Cryoablation developer Adagio cuts staff

Today’s Big News

Feb 28, 2025

Trump's 'America First' investment policy raises uncertainty for US-China biotech dealmaking


Eli Lilly feels Magnet's pull with molecular glue deal potentially worth $1.25B


Cryoablation developer Adagio Medical lays off staff, refocuses on US study


Lilly promotes ‘healthy skepticism’ toward compounded drugs in new Oscars ad campaign


ElevateBio gene therapy lowers levels of toxic protein in mice with Huntington’s disease


Apellis warns of Q1 growth speedbump, touts TV advertising push to grow Syfovre


BridgeBio's KRAS-focused cancer spinout backs SPAC as path to Nasdaq

 

Featured

Trump's 'America First' investment policy raises uncertainty for US-China biotech dealmaking

A new policy from President Donald Trump aims to restrict both inbound and outbound investments related to China in certain strategic industries, including biotechnology.
 

Top Stories

Eli Lilly feels Magnet's pull with molecular glue deal potentially worth $1.25B

The molecular glue wave that first began years ago is still swelling, with Eli Lilly earmarking approximately $1.25 billion to develop new versions of the sticky molecules in collaboration with Magnet Biomedicine.

Cryoablation developer Adagio Medical lays off staff, refocuses on US study

The cryoablation devicemaker Adagio Medical has opted to pause the European launch of one of its catheters, currently in the early stages, and will instead focus efforts on obtaining approval in the U.S.

Lilly promotes ‘healthy skepticism’ toward compounded drugs in new Oscars ad campaign

Once again, Eli Lilly is using Hollywood’s biggest night as a platform to speak out on a hot-button issue in pharma.

ElevateBio gene therapy lowers levels of toxic protein in mice with Huntington's disease

ElevateBio is seeking out partnerships for its lead gene therapy after the construct reduced the levels of a toxic protein in mice with Huntington’s disease by more than 80%.

Apellis warns of Q1 growth speed bump, touts TV advertising push to grow Syfovre

During a quarterly conference call, as Apellis Pharmaceuticals discussed its plan to increase sales of GA treatment Syfovre, it stressed the importance of attracting more patients to the market, including through a DTC campaign starring Henry Winkler.

BridgeBio's KRAS-focused cancer spinout backs SPAC as path to Nasdaq

For a while, special purpose acquisition companies were biotech’s hot ticket to the public markets. While interest in this path has died down in recent years, BridgeBio’s former cancer unit thinks it could work for them.

Roche, Gilead top patient groups' rankings of pharma ESG practices

Despite falling business interest in environmental, social and governance policies and outright opposition to such sustainability and ethics commitments in the U.S., company ESG practices still matter to patient groups’ perceptions of Big Pharma.

If GSK thrives in '25, CEO Emma Walmsley's pay could more than double to $27M

For GSK CEO Emma Walmsley, there was good news and bad news in the company’s annual report. While it revealed that she took a 16% pay cut in 2024, it also laid out a new compensation plan which could make her one of the highest-paid chief executives in the industry this year.

Praxis flouts phase 3 futility finding, forging ahead with tremor trial despite interim setback

Praxis Precision Medicines has been blindsided by a recommendation to stop a phase 3 essential tremor trial. Two months after Praxis CEO Marcio Souza said the chances of the trial being futile were “less than 3%,” the biotech has learnt the study looks unlikely to meet its primary endpoint at an interim analysis.

Arrowhead, Zevra fire up campaigns for Rare Disease Day 2025

Rare Disease Day 2025 triggered a flurry of pharma marketing activity, with Arrowhead Pharmaceuticals, Zevra Therapeutics and a clutch of other drug developers publishing materials to mark the event.

Eisai, Biogen's Leqembi emerges from safety reappraisal unscathed as Europe's CHMP endorses slate of new drugs and label expansions

Europe's Committee for Medicinal Products for Human Use recommended four new drugs for approval, teed up another 16 potential label expansions and—in a major win for Eisai and Biogen—reaffirmed the positive opinion on the Alzheimer’s disease drug Leqembi it first issued in November.

Chutes & Ladders—Private equity firms take over bluebird's nest

Gene therapy maker bluebird bio’s 15-year flight has landed in the nest of private equity firms Carlyle and SK Capital in a buyout that went for $3 per share. Mirati and Ipsen’s former CEO David Meek, who currently chairs Sobi, will take the reins at bluebird upon the deal’s close, which is expected to be in the first half of this year.

Fierce Pharma Asia—Eisai's US restructuring; China investigates former NMPA official; Pfizer-Summit collab

Eisai plans to lay off 121 employees in the U.S. A former deputy director of China's drug agency is under investigation by anti-corruption authorities. Pfizer has formed a clinical trial collaboration with Akeso's partner Summit Therapeutics. And more.
 
Fierce podcasts

Don’t miss an episode

Research reveals ‘ticking DNA clock’ behind Huntington’s disease

This week on "The Top Line," we hear from Steven McCarroll, Ph.D., whose research team at the Broad Institute of MIT and Harvard recently uncovered new insights into the cause of Huntington's disease.
 

Resources

Whitepaper

The Oncology Market: 2024 Year in Review

This paper reviews key developments in the oncology market during 2024 and outlines what they mean for the future.
 

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