BD sheds surgical instruments unit for $540M

Today's Big News

Jun 20, 2023

Eli Lilly's Emgality fails to top Pfizer's Nurtec in head-to-head migraine clash


FDA puts Gilead's $225M BCMA CAR-T on hold over patient death, delaying potential rival to J&J, BMS


BD sells off surgical instruments unit to Steris for $540M


'Misinformation:' AstraZeneca's China head refutes news report about potential spinoff


Lilly makes fresh bet on IL-17 with $2.4B acquisition of Dice Therapeutics


Sanofi prevails over Boehringer Ingelheim in legal battle over Zantac liabilities

 

Featured

Eli Lilly's Emgality fails to top Pfizer's Nurtec in head-to-head migraine clash

When Nurtec ODT started steaming ahead in 2021, Eli Lilly sought to blunt the oral rival’s momentum with a trial designed to show its injectable Emgality works better at preventing migraines. That project has now fallen through.
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FDA puts Gilead's $225M BCMA CAR-T on hold over patient death, delaying potential rival to J&J, BMS

Gilead Sciences' $225 million bet on Arcellx’s CAR-T cell therapy has hit turbulence. Months after Arcellx closed the deal, the FDA has put a pivotal trial of the anti-BCMA therapy on hold in response to the death of a patient.

BD sells off surgical instruments unit to Steris for $540M

BD announced Tuesday that it has inked a deal with Steris, an Irish maker of medical equipment used for sterilization and surgical procedures, to sell off its surgical instrumentation unit.

'Misinformation': AstraZeneca's China head refutes news report about potential spinoff

The largest multinational pharma company in China has reportedly made plans to separate its local business in case geopolitical tensions worsen. But the company is hitting back at the recent news report.

Lilly makes fresh bet on IL-17 with $2.4B acquisition of Dice Therapeutics

Eli Lilly has taken a high-stakes gamble on oral IL-17 inhibitors, betting $2.4 billion upfront that acquiring Dice Therapeutics will expand its autoimmune arsenal.

Sanofi prevails over Boehringer Ingelheim in legal battle over Zantac liabilities

An International Chamber of Commerce arbitration tribunal has sided with Sanofi, rejecting Boehringer Ingelheim's attempt to receive liability protections for cancer claims in the United States tied to heartburn medicine Zantac. In an asset swap with Boehringer in 2016, Sanofi gained U.S. marketing rights to the treatment.

Amid bankruptcy filing, Surgalign continues layoffs, prepares to auction off assets

After a mix of skyrocketing expenses and dwindling cash stores led Surgalign late last year to kick off a companywide review of additional cost-cutting options, the surgical device maker has settled on selling off the entire business.

After metastatic disease win, Merck's Keytruda flunks trial in early stomach cancer

Immune checkpoint inhibitors haven’t had tons of success in stomach cancer. Now, Merck has added one failure to the mix.

Former British Prime Minister Boris Johnson's first big job after quitting Parliament: Chewing the fat on Ozempic

Boris Johnson, who around a year ago was forced out as Prime Minister of the U.K. and now this month has left the British government entirely, has picked up the pen once again in a new role for the Daily Mail.

AstraZeneca drops another GLP-1 after phase 1 data bust market-beating diabetes hopes

Two months after dropping one of its GLP-1 agonists, AstraZeneca has decided to scrap its remaining clinical candidate. A preliminary analysis of the phase 1 data convinced the company that the drug would not outperform the competition.

Eli Lilly's Mounjaro is primed to overtake Novo Nordisk's popular diabetes and obesity duo: report

In the battle for diabetes and obesity superiority, Novo Nordisk holds a head start as the original developer of the metabolism-regulating treatment semaglutide. But Eli Lilly is quickly gaining ground and is primed to become the market leader with its GLP-1 treatment Mounjaro, according to GlobalData.

Eli Lilly partners with American Diabetes Association, baseball star Adam Duvall to 'tap the cap' on insulin prices

Eli Lilly has had a tough time on insulin pricing: It’s long been under fire, like many of its peers, over the high cost of the diabetes therapy, and last year was also hit by a Twitter spoof about making insulin free that saw its stock price tank.

Fierce Biotech Layoff Tracker 2023: More layoffs at Molecular; Surface shrinks by half

We had hoped that our Layoff Tracker would stay retired for a while, but 2023 is starting to look a lot like our old friend 2022 when it comes to layoffs in biotech.
 
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Commercializing Gene Therapies, Part 4 – Market Entry

This paper outlines various market archetypes and key considerations leaders must address when prioritizing new potential markets for gene therapies.
 

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