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As You Were
Amgen's acquisition of Horizon Therapeutics closed on Friday after a long fight with the FTC. It ended with Amgen triple pinky-promising not to use the acquisition to wrench more loot from hospitals. Congratulations, consumers - you are officially protected!
No, but in reality, this was a weird stockblock by the FTC. There was no real overlap between product lines. The feds really tried to stretch logic by suggesting Amgen would somehow force buyers to take the Horizon products even though there are competitors out there.
If they could magically do such a thing, wouldn't they be charging even more for their existing products using the same tactics?
Yeast Affection
This company called Chai Bio is doing nothing tea-related, though they are closer than you might suppose. They have a couple business lines for their qPCR testing. One is for breweries testing for beer spoilage. The other is Covid-19.
What is this, early 2021?
Name N/A
DNA, RNA - we see these all the time in biotech company names and literature. But we would strongly advise against using TNA.
Unfortunately, the horse is out of the barn on that one – TNA Therapeutics is on full display.
Biotech Imbalances
A big group picture with everyone dressed casually is a cool element for a careers page. But maybe not quite as cool when you have over 50 employees and still carry a 3:1 ratio in favor of women.
Although what's more iniquitous is probably the 3:1 ratio in favor of men amongst biotech Founders.
And it's not just founders. Here's a company proudly displaying their eight-member management team made entirely of white-clad men. Almost cult-like.
Maybe women are making a rational decision flocking to certain companies?
Corporate Agrimony
Indianapolis-based Corteva, who produces genetically modified seeds, is accusing fellow AgBio company, Inari (Cambridge, MA), of surreptitiously obtaining their seeds, slightly modifying them, then reproducing for sale.
These are some saladious allegations. (too much?)
We don’t know anything about the particulars, but we do know Inari has been dramatically expanding their location just down the street from BioPharmGuy HQ in West Lafayette, which is a mere 68-minute drive from the Corteva spot down in Indy. The proximity is at least interesting.
Team Roast - Bounced Check
Welcome to our website. Check out our team, consisting of team members. Then head over to the Investor tab to see when the cheesesteak festival is. Please check out our products. We have four. Thank you for visiting.
Positron
This PET imaging company announced via press release that they sold off their Attrius PET system, which would be pretty much the biggest possible news for a small medical device company.
Alas, upon closer reading, what they meant was they sold a system, not the system. Slightly different level of newsworthiness. But always fun to see the "we sold something" press release. Way to go, champs!
Dog Days
Last week we talked about DNA tests for dogs. This week let’s profile some of our favorite dogs of biotech.
First, scroll down a ways here and you will eventually find yourself staring at Messi, who is the Chief Bonding Officer at ComboTope Therapeutics. Judging by his demeanor, you can depend on this Messi – no spending $500 only for him to sleep all day. Good boy!
Then we have Penelope, the Chief Morale Officer at Absci. Cute, but we really think they missed the opportunity of placing a Chief Canine Officer directly next to their Chief People Officer.
But that’s ok because Rocco at BiterrootBio holds that exact title. He even has an additional one as well: Head of Barketing.
Give those dogs some treats!
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