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With rare acquisition, Novo Nordisk makes $1B bet on sickle cell disease drug
The target company, Forma Therapeutics, started as a developer of cancer drugs but has made the most progress in rare blood disorders, attracting Novo’s attention.
By Jonathan Gardner • Updated Sept. 6, 2022 -
Spencer Platt via Getty Images
Biotech startup Ocean pivots from IPO to SPAC merger
The blank-check deal gives Ocean another route to public markets after it struggled to price an initial public offering it revealed back in June 2021.
By Delilah Alvarado • Aug. 31, 2022 -
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Neurocrine, with latest deal, gets a foothold in Europe
The neuroscience-focused company has agreed to buy U.K.-based Diurnal for around $57 million, a move it expects to “accelerate the establishment of its clinical development and commercial activities” in Europe.
By Jacob Bell • Aug. 30, 2022 -
Novartis begins plans to spin off generic drug business
After reviewing multiple options including a possible sale, the Swiss drugmaker said spinning off Sandoz would give the division “greater freedom to operate” and capitalize on newly growing sales.
By Jonathan Gardner • Aug. 25, 2022 -
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Aerie’s glaucoma drug journey ends in $770M sale to Alcon
The biotech successfully brought two medicines to market, but shares have lost most of their value amid sluggish sales.
By Ben Fidler • Aug. 23, 2022 -
Permission granted by Disc Medicine
Gemini’s fall gives Disc a way around biotech’s IPO slump
The biotech’s failed attempt to develop an eye drug has ended in a reverse merger that gives startup Disc Medicine a fast path to the public markets.
By Gwendolyn Wu • Aug. 10, 2022 -
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Pfizer buys sickle cell drugmaker Global Blood for $5.4B
The acquisition gives Pfizer access to Oxbryta, an approved drug for the blood condition, as well as two experimental medicines.
By Delilah Alvarado , Ned Pagliarulo • Updated Aug. 8, 2022 -
Permission granted by Gilead Sciences
How a small UK biotech ended up in Gilead’s hands
MiroBio, which was spun out of the University of Oxford three years ago, drew Gilead’s interest with its autoimmune disease research.
By Gwendolyn Wu • Aug. 5, 2022 -
Amgen bets almost $4B on a biotech and its inflammation drugs
The deals hands Amgen a few clinical programs and a marketed therapy in Tavneos, which was approved last year to treat a group of autoimmune diseases.
By Jacob Bell • Aug. 4, 2022 -
Courtesy of AbCellera
AbCellera inks another venture partnership, this time with Atlas
One week after striking a deal with Versant, the antibody specialist is teaming up with Atlas to provide drug candidates to an undisclosed startup backed by the biotech investor.
By Delilah Alvarado • Aug. 3, 2022 -
AbbVie, targeting a well-known protein family, expands a partnership into neuroscience
It’s the second deal in as many years between AbbVie and Sosei Heptares, which together have been trying to develop drugs that target so-called G protein-coupled receptors.
By Jacob Bell • Aug. 2, 2022 -
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Ipsen, continuing oncology push, pays a startup $45M for two cancer drugs
The French company will work with Marengo Therapeutics in an alliance that could be worth as much as $1.6 billion.
By Delilah Alvarado • Aug. 1, 2022 -
Photo illustration by Maura Sadovi/BioPharma Dive; photograph by Carl Court via Getty Images
US secures updated COVID boosters in $1.7B deal with Moderna
Health officials are gearing up for a fall vaccination campaign and aim to deploy shots modified to better match circulating omicron subvariants.
By Delilah Alvarado • July 29, 2022 -
Permission granted by Sekar Kathiresan
Vertex, Verve team up to develop a gene editing drug for liver disease
The deal, which is worth $60 million upfront, broadens Vertex’s reach into gene editing and expands Verve’s research beyond heart disease.
By Ben Fidler • July 20, 2022 -
Courtesy of AbbVie
AbbVie, building eye-care business, pays $60M for implantable glaucoma treatment
The pharma has secured an option to buy iSTAR Medical, which sells a small implant that helps lower eye pressure and is cleared for use in Europe.
By Elise Reuter • July 20, 2022 -
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Nestlé expands microbiome drug work with biotech deal
The food giant will pay French company Enterome about $40 million to join in the development of an inflammatory bowel disease drug as well as other food allergy treatments.
By Delilah Alvarado • July 18, 2022 -
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Ultragenyx sells rare disease drug royalties to Canadian pension fund
In exchange for $500 million, the fund, called OMERS, will get a 30% royalty on future sales of Ultragenyx’s drug Crysvita in the U.S. and Canada, where it’s approved to treat two rare conditions.
By Jacob Bell • July 15, 2022 -
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Royalty Pharma buys rights to top-selling GSK drug in pair of deals
The prolific biopharma dealmaker is paying Theravance $1.1 billion and Innoviva $282 million to acquire rights to royalties on GSK’s asthma and COPD drug Trelegy Ellipta.
By Kristin Jensen • July 14, 2022 -
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TherapeuticsMD buyout unravels as shareholders balk
Too few investors in the women’s health company pledged their shares to the take-private offer from EW Healthcare Partners, killing the deal.
By Delilah Alvarado • July 13, 2022 -
Courtesy of Vertex Pharmaceuticals
Vertex acquires another maker of potentially curative diabetes treatments
For $320 million, Vertex said it plans to buy ViaCyte in a deal that would provide “complementary assets, capabilities and technologies” to the ones it picked up through the 2019 acquisition of Semma Therapeutics.
By Jacob Bell • July 11, 2022 -
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Healthcare asset manager Innoviva buys another biotech at a bargain price
Two months after acquiring Entasis Therapeutics, the firm reached a deal to buy La Jolla Pharmaceutical Co. at a fraction of what La Jolla was worth just a few years ago.
By Jonathan Gardner • July 11, 2022 -
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ADC Therapeutics cuts deal with Sobi to broaden reach of cancer drug
The alliance comes on the heels of a change in leadership at ADC and will help ready the biotech to launch its lymphoma drug in Europe.
By Delilah Alvarado • July 8, 2022 -
National Institute on Aging. (2017). "Beta-Amyloid Plaques and Tau in the Brain" [Image]. Retrieved from Flickr.
AbbVie dials back partnership on experimental Alzheimer's drug
While AbbVie is bailing on one of the two programs it paid Alector $205 million to acquire five years ago, work will continue on the second project. That drug, however, has shown safety signals.
By Jonathan Gardner • July 8, 2022 -
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Radius, fending off activists, outlines pitch for $890 million buyout
The biotech detailed the process that led to its take-private offer last month, aiming to win the support of shareholders, including two firms that have pushed for change.
By Ben Fidler • July 8, 2022 -
Elizabeth Regan/BioPharma Dive
After a lengthy drought, could biotech M&A be on the upswing?
With at least 14 buyouts worth $50 million or more, the second quarter was one of the busiest three-month periods for acquisitions in recent years. Some industry watchers expect that pace to continue.
By Jacob Bell • July 8, 2022
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