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Novartis has agreed to buy Cambridge, Mass.-based Cadent Therapeutics for a possible $770 million, expanding its pipeline of treatments for cognitive and mood disorders. Read More
The planned acquisition continues the growing trend of gene and cell therapy consolidations as large drugmakers expand their reach into the field. Read More
Gilead Sciences has downgraded its development pact with Belgian drugmaker Galapagos after deciding to no longer pursue FDA approval for its rheumatoid arthritis (RA) drug Jyseleca (filgotinib). Read More
A coalition of hospital groups has filed a lawsuit alleging that HHS failed to ensure that drugmakers offer discounted medications to covered entity hospitals under the 340 drug discount program. Read More
Canada administered its first shots of Pfizer/BioNTech’s COVID-19 vaccine to frontline healthcare workers Monday as coronavirus vaccinations also got underway in the U.S. Read More
Boehringer Ingelheim (BI) is acquiring NBE-Therapeutics for $1.5 billion, adding to its cancer portfolio with novel antibody-drug conjugates (ADC). Read More
A conference the neuroscience biotech company Biogen held in a Boston hotel Feb. 26-27 appears to have been a “superspreader event” for COVID-19, ultimately leading to hundreds of thousands of cases, according to a new study. Read More
Gilead Sciences has announced plans to purchase German biotech firm MYR GmbH for an estimated $1.4 billion (€1.15 billion), with the potential for additional milestone-based payments of up to $364.3 million (€300 million). Read More