JPM26: Sanofi’s CEO Keen To Buy the Dip as Vaccine Rhetoric Impacts Short-Term Sales
Sanofi’s CEO Paul Hudson said the firm will acquire Dynavax for $2.2 billion, targeting its adult hepatitis B vaccine Heplisav‑B, as vaccine sentiment wanes under U.S. political rhetoric. Legacy vaccine sales fell 8 % in Q3 2025, prompting a long‑term focus on adult‑focused products and further M&A, including the earlier $1.6 billion Vicebio deal. Hudson highlighted a forthcoming flu‑COVID combo shot, slated for regulatory review in 2027‑28, aimed at the over‑55/65 market. He warned short‑term volatility but sees fewer competitors willing to act now.
JPM26: Gilead Captures Sunny JPM Mood With Yeztugo Numbers, HIV Vibes
Gilead’s new HIV therapy Yeztugo is gaining rapid market traction, achieving 85% payer coverage six months after its June 2025 approval and hitting the $150 million revenue target for the year. CEO Daniel O’Day highlighted voluntary licensing of the drug’s active ingredient,...
AstraZeneca’s Path to $80B by 2030 Paved With ADCs, Cell Therapies, Near-Term Product Launches
At the J.P. Morgan Healthcare Conference, AstraZeneca reaffirmed its ambition to generate $80 billion in revenue by 2030, a target now seen as attainable. The company highlighted three near‑term product launches—baxdrostat for hypertension, camizestrant for breast cancer, and gefurulimab for myasthenia...
Novartis Doesn’t Have a GLP-1. They Don’t Miss It In a World Of Me-Toos
Novartis chief strategy officer Ronny Gal told BioSpace at J.P. Morgan that the Swiss giant will not pursue a GLP‑1 acquisition, citing the high commercial risk of me‑too products. He emphasized that existing GLP‑1s such as Eli Lilly’s Zepbound and Novo Nordisk’s...
After Mortality-Marred Year, Sarepta Looks Ahead to Catalyst-Rich 2026
Sarepta Therapeutics is shifting focus from a troubled DMD gene‑therapy portfolio to a robust siRNA pipeline partnered with Arrowhead. Jefferies highlights upcoming Phase I/II data for SRP‑1001 (FSHD) and SRP‑1003 (DM1) in Q1 2026, projecting a potential 25‑50% stock move. The...
Lung Cancer Trial to Proceed After FDA Releases Hold on Merck, Daiichi’s ADC
The U.S. Food and Drug Administration has lifted the partial clinical hold on Merck and Daiichi Sankyo’s antibody‑drug conjugate ifinatamab deruxtecan (I‑DXd) in the Phase III IDeate‑Lung02 trial for relapsed small‑cell lung cancer. The companies can now resume enrollment and data...
AbbVie, Amgen, Lilly Lead Calls for FDA To Update Post-Approval Change Rules
Big‑pharma leaders including AbbVie, Amgen and Eli Lilly urged the FDA to decouple pre‑approval inspections from marketing applications and modernize its post‑approval change framework. They argue the 1990s SUPAC guidance treats all biologics as high‑risk, slowing domestic facility transfers. The coalition...
At JPM26, Experts Try To Look Past the Most Favored Nation ‘Distraction’
At JPM26, life‑science investors and policymakers dissected the Trump administration’s disruptive biotech agenda. Health Secretary Robert F. Kennedy Jr. ordered the CDC to drop several childhood‑vaccine recommendations, unsettling billion‑dollar vaccine revenues. The administration’s focus on Most Favored Nation (MFN) drug‑pricing leverage spurred a...
Moderna Hits 2025 Revenue Goal as Operating Costs Fall Faster than Forecast
Moderna announced a 2025 revenue outlook of $1.9 billion, aligning with the midpoint of its narrowed $1.6‑$2 billion range and matching Wall Street expectations. The biotech also trimmed its operating expense forecast to $5‑$5.2 billion, a $200 million reduction from the prior November guidance....
FDA Carves Out Manufacturing Exemptions for CGTs To Accelerate Development
The FDA announced new manufacturing exemptions for cell and gene therapies, allowing developers to bypass certain chemistry, manufacturing and controls (CMC) requirements as products move beyond Phase I. The agency will not enforce Chapter 600 specifications for later‑stage trials and will treat...
Flagship CEO Calls Out Attacks on Science, Warns of China Dominance
Flagship Pioneering CEO Noubar Afeyan warned that U.S. cuts to NIH, NSF, and BARDA are jeopardizing the country’s biotech “miracle machine.” He highlighted concrete examples such as the resurgence of measles and reduced vaccine recommendations, linking them to policy decisions....
To Broaden Access to CAR Ts, Mitigate Their Side Effects
The FDA has removed the Risk Evaluation and Mitigation Strategies (REMS) requirement for approved CAR‑T therapies, reflecting confidence in real‑world safety data. Yet only about 30% of eligible patients receive CAR‑T because severe toxicities—cytokine release syndrome (CRS) and immune effector...
Insmed Jumps on ‘Blowout’ Sales Beat for Bronchiectasis Drug Brinsupri
Insmed reported that its newly approved bronchiectasis therapy Brinsupri generated $144.6 million in Q4 2025 sales, nearly three times analyst forecasts. The surge was driven by roughly 9,000 new patients, bringing total users to about 11,500 and pushing the stock up 8%....
Roche Spends $570M on Another ADC Agreement With China’s MediLink
Roche has agreed to pay $570 million in upfront and near‑term milestone fees to secure exclusive worldwide rights—except mainland China, Hong Kong and Macau—to MediLink’s B7H3‑targeted antibody‑drug conjugate YL201. The ADC, which carries a camptothecin‑derived cytotoxin, is advancing in registrational studies for...
Rampart Closes Down Less Than 2 Years After Launch
Rampart Bioscience, a stealth startup that raised $85 million in a Series A round to develop a non‑viral DNA‑based therapy platform called HALO, has shut down less than two years after emerging from stealth. The company’s website and LinkedIn page have been...
InflaRx Stanches Spending With 30% Staff Reduction, Priority Pivot
InflaRx announced a restructuring that will eliminate roughly 30% of its workforce and incur about $7 million in one‑time, largely non‑cash, costs. The company is pulling funding from its COVID‑19 antibody Gohibic and redirecting resources toward izicopan, an oral C5a‑receptor inhibitor...
Tessera Trimming 90 Employees as Part of Pipeline Prioritization
A wave of workforce reductions swept the biotech sector in early 2024, with Tessera Therapeutics cutting 90 employees (about 35% of its staff) to prioritize its AATD and sickle‑cell programs after a $275 million Regeneron partnership. Similar cuts hit companies ranging...
Vanda Slides After FDA Again Rejects Hetlioz For Jet Lag
Vanda Pharmaceuticals’ sleep‑aid Hetlioz was again rejected by the FDA for a jet‑lag indication, despite the agency acknowledging positive efficacy in trials. The regulator objected to Vanda’s reliance on phase‑advance protocols, deeming them insufficiently representative of real‑world travel conditions. The...
From Nuclear Winter to Renewal: Biotech Investing for 2026
The Denatured podcast episode "From Nuclear Winter to Renewal: Biotech Investing for 2026" features Sofinnova’s Maha Katabi and Ally Bridge’s Andrew Lam discussing a shift from a prolonged funding chill to a robust M&A environment. Guests highlight that 2026 will...
Parabilis Heads Biotech Fundraising Frenzy With $305M to Advance Cancer Drug
Parabilis Medicines announced an oversubscribed $305 million Series F financing, the largest of a busy Thursday for biotech fundraises. The capital will accelerate development of its lead peptide drug zolucatetide, which disrupts the β‑catenin/TCF transcription complex in rare and solid tumors. Parabilis...
VC Funding Uptick in Back Half of 2025 Has Analysts Hopeful for 2026
Venture capital into Massachusetts biopharma fell to $6.85 billion in 2025, the lowest level since 2019, as a cautious IPO market and investor reluctance dampened the first half. Despite the slump, 60% of the year’s funding arrived in the back half,...
Lilly Bulks Up Inflammatory Pipeline With $1.2B Ventyx Buy, InduPro Cancer Pact
Eli Lilly announced a $1.2 billion cash acquisition of Ventyx Biosciences, adding two mid‑stage oral NLRP3 inhibitors and a suite of inflammatory‑bowel‑disease candidates to its pipeline. The deal, slated to close in early 2026, broadens Lilly’s portfolio beyond its obesity flagship tirzepatide....
The Top 12 Companies Hiring in Biopharma Now
BioSpace’s December hiring report shows a 10 % month‑over‑month drop in active job postings and a 16 % year‑on‑year decline versus December 2024, reflecting typical holiday‑season slowdown. A noticeable surge in postings during the first week of January signals that hiring momentum is...
Biopharmas Axed 47% More Employees Year Over Year
Biopharma layoffs surged 47% year‑over‑year in 2025, affecting roughly 42,700 employees, as capital tightening forced both early‑stage and large firms to cut staff. The wave was driven by investor pull‑back after biotech failures, prompting leaner operations and accelerated M&A activity....
Crinetics Advances Potential Neurocrine Competitor With Fresh Data and Money
Crinetics Pharmaceuticals reported Phase II data showing its ACTH‑receptor antagonist atumelnant enabled 88% of patients with congenital adrenal hyperplasia (CAH) to reach physiologic glucocorticoid doses, outperforming Neurocrine’s approved therapy Crenessity, which achieved 63% in a Phase III trial. The results prompted Crinetics...
GSK, Ionis Achieve Functional Cure in Hepatitis B Studies, Clearing Path for FDA Run
GSK and Ionis reported that their antisense oligonucleotide bepirovirsen achieved a functional cure in the Phase III B‑Well 1 and B‑Well 2 chronic hepatitis B trials. The drug met its primary efficacy endpoint and all ranked secondary endpoints, showing statistically significant cure rates without...
Jazz’s Ziihera Shows ‘Practice-Changing’ Efficacy in Stomach Cancer
Jazz Pharmaceuticals reported Phase III HERIZON‑GEA‑01 data showing its bispecific HER2 antibody Ziihera dramatically improves outcomes in first‑line HER2‑positive gastroesophageal adenocarcinoma. In a trial of more than 900 patients, Ziihera combined with chemotherapy cut the risk of progression or death by...
Pfizer Searches for Novel Tumor-Selective Antigens With $865M+ Cartography Pact
Pfizer has signed a multi‑year agreement with Cartography Biosciences to discover novel tumor‑selective antigens. The deal provides up to $65 million in upfront and near‑term milestones, with potential total payments exceeding $800 million if all options are exercised. Cartography will employ its...
Amgen Makes up to $840M Cancer Play With Dark Blue Takeover
Amgen announced the acquisition of England‑based Dark Blue Therapeutics for up to $840 million, combining an upfront payment with future milestones. The deal brings Dark Blue’s lead asset, DBT 3757—a pre‑clinical small‑molecule degrader of MLLT1 and MLLT3—into Amgen’s oncology portfolio. Additional programs...
Novo Launches Oral Obesity Pill, Lilly Targets Lofty Revenue, FDA and M&A in Focus
Novo Nordisk introduced its first oral GLP‑1 obesity treatment, Wegovy pill, priced at $149 per month for lower doses. Eli Lilly is eyeing a March approval for its oral weight‑loss candidate orforglipron, positioning it as a catalyst to more than double...
Biotech Investors Bet on a 2026 Rebound as Deal Activity Accelerates
Biotech investors anticipate a rebound in 2026, driven by a wave of M&A activity and larger private financing rounds observed in late 2025. High‑profile deals such as Pfizer’s $10 billion acquisition of Metsera and AbbVie’s $10.1 billion purchase of ImmunoGen signal renewed...
BioSpace’s NextGen Class of 2026 Attracts Big Bucks From Tight Wallets
BioSpace’s 2026 NextGen list spotlights 15 early‑stage life‑science startups that secured seed or Series A financing despite a 2025 capital crunch. The cohort includes rare‑disease pioneers and innovators tackling cardiovascular, oncology, and genetic therapies. Notable deals feature Light Horse’s $62 million Series A...
Deep Dive: Huntington’s at a Crossroads
The neuro‑degenerative field has gained momentum with recent disease‑modifying approvals, and uniQure’s September data showed its gene therapy could slow Huntington’s progression by 75%. However, the FDA signaled that the Phase I/II results may not satisfy the evidentiary standards for...
Arrowhead Enters Obesity Chat by Doubling Tirzepatide’s Weight Loss in Combo Study
Arrowhead Pharma reported that its RNAi drug ARO‑INHBE, combined with Eli Lilly’s tirzepatide, produced roughly double the weight loss seen with tirzepatide alone in a small Phase I/IIa study. In the interim analysis, patients receiving the combo lost 9.4% of body weight...
Lilly Doubles Down With Nimbus, Paying $55M for Preclinical Obesity Drug
Eli Lilly has struck a new multi‑year collaboration with Nimbus Therapeutics, paying $55 million upfront for a preclinical oral obesity drug program that could generate up to $1.3 billion in milestones. The partnership leverages Nimbus’s AI‑driven, structure‑based design to discover small‑molecule treatments for...