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Pfizer’s New Strategy Head Grapples With Some Blockbuster Problems

 
• By Andrew McConaghie

Recently recruited from his analyst post, Andrew Baum is now Pfizer’s head of strategy and is having to deal with some big decisions on R&D investment and long-term commercial bets.

Pfizer

Pfizer’s new chief strategy and innovation officer Andrew Baum only joined the company five months ago but is having to grapple with some major questions about the big pharma’s return on investment – just as activist investors are agitating for major changes.

Previously lead analyst at Citi, Baum was one of the best-known analysts in the sector and had previously been critical...

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Merus Raises $300m After ASCO Success

 
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Finance Watch: Is Six The Magic Number? May Sees Half Dozen VC Mega-Rounds

 
• By Mandy Jackson

Private Company Edition: Six biopharma companies raised venture capital rounds totaling $100m or more in May, matching the number of mega-rounds in April and March. Among other recent financings, Syndeio launched with $90m and SpyGlass raised a $75m series D round.

Vigil’s Iluzanebart Disappoints In Rare Neurodegenerative Disease

 
• By Jessica Merrill

The Phase II TREM2 agonist is not part of Sanofi’s planned acquisition.

Merus Raises $300m After ASCO Success

 
• By Andrew McConaghie

The company is raising the money to fuel development of its head and neck cancer candidate, petosemtamab, on the back of promising early data. Some analysts are stopping short of declaring it the winner against a rival product from Bicara, however.