J&J's ‘voracious’ medtech M&A appetite

Today's Big News

Jul 20, 2023

Novo Nordisk, Eli Lilly and Boehringer Ingelheim back bill to bring obesity drug coverage to Medicare 


Vir's shares crater as influenza mAB flames out in 'disappointing' phase 2 result 


J&J professes ‘voracious’ appetite for medtech M&A following Abiomed megadeal 


Pfizer's massive NC plant heavily damaged by tornado, prompting new US drug supply fears   


Janssen's newly merged infectious disease and vaccine unit sees significant pipeline cuts 

 

Featured

Novo Nordisk, Eli Lilly and Boehringer Ingelheim back bill to bring obesity drug coverage to Medicare

Despite the widespread hype surrounding new and powerful obesity medicines, the drugs are still out of reach for many Americans who could benefit. A group of lawmakers is working to change that.
11-14
Sep
Philadelphia, PA
 

Top Stories

Vir's shares crater as influenza mAB flames out in 'disappointing' phase 2 result

Despite interest from GSK and high hopes of leading the next generation of influenza A prophylaxis, Vir Biotechnology’s monoclonal antibody has failed its first phase 2 challenge.

J&J professes ‘voracious’ appetite for medtech M&A following Abiomed megadeal

The miniature heart pump maker Abiomed—which J&J picked up last year for $16.6 billion—accounted for nearly a third of J&J's quarterly medtech gains.

Pfizer's massive North Carolina plant heavily damaged by tornado, prompting new US drug supply fears

One of the world’s largest sterile injectables plants has landed in the path of a devastating act of nature. Wednesday, Pfizer said its manufacturing facility in Rocky Mount, North Carolina, suffered damage from a tornado. All of the company's employees are safe and accounted for.

Janssen's newly merged infectious disease and vaccine unit sees significant pipeline cuts

Johnson & Johnson's reassessment of its infectious disease and vaccine work does not appear to be over, with the company cutting the number of assets in development in half. The cuts come six months after the overhaul of the two units was first disclosed to staff.

Pfizer hails phase 2 data as proof that GBS maternal vaccine offers 'meaningful protection'

With Pfizer’s entry in the RSV race soaking up most of the press attention, it’s easy to forget that the Big Pharma has other vaccines in the works. They include a maternal vaccine for group B streptococcus (GBS), which has posted some positive data after a long period of radio silence.

Sandoz doubles down on biosimilars with $90M Slovenia site where it plans to hire 200

Sandoz is doubling down on its commitment to Slovenia in its globe-trotting biosimilar growth quest. Its latest move follows a separate $400 million pledge to build a plant in the country.

Abbott’s diabetes devices drive double-digit growth in Q2—sans still-slipping COVID sales

For the quarter, Abbott’s COVID-19 tests brought in just $263 million. Not only does that mark a drop of nearly 90% compared to the $2.3 billion the diagnostics raked in during the same period last year, but it also dampens the company’s overall sales performance, which came in 11.4% lower than last year.

Sanofi pays $125M to go after undruggable inflammatory target with Recludix's preclinical program

Sanofi is paying Recludix Pharma $125 million and offering up more than $1.2 billion in biobucks for a pact that will take aim at multiple immunological and inflammatory indications.

Pfizer, Gilead and GSK to seize majority of the growing $150B infectious diseases market by 2029: report

Despite the major decline in COVID-19 vaccine sales since the 2022 peak, the infectious disease market is still expected to grow by 5.7% through 2029 with Pfizer, Gilead and GSK all set to be the dominant forces in this market.

ViewRay looks to sell MRI-guided radiotherapy tech in wake of bankruptcy filing

Once the subject of a $1.2 billion market cap, ViewRay is now scrambling to stay afloat.
 
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