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  • Roche Pharmaceutical Group's office building in Shanghai, China
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    iStock via Getty Images
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    Roche pays China-based biotech $70M for a new HER2 drug

    The drug, currently in Phase 1, is an oral medicine designed to cross the blood-brain barrier and better treat HER2 tumors that have spread to the brain.

  • A worker prepares ampoules of the Nuvaxovid vaccine against Covid-19 by Novavax in Berlin, Germany in February 2022.
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    Carsten Koall via Getty Images
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    Novavax cuts workforce by 25% as COVID vaccine sales fall

    The layoffs, which will affect hundreds of employees, are part of a major restructuring designed to reduce operational and research spending by as much as half.

  • a photo illustration showing packages of Mifepristone tablets
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    Anna Moneymaker/Getty Images via Getty Images
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    Abortion providers in 3 states sue over mifepristone restrictions

    The lawsuit seeks to remove safety restrictions on mifepristone or, alternatively, prevent further altering of access to the drug.

  • Alexis Borisy and Melanie Nallicheri of EQRx, at launch
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    Courtesy of EQRx
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    EQRx resets strategy, abandoning plans to disrupt drug pricing

    Launched in 2020 with a "radical" vision, EQRx ran into roadblocks that stymied its efforts to develop new medicines and undercut competitors on price.

  • Glass vials with orange caps sit on a pharmaceutical factory production line.
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    Stock via Getty Images
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    Catalent cuts outlook, delays results as it reveals new hurdles

    The pharmaceutical CDMO said it found “significant” issues with its forecasts over the past year, compounding manufacturing problems at three of its plants.

  • An image of the lab inside Recursion Pharmaceuticals.
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    Permission granted by Recursion Pharmaceuticals
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    Recursion to acquire two Canadian drug discovery startups

    The company agreed to buy Cyclica and Valence after winnowing down a list of more than 100 potential takeover targets, its CEO told BioPharma Dive. 

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    Incyte
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    Former Rubius, Laronde CEO Cagnoni to join Incyte

    Six months after being named head of RNA-focused biotech Laronde, Pablo Cagnoni has left the buzzy startup to run Incyte’s R&D work.

  • A windowed building surrounded by trees with a sign "Baxter" in front
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    Tim Boyle via Getty Images
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    Baxter to sell biopharma unit to private equity for $4.25B

    The deal is the latest in a string of private equity-backed deals for contract development and manufacturing businesses in the pharmaceutical sector.

  • A photo of the street sign for Wall Street, in front of a row of American flags.
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    hapabapa via Getty Images
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    Emerging biotech

    Acelyrin follows Kenvue with largest IPO for a biotech startup since 2021

    The $540 million offering adds to evidence suggesting young drugmakers may need to be well into clinical testing before going public in the current market. 

    Updated May 8, 2023
  • Two young boys are seen posing for a photograph with a snake.
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    Permission granted by Susan and Chris Finazzo
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    Deep Dive

    ‘The luckiest of the unlucky’: A Duchenne gene therapy brings hope to families — and tests the FDA

    FDA advisers voted 8-6 in support of the agency approving a treatment that patient advocates and doctors believe to be a breakthrough for a deadly disease.

    FDA
  • A photo of a sign inside an Apellis Pharmaceuticals building
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    Courtesy of Apellis Pharmaceuticals
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    Apellis reports strong start for new vision loss drug

    Higher-than-expected sales of the geographic atrophy therapy Syfovre pushed shares in Apellis higher, and could add to speculation about a takeover.