Google Ventures-backed Encoded lays off staffers

Today's Big News

Jun 13, 2023

Biogen refreshes board as chairman departs, adding a Langer while leaving 2 empty seats


FDA label update eases access to Inspire’s sleep apnea implant


GV-backed Encoded lays off 10% of staff nearly 3 years after $135M series D


After Albireo buyout, Ipsen's Bylvay picks up new FDA-approved use

 

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Biogen refreshes board as chairman departs, adding a Langer while leaving 2 empty seats

Biogen has taken a step to “significantly refresh” its board of directors, departing chair Stelios Papadopoulos, Ph.D., said. But the reported romantic relationship between a new nominee and a departing member raises questions about one appointment.
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Top Stories

FDA label update eases access to Inspire’s sleep apnea implant

Inspire Medical Systems has won an expanded label from the FDA for its eponymous medical device for obstructive sleep apnea (OSA) that should expand the number of people it can be used to treat.

GV-backed Encoded lays off 10% of staff nearly 3 years after $135M series D

Encoded Therapeutics is laying off almost 10% of its staff, nearly three years after raising a $135 million series D backed by GV, formerly Google Ventures. The company's lead asset is a gene therapy aimed at treating Dravet syndrome.

After Albireo buyout, Ipsen's Bylvay picks up new FDA-approved use

After Ipsen made a splash at this year's J.P. Morgan Healthcare Conference by scooping up liver disease specialist Albireo, the centerpiece of the buyout, Bylvay, has won a coveted label expansion.

Booted by Big Pharma, Turnstone asks public investors to fund early-phase cell therapy trials

Turnstone Biologics is about to show whether public investors have regained their appetite for high-risk, high-reward programs. Having lost deals with AbbVie and Takeda, and shrunk its head count, the biotech has filed for an IPO to fund early-phase development of tumor-infiltrating lymphocytes (TILs).

With Iveric Bio buyout, Astellas CEO Naoki Okamura acted on the company's mantra to be 'aggressive'

Astellas’ new CEO Naoki Okamura didn’t waste any time in carrying out the company’s new mantra to be “aggressive” in its attempts to achieve growth. Less than a month into his tenure, Astellas made its largest acquisition in company history, buying Iveric Bio for $5.9 billion.

Salvation or 'death warrant'? Erytech's war with activist investor rumbles on as merger vote nears

The war of words between Erytech and an activist investor trying to stall the long-planned merger with Pherecydes has reignited this week, with both sides firing off stinging press releases.

Merit Medical Systems ramps up offerings with $132M in acquisitions

Merit Medical Systems has spent $132.5 million in the last few days to ramp up its presence in the hemodialysis device market, adding a range of catheter and sealant products it reckons will add around $33 million a year to its top line.

RSV vaccine awareness low among older adults, but majority would ask their doc about new shots: survey

Most older adults aren’t aware of RSV vaccinations, but most would talk to and accept recommendations about these shots from their doctors.

Alladapt's 15-allergen drug desensitizes kids to multiple foods, teeing up pivotal program

Alladapt Immunotherapeutics has delivered early clinical evidence that it can desensitize multiple food allergies with a single oral immunotherapy. The phase 1/2 clinical trial reported dose-dependent changes in recipients of the multi-allergen candidate, encouraging Alladapt to plot a late-stage program.
 
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