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Safety Risk Sinks Cargo Therapeutics’ Cancer Cell Therapy Prospect, Leading to 50% Staff Cut

MedCity News

The post Safety Risk Sinks Cargo Therapeutics Cancer Cell Therapy Prospect, Leading to 50% Staff Cut appeared first on MedCity News. Cargo is discontinuing the study and shifting focus to a different cell therapy on track to begin Phase 1 testing in mid-2025.

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AbbVie Adds Another Alzheimer’s Prospect With $1.4B Aliada Therapeutics Acquisition

MedCity News

The post AbbVie Adds Another Alzheimer’s Prospect With $1.4B Aliada brings AbbVie an early clinical Alzheimer’s disease drug candidate as well as the platform technology that produced it. Aliada licensed its brain delivery technology from Johnson & Johnson. Aliada Therapeutics Acquisition appeared first on MedCity News.

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J&J Bolsters Its Prospects in Brain Health With $14B Buyout of Intra-Cellular Therapies

MedCity News

The post J&J Bolsters Its Prospects in Brain Health With $14B Buyout of Intra-Cellular Therapies appeared first on MedCity News. Johnson & Johnsons agreement to acquire Intra-Cellular Therapies brings Caplyta, which is projected to become a blockbuster seller across several neurological indications.

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Sanofi Expands Immunology Prospects, Acquiring Novel Bispecific Drug in $600M Deal

MedCity News

The post Sanofi Expands Immunology Prospects, Acquiring Novel Bispecific Drug in $600M Deal appeared first on MedCity News. Sanofi is building on its immunology ambitions by acquiring an early clinical Dren Bio drug candidate that offers a potential first-in-class approach to autoimmune disorders such as lupus.

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With M&A Deal, Click Therapeutics’ Digital Prospects in Metabolic Disease Get Better

MedCity News

The post With M&A Deal, Click Therapeutics’ Digital Prospects in Metabolic Disease Get Better appeared first on MedCity News. Click Therapeutics is acquiring the assets of Better Therapeutics two months after that digital therapeutics developer announced it would lay off all employees and shut down.

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Sarepta Gene Therapy Misses in Phase 3; Prospects Now Rely on FDA Flexibility

MedCity News

Analysts say prospects of the therapy, Elevidys, rest on FDA willingness to exercise flexibility it has already shown to rare disease drugmakers, including Sarepta.

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Most life sciences CEOs expect to grow their head counts over the next 3 years: KPMG survey

Fierce Pharma

On a routine basis in recent years, headlines about layoffs in the biopharma industry have surfaced as companies large and small have been cutting costs and restructuring. | The results back up the confidence the CEOs have in their companies’ growth prospects.

Biopharma 167