BMS, Bayer and Cepheid lay off staffers

This Week

Aug 9, 2024

Introducing Fierce Biotech's 2024 Fierce 15 


3 Big Pharma companies, 33 phase 3 trials: The race for supremacy in an ADC field 


Bristol Myers telegraphs layoffs in New Jersey, trimming 117 jobs in staggered wave of cuts 


Vir gains T-cell engagers from Sanofi, loses 25% of staff in another pipeline switch-up


Fierce Biotech's Gabrielle Masson presents Fierce 15 at NYSE 


FDA signs off on Adaptimmune's Tecelra as the first engineered cell therapy for a solid tumor 


Bayer's transformation gathers steam as its job cut total reaches 3,200 this year 


Testmaker Cepheid to cut more than 600 jobs at Silicon Valley headquarters

 

Featured

Introducing Fierce Biotech's 2024 Fierce 15

This year's Fierce 15 features companies pushing the envelope in the lab, clinic and boardroom.
 

Top Stories

3 Big Pharma companies, 33 phase 3 trials: The race for supremacy in an ADC field

On June 14, Merck & Co. posted a new entry on ClinicalTrials.gov. The study marked the 10th global phase 3 trial that the New Jersey pharma has logged for its Kelun Biotech-partnered ADC, sacituzumab tirumotecan, in about eight months. And Merck isn’t finished.

Bristol Myers telegraphs layoffs in New Jersey, trimming 117 jobs in staggered wave of cuts

Bristol Myers Squibb, while working its way through a major restructuring, has unveiled another round of layoffs in its home state of New Jersey.

Vir gains T-cell engagers from Sanofi, loses 25% of staff in another pipeline switch-up

The “strategic restructuring” is designed to push more resources into Vir’s hepatitis programs “and focus on the highest near-term value opportunities,” the biotech explained.

Fierce Biotech's Gabrielle Masson presents Fierce 15 at NYSE

Fierce Biotech Associate Editor Gabrielle Masson presented the 2024 class of Fierce 15 winners on the floor of the New York Stock Exchange on Wednesday.

FDA signs off on Adaptimmune's Tecelra as the first engineered cell therapy for a solid tumor

Adaptimmune has won accelerated FDA approval for Tecelra (afami-cel), a treatment for metastatic or unresectable synovial sarcoma which becomes the first engineered cell therapy for a solid tumor and the first new treatment in the indication in more than a decade.

Bayer's transformation gathers steam as its job cut total reaches 3,200 this year

Bayer’s transformation under CEO Bill Anderson has picked up momentum. In reporting second-quarter earnings on Tuesday, the company revealed it has cut 3,200 jobs since the start of this year. That number includes the 1,500 staffers the company said it laid off in the first quarter.

Testmaker Cepheid to cut more than 600 jobs at Silicon Valley headquarters

Testmaker Cepheid plans to eliminate 626 staff positions at its Sunnyvale, California headquarters by September 27, according to a regulatory filing.

Novo Nordisk axes once-monthly GLP-1/GIP agonist and MASH prospect

Novo Nordisk has axed its once-monthly dual GLP-1/GIP receptor agonist, ending development of a drug candidate that it singled out as an exciting part of its pipeline earlier this year.

Genentech, ADA plot program to improve diabetes-related eye health in underserved D.C. communities

Genentech and the American Diabetes Association have a vision of a world with more equitable access to eye health care for all people with diabetes.

Elon Musk says Neuralink implanted its brain-computer chip in 2nd patient

Neuralink has implanted its device in a second patient, according to the startup's owner Elon Musk.

Incyte finds fun in pharma ad fatigue in self-deprecating Opzelura TV spot

Incyte is asking viewers to imagine a drug ad that provokes more excitement than eye rolls. Attaching a self-deprecating opening to an Opzelura TV spot, the biotech serves up a typical pharma ad while having a little fun with the responses such commercials can provoke.

Vertex, beaten by rare disease again, drops 2 assets on growing discard pile

Vertex’s attempt to treat a rare genetic disease has hit another setback. The biotech tossed two more drug candidates onto the discard pile in response to underwhelming data but, following a playbook that has worked in other settings, plans to use the missteps to inform the next wave of preclinical prospects.

Novo Nordisk pulls its FDA heart failure submission for Wegovy, will reapply early next year

Novo Nordisk’s attempt to gain an approval to treat heart failure patients with its obesity drug Wegovy has been put on hold. In its quarterly earnings presentation, the Danish company said that after discussions with the FDA, it has pulled its filing and expects to resubmit in early 2025.

BioNTech ends work on Genmab-partnered bispecific antibody acasunlimab

BioNTech may still claim that the bispecific antibody acasunlimab has an “encouraging” clinical profile, but the mRNA leader has opted to end its involvement and allow partner Genmab to go solo for phase 3 trials.
 
Fierce podcasts

Don’t miss an episode

What 'The Next Berlin Patient' means for HIV drug development

This week on “The Top Line,” we dive into two studies in HIV research that were presented at the 25th International AIDS Conference in Germany.

 

Resources

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2024 Life Sciences Industry Outlook

The definitive report on the state of our industry.  Readers will gain an understanding of key indicators to monitor, future predictions, and guidance for investors and founders navigating the therapeutic enabling tools and services, healthtech and techbio sectors through 2024 and beyond.
 

Industry Events

On Helix

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

 

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