Welcome to Day 2 of the J.P. Morgan Healthcare Conference 2024 in San Francisco. Yesterday “Merger Monday” lived up to its name with deals for Novartis, J&J and Merck, and today, we’re also starting Tuesday with an early deal. Check out that deal and all the updates from JPM below.
Want more? Fierce Biotech’s conference’s kickoff Day 1 is available here, and Fierce Pharma’s can be found
speaking to the slow and steady progress that brought tirzepitide to the world, says the Indianapolis pharma is now ready to open up the chocolate factory.
“I know a number of biotechs are in the room at this conference so it’s worth mentioning: we’re open for business on external innovation,” Ricks said at the J.P. Morgan Healthcare Conference Tuesday.
SR One CEO and managing partner Simeon George, M.D., said the firm was eyeing some investments in psychedelic-focused biotechs but is waiting on formally financing one to see how the space matures. He specifically pointed to the rollout of J&J’s Spravato, an esketamine spray used to treat major depression. The treatment is currently one of J&J’s fastest-growing products and is a pillar in the company’s neuroscience portfolio.
“We’ve been watching, obviously, how that has gone in terms of the launch and again, that product looks like it’s starting to be on a nice ramp there,” George said in an interview with Fierce Biotech on Tuesday. “My sense is there’s going to be more than a couple of companies that will be interesting to look at from a fundraising perspective
