Lady Gaga's Nurtec post earns EU ire

This Week

Apr 19, 2024

SPECIAL REPORT—The top 20 pharma companies by 2023 revenue 


Genentech axes Adaptimmune cell therapy deal as it presses ahead with staff cuts 


Pfizer's academic-partnered R&D unit is scrapped as part of cost-cutting measures 


Lady Gaga's Instagram post about latest Pfizer Nurtec ODT ad earns EU ire: Politico


AstraZeneca cries havoc over CKD's hit on economies, environment


Regeneron builds new venture arm with $500M commitment to invest in biotech and beyond


PacBio plots budget cuts after DNA sequencing revenue shortfalls 


J&J CEO says M&A strategy 'will continue' after medtech megadeals

 

Featured

The top 20 pharma companies by 2023 revenue

2023 was all about diabetes and obesity drug sellers Novo Nordisk and Eli Lilly posting huge revenue gains as they were the only companies in the biopharma industry with double-digit gains. At the other end of the spectrum, sellers of COVID products saw dramatic decreases in revenue as Pfizer, the top revenue drugmaker in 2022, had a 41% decrease, while Moderna and BioNTech tumbled out of the top 20.
 

Top Stories

Genentech axes Adaptimmune cell therapy deal as it presses ahead with staff cuts

In the same week that Genentech confirmed it's cutting 3% of its staff, the Roche subsidiary has terminated a cell therapy partnership with Adaptimmune Therapeutics worth up to $3 billion.

Pfizer's academic-partnered R&D unit is scrapped as part of cost-cutting measures

Pfizer's 2023 cost-cutting wave swept up a specific R&D team that worked closely with academics to swiftly develop new medicines. A company spokesperson confirmed that Pfizer has closed labs associated with the Centers for Therapeutic Innovation.

Lady Gaga's Instagram post about latest Pfizer Nurtec ODT ad earns EU ire: Politico

After Lady Gaga shared her latest commercial for Pfizer’s migraine medication Nurtec ODT on Instagram earlier this week, many of her fans flocked to the comments section to criticize her partnership with the Big Pharma. But they’re not the only ones who have a bone to pick with the superstar.

AstraZeneca cries havoc over CKD's hit on economies, environment

AstraZeneca is sounding the crisis klaxon after spotting an “urgent and growing” global health situation that has “profound economic and environmental implications.” The drugmaker made the comments in response to forecasts of the impact of chronic kidney disease through 2032.

Regeneron builds new venture arm with $500M commitment to invest in biotech and beyond

Regeneron is joining its pharma peers, launching its own venture capital wing. The New York pharma plans to commit $100 million annually for the first five years.

PacBio plots budget cuts after DNA sequencing revenue shortfalls

The preliminary first-quarter earnings report is a dour departure from the high notes heard earlier this year after PacBio posted 56% annual growth following two new platform launches.

J&J CEO says M&A strategy 'will continue' after medtech megadeals

After setting up more than $30 billion in medtech M&A spending within less than two years, Johnson & Johnson CEO Joaquin Duato said that trajectory will continue as the company looks to latch on to long-term growth.

Eli Lilly's tirzepatide scores again, this time in 2 sleep apnea trials

In addition to their acclaimed efficacy against diabetes and obesity, GLP-1 drugs are gaining traction for their potential to treat a variety of other common disorders. Now, two trials have shown that Eli Lilly’s weight loss product Zepbound (tirzepatide) can help patients overcome obstructive sleep apnea (OSA).

Pfizer, BioNTech win pause in patent infringement case from rival Moderna

In a docket entry dated Friday, Massachusetts federal judge Richard G. Stearns granted a stay on Moderna's COVID-19 vaccine patent infringement lawsuit against Pfizer and BioNTech. The move will give the Patent Trial and Appeal Board more time to review challenges against two of the three relevant patents in the litigation.

CSL Behring shuts down filling department, lays off 65 staffers at major Illinois manufacturing site

The filling department closure comes as part of a regulatory commitment, a spokesperson said. The site in Kankakee County, Illinois, has been active for 70 years and employs around 1,500 workers.

Startup SelSym hopes to control bleeding with squishy synthetic platelets

SelSym's "biomaterials approach" to developing synthetic platelets appears to have paid off so far, with successful results in mice, rats and pigs. The preclinical studies will likely be part of an investigational new drug application with the FDA.
 
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Deep dive: Biopharma layoffs in Q1

Using data from Fierce Biotech's layoff tracker, Gabrielle Masson and Max Bayer analyze the trends of layoffs in the first quarter of 2024, comparing them to previous years.
 

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April ‌10-11, ‌2024

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

 

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