Praxis share price plummets

Today's Big News

Mar 3, 2023

Big Pharma regained ‘mojo’ last year, but biotech valuations remain ‘precarious’: report  


Veru’s EUA ambitions crash after FDA declines to authorize its COVID treatment 


Praxis share price halved after essential tremor fail, but biotech still plans phase 3


Aeglea's latest layoffs, pipeline cull curb spending, but cash crunch still on the cards


Targeted protein degradation improves cognition and reduces Alzheimer's brain pathology in mouse models 


Chutes & Ladders—Billy Dunn departs FDA neuroscience team after 18 years

 

Featured

Big Pharma regained ‘mojo’ last year, but biotech valuations remain ‘precarious’: report

Anyone looking for a roadmap out of the biotech bear market will take little comfort from Evaluate Vantage’s latest report. While Big Pharma valuations “regained their mojo” towards the end of last year, the outlook remains bleak for smaller-scaled drug developers.
 

Top Stories

Veru’s EUA ambitions crash after FDA declines to authorize its COVID treatment

Veru won't be receiving a EUA for its COVID treatment after all, the latest in a list of companies that missed the boat of softer regulatory waters. The company says that the FDA recommended that the company conduct a confirmatory trial, instead.

Praxis share price halved after essential tremor fail, but biotech still plans phase 3

Praxis Precision Medicines isn’t letting a midphase fail stand in the way of its plans in essential tremor. While its selective T-type calcium channel blocker failed to beat placebo on the primary endpoint, Praxis zeroed in on secondary measures and post hoc analyses to make the case for further development.

Talent, Training and Scientific Infrastructure. All in NC.

Growth in North Carolina’s life sciences has outpaced most U.S. life sciences hubs. Top talent, infrastructure, and business-friendly climate are why companies are choosing the Tar Heel state.

Aeglea's latest layoffs, pipeline cull curb spending, but cash crunch still on the cards

Aeglea BioTherapeutics’ cost-cutting drive has had limited effect on its cash runway, with the biotech still barreling toward a fourth-quarter funding showdown despite recent cuts to its pipeline and head count.

Targeted protein degradation improves cognition and reduces Alzheimer's brain pathology in mouse models

A TPD-based small molecule improved cognition and lowered pathological proteins and inflammatory cytokines in mice with Alzheimer's, suggesting the strategy might be worth pursuing.

With 2nd chance at FDA approval, BioMarin preps for hemophilia gene therapy launch in US

It's been three years since the FDA rejected BioMarin's Roctivian, but the company hasn't given up. After scoring a European nod last summer, BioMarin is marching toward a March 31 FDA decision date for its hemophilia A gene therapy.

FDA nixed Neuralink's request to begin human trial of brain implants last year: Reuters

Elon Musk said in November that Neuralink was mere months away from beginning in-human trials of its brain implant—a timeline that has now been cast into doubt.

Walmart Health plans to enter 2 new states in 2024

Walmart Health is planning to nearly double the size of its footprint by the end of 2024, including a launch in two states and expansion in existing markets.

'The Top Line': The surprising multibillion-dollar medtech megadeals

This week on "The Top Line," we discuss 2022's M&A trends in the medtech sector and the surprising multibillion-dollar megadeals. We also cover the top headlines from this week.

Fierce Pharma Asia—Samsung's deal with Pfizer; Olympus' and Dr. Reddy's M&A moves; BeiGene's growth

Pfizer inked a manufacturing contract with Samsung Biologics. Olympus is buying a Korean endoscopic device maker as Dr. Reddy's boosts its U.S. generics portfolio. BeiGene's revenue climbed nearly 100% in 2022. And more.

Chutes & Ladders—Billy Dunn departs FDA neuroscience team after 18 years

Dunn-zo would be an apt term to summarize the top employment move this week. Billy Dunn, head of the Office of Neuroscience at the FDA, is leaving after 18 years at the agency.
 
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'The Top Line': The surprising multibillion-dollar medtech megadeals

This week on "The Top Line," we discuss 2022's M&A trends in the medtech sector and the surprising multibillion-dollar megadeals. We also cover the top headlines from this week.
 

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Explore Catalent’s newest clinical supply facility in Japan, including the comprehensive services & solutions it offers to help support trials both in-country & around the world.
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Planning on using a CRO to support your next clinical study? This infographic outlines critical areas to address at the start of the relationship in order to ensure that budget and timelines keep on track for the duration of the trial.
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A Strategy to Standardize Process Characterization & Late Phase Development

Learn more on an approach for process characterization for the production of a monoclonal antibody, which will improve the efficiency and effectiveness of the process by targeting the right design and number of experiments.

 

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