DNA upstart Element raises $277M

Today’s Big News

Jul 11, 2024

Move over, oncology: Obesity, diabetes meds will take over 2030's top drug rankings, Evaluate forecasts


Pfizer bounces back in obesity, moving once-daily oral drug toward pivotal trials after earlier missteps


The most valuable R&D projects? You guessed it: obesity


Element Biosciences nets $277M ahead of new sequencer launch


The end of the beginning: Lilly execs eye top spot in burgeoning Alzheimer's market after Kisunla's FDA approval


Citing manufacturing issue, FDA rejects Novo Nordisk's once-weekly insulin

 

Featured

Move over, oncology: Obesity, diabetes meds will take over 2030's top drug rankings, Evaluate forecasts

Novo Nordisk's Ozempic is slated to take over No.1, while Merck's Keytruda falls to No.9 on Evaluate's predicted rankings of top drugs by 2030 sales.
 

Top Stories

Pfizer bounces back in obesity, moving once-daily oral drug toward pivotal trials after earlier missteps

Pfizer has dragged the oral GLP-1 candidate danuglipron back from the brink. Months after dropping one version of the asset, the Big Pharma has vowed to advance a once-daily, modified-release formulation on the strength of “encouraging pharmacokinetic data.”

The most valuable R&D projects? You guessed it: obesity

The obesity game is only in its early innings, and the future market will be defined by who can ease administration of the medicines, according to a new report from Evaluate.

Element Biosciences nets $277M ahead of new sequencer launch

Looking to be more upstart than startup, Element Biosciences aims to take on the DNA sequencing giant located right down the road in San Diego.

The end of the beginning: Lilly execs eye top spot in burgeoning Alzheimer's market after Kisunla's FDA approval

On top of Eisai and Biogen's Leqembi, Kisunla’s approval likely marks the “end of the beginning in treating this disease,” Andrew Lechleiter, VP of U.S. Alzheimer’s disease marketing at Eli Lilly, said during a recent interview.

Citing manufacturing issue, FDA rejects Novo Nordisk's once-weekly insulin

The FDA has slowed the roll for Novo Nordisk, rejecting its once-a-week insulin icodec for patients with Type 1 and Type 2 diabetes. In a complete response letter, the U.S. regulator made "requests related to the manufacturing process and the type 1 diabetes indication," which the company said it does not expect to remedy by the end of this year.

Novartis closes technical R&D site in San Diego as part of ongoing restructure

An R&D center in San Diego is the latest area to be impacted by Novartis’ ongoing global development restructure, the company has confirmed.

FDA urges rationing in shortage of BD BACTEC blood culture vials

BD said the issue with its BACTEC vials stems from manufacturing problems at its current plastic bottle supplier. The FDA expects the shortage to continue through Q4.

Akebia unveils IRA-driven price tag for kidney disease drug Vafseo, ends CSL collab

As it ends a licensing agreement with CSL Vifor, Akebia has priced its chronic kidney disease anemia drug Vafseo by incorporating an uncertain future label expansion that it plans to discuss with the FDA later this year.

Ogilvy Health adds Sofia Beccarelli to Asian planning operation

Ogilvy Health has added to the roster at its Singapore office, hiring Sofia Beccarelli as associate planning director for APAC to support key regional clients “with their marketing transformation.”

CRISPR gene therapy for progressive deafness preserves hearing in young adult mice

Young adult mice with a genetic form of progressive deafness can hear again after being treated with an experimental CRISPR gene therapy that its creators hope to eventually use in humans.
 
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The state of digital health investment in 2024

In this week’s episode of “Podnosis,” Executive Editor Heather Landi chats with Rock Health’s Megan Zweig to talk about the state of the digital health market, how startups and investors are taking a different approach to dealmaking and what to expect for the rest of the year. 
 

Resources

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2024 Life Sciences Industry Outlook

The definitive report on the state of our industry.  Readers will gain an understanding of key indicators to monitor, future predictions, and guidance for investors and founders navigating the therapeutic enabling tools and services, healthtech and techbio sectors through 2024 and beyond.
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The “Best Practice Organization” & Its Importance for Success in Today’s Biopharma Industry

In a complex industry like biopharma, being a “Best Practice Organization” (BPO) is essential to success. But what is a BPO & how do you build one? This eBook provides the answers.
 

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On Helix

Date: ‌4 ‌July ‌2024 ‌- ‌Location: ‌Babraham ‌Research ‌Campus, ‌Cambridge ‌UK

 

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