blood cancer drug pays off with phase 3 win

Takeda’s $300 million bet on Protagonist Therapeutics’ hematology asset a year ago appears to have paid off as the drug reduced blood procedures among patients with a rare type of cancer in a phase 3 trial.
 
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Research reveals ‘ticking DNA clock’ behind Huntington’s disease

This week on "The Top Line," we hear from Steven McCarroll, Ph.D., whose research team at the Broad Institute of MIT and Harvard recently uncovered new insights into the cause of Huntington's disease.
 

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