๐ฌ Latest pharma industry updates ๐
๐ฎ Trump declares willingness to impose 25% tariffs on pharma starting in April.
๐ซ FDA also cuts many device and food staff, rising concerns arround timelines and staff to review innovations.
โ bluebird bio to be sold for less than $30M to Carlyle & SK, marking a subdued end to a once-pioneering gene therapy biotech.
๐ณ๏ธโ๐ U.S. pharma quietly pulls diversity references from their annual reports - BMS, J&J, and Biogen downplay or omit DEI commitments.
โ๏ธ Novo Nordisk sues KBP Biosciences claiming withheld trial data led to a failed $1.3B hypertension drug deal.
โ Otsuka scraps several oncology programs for โstrategic reasons,โ trimming its cancer pipeline.
๐ฆ U.S. avian flu crisis intensifies with nearly 158M poultry culled over 3 years, raising pandemic fears.
๐ค Stilla Technologies acquired by Bio-Rad Laboratories for up to $275M.
๐ Eli Lilly and Company licenses OliX Pharmaceuticals, Inc.โs OLX75016 (RNA therapy) for MASH and related fibrosis, with up to $630M milestones.
๐งฉ Biogen pays $165M for rights to Stoke Therapeuticsโs Dravet syndrome candidate zorevunersen (RNA therapy).
๐ Irelandโs trade surplus with the U.S. hits โฌ50B, driven by a 44% jump in pharmaceutical and chemical exports.
๐ช Solid Biosciences disclosed strong early Duchenne gene therapy data and raised $200M
๐ข GSKโs vaccine, Penmenvy, receives FDA approval for broad meningococcal protection in teens and young adults.
๐ต Europeโs life expectancy rise slows, partly due to COVID-19, plateauing gains in cardiovascular and cancer outcomes.
๐ญ Altitude Labs launches fund for biotech startups impacted by NIH budget cuts, offering $100k-$250k plus lab space.
๐ค Sanofi finalizes deal with CD&R for 50% stake in Opella.
๐ Supernus Pharmaceuticals, Inc.โ depression candidate SPN-820 disappoints in mid-stage trial; shares drop as it rethinks future with partner Navitor.
๐ BridgeBioโs ATTR-CM drug outperforms expectations, doubling prescription counts vs. Pfizerโs tafamidis.
๐ฉ U.S. infant mortality rises in states restricting abortion; notably higher among Black infants and those with congenital issues.
๐ฎ Eli Lilly and Company stocks nearly $550M worth of obesity med orforglipron pre-launch.
๐ Functionally blind man in Ireland regains sight with Spark Therapeutics, Inc.โs Luxturna gene therapy.
๐ FDA ends semaglutide shortage; compounding pharmacies lose out as Novo Nordisk supply now meets U.S. demand.
๐ค Incyte teams with Genesis on AI-driven small molecule discovery, pays $30M upfront, up to $295M in milestones.
๐๏ธ Concentra offers to buy ACELYRIN, INC., conflicting with previous proposed merger with Alumis.