Updated: Judge halts NIH cuts nationwide after groups, 22 states sue
A federal court in Massachusetts temporarily blocked the Trump administration’s new cap on indirect cost reimbursements for NIH grant recipients nationwide. District Judge Angel Kelley on Monday...
View ArticleVertex operations chief Stuart Arbuckle to retire
Vertex chief operating officer Stuart Arbuckle plans to retire in July, the company announced Monday afternoon. He will be succeeded by Charlie Wagner, who will continue to be CFO in addition to...
View ArticleNovartis returns for its anticoagulant in up to $3.1B buy of Blackstone’s Anthos
Nearly six years to the day after offloading its factor XI inhibitor to Blackstone Life Sciences, Novartis is swooping up the monoclonal antibody for $925 million upfront and up to $3.1. billion total...
View Article#ASCOGU: Pfizer’s prostate cancer data leak shows promising results in...
Clinical trial results from a Phase 1 study by Pfizer leaked days before a late-breaking presentation scheduled for Thursday, showing that the drugmaker’s prostate cancer candidate cut the risk of...
View ArticleInventiva cuts pipeline, lays off nearly entire research team in bid to get...
Inventiva is trimming its pipeline and enacting layoffs in an effort to get its lead MASH drug approved, the company announced Monday afternoon. The plan will center around its MASH candidate ...
View ArticleIN8bio’s Phase 1 AML data; Layoffs at Q32 Bio and Third Harmonic
Plus, news about Arvinas and Invizyne Technologies: IN8bio’s Phase 1 data in acute myeloid leukemia: In an investigator-sponsored study, all nine patients who received the company’s allogeneic...
View ArticleWhat will pharma's share buyback shopping spree mean for M&A?
A handful of cash-rich pharma companies have announced billions of dollars in share buybacks in recent months, raising questions about their interest in transformative dealmaking this year. Eli Lilly,...
View ArticleSummer buys Caraway, as startups keep deals in the VC family
Last week, Summer Health, a provider of urgent care for kids, said it acquired Caraway Health, which offers virtual care tailored to Gen Z. The deal is another tying together two startups with the same...
View ArticleFDA puts two Chinese API makers on import alert after failed inspections
Chinese API manufacturers Wuhu Nuowei Chemistry and Chengdu Innovation Pharmaceutical have been placed on US import alert over issues with their quality control and testing methods. The import alerts...
View ArticleBiohaven gets FDA priority review for neuro disease drug after refuse-to-file
Biohaven's experimental drug troriluzole for the rare, neurodegenerative disease spinocerebellar ataxia will get a priority review from the FDA, after the company presented additional real-world data....
View ArticleTravere plans to seek expanded label for kidney drug
Travere Therapeutics said Tuesday it plans to ask the FDA for approval of its kidney drug Filspari in a rare condition known as focal segmental glomerulosclerosis, or FSGS, using a secondary endpoint...
View ArticleSpringWorks lands FDA approval for nerve tumor treatment
SpringWorks Therapeutics, a biotech potentially on the verge of being acquired, won its second FDA approval. The agency on Tuesday gave the green light to Gomekli, a treatment for adults and ...
View ArticleNew CMO Dietmar Berger highlights Gilead’s ‘unique situation’ and its HIV...
Dietmar Berger said Gilead is in a “unique situation” as he assumes the role of chief medical officer, touting a “well-diversified" pipeline, potential launches and an eight-year stretch of no major...
View ArticleBiogen gets $250M in Royalty Pharma deal for lupus program
Biogen is turning to Royalty Pharma for some cash in exchange for rights to a lupus program, the companies announced Wednesday. The two have agreed on a deal for litifilimab, an anti-BDCA2 drug...
View ArticleExclusive: Longevity startup targets renegade proteins linked to diabetes and...
The human genome is chock-full of middle managers. Roughly 2,000 proteins, accounting for one-tenth of our genes, control how the rest of our genes are turned on or off. Normally these ...
View ArticleAfter passing on M&A offers, Abcuro raises $200M in bid to become commercial...
After quickly enrolling its pivotal trial and recruiting more patients with a rare muscle disease than anticipated, Abcuro went to its board to explore a $60 million to $80 million fundraise. That...
View ArticleCerula Care raises $3.7M to support cancer patients’ mental health
Cerula Care has raised $3.7 million in seed funding to help patients better fight cancer by checking in on them, supporting their mental health and helping with practical needs such as nudges to take...
View ArticleBiogen downplays capacity for M&A; Roche’s SMA drug is approved as a tablet
Plus, news about Odyssey Therapeutics, GSK, Aligos Therapeutics, Terrain Biosciences, the Gates Foundation and Neuphoria Therapeutics: Biogen appears to back away from dealmaking projections: The...
View ArticleAbbVie pens another T cell engager deal, this time with Xilio
AbbVie and Xilio Therapeutics are partnering to make “masked” T cell engagers, which they hope will be safer than currently available options. Xilio said Wednesday the collaboration would develop new...
View ArticleAnaptysBio gets a mid-stage win for PD-1 drug in rheumatoid arthritis
AnaptysBio trumpeted a Phase 2b success in rheumatoid arthritis Wednesday morning after a similar program from Eli Lilly was discontinued late last year. Anaptys’ program, known as rosnilimab, hit its...
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