Inflammation-focused Apogee plots IPO

Today's Big News

Jun 23, 2023

Roche drops antisense drug after seeing efficacy data, leaving Biogen, Ionis and Ultragenyx to duke it out


UPDATED: Intercept restructures as Ocaliva's NASH hopes dashed again with FDA rejection


Apogee takes aim at Regeneron, Lilly as inflammation-focused biotech readies IPO


Medtronic signs on to distribute Allurion's swallowable balloon, AI platform for weight loss


GSK escapes first state-level Zantac jury trial with settlement

 

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Roche drops antisense drug after seeing efficacy data, leaving Biogen, Ionis and Ultragenyx to duke it out

Roche has bowed out of the race to develop an antisense oligonucleotide (ASO) for Angelman syndrome. After getting a look at early efficacy data, the Swiss drugmaker opted against advancing the candidate, switching its Angelman focus to another asset and leaving the ASO space to Biogen, Ionis and Ultragenyx.
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Top Stories

UPDATED: Intercept restructures as Ocaliva's NASH hopes dashed again with FDA rejection

Even after a second application attempt, Intercept’s Ocaliva wasn’t the fatty liver disease breakthrough that the company had hoped it would be. Intercept is now swinging into restructuring mode, and the NASH baton passes on to Madrigal Pharma.

Apogee takes aim at Regeneron, Lilly as inflammation-focused biotech readies IPO

Barely six months after launching, Paragon Therapeutics’ first spinout has set its sights on the public markets as well as taking on some of the biggest names in immunology and inflammation.

Medtronic signs on to distribute Allurion's swallowable balloon, AI platform for weight loss

The next year is set to be a busy one for Allurion: Not only is the weight-loss technology maker planning to go public this summer, but it has also now tapped Medtronic to help bring its technology to even more healthcare providers and patients around the world.

GSK escapes first state-level Zantac jury trial with settlement

GSK can now wipe an upcoming California Zantac trial off its plate with a confidential settlement a month before what would have been the first state-level trial.

Weeks after laying off 'substantially all' employees, Acasti Pharma insists its approval plans remain on track

Laying off “substantially all” your workforce is normally a sign that a biotech is in a death spiral, but Acasti Pharma’s CEO is insistent that the move has “energized” the company as it gears up for a phase 3 study of its lead asset.

Jazz brings the noise to the FDA with lawsuit over approval of Avadel's narcolepsy drug Lumryx

After years of using the patent system to delay competition to its key Xyrem/Xywav franchise from a rival company, Jazz Pharmaceuticals is taking a new route—suing the FDA.

Chutes & Ladders—Bayer promotes Sebastian Guth to helm all US operations

When Bayer named former Roche pharma chief Bill Anderson as its new CEO, it was clear the company would be leaning into its pharmaceutical business focus moving forward. That’s been further cemented with the promotion of Sebastian Guth as head of the company’s U.S. operations.
 
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'The Top Line': Most expensive drugs, plus this week's headlines

This week on "The Top Line," we discuss the most expensive drugs in the U.S., plus Eli Lilly's recent acquisition, the latest company to challenge the Inflation Reduction Act, and the rest of the week's headlines.

 

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