Beam Therapeutics to cut 20% of workforce as part of restructuring plan
Beam Therapeutics (BEAM.O) said on Thursday it will focus on developing its experimental sickle cell disease treatments and reduce about 20% of its current workforce, or 100 employees, as part of a restructuring plan. Key Points
ReutersAstraZeneca raises stakes in obesity drug race with Eccogene deal
AstraZeneca (AZN.L) moved on Thursday to boost its drugs pipeline in the booming anti-obesity market, saying it would pay China's Eccogene up to about $2 billion for an exclusive licence to develop an experimental oral drug in the field. Key Points
ReutersImmunovant shares surge after antibody treatment succeeds in early-stage study
Shares of Immunovant (IMVT.O) surged over 60% in premarket trading on Tuesday, after data from an early-stage study showed the drug developer's experimental treatment helped reduce levels of an inflammation-causing antibody in healthy adults. Key Points
ReutersAn AI failure database can help foster innovation safety
Experimental technologies thrive on a 'culture of failure' as that’s how we learn from mistakes. We can mitigate AI risks by recording and analyzing mishaps. This is how aviation grew safer. Key Points
mintModerna, Merck begin late-stage study for mRNA cancer therapy
Moderna (MRNA.O) and Merck & Co (MRK.N) said on Monday they have started a late-stage trial of their experimental personalized mRNA cancer treatment in combination with blockbuster drug Keytruda for patients with a type of lung cancer. Key Points
ReutersMerck's lung cancer drug combo fails to meet trial goal
Merck (MRK.N) said on Thursday its experimental therapy in combination with Keytruda to treat a type of lung cancer in previously treated patients did not meet the main goal in a mid-stage study. Key Points
ReutersModerna's combination skin cancer therapy receives FDA's breakthrough tag
Moderna Inc said on Wednesday its experimental personalised mRNA skin cancer vaccine in combination with Merck & Co Inc's drug Keytruda has received breakthrough therapy designation from U.S. regulators as an additional treatment for high risk patients. Key Points
Reuters