Global Markets

COVID driving revs but patent loss and markets continue to shape pharma

COVID-19 will be a revenue driver and R&D focus for biopharma, but pre-pandemic factors like patent expiry and emerging markets continue to shape the sector says IQVIA. The research services and analytics firm made the comments in a report, predicting spending on meds will reach $1.8 trillion by 2026 with a significant contribution coming from COVID-19 vaccine and booster shot sales. According to the authors, “The total cumulative spending on COVID-19 vaccines since their introduction through 2026 is projected to…

Novavax COVID-19 vaccine wins EMA approval

The European Medicines Agency (EMA) has recommended granting conditional marketing authorization for Novavax’s COVID-19 vaccine, NVX-CoV2373. Novavax’ COVID-19 vaccine, known as Nuvaxovid, is the fifth vaccine recommended in the European Union (EU) for preventing SARS-CoV-2. Additionally, the firm claims it is the first protein-based COVID-19 vaccine approved for use in Europe. Nuvaxovid is made using Novavax’ proprietary nanoparticle technology and Matrix–M adjuvant – to market and the firm received $1.6 billion of US government assistance through the ‘Operation Warp Speed’ program…

BioProcess Insider State of the Industry — December 2021 Panel Discussion

This webcast features: Georgia Sloboda, Managing Director, Latham BioPharm Group; John Hamer, Head of Sales & Marketing, Aseptic Filling Workcells, Cytiva; and James Taylor, PhD, Co-Founder & General Manager, Precision Nano Systems Inc. BioProcess Insider’s State of the Industry takes a deeper look into the recent business news affecting the biomanufacturing industry, picking apart the numbers and highlighting potential trends. With a panel of industry experts, editor Dan Stanton will discuss recent M&A in the bioprocess space, bottlenecks within the…

Ampersand backs Alliance Pharma and plans ‘aggressive’ growth plan

Private equity firm Ampersand Capital Partners has invested in bioanalytical services contractor, Alliance Pharma. Financial terms of the investment were not disclosed. Ampersand confirmed that company founder and president, Frank Li, will remain a significant shareholder in Alliance. Malvern, Pennsylvania-headquartered Alliance provides discovery bioanalytical, DMPK, regulated bioanalysis, biomarker, LC-MS/MS, immunoassay services as well as cell and gene therapy and protein characterization. The firm works on all stages of drug development from animal studies through all phases of clinical development. It…

‘Incredible demand’ for talent leaving gaps throughout bio-outsourcing space

Pharma recruitment firm Lead Candidate says a perfect storm of factors has contributed to a shortage of professionals across key functions, and the pandemic has only made recruiting more difficult. Business across the pharma and bio-outsourcing space is robust, whether at third-party manufacturing companies, contract research organizations (CROs), or pharma services firms. However, such a vigorous environment means the need for skilled staff has never been higher, creating something of a bottleneck going forward. Life sciences talent sourcing firm Lead…

Danaher and COVID: $2bn orders for 2022 without potential Omicron windfall

COVID-19 continues to drive bioprocess orders for Danaher Corporation, but the extended vaccine rollout and the unknown impact of the Omicron variant could see a further surge in 2022. In April, Danaher spoke about its efforts in the manufacture of COVID-19 vaccines and therapeutics, adding an estimated $2 billion in 2021 revenue to its bioprocess businesses Cytiva and Pall. As 2022 appears over the horizon, CEO Rainer Blair told delegates at the Evercore ISI Annual HealthCONx Conference orders for COVID-related…

Fujifilm to invest $500m+ in UK CDMO business

Fujifilm Corp has confirmed £400 ($532) million of a previously announced investment program will be spent expanding its CDMO operations in Billingham, UK. According to a plan unveiled today Fujifilm will double the sites development and manufacturing capabilities, establish both a viral gene therapy facility and a mammalian cell culture facility and create up to 350 jobs. Fujifilm Diosynth Biotechnologies will also build a cell culture facility and ramp up antibody-based therapeutics production capacity through the addition of four 2,000…

Regeneron moving fast to assess Ab cocktail for Omicron variant

Regeneron says it can adapt its COVID-19 antibody cocktail to be effective against the Omicron variant if necessary, thanks to lessons learned the first time around. Omicron was the word of the day at the Evercore ISI HealthCONx Conference yesterday, as drug companies assess the potential impact of the recently discovered variant. One company that spoke about its efforts against the new strain was Regeneron, which has been at the forefront of therapeutic development against COVID-19 with its antibody cocktail…

Omicron variant disrupts Thanksgiving for COVID vaccine firms

Moderna says it will know whether its current mRNA vaccine protects against the Omicron variant within two weeks. Discovered in South Africa last week, the B.1.1.529 variant – named Omicron – has become a concern in the fight against COVID-19 due to its large number of mutations. “[There are] at least 30 in the spike protein alone, with nine of them known to be associated with immune escape and another 11 predicted to be associated with immune escape. You bring…