gene editing
Prime Medicine vs. Myeloid Therapeutics
Gene editing startup Prime Medicine is ensnared in a multimillion-dollar dispute with Myeloid Therapeutics, a startup cofounded by Pulitzer-winning cancer biologist Siddhartha Mukherjee.
At issue is a deal the two companies signed in March 2022.
Under the agreement, Prime paid Myeloid $45 million upfront for the rights to its technology and promised additional payments, options, and royalties as the collaboration progressed. Myeloid alleges Prime broke the agreement by failing to pay an additional $17.5 million for reaching an undisclosed milestone. Prime countered that Myeloid failed to reach the milestone and broke the terms of the agreement. And now the two have filed competing arbitration claims.
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management
The worst-performing CEOs of 2023
Yesterday, STAT's Adam Feuerstein lauded biopharma's top-performing CEOs. Today, he gives us the bottom of the heap.
Worst Biopharma CEO this year? Albert Bourla of Pfizer.
Despite the Covid windfall of pandemic years past, Bourla bears responsibility for a series of strategic missteps, financial miscalculations, and scientific setbacks, Adam writes. Pfizer is now in crisis, and its shares have dropped 50% this year to their lowest level in more than a decade.
Beyond Bourla, Adam's compiled a list of the "blockheads and scoundrels" of the biopharma C-suite.
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