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GlaxoSmithKline (GSK) has forged an exclusive license agreement with Arrowhead Pharmaceuticals to develop and commercialize ARO-HSD, Arrowhead’s investigational RNA interference (RNAi) therapeutic currently in a phase 1/2 trial. The deal is potentially worth more than $1 billion. Read More
Arcus is now “well-positioned to accelerate and expand clinical development activities … [for] patients with some of the most difficult to treat cancers, including pancreatic, lung, colon and prostate,” said Arcus CEO Terry Rosen. Read More
Novo Nordisk plans to acquire Dicerna Pharmaceuticals for $3.3 billion, a move that will net Novo Nordisk a ribonucleic acid interference (RNAi) platform for identifying genes that can be targeted to develop drug candidates across many therapeutic areas. Read More
Humira’s increased U.S. price “contrasts starkly to its falling price in every country where Humira currently faces biosimilar competition,” noted David Rind, ICER’s chief medical officer. Read More
AbbVie’s rheumatoid arthritis drug Humira (adalimumab) and six other drugs whose prices were raised in 2020 without supportive clinical data cost the U.S. health system $1.67 billion in annual drug spending, according to a new analysis released yesterday by the Institute for Clinical and Economic Review (ICER). Read More
The “new” J&J aims to strengthen its pharmaceuticals and medical devices portfolio, which is projected to rake in $77 billion in 2021 revenue. Read More
The Federal Trade Commission (FTC) has approved certain modifications to Bristol Meyers Squibb’s (BMS) divestiture agreements as part of the company’s 2019 acquisition of Celgene. Read More
Johnson & Johnson (J&J) plans to spin off its over-the-counter consumer products unit from its more lucrative prescription drugs and medical devices division, splitting itself into two publicly traded companies within the next 18 to 24 months. Read More