Abdera snags $142M for radiopharmaceuticals

Today's Big News

Apr 20, 2023

What spurred Lilly, Novo and Sanofi to slash insulin prices? Expert gives her take


Distalmotion collects $150M to bring hybrid surgery robot to the US


Abdera skyrockets out of stealth with $142M as radiopharmaceutical ambitions take flight


Amgen nabs appeals win against Otezla generics, blocking Sandoz and Zydus copycats until 2028


Fresenius Kabi recalls newly acquired infusion pump over possible leaks


Bristol Myers pays $23M to develop solid tumor ADCs based on Tubulis' toxicity-taming technology

 

Featured

What spurred Lilly, Novo and Sanofi to slash insulin prices? Expert gives her take

Not one, not two, but three of the industry's top diabetes players last month slashed prices on their competing insulins. After Eli Lilly's move, the strategy was quickly picked up by Novo Nordisk and Sanofi, drawing praise from lawmakers and advocacy groups alike. So, what was behind the sudden change?
 

Top Stories

Distalmotion collects $150M to bring hybrid surgery robot to the US

Distalmotion’s Dexter robot, currently used in Europe, offers what the Swiss company describes as an on-demand, hybrid approach to procedures.

Abdera skyrockets out of stealth with $142M as radiopharmaceutical ambitions take flight

Abdera is unveiling with $142 million in combined series A and B cash to build out a new wave of radiopharmaceuticals. The biotech is planning to ask the FDA to enter clinical trials with a lead asset in 2024.

Amgen nabs appeals win against Otezla generics, blocking Sandoz and Zydus copycats until 2028

Amgen has scored a legal victory to protect its key immunology drug Otezla for several more years. An appeals court backed a previous ruling preventing generics from Sandoz and Zydus from entering the market until 2028.

Fresenius Kabi recalls newly acquired infusion pump over possible leaks

Less than a year after putting down $240 million to acquire Ivenix and its sensor- and software-backed infusion pump, Fresenius Kabi is recalling more than 1,500 of the systems.

Bristol Myers pays $23M to develop solid tumor ADCs based on Tubulis' toxicity-taming technology

Bristol Myers Squibb is getting deeper into antibody-drug conjugates, paying Tubulis $22.8 million upfront to access technology designed to create more stable drugs with improved risk-benefit profiles.

With hard-fought Polivy approval, Roche looks to shake up decades of established practice in lymphoma

After a regulatory scare, Roche can now officially kick off work on changing nearly 20 years of clinical practice for previously untreated diffuse large B-cell lymphoma.

Noctrix Health’s neurostim wearable for restless leg syndrome earns FDA de novo nod

A neurostimulation-based approach from Noctrix Health is aiming to bridge the gap in treatments for restless leg syndrome.

Promore's scar trial leaves deep wound as phase 2 fail sends stock spiraling down

The nine-year wait for new clinical data on Promore Pharma’s ensereptide has ended in disaster, with the failure of the polypeptide to reduce scarring in a midphase trial wounding the biotech’s share price.

Blue Water buys enlarged prostate drug Entadfi from Veru for up to $100M

Veru sold its drug for enlarged prostate, Entadfi (finasteride and tadalafil), to Blue Water Vaccines. The deal is for $20 million up front, plus an additional $80 million if sales milestones are met. Blue Water is also renaming itself to Blue Water Biotech.
 
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'The Top Line': Humira's patent cliff and 2023's other big patent expirations, plus this week's headlines

This week on "The Top Line," we discuss how this year is chock-full of blockbuster drugs headed for the patent cliff, besides the well-known patent cliff for AbbVie's Humira. We also cover Johnson & Johnson's talc settlement offer and more of this week's top headlines.
 

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