Helping you make wiser investment decisions

Pharmaceuticals, health and wellness

Biogen signs on to manufacture clinical supplies for Vir’s COVID-19 antibodies

Biopharma companies across the globe are scrambling to address the novel coronavirus outbreak, which was declared a pandemic on Wednesday. Now, two of them—Biogen and former CEO George Scangos’ new company, Vir Biotechnology—are teaming up on an antibody development and manufacturing pact. Biogen and Vir have signed a letter of intent and have already started working together. The deal is still subject to final agreements, but due […]

Bristol Myers Squibb snags new liver cancer nod for Opdivo-Yervoy combo

Bristol Myers Squibb’s Opdivo-Yervoy immuno-oncology combo has had some ups and downs lately. But it can now claim a new FDA nod in pretreated liver cancer. The Opdivo-Yervoy regimen is now FDA-approved to treat hepatocellular carcinoma patients who have previously received Bayer’s standard-of-care Nexavar, Bristol said Wednesday. Because the FDA doled out the indication under […]

Takeda’s Ninlaro swings and misses in newly diagnosed myeloma

Just one day after Bristol Myers Squibb said its Empliciti had failed a multiple myeloma trial that could have widened its market, Takeda revealed Ninlaro had suffered the exact same fate. In a study of previously untreated patients ineligible for stem cell transplant, adding Ninlaro to a combination of Celgene’s Revlimid and steroid dexamethasone didn’t […]

Global biopharma supply chain holding together for now: Vertex, Lilly, Recipharm and others update patients 

Biopharma companies are keeping a close eye on supply chains as the COVID-19 epidemic has expanded from China putting production in other countries at risk. So far the backbone of the industry appears to be holding, but not without some strains. As Italy moved to quarantine an area with 16 million people, CDMO Recipharm today […]

Big Pharma grounds employees: GSK, Bristol, Roche, Sanofi and more limit travel due to coronavirus

Biopharma companies are hunkering down as the COVID-19 epidemic breaks out worldwide. In a FiercePharma survey of biopharma companies late last month, most drugmakers said they were simply limiting travel to hard-hit countries such as China, South Korea and Italy. Now, as more cases pop up across the U.S., Europe and Asia, their tone has shifted. GlaxoSmithKline has “instructed all employees […]

AstraZeneca’s Imfinzi records double bladder cancer failure, endangering first nod and dual-IO case

It’s one of those trials that bear some weight: It was meant to confirm a med’s first-ever approval, and industry watchers were looking for clues to assess the chance of future success. But in the case of AstraZeneca’s Imfinzi in bladder cancer, the immunotherapy has failed. On Friday, AstraZeneca said Imfinzi, given alone and in […]

Biogen cracks down on travel after 3 execs test positive for coronavirus

The novel coronavirus has hit home at Biogen, where three executives who traveled to a headquarters management meeting have tested positive for the illness. At last week’s meeting, a “number of attendees reported varying degrees of flu-like symptoms,” the company said in a statement reported in numerous publications. Some have confirmed influenza, while, so far, three […]

Hikma halts production of pain drug because of ‘gelatinous particles’ in vials

Hikma’s U.S. operation has stopped production of an injected pain drug as it figures out how to fix an issue that has resulted in black, oily and gelatinous particles in some vials of the drug. The drugmaker made the disclosure as it extended its recall to the retailer and medical facilities.  The voluntary recall of […]

Pfizer adds Coca-Cola, GE vets to board to help navigate post-Upjohn growth

Pfizer and Mylan, nearing the finish line on their planned generics megamerger, have shuffled their leadership teams in anticipation of the new company coming online. After announcing it would move two of its directors into leadership roles at the merger, Pfizer is bringing on two corporate vets to help lead during a period analysts say could be […]

Eli Lilly says its drug supply, including insulins, are safe from COVID-19 for now 

Eli Lilly, one of the major producers of insulin for the U.S., reassured consumers and the market today, saying it does not expect any shortages of its products as the COVID-19 outbreak spreads around the world.   It pointed out that it does not get the active pharmaceutical ingredients for any of its approved medicines from China, […]

Testing lab challenges FDA findings that carcinogens in metformin do not exceed acceptable levels

As questions about suspected carcinogens in drugs continue to roil the supply chain, the FDA last month said its testing of metformin did not find any with unacceptably high levels of NDMA. But testing laboratory Valisure has challenged those findings in a new Public Citizen petition, saying it discovered problems in 42% of the batches […]

Former Sanofi CEO Brandicourt takes board seat at RNAi therapy maker Alnylam

When former Sanofi CEO Olivier Brandicourt handed the reins to Paul Hudson in June, it marked a turning point after a tumultuous period at the French drugmaker. Now eight months out of a job, Brandicourt is now taking a boardroom seat at a much younger drugmaker with the opportunity for big growth in the coming […]