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Alkermes’ Richard Pops to step down after three-decade run as CEO

Richard Pops, one of the biopharmaceutical industry’s longest-serving chief executives, will step down as the head of Alkermes at the end of July, the company announced Wednesday. Pops will be succeed by Chief Operating Officer Blair Jackson on July 31, Alkerm

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Richard Pops, one of the biopharmaceutical industry’s longest-serving chief executives, will step down as the head of Alkermes at the end of July, the company announced Wednesday. Pops will be succeed by Chief Operating Officer Blair Jackson on July 31, Alkermes said. He’ll remain Alkermes’ board chair afterwards and help advise the company’s executive team. Jackson will join the board during the transition. Alkermes hired Pops as CEO in 1991, four years after its founding and at a time when it was best known as a drug delivery specialist. The company built a business helping solve one of the sector’s most vexing biological challenges — helping drugs cross the blood-brain barrier — and in the three decades since has gone through several ups and downs trying to create its own medicines for brain diseases and cancer. A depression drug Alkermes once developed, for instance, was panned by advisers to the Food and Drug Administration and subsequently rejected by the regulator in 2019 , triggering a stock crash and a restructuring . A cancer immunotherapy it once worked on drew frustration from investors before being spun out into Mural Oncology. There, the therapy fell short in clinical testing, leading Mural to accept a liquidation deal last year. But after years with a stagnating stock price, Alkermes has seen its value steadily climb this decade. The company has a three-year streak of positive earnings that started in 2023, and has homed in more on mental health and sleep medicines — the schizophrenia treatment Lybalvi and, most recently, a class of “orexin” drugs viewed as potential future blockbusters. “Together, we have built a company with a strong financial foundation, commercial medicines that have reached hundreds of thousands of patients with serious mental illness or addiction, and a compelling opportunity ahead in sleep medicine,” Pops said in a statement. Along the way, Pops became one of biotech’s most visible figures, frequently speaking at industry conventions and serving on the boards of the Biotechnology Innnovation Organization and the Pharmaceutical Research and Manufacturers of America. At times, he was also one of the highest paid CEOs across biopharma. “The board is grateful for Richard’s decades of leadership and his continued commitment to the company,” said Andy Wilson, the board’s lead independent director, in a statement. “We have full confidence in the strength of the organization Richard has built and its potential to continue on its growth trajectory under Blair’s leadership.” Jackson will now steer Alkermes as it attempts to become a major player in sleep medicines. One drug for a certain kind of narcolepsy will begin late-stage testing this quarter. Alkermes acquired another, Lumryz, with its recent acquisition of Avadel Pharmaceuticals. “The leadership change could be welcome by investors as the company moves more deeply into the sleep space,” wrote RBC Capital Markets analyst Leonid Timashev, in a Wednesday note to clients. The Avadel acquisition is expected to add new costs to Alkermes’ balance sheet in 2026, both in inventory and intellectual property expenses. In an earnings report also issued Wednesday, the company announced $242 million in profit on $1.5 billion in 2025 revenue. But Alkermes also forecasted between $115 million and $135 million in losses this year on revenues of $1.7 billion to $1.8 billion. “We had already expected this dynamic, but note it may continue to optically weigh on shares,” Timashev wrote. Alkermes shares fell as much as 8% in morning trading.

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01What Comes Next

With data expected in the fourth quarter of 2026, we are prioritizing histology alongside patient-reported outcomes using the Celiac Disease Symptom Diary, one of only two instruments developed in line with U.S. Food and Drug Administration (FDA) guidance, to capture changes in symptoms such as abdominal pain and nausea. Ultimately, the broader aim is to give gastroenterologists and patients a therapeutic option for a disease that has long been managed without one. The future of drug development will not be defined by statistical significance alone, but by whether new therapies also improve the daily burden of living with celiac disease. “The first therapy to cross the line could change the field,” Geller concluded. “It would help establish celiac as a serious medical condition with options beyond a restrictive diet and open the door for what comes next.” Dr. Paul Lizzul is chief medical officer at First Tracks Biotherapeutics, a clinical ‑ stage biotechnology company advancing antibody therapeutics that modulate immune pathways implicated in autoimmune and inflammatory diseases. Marilyn Geller serves as an advisor to First Tracks Bio. Footnotes Abadie V, Jabri B. IL-15: a central regulator of celiac disease immunopathology. Immunol Rev . 2014;260(1):221-234. https://doi.org/10.1111/imr.12191. Yokoyama S, Watanabe N, Sato N, et al. Antibody-mediated blockade of IL-15 reverses the autoimmune intestinal damage in transgenic mice that overexpress IL-15 in enterocytes. Proc Natl Acad Sci U S A . 2009;106(37):15849-15854. https://doi/full/10.1073/pnas.0908834106. Anthony S, Schluns KS. Emerging roles for IL-15 in the activation and function of T-cells during immune stimulation. Research and Reports in Biology . 2015;6:25-37. https://doi.org/10.2147/RRB.S57685.

Source: www.biopharmadive.com ↗
02Lifestyle Matters: How do environmental and lifestyle factors influence Alzheimer’s disease?

Dr. Harrison and Finnish neuroscientist Dr. Miia Kivipelto explore the complex interplay between genetics and lifestyle in Alzheimer's development. Learn how the groundbreaking FINGER study demonstrates potential prevention strategies, and discover the latest evidence on how environmental factors, diet, and chronic conditions influence Alzheimer's risk.

Source: www.biopharmadive.com ↗
03Why Muscle Cells Might Do Some Heavy Lifting

Brown was studying gene therapy in the 1990s when he designed a technology to turn mRNA expression on or off in different cells. For the new mouse study, published in Nature Biotechnology , he adapted the technology to turn off mRNA expression in dendritic cells, muscle cells, or liver cells. The researchers then vaccinated the mice with each version, delivering the vaccines both intravenously and intramuscularly. “The results were pretty stunning,” Brown said. When mRNA expression was turned off in muscle cells, T-cell response went down, suggesting muscle cells play a role in immunity. When expression was turned off in liver cells, T-cell expression tripled — indicating liver cells dampen immunity. Turning off expression in dendritic cells had no effect on T-cell activation, though it did reduce the number of killer T cells by as much as half. (Interestingly, no such reduction occurred when the antigen was SARS-CoV-2 spike. Brown is now investigating why different antigens had varying effects.) Knowing all this is crucial for designing effective mRNA vaccines and therapies. That’s because different mRNA therapies require different strategies. Cancer vaccines must boost tumor-fighting killer (CD8+) T cells. For genetic disease treatments, scientists want to avoid triggering the immune system to prevent killing the very cells the mRNA is meant to modify. “Understanding the immunology is extremely important for this class of drug,” Brown said. The finding doesn’t mean dendritic cells aren’t important for mRNA vaccines to work. “It just means that the mRNA doesn’t have to get into those cells to induce an immune response,” Brown said. Instead, the antigen can be transferred to those dendritic cells.

Source: www.medscape.com ↗
04How Real Brain Cells Respond to Artificial Neurons

Holla, who completed her PhD in Raman’s lab and is now a postdoctoral researcher studying memory at New York University in New York City, designed and ran experiments in mouse cerebellar slices. She positioned a stimulation electrode on the parallel fibers, the main pathway that excites Purkinje cells, and a recording electrode on the Purkinje cells themselves. She played recordings of the artificial neurons’ waveforms into the tissue through a standard stimulation electrode at four different speeds: 7, 60, 218, and 740 spikes per second. At every speed below 200 spikes per second, the Purkinje cells fired in response. The strongest results came at 60 spikes per second, where each artificial spike lasted 0.7 milliseconds, which is fast enough to trigger the cell but brief enough to avoid flooding the tissue with unnecessary current. Above 200 spikes per second, the cells stopped responding. They simply cannot fire that fast. The team included the 740-spikes-per-second condition on purpose to directly challenge the many engineering groups building artificial neurons that operate at those speeds. “We had to show them [740 spikes] wasn’t sufficient,” Brown said. “You can’t work that fast.” “You can see the living neurons respond to our artificial neuron,” Hersam said. But he is careful to note a caveat: The printed artificial neurons were not touching the brain tissue. The waveforms they generated were recorded and then played back into the slice through standard laboratory stimulation equipment. The next step is to prove the printed device itself can interface with living tissue.

Source: www.medscape.com ↗
05China: Threat or opportunity?

One of the biggest biotech news stories of recent years is China’s continued rise as a biotech and life sciences powerhouse. China conducts a quarter of all clinical trials and drug development and has almost 1,500 new drugs in development.¹ Many China-based biotechs have benefitted from government funds, out-licencing deals with large pharmas and venture capital funding. However, policymakers in the US and EU have concerns about the possible threat to their region’s biosecurity and competitiveness as centres for health and life science research. Given China’s increased importance, ICON Biotech conducted the same biotech sector survey with 100 China-based biotech leaders. The results show that Chinese biotechs face many of the same challenges as biotechs located elsewhere. They share the same funding challenges and burdens associated with increasingly complex clinical trials and regulations.

Source: www.biopharmadive.com ↗
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Peptide Therapy Guide Editorial Team

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