BioSpace News Archive

Business

Illumina CEO DeSouza Steps Down Amid Activist Attack, Anti-Trust Battle

Francis deSouza resigned from Illumina’s helm after strong campaigning from activist investor Carl Icahn and the ongoing regulatory roadblocks facing the company’s acquisition of GRAIL.

June 12, 2023
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2 min read
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Tristan Manalac
Policy

Pharma Companies, Pharmacies Agree to Pay $19B in Opioid Settlement

More than 3,000 state and local governments will receive nearly $19 billion in payments from drugmakers and pharmacy chains in the most recent round of opioid settlements.

June 12, 2023
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2 min read
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Tristan Manalac
Drug Development

Novartis Boosts Kidney Business with $3.2B Chinook Buy

The company is paying $3.2 billion upfront in cash for Chinook’s two immunoglobulin A nephropathy candidates, atrasentan and zigakibart, which will complement its own IgAN hopeful iptacopan.

June 12, 2023
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2 min read
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Tristan Manalac
Policy

Chamber of Commerce Seeks to Halt Drug Price Negotiation

In its latest legal challenge to the Inflation Reduction Act, the U.S. Chamber of Commerce has appealed to a federal court to stop drug price negotiations until ongoing litigation plays out.

June 12, 2023
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5 min read
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Lisa Munger
Business

Catalent Finally Reports Earnings: Despite Losses, Revenue Beat Projections

After multiple delays, the contract manufacturer presents its earnings report for the third quarter of fiscal 2023, bumping its stock by more than 10%.

June 12, 2023
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2 min read
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Alejandra Manjarrez
Employer Resources

Opinion: Manage a Team? Here’s How to Keep Your Top Performers

Scott Rivers, president and managing partner of an executive search and talent branding firm, weighs in on what managers can do to keep top talent.

June 12, 2023
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4 min read
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Scott Rivers
BioMidwest

SomaLogic Partners with Citogen to Expand Authorized Site Program in Europe

SomaLogic, Inc., a leader in proteomics technology, announced their collaboration with Citogen, the Longwood Group’s customer services and support unit, to establish the company’s first authorized site in Spain.

June 12, 2023
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5 min read
Medtronic to present new data on its intelligent dosing platforms at the American Diabetes Association 83rd Scientific Sessions

Medtronic plc, a global leader in medical technology, announced its participation in the upcoming American Diabetes Association’s 83rd Scientific Sessions in San Diego on Jun. 23-26, 2023.

June 12, 2023
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7 min read
Business

Precision Optics Appoints Wayne Coll as Chief Financial Officer

Precision Optics Corporation, Inc., a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced the appointment of Wayne Coll as Chief Financial Officer, effective June 12, 2023.

June 12, 2023
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4 min read
FDA

Neobiosis Announces FDA Approval of IND for Use of ViXomeTM in COVID-19 ‘Post Covid Syndrome’

Today, Neobiosis announced that the U.S. Food and Drug Administration (FDA) has approved the Investigational New Drug (IND) application for ViXome™, its drug for the treatment of ‘Post COVID Syndrome (AKA “Long Haul COVID Syndrome”).

June 12, 2023
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2 min read