The Latest

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    Deep Dive

    Biotech M&A is on the upswing. Track the latest deals here.

    Biogen’s proposed acquisition of HI-Bio adds to a spate of dealmaking for immune drug developers this year.

    Updated May 22, 2024
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    Michael M. Santiago via Getty Images
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    Cytokinetics secures up to $575M in royalty deal, frustrating investors

    The biotech’s decision to give Royalty Pharma a greater share of future drug sales suggests a lower likelihood it is readying to be acquired, analysts said.

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    Christoph Burgstedt via Getty Images
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    Orna, a circular RNA specialist, acquires a buzzy startup

    After laying off staff late last year, Orna is expanding through the purchase of ReNAgade Therapeutics, which was built around technology designed to more effectively deliver RNA-based medicines.

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    Courtesy of Millipore Sigma via Business Wire
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    Merck KGaA to buy gene therapy tools maker for $600M

    The German drugmaker is bolstering its MilliporeSigma business with a unit of Gamma Biosciences that specializes in so-called transfection reagents.

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    Pfizer and Lilly are elbowing into the direct-to-consumer market. Will it work?

    Direct-to-consumer platforms can offer consumers an online path to sourcing popular medications, but some therapeutic areas may be better suited for the business model.

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    Deep Dive // Emerging biotech

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

    Brain drug developer Rapport Therapeutics and radiopharma drugmaker Telix Pharmaceuticals are the first biotechs to seek an IPO in over two months.

    Updated May 20, 2024
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    Biogen, looking to diversify, acquires immune drugmaker HI-Bio for $1.15B

    The deal, only Biogen’s third since the start of 2018, is a sign the company is open to branching out beyond the neurological drugs that have long been its focus. 

  • A portrait of Philip Larsen, CEO of SixPeaks Bio AG.
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    Permission granted by SixPeaks Bio AG
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    Obesity drugs

    SixPeaks, a new obesity biotech, starts up with an option to sell to AstraZeneca

    AstraZeneca has an exclusive chance to buy the startup, which is developing a muscle-protecting weight loss medicine, within the next two years.

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    Daniel Tadevosyan via Getty Images
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    News roundup

    Regeneron faces new biosimilar threats; an AI biotech lays off staff

    Today’s rundown also includes news of an expanded partnership for Boehringer Ingelheim and updates to emerging medicines from GSK and Bristol Myers. 

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    AstraZeneca’s $80B sales plan leans on cancer drug expansion

    The drugmaker aims to catch up in developing new tumor-fighting technologies — areas where it has lagged behind leaders like Novartis and J&J.

  • A stylized illustration of a "patent thicket" for Jonathan Gardner's Nov. 1 story on Amgen's Enbrel.
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    Adeline Kon / BioPharma Dive/BioPharma Dive
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    Deep Dive // Patent thickets

    Drug patents protect pharma profits. Track when they’ll expire here.

    Intellectual property is the foundation of the drug industry’s business model. This database will track key patent expiry dates for 30 top-selling medicines.

    Updated May 13, 2024
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    Emerging biotech

    AltruBio lands up to $225M after shift to immune drug research

    Since pivoting from oncology, the startup has raised close to $300 million and advanced an ulcerative colitis drug into mid-stage testing.

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    AstraZeneca
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    AstraZeneca sets sights on $80B in revenue by 2030

    The U.K. pharma expects to launch 20 new drugs by then, among them complex medicines for cancer as well as treatments for weight loss.

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    Permission granted by Pheon Therapeutics
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    Emerging biotech

    Pheon rides wave of ADC interest with $120M financing

    CEO Cyrus Mozayeni said the company is taking a different approach than other developers of antibody-drug conjugates, though it’s keeping details close.

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    Scott Olson via Getty Images
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    Lilly partners with Aktis, deepening radiopharma investment

    The collaboration, which gives Lilly access to Aktis’ technology in return for $60 million, adds to a flurry of dealmaking in the radiopharma field.

  • A stock photo of blocks arranged to illustrate layoffs
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    Andrii Yalanskyi via Getty Images
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    BIO to restructure, lay off staff in shakeup of lobbying group

    Thirty employees will leave as part of the reorganization, which the group said is meant to bring "stronger focus and greater impact" to its work.

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    koto_feja via Getty Images
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    Forbion-backed biotech Progentos debuts with $65M for MS drug

    Progentos says the money will go toward expanding its pipeline and pushing an experimental treatment for multiple sclerosis through "proof of concept” testing.

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    European Commission, in ‘unprecedented’ move, declines to revoke approval of PTC Duchenne drug

    Rather than endorse the recommendation of the EMA, the commission called for a new review for Translarna that considers “the totality of the evidence” compiled to date.

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    Elizabeth Regan / Industry Dive
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    Dyne shares jump on trial data for muscle disease drugs

    Updated study results for the biotech’s medicines for myotonic dystrophy Type 1 and Duchenne muscular dystrophy appeared to impress analysts and investors on Wall Street.

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    Mario Tama via Getty Images
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    FDA approves Amgen drug for tough-to-treat form of lung cancer

    Imdelltra, a bispecific antibody targeting a protein called DLL3, is cleared for use following chemotherapy in treating extensive-stage small cell lung cancer.

    FDA
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    News roundup

    Erasca restructures; Novartis moves to complete MorphoSys deal

    The cancer biotech is laying off one-fifth of its staff and scrapping three drugs. Elsewhere, Novartis secured sufficient support for its $3 billion buyout and Bristol Myers won a new CAR-T approval.

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    iStock via Getty Images
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    Obesity drugs

    Investors put $400M into biotech licensing obesity drugs from China

    The biotech, tentatively named Hercules CM Newco, has rights to three incretin drugs discovered by Jiangsu Hengrui Pharmaceuticals, two of which are in clinical testing.

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    Permission granted by Biogen
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    ALS drug development

    Biogen, Ionis shelve ALS drug following study failure

    While results indicated the drug works as intended, it didn’t have enough of an effect on a protein that’s become integral to many ALS research programs.

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    Mario Tama via Getty Images
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    J&J to buy Proteologix and its dual-targeting antibody drugs for $850M

    The deal is part of a plan by J&J to build a portfolio of “differentiated” bispecific antibodies, an increasingly popular area of drug development. 

  • The logo of German pharmaceuticals and chemicals giant Bayer stands over Bayer corporate offices on September 14, 2016 in Berlin, Germany.
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    Sean Gallup via Getty Images
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    Detailed trial data show Bayer drug alleviates menopause symptoms

    Full study results disclosed ahead of a medical meeting showed elinzanetant consistently reduced the frequency and severity of hot flashes.