Caris Life Sciences' IPO nets nearly $500M

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Today’s Big News

Jun 18, 2025

FDA signs off on Gilead’s landmark long-acting PrEP med, signaling new era in HIV prevention


Taxes, tariffs and interest rates hold key to biotech's future amid uncertain outlook: EY


Caris Life Sciences boosts IPO price to raise $494 million


Marty Makary talks DOGE cuts, new voucher program and why FDA still 'on track' to meet all PDUFA dates


US accused of denying R&D grants for biotechs based on international investor links


Bavarian Nordic's $160M FDA speedy review voucher sale shows prices keep rising amid concerns over key program


BioNTech to wind down cell therapy manufacturing in Maryland, lay off 63 as it ends development of CAR-T drug in testicular cancer


Trump administration considers measures to limit DTC drug advertising: Bloomberg


Pharma makes comeback at Cannes Lions with 'brilliant basics'

 

Featured

FDA signs off on Gilead’s landmark long-acting PrEP med, signaling new era in HIV prevention

The FDA signed off on Gilead's twice-yearly HIV pre-exposure prophylaxis injection Yeztugo. With the nod, the drug becomes the longest-acting agent in HIV prevention.
 

Top Stories

Taxes, tariffs and interest rates hold key to biotech's future amid uncertain outlook: EY

“This is probably one of the toughest years to predict,” Arda Ural, Ph.D., EY Americas Life Sciences Sector Leader, said on a conference call last week.

Caris Life Sciences boosts IPO price to raise $494 million

The cancer testing company claimed a valuation of about $5.9 billion, while selling 23.5 million shares under the Nasdaq ticker CAI at $21 apiece.

Marty Makary talks DOGE cuts, new voucher program and why FDA still 'on track' to meet all PDUFA dates

“I'm proud to report that we're on track to meet all the PDUFA targets, and that morale is good and improving at the agency,” FDA's Marty Makary said at this year’s BIO, an international convention that has attracted 23,000 attendees.

US accused of denying R&D grants for biotechs based on international investor links

The Department of Health and Human Services is allegedly canceling clinical trial funding for biotechs with ties to certain foreign investors, Fierce Biotech has learned.

Bavarian Nordic's $160M FDA speedy review voucher sale shows prices keep rising amid concerns over key program

The value of priority review vouchers (PRVs) appears to be on the rise as concerns mount over declining supplies following the sunset of the rare pediatric disease PRV program.

BioNTech to wind down cell therapy manufacturing in Maryland, lay off 63 as it ends development of CAR-T drug in testicular cancer

Following a disappointing performance from the company’s CAR-T candidate in an early-stage cancer trial, BioNTech is winding down cell therapy manufacturing at its inaugural U.S. plant in Gaithersburg, Maryland. In turn, the German company is laying off 63 technical operations staffers at the site.

Trump administration considers measures to limit DTC drug advertising: Bloomberg

The Trump administration is weighing measures that would make it more expensive for pharmaceutical companies to conduct direct-to-consumer (DTC) advertising, according to a report from Bloomberg.

Pharma makes Cannes Lions comeback with 'brilliant basics'

For the first time in years, a traditional pharma company has taken the top prize at Cannes Lions. Viatris and Ogilvy Health earned the Grand Prix with an unbranded Viagra campaign that sidestepped China’s ad restrictions through metaphor and craft, marking a departure from recent winners led by tech and device companies.

Lawmakers refresh tax-dodging accusations against Big Pharma, targeting Pfizer, AbbVie and others

Two Democratic lawmakers have renewed accusations that large pharma companies have evaded paying U.S. taxes through a legislative loophole that drugmakers are allegedly lobbying to retain.

Neuropsychiatry biotech Draig Therapeutics hatches with red-hot $140M series A

A new biotech has come roaring to life in Wales with a $140 million series A and a lead candidate ready for phase 2 trials in major depressive disorder. Draig Therapeutics has emerged from a partnership between Cardiff University’s Medicine Discovery Institute and SV Health Investors to tackle unmet needs in neuropsychiatry.

Grail plans to submit updated Galleri blood test for FDA approval next year

Grail reported it collected positive initial findings from the latest large study of its multi-cancer early detection test, Galleri, with data the company said it will submit to the FDA as it seeks a full marketing approval.

Scholar Rock's SMA drug helps weight loss patients on Zepbound retain muscle in phase 2 trial

Scholar Rock’s investigational spinal muscular atrophy drug helped patients taking Eli Lilly’s obesity blockbuster Zepbound maintain muscle mass, offering another avenue to reach a key goal for the obesity market.
 
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Resources

Executive Summary

Specialized Support to Accelerate Biotech Success

Biotech innovation doesn’t slow down—and neither should your lab partner. This brief outlines how early scientific engagement, operational transparency, and integrated global lab services help reduce risk, stay on schedule, and deliver results. Whether you're navigating your first trial or scaling a growing pipeline, see how a purpose-built lab model can help you move smarter and faster.
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Building Peak Performance Go-to-Market Operations

We analyzed ~300 launches to identify the factors most correlated with commercial success & built a framework for peak go-to-market performance.
 

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