North America

SHERIDAN, WYOMING - December 11, 2025 - Saol Therapeutics is turning an FDA rejection into a potential regulatory test case, as the biotech prepares to argue that its pyruvate dehydrogenase complex deficiency (PDCD) drug SL1009 is the ideal "poster child" for the agency's new Rare Disease Evidence Principles (RDEP) framework at a Type A meeting on December 18.

Saol Recasts a Complete Response Letter as a Strategic Opening

On September 8, Saol disclosed that the FDA had issued a complete response letter (CRL) for SL1009, an oral formulation of sodium dichloroacetate for children with PDCD, a genetic disorder affecting fewer than 1,000 people in the U.S. The CRL, according to CEO Dave Penake, "suggested that we would need to do an additional adequate and well controlled clinical trial," and that "and that's not feasible to be done by our company and in this patient population."

SHERIDAN, WYOMING - December 11, 2025 - Terns Pharmaceuticals is rapidly emerging as a serious contender in chronic myeloid leukemia (CML), after early clinical data for its allosteric BCR/ABL1 inhibitor TERN-701 more than doubled response rates seen with Novartis' approved STAMP inhibitor Scemblix in comparable settings and sent the biotech's share price sharply higher.

Best-in-Disease Early Efficacy Raises the Bar in CML

At the American Society of Hematology (ASH) annual meeting, Terns reported Phase I data from the CARDINAL trial in previously treated CML patients, with 38 participants evaluable for efficacy. TERN-701 achieved a major molecular response (MMR) rate of 75% at week 24, with 64% of patients reaching MMR overall in the dataset presented. The investigational agent also supported simple once-daily dosing without a food effect, improving convenience relative to many existing tyrosine kinase inhibitor (TKI) regimens.

SHERIDAN, WYOMING - December 10, 2025 - Pfizer Inc. is setting the stage for its next financial chapter with an analyst conference call and webcast on December 16, 2025, where the U.S.-based biopharmaceutical leader will present full-year 2026 financial guidance to investors and the broader market. The event underscores how large pharma companies use structured guidance cycles to frame expectations around revenue, R&D investment, pipeline execution and capital allocation.

Anchoring Investor Expectations with 2026 Guidance

Pfizer will host the live call with investment analysts at 8:00 a.m. EST on Tuesday, December 16, 2025, with a simultaneous webcast for global stakeholders. The primary objective is to provide formal full-year 2026 financial guidance, giving clarity on topline trends, margin expectations, R&D spending and the company's capital deployment priorities.

SHERIDAN, WYOMING - December 10, 2025 - Koelnmesse Inc. is initiating a carefully planned leadership transition in North America, with long-time President and Managing Director Mette Petersen set to retire on June 30, 2026, and 22-year company veteran Darrin Stern taking over the top role on January 1, 2026. The structured handover is designed to safeguard continuity while positioning the U.S. subsidiary for its next decade of portfolio growth and international expansion.

Structured transition protects continuity and relationships

From 1 January 2026, Stern will assume the role of President and Managing Director, while Petersen will continue through the first half of the year in an advisory capacity. During this period she will mentor key team members and support strategic initiatives with Koelnmesse's headquarters in Cologne, Germany.

SHERIDAN, WYOMING - December 8, 2025 - Canada is moving to tighten the link between immigration policy and health system capacity, with the federal government announcing new measures to accelerate the arrival and integration of internationally trained physicians-and the Canadian Medical Association (CMA) signalling that the real prize will be pairing these policies with faster, more predictable credential recognition.

New Federal Pathways Aim to Bring Doctors into Practice Faster

In Ottawa, Immigration, Refugees and Citizenship Minister Lena Diab unveiled a package of measures to make it easier for international doctors to settle and work in Canada. The initiative includes a new fast-track entry program for foreign physicians currently working in the country on a temporary basis, as well as additional slots dedicated to doctors under the Provincial Nominee Program.

SHERIDAN, WYOMING - December 8, 2025 - Investors in Perrigo Company plc (NYSE: PRGO) are weighing next steps after The Schall Law Firm announced a putative securities class action alleging the consumer healthcare company misled the market about the condition and turnaround costs of the baby formula business it acquired from Nestlé. The case highlights ongoing governance and disclosure risk around carved-out assets in regulated consumer categories.

Allegations Center on Underinvestment in Nestlé Baby Formula Business

SHERIDAN, WYOMING - December 8, 2025 - Canadian fintech Tuhk Inc. is stepping out of stealth with a US$6 million seed round to turn fragmented fraud data into a real-time collaboration fabric between merchants, banks and service providers, as the payments industry wrestles with a cybercrime threat measured in the trillions of dollars.

Fintech Veterans Target a US$10.5 Trillion Cybercrime Problem

Founded in 2025 by veterans from Ethoca and NuData Security, Toronto-based Tuhk is positioning itself as a "real-time data collaboration platform" at the intersection of fraud prevention and payments optimization. The seed financing is led by FINTOP, with strategic participation from Lloyds Banking Group and Capital One Ventures, signalling early alignment from major issuers and card partners.

SHERIDAN, WYOMING - December 8, 2025 - After a year of mixed signals from U.S. regulators, rare disease executives and policy experts are urging the FDA to match its pro-innovation rhetoric with clearer, more consistent rules for approvals, arguing that uncertainty around evidence standards is starting to chill investment and slow the next wave of therapies.

Mixed Messages from an Activist, Rare-Disease-Friendly FDA

Under Commissioner Marty Makary and CBER director Vinay Prasad, the FDA has made high-profile statements in favor of easing market access for rare disease treatments and even floated a "plausible mechanism" pathway for ultrarare conditions. Yet in practice, sponsor experience has been uneven.

SHERIDAN, WYOMING - December 8, 2025 - The U.S. Food and Drug Administration is preparing a fundamental shift in its evidentiary standards for new drugs, with Commissioner Marty Makary signaling that a single pivotal trial could soon be sufficient for approval-a move that has roiled internal leadership, unsettled some regulators and analysts, and triggered immediate recalculations in biopharma portfolio models.

From Two Pivotal Trials to One: A Structural Break

SHERIDAN, WYOMING - December 8, 2025 - Denali Therapeutics is facing another regulatory setback after the U.S. Food and Drug Administration (FDA) placed a clinical hold on DNL952, its enzyme replacement candidate for Pompe disease, citing preclinical hypersensitivity signals and demanding protocol changes before the company can start Phase I studies.

FDA Flags Hypersensitivity Risk Before First Human Dosing

The clinical hold, disclosed in an SEC filing, stems from "hypersensitivity reactions" observed in mouse models. While the agency has not required additional non-clinical studies, it is insisting on a more conservative first-in-human plan. Denali has been asked to lower the proposed starting dose for DNL952 and implement "revised inclusion criteria, adjusted stopping rules and unspecified safety monitoring commitments" before the program can proceed.