GLP-1 craze leaves oncology under the radar

Today’s Big News

Nov 1, 2023

The 2023 Biotech Graveyard


Novartis' Cosentyx beats UCB drug to finish line as first new biologic for lesser-known skin condition in years


ESMO: GLP-1s have taken over the cultural zeitgeist. 33,000 oncologists have something to say about that


Flagship launches formal AI initiative in Pioneering Intelligence


Daiichi Sankyo to absorb manufacturing units in move to leverage ADC strength

 

Featured

The 2023 Biotech Graveyard

More than 20 biotechs entered the biotech graveyard this year, spurred by a difficult financing environment. There were more than three times as many companies that closed or wound down in 2023 compared to 2022.
 

Top Stories

Novartis' Cosentyx beats UCB drug to finish line as first new biologic for lesser-known skin condition in years

The FDA approved Cosentyx for the treatment of moderate to severe hidradenitis suppurativa in adults, Novartis said Tuesday. The green light makes Cosentyx the first new biologic to treat the lesser-known skin affliction in nearly a decade.

ESMO: GLP-1s have taken over the cultural zeitgeist. 33,000 oncologists have something to say about that

If you’ve been living under a rock for the past several years, you probably still know what a GLP-1 inhibitor is—at least by brand name. But the 33,000 attendees at the European Society for Medical Oncology would like to remind you that there’s plenty of breakthroughs in cancer worthy of the same kind of fanfare.

Flagship launches formal AI initiative in Pioneering Intelligence

Pioneering Intelligence will work to kickstart new AI companies, standing alongside Flagship’s other initiatives such as Pioneering Medicines.

Daiichi Sankyo to absorb manufacturing units in move to leverage ADC strength

Japan’s Daiichi Sankyo plans to conduct an absorption-style merger of two wholly owned manufacturing companies in a bid to leverage its dominance in the antibody-drug conjugate space.

FDA advisers wave through first CRISPR-based therapy, satisfied with off-target tests

FDA advisers appear satisfied with CRISPR Therapeutics and Vertex Pharmaceuticals’ assessment of potential off-target effects from their CRISPR-based gene therapy exa-cel, quelling the top concern from the FDA as an approval deadline nears. 

Merck's Keytruda nabs FDA nod in biliary tract cancer, catching up with AstraZeneca's Imfinzi

The approval was based off of Merck's phase 3 KEYNOTE-966 trial and marks Keytruda's sixth in gastrointestinal cancers. Meanwhile, AZ's Imfinzi scored its first approval in the space last year.

US government to launch AI Safety Institute, develop standards for biotech R&D

The Biden administration is launching a federal outfit to evaluate the safety of AI, and to address its impact in healthcare, R&D and the broader societal concerns that have recently come to the fore.

GSK loses its STING as part of phase 1 cleanout

GSK has dropped its in-house STING agonist only a day after a similar drug the British Big Pharma reserved the rights was finally lifted from clinical hold limbo.

Argenx's Vyvgart gains commercial momentum in gMG as company plots expansion into new uses

Sales of Argenx’s Vyvgart increased by 151% to $329 million in the third quarter as the momentum for the treatment continues with its recent approval to be administered subcutaneously. The company also announced that it will use a priority review voucher to speed an FDA decision on an application for Vyvgart to treat a second immunoglobin G-mediated autoimmune disease.
 
Fierce podcasts

Don’t miss an episode

'The Top Line': A look at the FDA's Aduhelm approval and the potential for regulatory bias

In this episode of “The Top Line,” we delve into the FDA's controversial approval of Aduhelm, a drug for Alzheimer's disease, despite an independent advisory committee's resounding rejection. The decision has sparked questions about potential bias within the regulatory body.  
 

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