Medigene, Alector and BMS lay off staff

Today’s Big News

Nov 26, 2024

Amgen’s monthly obesity drug matches competition in phase 2, but investors are unimpressed


Roche inks $1.5B Poseida buyout, betting off-the-shelf CAR-Ts will democratize access to cell therapies


Roche's TIGIT prospect fails another phase 3 lung cancer test


Cash-strapped Medigene lays off 40% of staff, pauses plan to enter clinic


Alector lays off 17% of staff after AbbVie-partnered Alzheimer's asset fails phase 2


Sarepta pays $500M cash for rights to 'multiple potential blockbusters' from Arrowhead


Bristol Myers Squibb hands pink slips to 195 workers in NJ as cost-cutting effort rolls on

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Featured

Amgen’s monthly obesity drug matches competition in phase 2, but investors are unimpressed

Amgen claims to have made weight loss history by producing the first proof of a reduction in body weight for a monthly obesity treatment in a phase 2 study—but it wasn’t enough to enthuse investors.
 

Top Stories

Roche inks $1.5B Poseida buyout, betting off-the-shelf CAR-Ts will democratize access to cell therapies

Roche has struck a $1.5 billion deal to buy Poseida Therapeutics. The takeover will establish off-the-shelf cell therapies, which Roche has said can democratize CAR-Ts, as a new core capability at the drugmaker.

Roche's TIGIT prospect fails another phase 3 lung cancer test

Roche’s SKYSCRAPER-01 has fallen down. The phase 3 trial found adding the TIGIT candidate tiragolumab to a checkpoint inhibitor had no effect on overall survival in non-small cell lung cancer.

Fierce 50 Awards Gala Honors Innovators and Leaders in Biopharma and Healthcare

Discover the trailblazers shaping the future of healthcare, biotech, and pharma at the Fierce 50 Awards Gala.

Cash-strapped Medigene lays off 40% of staff, pauses plan to enter clinic

Medigene will slim its head count by 40% and pause plans to get its first asset into the clinic in order to channel cash to its T cell receptor-guided therapies.

Alector lays off 17% of staff after AbbVie-partnered Alzheimer's asset fails phase 2

Alector’s Abbvie-partnered Alzheimer's asset has failed to slow disease progression in a phase 2 study, the latest in a string of investigational meds missing the mark in the indication.

Sarepta pays $500M cash for rights to 'multiple potential blockbusters' from Arrowhead

Sarepta Therapeutics is paying Arrowhead Pharmaceuticals $500 million in cash, plus a $325 million equity investment, for worldwide licensing rights to seven programs—four clinical and three preclinical—in addition to a discovery partnership with six targets.

Bristol Myers Squibb hands pink slips to 195 workers in New Jersey as cost-cutting effort rolls on

Bristol Myers Squibb has executed another round of layoffs in its ongoing cost-savings push. The company has handed pink slips to 195 more employees, according to a New Jersey Worker Adjustment and Retraining Notification update.

AI model matches patients to trials almost as accurately as humans: study

In order to more quickly recruit volunteers into clinical trials, a team of researchers at the NIH has turned to artificial intelligence. The scientists built a large language model, TrialGPT, that can scan medical summaries of patients and match them to clinical trials they are eligible for.

Fast-growing Adragos snaps up Swiss CDMO Baccinex, significantly expanding fill-finish firepower

German CDMO Adragos Pharma has been on a growth tear this year. Now, the manufacturing arriviste—which was founded in 2020—is expanding its production network again with the acquisition of Switzerland's Baccinex, which specializes in fill and finish services.

Biden proposes Medicare, Medicaid cover anti-obesity drugs

With time running out before leaving office, the Biden administration is proposing a rule to have Medicare and Medicaid cover anti-obesity medications and bolster guardrails for AI. It also addresses prior authorization, behavioral health, brokers, provider directories and vertical integration.
 
Fierce podcasts

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Meet 2024’s fiercest women in life sciences

This week on "The Top Line," Fierce editors discuss our special report celebrating 10 women driving change in clinical research, business development, venture capital, and more
 

Resources

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7 “Make or Break” Factors for Emerging Biopharma Companies

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Planning for success in cell-based manufacturing

Learn how to evaluate quality documentation to help you select the right raw materials at early decision points for your cell-based manufacturing processes.
 

Industry Events

On Helix

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

 

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