Want to stay on top of the science and politics driving biotech today? Sign up to get our biotech newsletter in your inbox.
Hello, everyone. Damian here with a look at some polarizing cancer data, a strange CEO transition, and the importance of New Year cheer.
The need-to-know this morning
- Sanofi is acquiring Inhibrx in a deal valued at up to $2.2 billion. The centerpiece of the transaction is an experimental drug, called INBRX-101, in mid-stage development for AATD, a disease that damages the liver and lungs. Inhibrx’s other drug candidates, including its line of cancer-targeting immunotherapies, will be spun out into a new company that will continue to be called Inhibrx.
- The FDA recommended the addition of new safety warnings to the prescribing labels of CAR-T cancer therapies, alerting physicians and patients to cases of secondary cancers that have occurred following treatment. The bolstered safety labels are being added to CAR-T treatments for blood cancer made by Gilead Sciences, Bristol Myers Squibb, Novartis, and Johnson & Johnson.
- Biopharma earnings season is here once again, beginning with J&J.
Is Wall Street overreacting to Gilead’s misfortune?
Shares of Gilead Sciences fell more than 10% yesterday after Trodelvy, the cornerstone of a $21 billion acquisition, missed the mark in a late-stage lung cancer study.
This article is exclusive to STAT+ subscribers
Unlock this article — plus in-depth analysis, newsletters, premium events, and networking platform access.
Already have an account? Log in
Already have an account? Log in
About the Author Reprints
To submit a correction request, please visit our Contact Us page.
STAT encourages you to share your voice. We welcome your commentary, criticism, and expertise on our subscriber-only platform, STAT+ Connect