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STAT+: Moderna touts research progress as it cuts R&D spending by $1.1 billion

STAT

Moderna said Thursday it would cut its annual spending on research and development by 23%, or $1.1 billion, between 2024 and 2027 in a concession to investors who have viewed the company’s outlays following its pandemic-era windfall as profligate.

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Amgen opens its most advanced manufacturing facility to date

European Pharmaceutical Review

The facility has been designed to meet the highest environmental sustainability standards, to help Amgen’s reach its target of carbon neutrality in all operations by 2027, the company noted. .” Amgen Ohio is nearly 300,000 ft 2 in size and will employ 400 full-time staff.

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Astellas licenses companion drug for Pompe gene therapy

pharmaphorum

Astellas has licensed rights to a drug developed by Selecta Biosciences that could make more patients eligible for treatment with its gene therapy for inherited neuromuscular disorder Pompe disease. There has been no update from Astellas since the clinical hold was imposed last June.

Immunity 119
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Potential blockbuster drugs to watch in 2023

European Pharmaceutical Review

The report offers predictive analysis of drugs entering the market or launching key indications in 2023. Treatments identified in the report are predicted to be potential blockbuster drugs by 2027 or have potential to serve unmet patient needs for millions of patients worldwide. Drug development in 2023 and beyond.

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Turning the TIDE: oligonucleotide development trends

European Pharmaceutical Review

Oligonucleotide therapeutics represent a relatively novel class of drug, with the potential to modulate drug targets that were previously considered intractable, and with the benefit of fast clinical development times. Success rates in all stages of development is really low. Oligonucleotide synthesis market to reach $16.7

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Shionogi starts pivotal Japanese trial of Akili’s ADHD app

pharmaphorum

. “ADHD has a significant impact on children and their families in Asia, and caregivers and healthcare providers are looking for innovative non-drug treatment options,” said Takeki Uehara, head of drug development and regulatory science at Shionogi. Image by Gemma Moll from Pixabay .

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Psychedelic drug market to reach $7.2 bn in 2029: GlobalData

Express Pharma

CYB-003, a small-molecule drug that is indicated for major depressive disorder, is expected to launch in the US in December 2027 and is forecast to generate $1.4 SPL-026 is also a small-molecule drug. It is expected to launch in the US in 2027 and in the EU in 2028 and generate $0.9 billion in sales in 2029.