BMS prevails in Pomalyst antitrust suit

Today’s Big News

Apr 9, 2025

HHS cuts contract spend by 35%, with 334 pacts already terminated


Mucinex maker Reckitt lets go of 190 staffers in NJ while Organon lays off 93 amid restructuring efforts


Judge permanently blocks NIH grant caps, prompting HHS appeal


BMS prevails in antitrust lawsuit over its defense of multiple myeloma blockbuster Pomalyst


PacBio to cut headcount, costs in face of tariff headwinds


Cornell and Northwestern next up for federal funding freeze, jeopardizing health research


Annexon rolls out Guillain-Barré awareness campaign for HCPs amid promising results for targeted therapy

 

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HHS cuts contract spend by 35%, with 334 pacts already terminated

In the latest of a string of clawbacks, the Department of Health and Human Services is now sharing plans to cut contract spending by 35% across all divisions.
 

Top Stories

Mucinex maker Reckitt lets go of 190 staffers in NJ while Organon lays off 93 amid restructuring efforts

Reckitt Beckiser and Organon are laying off employees in New Jersey as both companies are undergoing separate restructurings.

Judge permanently blocks NIH grant caps, prompting HHS appeal

On Monday, a federal judge permanently blocked the National Institutes of Health from implementing indirect cost caps on research grants. The NIH is now appealing.

BMS prevails in antitrust lawsuit over its defense of multiple myeloma blockbuster Pomalyst

A New York City federal court has dismissed a proposed class action lawsuit against Bristol Myers Squibb that accused the drugmaker of deploying anticompetitive tactics to protect the market exclusivity of key multiple myeloma drug Pomalyst.

PacBio to cut headcount, costs in face of tariff headwinds

Looking to get its earnings out early, PacBio posted preliminary revenue estimates this week ahead of its full quarterly report scheduled for May 8.

Cornell and Northwestern next up for federal funding freeze, jeopardizing health research

The Trump administration’s effort to slash federal funding to universities has found its latest targets, with the government reportedly freezing $1 billion in funds to Cornell University and $790 million to Northwestern University.

Annexon rolls out Guillain-Barré awareness campaign for HCPs amid promising results for targeted therapy

As it advances a monoclonal antibody targeting Guillain-Barré syndrome, Annexon Biosciences is embarking on another effort to improve treatment of the rare condition.

From ADCs to radiopharma: How AstraZeneca is trying to ‘redefine oncology care’

AstraZeneca has been busy in recent years picking up a shopping list of assets and companies that have pumped up its oncology pipeline.

DHL earmarks €2B to enhance biopharma cold chain operations as demand grows

DHL Group is earmarking 2 billion euros ($2.2 billion) to bulk up its healthcare supply chain operations in order to meet growing demand from the biopharma industry.

Vincerx's final merger attempt collapses, leaving ADC biotech to wind down

With two attempts to merge with other companies having collapsed, Vincerx Pharma has been left with no choice but to start winding down.

Caris Life Sciences collects $168M to fund tumor test rollouts

Caris' MI Cancer Seek assay, greenlit by the FDA in November, examines 228 tumor genes to help find eligible patients for targeted treatments.

Merz Aesthetics makes Salma Hayek Pinault global brand ambassador for skin-lifting device

Merz Aesthetics has extended its starry marketing strategy, signing up Salma Hayek Pinault as the first global brand ambassador for its noninvasive skin-lifting device.

Vertex CEO Reshma Kewalramani gets 4% pay bump to $21.5M

After another solid year that included 12% growth in the top line, Vertex has bumped up its compensation for CEO Reshma Kewalramani, M.D., to $21.5 million, according to the company’s proxy filing.
 
Fierce podcasts

Don’t miss an episode

How Oura is making the jump from consumer wellness to healthcare

This week on "Podnosis," Senior Writer Paige Minemyer chats with Jason Oberfest, vice president of healthcare at Oura, to discuss how the company is approaching its push into healthcare.
 

Resources

eBook

Through a CRO's perspective: Innovative, Agile Solutions In Vaccine Efficacy Testing

Typical vaccine development timelines have averaged 10 years, but the time from the SARS-CoV-2 genetic sequence’s release to the submission of the first vaccine clinical trial data for regulatory review was a mere 314 days. In IQVIA Laboratories’ Vaccine eBook we focus on how contract research organizations (CROs) can best leverage strategic partnerships with sponsors to prepare for the next pandemic.
Whitepaper

Protect Your Trial Data: Endpoint, Imaging, and Safety Review

Avoid costly mistakes and ensure your clinical development program meets the highest standards by reading WCG’s whitepaper on Imaging Core Labs, Endpoint Adjudication Committees (EAC), and other safety reviews.
Research

Best Practice Customer-Facing Organization Study Report

We interviewed 15 biopharma leaders on the critical success factors for building a Best Practice customer-facing organization. This report shares what we learned.
 

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