The Latest

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    Deep Dive // Emerging biotech

    Biotech startups are built on venture capital. Track funding rounds here.

    RA Capital and OrbiMed — the most active among the 26 firms tracked by BioPharma Dive — are both on course to invest in more biotechs in 2026 than they did in each of the previous four years.

    Updated 6 hours ago
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    Anna Moneymaker via Getty Images
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    Trump administration

    Supreme Court preserves access to abortion pill by mail

    The ruling maintains access to the drug while litigation continues. Mifepristone can still be prescribed at pharmacies or by mail without requiring in-person visits.

  • A sign with Biogen's logo sits outside the company's Cambridge, Massachusetts, headquarters on Sept. 5, 2024.
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    Biogen pushing tau drug forward despite Alzheimer’s study failure

    One of the company’s more closely watched research assets, BIIB080 is now heading to late-stage testing based on “the strength of the biomarker and efficacy data” seen in a Phase 2 trial.

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    Create Medicines raises $122M to bolster in vivo CAR-T therapies

    The fresh funds will support the biotech's pipeline of RNA-based CAR-T cell therapies for cancer and autoimmune conditions.

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    Anna Moneymaker via Getty Images
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    Trump administration

    FDA’s leadership void leaves biotech with renewed ‘uncertainty’

    Marty Makary's resignation leaves the agency with temporary directors in three top positions, and a number of newly instituted policies with an unclear future.

    FDA
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    Anna Moneymaker via Getty Images
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    Trump administration

    FDA chief Marty Makary resigns from agency, ending tumultuous tenure

    Makary’s exit ends a turbulent run marred by leadership upheaval, mass layoffs, political pressure and public spats with drugmakers.  

    FDA
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    China competition

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

    Bristol Myers’ alliance with Hengrui ranks as the second-largest licensing pact of its kind since the start of 2025, trailing only AstraZeneca’s $18.5 billion tie-up with CSPC in January, according to BioPharma Dive data.

    Updated May 12, 2026
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    China competition

    Bristol Myers, Hengrui join forces in drugmaking alliance worth up to $15.2 billion

    The wide-ranging pact involves as many as 13 drugs and marks the latest example of the growing relationship between Chinese pharmaceutical firms and their U.S. and Europe-based counterparts. 

  • A sign with Eli Lilly's logo sits outside of the company's headquarters on March 17, 2024 in Indianapolis.
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    Scott Olson via Getty Images
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    Obesity drugs

    Lilly data point to ‘maintenance’ strategies for GLP-1 weight loss

    A pair of trial results published in medical journals suggest switching from high-dose injectables to lower doses or pills could help people with obesity keep their weight down over the long term.

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    News roundup

    Assertio accepts new buyout bid; AI biotech Isomorphic banks $2B

    Assertio’s latest offer represents a roughly 31% premium over an initial acquisition proposal. Elsewhere, Kyverna is readying a first-of-its-kind approval application and AC Immune is swapping CEOs.

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    Douglas Olivares via Getty Images
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    Arvinas, Pfizer find new partner for ‘Protac’ breast cancer drug

    A deal with Rigel Pharmaceuticals ends months of uncertainty about the future of Veppanu, a first-of-its-kind, newly approved medicine with a murky financial outlook.

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    Biotech layoffs are easing, but is the worst over?

    BioNTech is one of the most recent companies to announce cuts, but the pace of job losses is slowing.

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    China competition

    GSK cuts deal with Sino to broaden reach of hepatitis B drug

    The marketing deal is the latest in a series of recent pacts between GSK and China-based drug companies, and could speed access to a therapy called bepirovirsen that’s important to its future.

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    News roundup

    Inhibrx delivers ‘differentiated’ cancer drug data; Fractyl starts diabetes gene therapy trial

    Inhibrx, the subject of recent buyout rumors, showed its drug might enhance the effects of Keytruda. Elsewhere, Capricor sued its cell therapy partner and Argenx got a revenue boost.

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    IPO window

    Odyssey, on second try, snags $279M in an IPO

    After withdrawing its initial filing last year, the immune drugmaker rebounded and added to a recent run of sizable new biotech stock offerings — while boosting its haul even higher through a concurrent private deal.

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    News roundup

    FDA to reevaluate spurned cell therapy; Under-the-skin Leqembi review extended

    Pierre Fabre claims to now be “aligned” with U.S. regulators on the path forward for a twice-rejected treatment. Elsewhere, Argenx swapped CEOs and Blackstone made a $250 million biotech investment.

  • A sign with Eli Lilly's logo sits outside of the company's headquarters on March 17, 2024 in Indianapolis.
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    Scott Olson via Getty Images
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    Lilly to invest extra $4.5B across Indiana manufacturing

    The Indianapolis-based company expanded its spend to ensure it can meet growing demand for its weight-loss drugs.

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    Lilly, Gilead lead pharma’s M&A boom

    Deal volume in 2026 is substantially outpacing last year, and activity is being driven by interest in cancer and autoimmune disease drugs.

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    Courtesy of Sarepta
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    Sarepta tumbles as its gene therapy sales decline further

    Even though Elevidys beat Wall Street expectations, analysts expect investor focus to shift toward Sarepta's early-stage RNA drugs.

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    Angelini to buy Catalyst in $4B play for rare neuro drugs

    The acquisition hands the Italian pharma a group of medicines approved to treat various CNS disorders and gives it wider market access in the U.S.

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    Entrada shares dive as Duchenne results disappoint

    While the company claimed a victory, analysts said data from a Phase 1/2 study fell short of expectations. Entrada shares subsequently tumbled more than 50%.

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    Maja Hitij via Getty Images
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    Bayer to buy Perfuse for up to $2.45B, bolstering eye drug pipeline

    Centered around a glaucoma therapy in mid-stage testing, the deal is Bayer’s first drug company acquisition in several years and potentially its largest since it purchased AskBio in 2020. 

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    Permission granted by Novo Nordisk
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    Obesity drugs

    Novo hikes guidance on Wegovy pill’s fast sales start

    In its latest earnings report, the Danish drugmaker said sales and profit should shrink less than the company originally anticipated thanks to strong prescription numbers for its new obesity pill.

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    Alamy
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    Roche to acquire digital pathology firm PathAI in deal potentially worth over $1B

    Roche plans to offer PathAI’s tools as part of an effort to improve cancer diagnosis and tailored treatment.

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    Deep Dive // IPO window

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

    Including Odyssey, nine of the 11 biotechs to go public in 2026 have raised at least $250 million in their initial stock sales — the most in a single year since 2021.

    Updated May 8, 2026