With many of its employees working from home and the completion of its spinoff 2seventy bio, Massachusetts-based bluebird bio decided it was time for a headquarters move. The company will move three miles north from its Kendall Square location to Assembly Row along the Mystic River in Somerville, MA. The new space has 61,000 square feet and will be home to 425 employees.
AstraZeneca enters a $270 million deal with Covis
Fierce Pharma ranks the top 10 drug launch disasters in the past five years
A recent L.E.K. Consulting report found that about 40% of meds approved between 2004 and 2016 underperformed Wall Street’s prelaunch sales forecasts by over 20% in their first three years on market.
To follow is a list of 10 drug launches from the past five years that suffered some of the most significant failures. The companies range from big pharma to biotech startups in various therapeutic areas.
Pandemic increases departure of baby boomers from workforce
The 2021 Fierce Pharma Marketing Awards
Results from Merck’s investigational pill to treat COVID-19
Amgen’s Otezla patent extended until 2028
Two years ago, Amgen purchased the marketing rights to Celgene’s psoriasis pill Otezla for $13.4 billion. At that time, the company most likely did not think it would have to compete against Sandoz and Zydus Pharmaceutical in the generics market any time soon. And now, thanks to a win in court, Amgen appears poised to enjoy several more years of exclusivity in the key U.S. market.
Dupixent shows promise in late-stage study in young children with atopic dermatitis
Pfizer, BioNTech receive the FDA's first full COVID-19 vaccine approval
Biden administration is all in on COVID boosters
Sanofi pulls hypertension medications in Korea and UK
GSK to “relaunch” Shingrix
GSK’s Shingrix was initially approved by the FDA in October 2017 for the prevention of shingles in adults aged 50 and older. However, the pandemic and CDC’s recommendation for individuals not to get another vaccine within weeks of receiving the COVID-19 vaccine has caused many people to miss vaccinations.
AstraZeneca posts diabetes study data
Amgen to open new ‘smart facility’ in Ohio
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Biogen receives FDA approval for Alzheimer’s treatment
DIVERSITY-OWNED STAFFING FIRMS DELIVERING TALENT
Amgen receives early FDA approval
Merck details Keytruda's Herceptin combo stomach cancer win
The FDA has granted Merck the go-ahead based on initial data from its first 264 patients that are enrolled in a study that combines Keytruda with Roche’s Herceptin and chemotherapy. This treatment had tumors shrink in 74.4% of patients with newly diagnosed, HER2-positive gastric or gastroesophageal junction cancer. That is considerably more than the 51.9% for the standard-of-care Herceptin-chemo treatment.
