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Takeda defends Alzheimer's pact, TYK2 potential as restructuring is in 'full...
In its quarterly update on Wednesday, Takeda executives said the Japan-based pharma giant’s $900 million restructuring is in “full swing” as the pipeline has been reconfigured to focus on late-stage...
View ArticleHumana is still struggling with high medical costs as new CEO Jim Rechtin...
(This story is from our new Health Tech newsletter. If you’d like to sign up, just click here.) Humana said Wednesday that higher-than-expected medical costs haven’t let up and are likely to continue...
View ArticleALX Oncology continues its CD47 quest, revealing Phase 2 gastric cancer data
ALX Oncology released topline results from a Phase 2 gastric cancer trial, building on an interim readout from late last year that left a glimmer of hope alive for the CD47 space. The experimental...
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Judge rejects Novo Nordisk's IRA case as pricing negotiations conclude
A New Jersey federal judge has sided with the federal government in Novo Nordisk’s lawsuit against the Inflation Reduction Act, another in a string of legal victories for the law. Zahid Quraishi Judge...
View ArticleAfter norovirus vaccine's trial failure, HilleVax lays off 40% of staff
Boston biotech HilleVax said Wednesday that it will let go about 41 employees, or roughly 40% of its staff, after its lead vaccine failed a mid-stage test earlier in July. The Takeda spinout’s share...
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Teladoc records $790M charge, withdraws outlook as mental health business...
(This story is from our new Health Tech newsletter. If you’d like to sign up, just click here.) Teladoc Health on Wednesday reported a steep loss in the second quarter, thanks to a $790 million...
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Sage changes main endpoint in Huntington's study months ahead of readout
Sage Therapeutics is altering the primary endpoint of a Phase 2 study for its drug candidate dalzanemdor in cognitive impairment associated with Huntington’s disease, just months before trial results...
View ArticleOtsuka makes $800M acquisition of Jnana Therapeutics to expand small molecule...
Otsuka Pharmaceutical is paying at least $800 million to acquire Jnana Therapeutics, a Roche-partnered small molecule drug discovery outfit ready to put its first candidate into a pivotal trial next...
View ArticleEli Lilly’s Zepbound reduces risk of heart failure outcomes in Phase 3 study
Eli Lilly has declared victory in the first late-stage trial testing tirzepatide’s effect on cardiovascular outcomes, as it looks to catch up with Novo Nordisk and solidify its lead over newer entrants...
View ArticleRare disease biotech raises $47M Series C, plans for Phase 2 trial
Cambridge, UK-based Healx has pulled in $47 million in a Series C round and has nabbed IND clearance from the FDA to run its first Phase 2 clinical trial with an oral drug in neurofibromatosis type 1,...
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It took more than two decades for MDMA to reach the FDA. In two months, its...
Lykos Therapeutics had planned to be the first company to bring PTSD patients a much-needed new treatment. Then in May, an influential outside group raised serious concerns about how its trial was run....
View ArticleUS sales for Merck KGaA’s Bavencio impacted by Padcev/Keytruda momentum in...
Following the standing ovation for Seagen and Astellas’ Padcev in combination with Merck’s Keytruda at last year’s ESMO Congress, Merck KGaA is seeing US sales erode for its urothelial carcinoma drug...
View ArticleJim Wilson to step down from gene therapy center at UPenn, will form two new...
Gene therapy pioneer Jim Wilson will leave his academic post at the University of Pennsylvania and launch two new companies, one focused on developing rare diseases and another meant to provide...
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VC firm venBio secures $528M for ‘extremely selective’ fifth fund after...
San Francisco-based investment firm venBio plans to back about a dozen new biotech startups over the coming three years with its latest fund, disclosed Thursday morning. Aaron Royston The firm...
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AbbVie closes $8.7B Cerevel deal in bid to compete with Bristol Myers in...
AbbVie has received regulatory clearance to complete its $8.7 billion acquisition of neuroscience biotech Cerevel Therapeutics, the companies said Thursday. The move gives the Chicago-area pharma giant...
View ArticleWith $144M Series B, Outpace Bio beats funding goal for solid tumor cell...
Seattle startup Outpace Bio, a Lyell Immunopharma spinout using AI to design proteins for solid tumor cell therapies, has raised a $144 million Series B to gather clinical data from its first two...
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Biogen CEO sees Alzheimer's drug on right path despite tiny sales, will keep...
A year after unveiling its “Fit for Growth” restructuring effort, Biogen is on track to reverse multiple years of declining revenues, CEO Chris Viehbacher told reporters Thursday. The Cambridge,...
View ArticleSanofi pours €1.3B into new insulin manufacturing plant in Frankfurt
Sanofi is investing €1.3 billion into a new insulin production facility in Germany to help with long-term supply and add power to its European supply chain. The 36,000 square-meter facility will be...
View ArticleArbutus reduces headcount after axing HBV combo trial that features Imfinzi
Arbutus plans to lay off 40% of its staff after ending one of three ongoing midstage hepatitis B trials. The decision to cut the study — testing lead asset imdusiran plus a nucleos(t)ide analogue in...
View ArticleBlueprint ups Ayvakit guidance; Aurinia to advance autoimmune disease asset
Plus, news about Novo Holdings, Oxford Nanopore, Ionis, Valneva, LimmaTech and Bayer: Blueprint pulls in $114.1 million for Ayvakit: The company raised its net product revenue guidance to between $435...
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