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    China competition

    Drugs from China are reshaping biotech. Track the licensing deals here.

    Hengrui’s $2.6 billion deal with Novo is its sixth with a major U.S. or European drugmaker since the start of 2025, the most of any China-based biopharmaceutical company over that timeframe.

    Updated 7 hours ago
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    Sponsored by Middlesex County, NJ

    Breakthrough therapies still need builders

    The next biopharma advantage will come from the talent and systems that turn discovery into scale.

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    Immune reset

    ai3Bio, built from two biotechs, pursues a different path to an ‘immune reset’

    Rather than deplete malfunctioning B cells as many other emerging autoimmune drugs do, Ai3Bio’s therapies are designed to eliminate a particular group of T helper cells.

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    Immune reset

    An ‘off-the-shelf’ CAR-T therapy from Adicet shows promise against lupus

    Data from an early trial showed the company’s “gamma delta” cell therapy surpassed benchmarks set by personalized CAR-T treatments tested in lupus.

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    Merck, Daiichi end plans to seek speedy approval of lung cancer ADC

    The FDA indicated that the data generated so far wouldn’t support an accelerated clearance of “I-DXd,” a setback that erases an edge Merck and Daiichi had over multiple fast-moving competitors.

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    This week in charts: Novo’s rise and fall and AI biotechs’ big haul

    The latest installment in BioPharma Dive’s data visualization series features a closer look at Novo's stock performance and the recent run of fundraising success for AI drug discovery startups.

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    News roundup

    Novo pursues long-acting obesity drugs; Acadia slumps on Alzheimer’s data

    Novo’s latest alliance involves injectables given every one to three months. Elsewhere, Nektar won a legal spat with Eli Lilly and the FDA issued two approvals.

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    IPO window

    RNAi drug specialist ADARx raises $446M IPO

    ADARx is the only maker of RNA-based drugs to go public since 2024 and the first RNAi biotech to price an IPO in the U.S. in more than a decade.

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    Alamy
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    Merck reveals study success, and possible safety worries, for eye drug hopeful

    A medicine acquired in a $1.3 billion buyout came through in the first of two pivotal studies in diabetic macular edema, though language regarding the drug’s safety stirred debate among analysts.

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    Trump administration

    FDA nominee Overton parries vaccine questions at Senate hearing

    Pressed by lawmakers on Thursday, Trump’s pick as the next FDA chief said she’d “follow the law” on key decisions and work to speed early drug research.

    FDA
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    China competition

    9 pharma leaders sound ‘alarm bells’ on biotech’s decline in Europe

    Frustrated by a slump that’s seen Europe lose ground to the U.S. and China, several top drugmakers are calling for speedier clinical trials, intellectual property protections and “fiscal flexibility.”

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    Courtesy of Grail
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    Grail multicancer detection test wins FDA advisers’ backing

    Panel members said the first-of-a-kind blood test should not be used to replace medical guideline-recommended cancer screenings, however.

    FDA
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    News roundup

    Lilly’s latest China drug deal; Immunovant’s setback in lupus

    Lilly wagered up to $3.35 billion in its fourth China-focused alliance since January 2025. Elsewhere, analysts are now more confident about one of Vertex’s top prospects and an RNA drug succeeded against a rare form of ALS.

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    Deep Dive // IPO window

    Biotech IPOs are the industry’s lifeblood. Track how they’re performing.

    On the same day RNAi drugmaker ADARx priced one of 2026’s biggest biotech IPOs, City Therapeutics — a maker of next-generation RNAi medicines — joined the queue.

    Updated Sept. 25, 2026
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    Emerging biotech

    Enveda, an AI drugmaker, banks $311M in venture funding

    Enveda, which is using AI tools to mine plants and microbes for drug prospects, has three candidates in human testing for immune diseases and obesity.

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    Roche, Ionis RNA drug scores in kidney disease study

    The results position Roche to bring a new kind of medicine to market for IgA nephropathy, a disease that’s drawn considerable attention of late from drugmakers. 

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    Trump administration

    A hidden tradeoff in Trump’s drug pricing deals

    The government has announced “most-favored-nation” pricing agreements with 26 pharma companies. But the deals could stymie other plans to lower the country’s spending on prescription drugs.

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    Alamy
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    Amgen reports a Phase 3 win with Sjögren’s drug candidate

    Dazodalibep, acquired in Amgen’s big buyout of Horizon Therapeutics, succeeded in the first of two late-stage trials against the tough-to-treat autoimmune disorder.

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    Obesity drugs

    Viking shares surge on updated obesity drug data

    Trial participants mostly kept their weight down after switching from a weekly shot to less frequent dosing — findings that could strengthen Viking’s “competitive positioning,” one analyst wrote. 

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    Celldex sinks as safety concerns cloud immune drug results

    Though barzolvolimab displayed what one analyst described as the best efficacy results to date against chronic skin hives, treatment was also associated with two life-threatening anaphylaxis cases.

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    Q&A // Brain drug revival

    How J&J paved the way for Compass’ coming psychedelic drug launch

    In an interview with BioPharma Dive, Compass executives said that, should the FDA approve their treatment, they hope to capitalize on a strategy pioneered by J&J in selling the ketamine spray Spravato.

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    News roundup

    An orexin drug’s ‘proof-of-concept’ in ADHD; Cue’s ‘unwarranted’ share slide

    Alkermes’ results heightened anticipation for a coming readout in 2027. Elsewhere, AbbVie leaned into AI drug discovery and the FDA expanded use of Eli Lilly’s breast cancer pill.

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    Telix buys ITM in bid to create a ‘radiopharmaceutical powerhouse’

    Worth $1.65 billion up front, the deal combines two large pipelines and manufacturing networks, helping Telix potentially “corner the industry” for radiopharmaceuticals, one analyst wrote.

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    Beacon eye gene therapy hits mark in late-stage study

    Beacon claimed the findings represent the first time a treatment for X-linked retinitis pigmentosa, a rare and potentially blinding condition, met its main goal in a pivotal trial.

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    Obesity drugs

    Novo talks up drug launches in effort to win back investors

    At a “capital markets day” in London, executives outlined a roadmap to better compete with key rival Eli Lilly and soon bring forth several multibillion-dollar products. 

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    This week in charts: GSK’s China deals, the $300M IPO club and selling the news

    The latest installment in BioPharma Dive’s new visualization-focused series features a stock sell-off that confused Wall Street analysts and a closer look at an industry-leading partnership streak.