ADA 2023 Key Press Releases (June 25)
On the third day of ADA 2023, two cardiometabolic-related news items were observed. Below, FENIX provides context and analysis for the announcements.
On the third day of ADA 2023, two cardiometabolic-related news items were observed. Below, FENIX provides context and analysis for the announcements.
Five cardiometabolic-related news items have been observed: Intercept (press release; slides), AstraZeneca (press release; slides), and Sanofi (press release; slides) hosted their respective Q1 ’23 earnings calls; Sanofi announced it has completed its acquisition of Provention Bio (view press release); and DRI Healthcare Trust announced that it has sold its Tzield royalty interests and milestone payment obligations to Sanofi for $210M (view press release). Below, FENIX provides highlights and insights from the call.
Three cardiometabolic-related news items have been observed: Medtronic announced FDA lifted the warning letter issued at its diabetes headquarters in Northridge, CA, in December 2021 (view press release); Sanofi announced the waiting period under the Hart-Scott-Rodino Act of 1976 (HSR Act) for its proposed acquisition of Provention Bio has expired (view press release); and Roche hosted its Q1 ‘23 earnings call (press release; slides). Below, FENIX provides highlights and insights into the respective news items.
Two CVRM-related news items have been observed: Sanofi and Provention have entered a $2.9B acquisition deal (press release); and Ozempic takes center stage at the 2022 Oscar awards show (view article). Below, FENIX provides highlights and insights from the news items, including thoughts on how the Provention Bio acquisition fits into Sanofi’s diabetes strategy.
A series of cardiometabolic-related news items were observed from Insulet, Bigfoot, Dexcom, Novo Nordisk, and Sanofi. Below, FENIX provides highlights and insights into the respective news items.
A series of cardiometabolic-related news items were observed from Tidepool, Lilly, Novo, Embecta, AGC Biologics, and Nemaura. Additionally, Abbott and J&J hosted Q4 ’22 earnings calls. Below, FENIX provides highlights and insights into the respective news items including commentary on why the claims against Novo’s marketing practices seem unfounded.
FDA recently approved Provention Bio’s teplizumab, branded as Tzield, to delay the onset of Stage 3 T1DM in adult and pediatric patients aged 8 years and older with Stage 2 T1DM (previous FENIX insight). Additionally, Provention hosted an investor call on Friday, November 18, 2022, to discuss the approved Tzield label, pricing, and commercialization plans (webcast). Below FENIX has conducted a Tzield label and website analysis, including highlights and insights from the investor call (label; previous FENIX insight).