AstraZeneca drops last GLP-1 candidate

Today's Big News

Jun 20, 2023

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


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


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


Santhera, making good on its debts, offloads North American rights for DMD drug to Catalyst for up to $231M 


Bavarian Nordic bites back in chikungunya vaccine race, hitting phase 3 goal to stay on Valneva's heels


FDA stalls F2G's plans to get first in new antifungal class to market


More layoffs at Molecular Templates as biotech pays off debts to keep show on the road


Bone Therapeutics' final asset buried after failure in phase 2 fracture study


Beyond Air looks beyond lungs to target nitric oxide in autism


Fierce Biotech M&A Tracker 2023: Lilly throws the Dice for $2.4B; Coherus claims new I-O assets with $65M Surface buy


Fierce Biotech Fundraising Tracker '23: Attovia emerges with $60M; Beacon lights up with $120M


Researchers set sights on commonly bought probiotic for dry eye disease potential

The Top Line Podcast: don’t miss out on the newest episode where we discuss ASCO data, rising health tech stars, and more. Listen now.

 

Featured

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.
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Top Stories

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.

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.

Puerto Rico on Gene & Cell Therapy: An Unparalleled Proposal for Non-Dilutive Funding

Puerto Rico is becoming the best place in the world to conduct R&D activities for emerging technologies. Could your organization maximize growth potential by capitalizing on Puerto Rico’s unique tax incentives & culture of innovation?

Santhera, making good on its debts, offloads North American rights for DMD drug to Catalyst for up to $231M

Santhera is transferring North American rights for a registrational-stage Duchenne's med to Catalyst as a strategic move to strengthen its financial position. Catalyst marks the fourth company to take on some rights to vamorolone, which is slated for an FDA approval decision in October.

Bavarian Nordic bites back in chikungunya vaccine race, hitting phase 3 goal to stay on Valneva's heels

Bavarian Nordic’s phase 3 chikungunya virus vaccine clinical trial has hit its primary endpoint, keeping the Danish drugmaker in the slipstream of Valneva’s near-approval candidate in the race to market.

FDA stalls F2G's plans to get first in new antifungal class to market

F2G’s hopes of getting the first in a brand-new class of antifungals to market have hit a setback courtesy of a complete response letter from the FDA.

More layoffs at Molecular Templates as biotech pays off debts to keep show on the road

It’s been an eventful year so far for Molecular Templates—and not in a good way. The Bristol Myers Squibb-partnered biotech halved its head count in March to reduce costs, before its CD38-directed cancer candidate was hit by a two-month-long FDA hold that only lifted at the start of June.

Bone Therapeutics' final asset buried after failure in phase 2 fracture study

Bone Therapeutics may have escaped the graveyard thanks to a buyout by Medsenic last year, but the merged company continues to be haunted by clinical difficulties.

Beyond Air looks beyond lungs to target nitric oxide in autism

Developing drugs to treat autism spectrum disorder, or ASD, is notoriously difficult, largely because scientists have yet to pin down the mechanisms behind the social and learning deficits that characterize it. But one company, Beyond Air, is betting on a new culprit: neural nitric oxide.

Fierce Biotech M&A Tracker 2023: Lilly throws the Dice for $2.4B; Coherus claims new I-O assets with $65M Surface buy

Fierce Biotech's M&A Tracker, your one-stop shop for dealmaking in the biopharma universe.

Fierce Biotech Fundraising Tracker '23: Attovia emerges with $60M; Beacon lights up with $120M

Alongside the new year, we've launched a new Fierce Biotech Fundraising Tracker to keep the pulse on the industry's financing.

Researchers set sights on commonly bought probiotic for dry eye disease potential

A widely-available probiotic given orally showed benefits in a mouse model of dry eye disease, adding yet another potential indication for microbiome medicine.

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.

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.

The top 10 nonprofit health systems by 2022 operating revenue

The "worst financial year since the start of the pandemic" brought limited, and sometimes negative, revenue growth across the nation's largest nonprofit health systems.
 
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'The Top Line': News from BIO's annual conference, plus this week's headlines

This week on "The Top Line," we discuss the the top news from this year's annual BIO meeting, plus a COVID lawsuit, an FDA-approved app and the rest of the week's headlines.
 

Resources

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Autoantibodies: Powerful Biomarkers in Cancer Precision Medicine

Autoantibody screening is promising for early cancer detection with the potential to improve the whole treatment decision tree, providing a less invasive, powerful approach.
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Designing an Optimal APAC Clinical Supply Chain

Discover key considerations that every trial sponsor should know when navigating the complex clinical supply distribution landscape across Asia-Pacific.
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Running Decentralized Trials at Scale

Explore how clinical supply can be scaled up as decentralized programs progress, and how technological solutions can accelerate trial deployment.
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Questions You Need to Ask Your CRO About Clinical Supply

Planning on using a CRO to support your next clinical study? This infographic outlines critical areas to address at the start of the relationship in order to ensure that budget and timelines keep on track for the duration of the trial.
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Strategies to Optimize Clinical Trial Enrollment Timelines

See how clinical trial sponsors can build stronger strategies to address challenges across the patient enrollment funnel, starting with four necessary steps.
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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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