Philips' first profit in over a year

Today's Big News

Jul 24, 2023

Pfizer, FDA work to ease shortage concerns as tornado relief efforts pick up at NC injectables plant 


Gilead’s $4.9B CD47 bet faces latest setback as company cans MDS ambitions for magrolimab 


Philips ekes out a profit for the first time in over a year, though orders continue to drop


Roche signs onto Alnylam’s mid-stage hypertension med for $310 million upfront 


After consumer split, Johnson & Johnson plans to drop 80% of Kenvue stake through exchange offer

 

Featured

Pfizer, FDA work to ease shortage concerns as tornado relief efforts pick up at NC injectables plant

Pfizer on Friday said it kicked off “immediate efforts” to provide relief and repair to the damage caused to its manufacturing facility in Rocky Mount, North Carolina. It noted crews are working around the clock to restore power, assess the structural integrity of the building and to relocate finished medicines to nearby sites for storage.
11-14
Sep
Philadelphia, PA
 

Top Stories

Gilead’s $4.9B CD47 bet faces latest setback as company cans MDS ambitions for magrolimab

Gilead’s $4.9 billion bet on Forty Seven has run into further trouble, with the Big Pharma pulling the plug on its myelodysplastic syndromes (MDS) ambitions for the lead CD47 asset from that deal in the face of a disappointing phase 3 trial.

Philips ekes out a profit for the first time in over a year, though orders continue to drop

It’s been a long, uphill battle, but Philips may finally be regaining its financial footing.

Roche signs onto Alnylam’s mid-stage hypertension med for $310 million upfront

Roche is betting more than $300 million in immediate cash that Alnylam's phase 2-stage hypertension med is a winner. Roche will have exclusive ex-US rights to the drug and both companies will co-commercialize and share profits inside the US.

After consumer split, Johnson & Johnson plans to drop 80% of Kenvue stake through exchange offer

Leveraging a stock exchange offer—also known as a split-off—J&J aims to reduce its stake in Kenvue by roughly 80%, the company said Monday. Under the exchange offer, which is expected to be tax-free, J&J shareholders may exchange all, some or none of their common stock for Kenvue shares, J&J said.

With updated FDA nod, BD aims to revive beleaguered Alaris infusion pumps

Since early 2020, BD’s Alaris infusion pump systems have received more than half-a-dozen Class I hardware and software recalls, a handful of cybersecurity warnings and a years-long distribution hold. But with a newly bestowed FDA clearance, the company hopes to get the system back on track.

Teva expands Alvotech collab with 2 more biosims, increased manufacturing oversight and a $40M investment

After Teva and Alvotech's proposed Humira biosimilar suffered a second FDA rejection because of issues at Alvotech's manufacturing plant, Teva is pledging increased involvement at the plant. The pair will also add two more biosimilar prospects to their deal.

Amgen’s lupus bets continue to flounder, even those on the Horizon

Amgen's difficult streak of lupus candidates persisted after Horizon's mid-stage asset failed a phase 2 trial. The newly-acquired company is continuing to study daxdilimab in other forms of the condition as well as alopecia.

Centaur Pharmaceuticals slapped with FDA warning letter outlining quality, cleaning lapses

In a warning letter published late last week, the FDA chided Centaur for production shortfalls found during a November 2022 inspection of the company’s Maharashtra, India, drug ingredients plant. The rebuke centered on just two observations about quality deficiencies and lapses in cleaning protocols. The latter problem carried the risk of API contamination, the FDA said.

Galen Robotics nets FDA de novo clearance for ENT surgery helper

The motorized ES system helps stabilize the surgeon’s direct manual control of their instrument, with the goal of reducing natural hand tremors.

AstraZeneca enlists SK Chemicals to produce diabetes combo drug Sidapvia

SK Chemicals of Korea has signed a deal with AstraZeneca to manufacture type 2 diabetes drug Sidapvia through the rest of the decade, according to a regulatory filing. Sidapvia was approved in Korea last month.

Heron lays off 25% of employees and renegotiates vendor contracts to save money

Heron Therapeutics is going through its second round of layoffs in 13 months, resulting in a 25% reduction of the team. The company is right-sizing its expenses due to rising costs in comparison to sales.
 
Fierce podcasts

Don't miss an episode

'The Top Line': Digital phenotyping, plus this week's headlines

This week on "The Top Line," we discuss the state of digital phenotyping, plus the vaccine patent lawsuits, the smallest insulin pump, and the rest of the week's headlines.

 

Resources

Webinar

Novel Antibodies for the Characterization of CAR-T Cells

Download this webinar to learn how to avoid pitfalls when characterizing CAR-T cells in your development workflow, how to save time by using one antibody to examine your entire panel of CARs, and more.
Whitepaper

Improving the Patient Experience Through Research-Driven Design

Learn more about the current challenges and issues that eClinical technology providers are facing.
Research

Develop a cost-effective cGMP chemical sourcing strategy

The right sourcing strategy can help save of millions of dollars—learn about developing a strategy for sourcing the cGMP chemicals critical to your processes.
Whitepaper

Discovering High-Affinity, Functional Anti-GLP-1R Antibodies

Learn how a GPCR-focused library with a cell-based biopanning strategy led to the discovery of 13 high-affinity and selective anti-GLP-1R antibodies with highly developable therapeutic properties.
eBook

Medical Affairs Metamorphosis

This eBook identifies the trends driving major change in the Medical Affairs (MA) function. It also outlines the strategic and tactical implications for MA leaders and team members.
eBook

6 Tools Trial Sponsors Need to Take Action Earlier in Enrollment

Take a look at the reporting tools sponsors need to access insights earlier in the clinical trial enrollment funnel, so you can take informed actions.
Whitepaper

Enhance the cost-effectiveness of your GMP chemical supply chain

Learn how to develop a high-performing supply chain for cGMP chemicals used throughout your bioprocessing workflows.
 

Industry Events

 

Upcoming Fierce Events

11-14
Sep
Philadelphia, PA
13
Sep
Philadelphia, PA
19-21
Sep
Virtual Event
26-28
Sep
Philadelphia, PA
5-6
Oct
San Diego, CA

View all events