Another biotech IPO on the horizon...this time Scribe Therapeutics (gene editing company partnered with Lilly), which filed to go public under the ticker $SCTX
https://t.co/sPIoqSTCeG
Bluebird Bio was a dark biotech morality tale when David Meek bought it. He says the new company, Genetix, is already making money. https://t.co/5wN6TC6xT5
It's July 1, which means millions of seniors are newly eligible for GLP-1s for obesity. More on who qualifies and what to expect from @annikakimc
https://t.co/jcJc6bPz1B
Anthropic says it's getting into the drug development business (?). The company will focus on discovering drugs for "neglected" diseases. TBD what it'll do if it finds any promising drug candidates https://t.co/ly7WKHMUsh
For years, Eli Lilly lived in the shadow of bigger rivals. Then weight-loss drugs changed everything.
For the July cover of @BW, @BradStone and I chronicled one of the most dramatic transformations in the drug industry’s history.
Weight-loss drugs turned Eli Lilly into a $1 trillion pharmaceutical giant. Now Dave Ricks needs to prove the boom can last.
Read The Big Take ⤵️ https://t.co/tK09Tsv8r7
spoke w/Parabilis Medicines CEO about the biotech's record-breaking IPO
"People do ask sometimes about the SpaceX IPO and whether it would draw capital away from the biotech industry. I don’t think so. We’re going for our own moonshot right now."
$PBLS
https://t.co/1RNnn6Cg8d
On Medicare: Novo plans to pitch seniors on the proven health benefits of Wegovy. Lilly plans to emphasize the convenience of Foundayo. Ricks says it will be important to prove this program is cost effective.
I had a chance to talk to Lilly CEO Dave Ricks and Novo Nordisk CEO Mike Doustdar this weekend at ADA. The big themes: GLP-1 pills and Medicare coverage of obesity drugs in just a few weeks (yes, it's already almost July)
Full story here: https://t.co/XXcQEaHj2u
On the pills: Novo surpassed 3M scripts of the Wegovy pill, but investors don't seem to care. What's it going to take to change their minds? Time, Doustdar says. What about Foundayo? Prescriptions are "markedly higher" than the 20K figure Ricks shared with us about six weeks ago.
NEW: Here are biopharma's top-paid CEOs of 2025, taking in pay packages worth over $25M
Median biopharma CEO pay for 2025 came in at $5.35M, up 13% from last year.
The best-paid made far more & we have the receipts
https://t.co/CBHCjCien5
NEW: Pfizer is pulling back the curtain on its obesity ambitions, releasing new data on an experimental weight-loss shot & outlining a strategy to claw its way into a leadership position in a market dominated by those with first-mover advantages.
🎁🔗https://t.co/oaXLVn278d
Scoop: acting FDA commissioner Kyle Diamantas told rare disease nonprofits yesterday that some major changes are coming in the post-Makary era: No more career staff overrules, and expect more adcomms https://t.co/VdA5kZAotF
Read here:
Does Revolution Medicines’ $RVMD pancreatic cancer drug have even greater potential? Rick Pazdur has ideas on how to find out
https://t.co/P7BIWd6UuR
Another day, another Lilly deal. What’s going on over there? Lilly’s willing to pay more for “real medicines” and it’s looking beyond its four main therapeutic areas https://t.co/Uir1sTmuMj