Thumbs Up/Thumbs Down: Novartis's retreat leaves plenty of casualties; Biogen orchestrates a shameful media show, and more
Endpoints assesses the big biopharma R&D stories of the week, with a little added commentary on what they mean for the industry.
Novartis executes a messy withdrawal on CAR-T
Whatever Novartis’s PR Team has come up with to rationalize its decision to disband its 400-member cell and gene therapy unit, make no mistake that this move marks a significant pipeline retreat on the pharma giant’s part. Two years ago the company couldn’t say enough about its commitment to CAR-T development, but these new actions speak much louder than words. That’s not to say that Novartis is out of the game, but it is clearly falling by the wayside as a much faster set of players at Kite is left in sole possession of front place. (Juno’s recent pratfall seriously delayed its entry.)
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