$401M couldn't save ElevateBio from layoffs

Today’s Big News

Oct 26, 2023

Pfizer, BioNTech prep flu-COVID mRNA combo shot for phase 3, reprising Moderna race after seeing early data


Merck hopes internal ADC work will see the clinic in the 'next couple years' 


Despite one of biotech’s biggest fundraisings of the year, ElevateBio cuts 13% of staff 


Lilly to help BioAge test muscle regeneration therapy in combo with weight loss drug tirzepatide 


Alnylam, Biogen silence genes, building noise behind data on new approaches to Alzheimer's


Triveni raises $92M for I&I pipeline after Modify, Amagma merger


Lupus Therapeutics, AbbVie partner for phase 3 trials of upadacitinib in SLE

The Top Line Podcast: Don’t miss out on the newest episode. Listen now.

 

Featured

Pfizer, BioNTech prep flu-COVID mRNA combo shot for phase 3, reprising Moderna race after seeing early data

The race is on. Again. Having already gone up against Moderna in COVID-19 and influenza, Pfizer and BioNTech have now followed their recurring rival in reporting early-phase data on a mRNA combination vaccine against both pathogens—and in outlining plans to start a pivotal trial.
 

Top Stories

While stacking on deals, Merck hopes internal ADC work will see the clinic in the 'next couple years'

Much of the fervor around Merck & Co.’s work with antibody-drug conjugates has centered on partnerships, namely the most recent $4 billion collaboration announced last week with Daichii Sankyo.

Despite one of biotech’s biggest fundraisings of the year, ElevateBio cuts 13% of staff

Even with $401 million in the bank—thanks to one of the year’s largest biotech fundraisings—ElevateBio is still shaving off some pre-clinical work resulting in layoffs that will affect 13% of the workforce.

You Need to De-Risk Your Clinical Trials with Independent Experts

The FDA and EMA recommend EACs and DMCs be independent from sponsors and CROs. Our industry expert shares how and when to select the right EAC providers and more to de-risk your clinical trials.

Lilly to help BioAge test muscle regeneration therapy in combo with weight loss drug tirzepatide

BioAge Labs has garnered the support of Eli Lilly to run a trial testing a muscle regeneration therapy in combination with the Big Pharma’s tirzepatide for healthier weight loss.

Alnylam, Biogen silence genes, building noise behind data on new approaches to Alzheimer's

Is gene silencing the future of Alzheimer’s disease treatment? Alnylam and Biogen presented first drafts of their answer to that question this week by publishing early-phase data on their respective RNAi and antisense approaches to treating the neurodegenerative disease.

Triveni raises $92M for I&I pipeline after Modify, Amagma merger

Triveni Bio, the product of a merger between Amagma Therapeutics and Modify Therapeutics, has unveiled with $92 million and a lead preclinical antibody program targeting eczema and asthma.

Lupus Therapeutics, AbbVie partner for phase 3 trials of upadacitinib in SLE

Lupus Therapeutics, a clinical research affiliate of the Lupus Research Alliance, inked a partnership deal with AbbVie to help run phase 3 trials for the drugmaker’s upadacitinib treatment in systemic lupus erythematosus.

Eisai, Biogen's injectable Leqembi clears toxic protein in Alzheimer's disease. What about safety?

Eisai and Biogen have trotted out data for a subcutaneous version of the Alzheimer’s disease drug Leqembi. The self-injected version showed an encouraging efficacy result but a seemingly increased risk of ARIA, which analysts said shouldn't be too much of a concern.

TCT: Boston Scientific’s drug-coated coronary balloon outperforms typical uncoated angioplasty

The company described the trial as the first in the U.S. to examine the use of a drug-coated balloon to clear coronary stents that have become obstructed over time.

Merck raises revenue guidance thanks to a surprising bump from COVID-19 pill Lagevrio

It’s been grounded in Europe and reduced to irrelevancy in the U.S., but Merck’s COVID-19 pill Lagevrio somehow remains a force. The antiviral treatment racked up sales of $640 million in the third quarter, shocking analysts who figured it would generate $120 million. As a result, Merck has jacked up its 2023 revenue forecast.

More than twice as many healthcare workers report harassment in 2022 than in 2018, CDC finds

Survey data outlining healthcare workers' worsening mental health and workplace difficulties come alongside new calls for action from the CDC and AMA.

Bristol Myers' incoming CEO plots turnaround for struggling new launches

On outgoing chief executive Giovanni Caforio’s last earnings call, Bristol Myers Squibb had some tough questions to answer about a roster of underperforming new products. But according to CEO-elect Chris Boerner, it’s a question of “when, not if” those drugs rise to meet expectations.
 
Fierce podcasts

Don’t miss an episode

Leqembi's full approval and the future of Alzheimer's treatment

In this episode of "The Top Line," Fierce's Fraiser Kansteiner engages in a conversation with Alexander Scott, senior vice president of integrity at Eisai, to discuss the full approval of Leqembi and what it means for Eisai and, most importantly, for Alzheimer's patients.

 

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Biology Informatics Solutions Brochure

From Assay Development Through Large Molecule Development. Streamline your R&D workflows and gain valuable insights with our Biology Solutions Brochure. Download now to discover how to control your laboratory workflows across various assay techniques, modalities, and data types.
 

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