Biogen’s new CEO talks Leqembi, pipeline efforts

Today's Big News

Feb 15, 2023

Arrowhead’s $3.7B J&J deal is done, CEO says, after ‘out of the blue’ NASH decision


GSK was warned repeatedly about Zantac impurity but played down risks: Bloomberg


Biogen chairman to step down as new CEO walks thin line with Alzheimer's launch Leqembi


Biogen’s brand-new CEO shuns ‘desperation factor,’ but signals major business development ahead

 

Featured

Arrowhead’s $3.7B J&J deal is done, CEO says, after ‘out of the blue’ NASH decision

Hours after Arrowhead Pharmaceuticals revealed that Johnson & Johnson is returning a clinical-stage NASH asset “out of the blue," CEO Chris Anzalone says that the entire $3.7 billion collaboration between the two is done. 
 

Top Stories

GSK was warned repeatedly about Zantac impurity but played down risks: Bloomberg

Facing tens of thousands of lawsuits over cancer risks on the popular heartburn drug Zantac, GSK has argued there's "no consistent or reliable evidence" that the medicine causes any cancer. But a new report in Bloomberg Businessweek says GSK's own scientists have long known about the risks.

Biogen chairman to step down as new CEO walks thin line with Alzheimer's launch Leqembi

Biogen’s long-time chairman Stelios Papadopoulos, Ph.D., will retire from the post under company policy, potentially giving new CEO Chris Viehbacher more freedom to make bold moves to salvage the big biotech from declining revenues and a bruised reputation.

Biogen's brand-new CEO shuns 'desperation factor' but signals major business development ahead

Biogen’s new CEO Christopher Viehbacher has wasted no time getting a pipeline re-prioritization underway while signaling that the formerly restrained company is ready to make some deals.

COVID-19 tracker: Justice Department backs Moderna in vaccine patent fight

Moderna shouldn't be at fault for any infringement of Arbutus and Genevant's patents while developing its COVID shot, The Justice Department says. The European Medicines Agency is weighing whether to make COVID-19 vaccines a yearly occurrence, much like the flu shot. Plus more.

Biogen bails on BTK race just 19 months after placing $125M bet

Biogen has soured quickly on Bruton’s tyrosine kinase inhibitor orelabrutinib. Just 19 months after paying $125 million for ex-China rights in multiple sclerosis, the Big Biotech is punting the prospect back to InnoCare Pharma.

Titan Medical, already down to bare bones, lays off almost half of executive team

Alongside the latest round of layoffs, Titan also disclosed that it has received yet another warning notice from the Nasdaq stock exchange.

Bavarian Nordic scoops up Emergent's travel vaccines, manufacturing site in deal worth up to $380M

Emergent said it’s selling its travel health business to Bavarian Nordic for an upfront payment of $270 million. Specifically, Emergent is handing over its typhoid fever vaccine Vivotif and its cholera shot Vaxchora plus the late-stage chikungunya candidate CHIKV VLP.
 
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'The Top Line': 2022's top acquisitions and what Amgen's $28B Horizon buy means for M&A in 2023

This week on "The Top Line," we discuss which companies made the list of the top 10 pharma M&A deals of 2022 and what was at stake last year. We also talk about what last year's biggest deal means for M&A activity this year.
 

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