Inari nabs LimFlow for $415M

Today’s Big News

Nov 2, 2023

Buoyed by GLP-1 stars, Novo's sales soar in Q3. Will manufacturing prove a long-term hurdle?


Bancel suggests Moderna could be open to out-licensing if sales struggle


Blood-clot buster Inari snatches up limb-saving implant maker LimFlow for $415M


Eli Lilly 'aggressively planning' manufacturing expansions, CEO says, as Mounjaro soars


3D spatial omics profiler Stellaromics scores $25M series A


Lilly's obesity portfolio in 'all-of-the-above mode'


BioMarin’s longtime CEO Jean-Jacques Bienaimé hands the reins to Genentech’s Alexander Hardy

 

Featured

Buoyed by GLP-1 stars, Novo's sales soar in Q3. Will manufacturing prove a long-term hurdle?

Ever since Novo Nordisk won FDA approval for its GLP-1 weight-loss med Wegovy more than 2 years ago, analysts and investors have been keeping a close eye on the blockbuster drug launch. Now, Novo's third-quarter financial results bring the situation into clearer focus.
 

Top Stories

Stéphane Bancel suggests Moderna could be open to out-licensing if sales struggle

Moderna CEO Stéphane Bancel suggested that partnerships could be on the horizon depending on future sales figures. The company has built a largely wholly-owned pipeline thanks to revenue from the initial launch of its COVID vaccine.

Blood-clot buster Inari snatches up limb-saving implant maker LimFlow for $415M

Inari Medical has signed on to a $415 million deal to acquire LimFlow, just weeks after the company received FDA approval for its minimally invasive approach to re-establish oxygenated blood flow in the legs of people potentially facing amputation.

Eli Lilly 'aggressively planning' manufacturing expansions, CEO says, as Mounjaro soars

As strong demand continues to push Mounjaro sales to new highs, Eli Lilly CEO David Ricks said the company is "not done with" manufacturing expansions.

3D spatial omics profiler Stellaromics scores $25M series A

The startup aims to provide a view into the workings of tissue and chart out cellular maps for a better understanding of organ function and disease.

Lilly's obesity portfolio in 'all-of-the-above mode'

Eli Lilly is in an “all of the above mode” in obesity, with the research teams moving as fast as possible to advance an oral candidate and build a portfolio of complimentary treatments.

BioMarin's longtime CEO Jean-Jacques Bienaimé hands the reins to Genentech's Alexander Hardy

BioMarin lured Genentech's CEO Alexander Hardy to take over upon Jean-Jacques Bienaimé's upcoming retirement after 18 years at the helm.

With first microbiome drug approved, Seres slims R&D efforts and workforce

After securing the first-ever approval for an oral microbiome therapy in April, Seres Therapeutics is facing some tough choices, resulting in a restructuring that will claim 41% of staff.

Regeneron touts launch of high-dose Eylea in battle with Roche's Vabysmo

After gaining FDA approval for its high-dose Eylea, Regeneron racked up $43 million in sales in the U.S. over the final six weeks of the third quarter for the new formulation. Regeneron and partner Bayer are battling Roche's Vabysmo in the treatment of multiple eye diseases.

Rani and Sangamo jettison staff, offices and assets to keep businesses afloat next year

Rani Therapeutics and Sangamo Therapeutics have become the latest biotechs to significantly shrink their workforces in order to eke out cash for another year.

Locanabio seeks new homes for genetic medicines as it winds down operations

Locanabio will close up shop by the end of the year as a tough market for biotechs claims another company that had been working on developing RNA medicines for rare diseases such as Duchenne muscular dystrophy.
 
Fierce podcasts

Don’t miss an episode

A look at FDA’s Aduhelm approval and 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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Understanding the hidden value of quality

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