J&J MedTech eyes $1B in sales for new buy Shockwave

Today’s Big News

Jul 17, 2024

Bayer’s Nubeqa, en route to blockbusterland, clinches 2nd win in prostate cancer subtype 


Caribou cuts NK cell therapy program, lays off 12% of staff to fund CAR-T priorities


J&J MedTech pitches Shockwave as its next billion-dollar company in Q2 earnings


Grünenthal designates $87M to update plants in Ecuador and Chile 


Roche’s $2.7B weight-loss wager delivers early oral GLP-1 win


Grail’s cancer blood test makes ground in massive U.S., U.K. clinical studies

 

Featured

Bayer’s Nubeqa, en route to blockbusterland, clinches 2nd win in prostate cancer subtype

Bayer has claimed a second pivotal trial win for its blockbuster-to-be androgen receptor inhibitor Nubeqa, looking to reach the entire space of metastatic hormone-sensitive prostate cancer.
 

Top Stories

Caribou cuts NK cell therapy program, lays off 12% of staff to fund CAR-T priorities

Eyeing up ways to keep the money flowing into 2026, the CRISPR-focused company has decided that the preclinical CAR-NK research needs to go—along with 12% of Caribou’s workforce.

J&J MedTech pitches Shockwave as its next billion-dollar company in Q2 earnings

J&J MedTech put up $7.96 billion in revenue, below analysts’ expectations for the division, to equal a 2.2% reported gain compared to the second quarter of last year.

Grünenthal designates $87M to update plants in Ecuador and Chile

German pain relief specialist Grünenthal is investing more than 80 million euros ($87 million) to update its two manufacturing facilities in South America. It is the largest outlay the company has dedicated to a manufacturing project in more than 30 years.

Roche’s $2.7B weight-loss wager delivers early oral GLP-1 win

Roche’s $2.7 billion bet on Carmot Therapeutics has delivered another early win. Participants in a phase 1 trial lost 7.3% of their body weight after taking Carmot’s oral GLP-1 prospect for four weeks, suggesting the candidate can hold its own against rival molecules from the likes of Eli Lilly and Pfizer.

Grail’s cancer blood test makes ground in massive U.S., U.K. clinical studies

Grail, now split from Illumina, is nearing the finish line in its 140,000-participant NHS study, while enrolling over 35,000 patients in the U.S.

Sanofi to more than double its workforce at Hyderabad site with $437M expansion: reports

The drugmaker plans to grow it its workforce at the site to 2,600, making it the largest of Sanofi's four global capacity centers, according to reports.

Novo Nordisk explores a family tree to explain genetic roots of obesity in new social media clip

Novo Nordisk, the maker of weight management drugs Wegovy and Saxenda, has previously outlined a “mission to defeat obesity” by digging into its underlying biological causes, seeking to reduce stigma and, in tandem with both of those efforts, encouraging doctors and patients to view it as a disease to be treated, rather than something that can be reversed through lifestyle changes alone.

Genentech sinks SHP2 pact, leaving Relay to race thinning field

Roche’s Genentech has scuttled its SHP2 inhibitor pact, returning the rights to Relay Therapeutics after plowing more than $120 million into the alliance. The action is the latest in a series of terminations of SHP2 deals.

FDA gives another thumbs down to Orexo's nasal spray for opioid overdose

For the second time in 15 months, the FDA has rejected Orexo’s OX124 (naloxone), a nasal spray rescue treatment for opioid overdoses. In a complete response letter, the agency identified two issues with the application, including one which was “unexpected,” the Swedish drug delivery specialist said in a release.

Aslan’s dream of challenging Dupixent dies as cash-strapped biotech winds down

Aslan Pharmaceuticals had bold ambitions to challenge immunology blockbuster Dupixent, but now the cash-strapped biotech has run out of road.

American Lung Association plans to ‘BEAT’ lung cancer with biomarker test-boosting campaign

The “Biomarker, Education, Awareness and Testing (BEAT) Lung Cancer” campaign is focused on increasing awareness about biomarker testing and lung cancer screening options across the U.S. and education about why the tests are important, especially among the Black community.
 
Fierce podcasts

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Fighting maternal and infant health inequities 

In this week’s episode of “Podnosis,” Fierce Healthcare’s Anastassia Gliadkovskaya explores the topic of inequities in maternal and infant health and what one nonprofit is doing to increase transparency and accountability.
 

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The “Best Practice Organization” & Its Importance for Success in Today’s Biopharma Industry

In a complex industry like biopharma, being a “Best Practice Organization” (BPO) is essential to success. But what is a BPO & how do you build one? This eBook provides the answers.
 

Industry Events

On Helix

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

 

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