Seagen, Merck shelve $1.6B ADC program

Today's Big News

Aug 3, 2023

As sales crater, Moderna sees hope in private COVID vaccine market


Regeneron rethinks CD28 bispecific R&D plan after 2 patients die


Regeneron hopes for quick FDA decision on high-dose Eylea as Roche's rival surges


After FTC scrutiny, CooperSurgical calls off $875M deal for Cook Medical's reproductive health portfolio


Seagen, Merck put $1.6B ADC collab on the back burner citing 'emerging treatment landscape'

 

Featured

As sales crater, Moderna sees hope in private COVID vaccine market and RSV launch

The company raised its forecast for COVID-19 sales to between $6 billion and $8 billion, up from a prior estimate of $5 billion. Elsewhere, an RSV clash with pharma giants nears.
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Top Stories

Regeneron rethinks CD28 bispecific R&D plan after 2 patients die

Regeneron is rethinking development of its prostate cancer bispecific after two patients died in a clinical trial. The deaths prompted the Big Biotech to stop enrolling patients to receive REGN5678 and a full dose of its checkpoint inhibitor, but a reshaped bispecific development program is continuing.

Regeneron hopes for quick FDA decision on high-dose Eylea as Roche's rival surges

Playing catch-up with Roche in a war of eye disease treatments, Regeneron hopes to gain an FDA decision for its recently rejected high-dose Eylea in this quarter.

After FTC scrutiny, CooperSurgical calls off $875M deal for Cook Medical's reproductive health portfolio

In a brief announcement from the Federal Trade Commission, the agency said it “has learned” of the termination and described the move as “a win for patients,” adding that it came after cooperation with international antitrust regulators in Australia and the U.K.

Seagen, Merck put $1.6B ADC collab on the back burner citing 'emerging treatment landscape'

Seagen is putting a phase 2 Merck-partnered antibody-drug conjugate on the shelf for now, nearly three years after signing on to a $1.6 billion partnership for the asset.

Novo Nordisk, Eli Lilly face injury lawsuit from user of popular GLP-1 medicines

A Louisiana woman is suing Novo Nordisk and Eli Lilly, alleging that her use of Ozempic and Mounjaro caused her to vomit so much that some of her teeth have fallen out. Jaclyn Bjorklund, 44, says that she also has been hospitalized on "several" occasions and that the companies failed to warn patients of “severe gastrointestinal events” that can be caused by using the injected drugs.

Bristol Myers, BeiGene end legacy Celgene deal with settlement years after China ban

Back in 2020, a surprise manufacturing shortfall led to an import ban of Bristol Myers Squibb’s Abraxane, sold by BeiGene, in China. Legal finger-pointing ensued, and now the two companies have decided to scrap their three-drug partnership altogether.

Ceribell’s brain monitor lands FDA clearance, CMS coverage for detecting hidden seizures

According to the former Fierce 15 winner, the agency’s green light makes the headset and its ClarityPro ICU monitoring software the first device to help diagnose electrographic status epilepticus.

Intellia fills gene editing trial outside US after FDA request for preclinical fetal data

Intellia has patients lined up in the U.S. for a phase 2 trial of a CRISPR-based treatment in hereditary angioedema, but the FDA has thrown down a roadblock over a request for a new preclinical test of the therapy’s impact on a developing fetus.

Bavarian Nordic locks up $120M BARDA deal to replenish US stock of smallpox, mpox vaccine

The U.S. Biomedical Advanced Research and Development Authority is handing Bavarian Nordic a new $120 million contract, primarily to cover the production of new bulk vaccine product.

Small biotech ends stealth mission to conduct gene edits without triggering immune system

Gene editing biotech NeuBase Therapeutics is stopping program development and looking for a sale after its board of directors voted to close up shop and seek strategic alternatives.

FDA broadens green light for Etiometry's AI algorithm to spot CO2 risk in NICU

Nearly four years after securing its initial clearance from the FDA, an algorithm designed to watch for signs of hypercapnia in children in intensive care has broadened its scope.
 
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