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This Week

Aug 16, 2024

IRA negotiations slash Medicare prices for Big Pharma blockbusters by up to 79%


Eli Lilly unwraps $700M nucleic acid R&D center in Boston Seaport, opens doors to biotechs


J&J and Roche are the strongest companies in the biopharma industry, says S&P Global


Merck pays $700M for bispecific, spying autoimmune opening and chance to challenge Amgen in cancer


Gilead looks to 'redefine' HIV PrEP market with 2025 launch of long-acting Sunlenca


On doorstep of FDA decision, Gilead pays J&J $320M to exit licensing deal for seladelpar

 

Featured

IRA negotiations slash Medicare prices for Big Pharma blockbusters by up to 79%

The White House has revealed significantly reduced prices for 10 prescription drugs affected by the first wave of Medicare negotiations mandated by the Inflation Reduction Act, the Biden administration initiative which includes several measures designed to lower the cost of healthcare in the U.S.
 

Top Stories

Eli Lilly unwraps $700M nucleic acid R&D center in Boston Seaport, opens doors to biotechs

Eli Lilly has opened a $700 million R&D center in the Boston Seaport, boosting its RNA and DNA research capabilities and expanding its biotech-hosting Gateway Labs to the East Coast for the first time.

J&J and Roche are the strongest companies in the biopharma industry, says S&P Global

Johnson & Johnson and Roche are at the top of S&P Global’s pharmaceutical industry power ratings, which assess the strength of the world’s top 17 drugmakers.

Merck pays $700M for bispecific, spying autoimmune opening and chance to challenge Amgen in cancer

Merck & Co. is paying $700 million upfront to challenge Amgen in a blood cancer market. The deal will give Merck global rights to Curon Biopharmaceutical’s CD3xCD19 bispecific, positioning the Big Pharma as a rival to Amgen and AstraZeneca in oncology and Cullinan Therapeutics in autoimmune disease.

Gilead looks to 'redefine' HIV PrEP market with 2025 launch of long-acting Sunlenca

The HIV-focused drugmaker looks to position its long-acting Sunlenca as a prime PrEP option after the med aced a phase 3 study.

On doorstep of FDA decision, Gilead pays J&J $320M to exit licensing deal for seladelpar

With Gilead on the verge of an FDA decision for its liver disease drug seladelpar, the company has paid Johnson & Johnson $320 million to exit an 18-year-old licensing agreement on the compound. The buyout removes Gilead’s obligation to pay an 8% royalty on sales of seladelpar.

Stryker continues shopping spree with acquisition of smart hospital developer care.ai

Last month, CEO Kevin Lobo said Stryker planned to pursue multiple M&A deals this year. It hasn’t taken long to start making good on that promise.

AbbVie taps Melissa Joan Hart to explain it all at annual 'Science of Skin' event

To brew up the latest iteration of its ongoing initiative to provide deeper education around chronic skin conditions, AbbVie sought help from a onetime teenage witch.

The largest known protein has been discovered in algae—and it's a machine that makes poison

The muscle protein titin has long been the titan of the molecular world. Built of more than 34,000 amino acids and weighing in at a hefty 3.7 megadaltons, titin has long been considered the largest protein in the world—until now.

CDMOs must look to leadership diversity, retention and specialized skills to stay on top: report

Facing a unique set of challenges and staring down multiple new technologies and modalities, CDMOs must work to recalibrate their leadership requirements if they hope to stay on the cutting edge, executive search advisory firm WittKieffer said in a new report.
 
Fierce podcasts

Don’t miss an episode

What the data says about the telehealth market

In this week's episode of "Podnosis," we’re discussing the challenges and opportunities for telehealth, given some notable setbacks for the industry in recent months.
 

Resources

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Launching a Product in Europe: Understanding Supply Chain Cost Drivers

This paper explores the costs of setting up a supply chain in Europe for a new biopharma therapy. It outlines key cost drivers & the various levers decision makers can use to affect those costs.
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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.
 

Industry Events

On Helix

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

 

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