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October 16, 2019___

Today's Rundown

Featured Story

Alexion inks deal to acquire Achillion for $930M upfront

Alexion has struck a deal to buy Achillion for $930 million upfront. The takeover will give Alexion two clinical-phase medicines in development in complement alternative pathway-mediated rare diseases.

Top Stories

Lilly's Armo buyout drug a bust in pancreatic cancer

Last year, Eli Lilly spent $1.6 billion to get its hands on Armo Biosciences and its lead asset, pegilodecakin. Today, that drug flopped.

Roche dumps early pipeline efforts as sales jump

Big Pharma giant Roche has quietly cut a series of early- to midstage experimental drugs as it continues the traditional quarterly clear-out.

[Sponsored] A New Starting Point for Patient Support: Technology-Driven Hub Services

Flipping the script for specialty medications – improved patient access and time-to-therapy with a new tech-enabled platform from CoverMyMeds and RxCrossroads by McKesson.

MedImmune's top cancer researcher jumps ship to small biotech

MedImmune’s vice president of research and head of oncology R&D Ronald Herbst, Ph.D., has followed a series of other AstraZeneca and its biologics arm staffers out the door.

Ipsen bags Blueprint drug to move deeper into ultra-rare disease

Ipsen has struck a deal with Blueprint Medicines to add another treatment for fibrodysplasia ossificans progressiva (FOP) to its rare disease pipeline. The backloaded, $535 million (€485 million) deal comes months after Ipsen paid $1 billion to buy Clementia Pharmaceuticals for an FOP therapy. 

Healx raises $56M to launch 40 rare disease R&D programs

Healx has raised $56 million (€51 million) to launch 40 rare disease programs while taking some of its existing assets into the clinic. The ambitious target is enabled by an AI drug discovery platform that Healx thinks gives it a scalability that has more in common with tech than biotech. 

Novartis' Sandoz drops out of prescription app deal with Pear Therapeutics

Sandoz is pulling the plug on its commercialization partnership with Pear Therapeutics, ending its experiment with digital treatments for substance use disorders that first kicked off in April 2018.

Resources

[Article] 8 Compelling Reasons Why Businesses Need To Be In The Cloud Now!

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Compare digital program performance and audience engagement among your life sciences peers.

[Webinar] Clinically Integrated Networks: A Growing Disruptor in American Healthcare

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White paper providing an overview of precision medicine in oncology, as well as a look ahead at future developments and keys to success for pharmaceutical and diagnostics companies.

[Case Study] Clinical Supply Management

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[Video] Demand Led Services and Clinical Supply Efficiency

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[eBook] Strategies for Efficient Clinical Supply Management and Forecasting

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