Ventyx's stock sinks as psoriasis program ends

Today’s Big News

Nov 7, 2023

Vertex drops phase 2 lung therapy, rethinks DMD drug's journey toward clinic


TIGITs get another boost as Gilead-Arcus' domvanalimab scores high response in early gastric cancer data set


Even with phase 2 success, Ventyx halts TYK2 inhibitor, sending stock plummeting 70%


Preclinical Voyager med lands on planet Alexion after larger $1B Pfizer handoff


Akeso claims overall survival win for bispecific in patients with severe gastric cancer


Imbria hits safety benchmark in phase 2 heart failure test as early efficacy data buoy late-stage plans


Amgen's deCODE finds new risk factors and genes linked with clonal hematopoiesis


Fierce Biotech Fundraising Tracker '23: Blackbird Labs unveils to bolster Baltimore biotech scene; OrsoBio adds Lilly to $60M series A team

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Featured

Vertex drops phase 2 lung therapy, rethinks DMD drug's journey toward clinic

Vertex Pharmaceuticals may be looking forward to a “milestone-rich period coming up,” but one candidate will no longer be joining the biotech on its journey while another will be delayed into the clinic.
 

Top Stories

TIGITs get another boost as Gilead-Arcus' domvanalimab scores high response in early gastric cancer data set

In another sign that anti-TIGIT antibodies may yet live up to some of the hype, Gilead has unveiled preliminary data showing that its Arcus Biosciences-partnered candidate domvanalimab is effective against gastric cancers in combo with Arcus’ anti-PD-1 drug.

Even with phase 2 success, Ventyx halts TYK2 inhibitor, sending stock plummeting 70%

Sometimes even an apparently successful clinical trial may not be able to save your asset—or your stock price—once you dig into the numbers.

How digital twins help improve biomanufacturing quality and security

Digital twins can help biomanufacturing organizations spot and avoid failures that lead to costly delays. Explore this article to find out how.

Preclinical Voyager med lands on planet Alexion after larger $1B Pfizer handoff

Pfizer has handed off an AAV capsid aimed at a rare neurological disease target to AstraZeneca’s rare disease arm Alexion as part of a larger, previously announced bundle deal.

Modeling patient insights to make the most of clinical trials

Greg Lever, Director within the IQVIA Applied Data Science Center, reveals how modeling technology is being used to unlock value and enhance the experience of trial participants.

Akeso claims overall survival win for bispecific in patients with severe gastric cancer

Akeso’s bispecific antibody improved overall survival in first-line patients with severe gastric cancer or gastroesophageal junction adenocarcinoma in a phase 3 trial, acing the primary endpoint. 

Imbria hits safety benchmark in phase 2 heart failure test as early efficacy data buoy late-stage plans

Imbria Pharmaceuticals’ heart failure medicine met the safety and tolerability goals in a phase 2 trial but also improved results on a cardiopulmonary exercise test, with patients reporting other improvements in their conditions as well.

Amgen's deCODE finds new risk factors and genes linked with clonal hematopoiesis

The company reported that whole-genome sequence data from thousands of people pointed to 25 gene variants that predispose individuals to developing clonal hematopoiesis, and that a long-reported link between the condition and cardiovascular disease can be largely explained by smoking.

Fierce Biotech Fundraising Tracker '23: Blackbird Labs unveils to bolster Baltimore biotech scene; OrsoBio adds Lilly to $60M series A team

Alongside the new year, we've launched a new Fierce Biotech Fundraising Tracker to keep the pulse on the industry's financing.

As Vertex preps for exa-cel launch, exec touts 'very large' opportunity but tempers early expectations

The company says its launch preparations are "on track" ahead of the FDA's Dec. 8 decision deadline for exa-cel in sickle cell disease. If all goes as planned, Vertex will soon be able to send patients on their lengthy road to treatment.

Philips nets 2nd Gates Foundation grant for AI-guided maternal ultrasound scans

Philips aims to link AI assistance with its Lumify hand-held probe to allow midwives who may have less experience to perform pregnancy checkups.

With Amgen's biosim on the scene, J&J's Stelara looks poised to sidestep Medicare negotiations: HHS

There might just be a silver lining for Johnson & Jonhson in the FDA's recent approval of Amgen’s Stelara biosimilar. That’s because the coming entry of a cheaper copycat presents J&J with an opportunity to elude Medicare price negotiations outlined in the Inflation Reduction Act.

Hims & Hers boosts revenue outlook to $868M, expects to be profitable in early 2024

With continued strong revenue growth, Hims & Hers expects to be profitable by the first half of 2024. The digital health and wellness company boosted its revenue outlook for the year and announced a new AI-powered service to personalize treatments.

As AbbVie continues dominance, total spend on leading drug ads in October jumps to $221M

In October's top 10 drug ad spending list, AbbVie once again leads the charts with its immunology drug Skyrizi, as overall spending on the top 10 drug ads jumped to a near record high for the year.
 
Fierce podcasts

Don’t miss an episode

Exploring the promise of earlier Alzheimer's treatment

While the new Alzheimer’s disease medicine Leqembi has generated lots of buzz since its debut this year, one research team is investigating whether the medicine holds promise in preventing disease progression before any Alzheimer’s symptoms are evident. In this week's episode of "The Top Line," Fierce Pharma’s Eric Sagonowsky talks with the study lead, Reisa Sperling, M.D., to learn more. 

 

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