Medical Industry News

AstraZeneca Licenses China-Origin COPD Asset in Up to $1.9B Deal

AstraZeneca has signed a licensing agreement with Chia Tai Tianqing, a subsidiary of Sino Biopharmaceutical, for ex-China rights to TQC3721, a chronic obstructive pulmonary disease candidate. The deal is drawing attention as another sign that China-origin clinical assets are becoming part of global pharma pipeline strategy beyond oncology, metabolic, and kidney disease. Deal Highlights $200M […]

Medical Industry News

Novartis Strengthens Next-Generation ADC Platform with Myricx Bio Acquisition

Novartis has announced that it will acquire U.K.-based biotech company Myricx Bio. The transaction is drawing attention as another signal that, in ADCs, differentiation is increasingly moving beyond tumor target selection and toward payload innovation. Deal Highlights $1.1B upfront; total potential value of up to $1.5B Next-generation ADC platform using N-myristoyltransferase inhibitor (NMTi) payload technology […]

Medical Industry News

AbbVie to Acquire Apogee’s Long-Acting Antibody Pipeline in $10.9B Deal

AbbVie has announced that it will acquire Apogee Therapeutics, a biotech company focused on immunology and inflammatory diseases, in a cash transaction valued at approximately $10.9 billion. Through the acquisition, AbbVie will gain Apogee’s long-acting antibody pipeline, led by zumilokibart. Deal Highlights Transaction value of approximately $10.9 billion Purchase price of $135.11 per share Lead […]

Medical Industry News

GSK to Acquire Oncology Biotech Nuvalent for $10.6B in Cash

GSK has announced that it will acquire oncology biotech Nuvalent in a $10.6 billion cash transaction. Nuvalent is developing targeted therapies for non-small cell lung cancer, including its lead candidates zidesamtinib and neladalkib, which are currently under FDA review. Deal Overview $10.6 billion cash transaction Purchase price of $124 per share Lead candidates include zidesamtinib […]

Medical Industry News

Pfizer and Innovent Enter Oncology Collaboration Worth Up to $10.5B

Pfizer has entered into a global oncology collaboration with Innovent Biologics worth up to $10.5 billion. The agreement covers 12 early-stage oncology programs, including antibody-drug conjugates and multispecific antibodies. Innovent will receive $650 million upfront, with the remaining value tied to development, regulatory, and commercial milestones. Collaboration Overview 12 early-stage oncology programs 8 Innovent-originated candidates […]

Medical Industry News

Lilly Strengthens Vaccine Strategy with Three Acquisitions

Eli Lilly and Company has announced acquisitions of three vaccine developers – Curevo, LimmaTech Biologics, and Vaccine Company – in deals valued at up to approximately $3.8 billion combined. The move signals Lilly’s renewed focus on infectious disease prevention and vaccine innovation. Acquisition Overview Curevo | up to $1.5B Developing a next-generation shingles vaccine candidate, […]

Gene Therapy

New Hypertension Drug and Topical Gene Therapy Gain Approvals in the US and UK

Two new treatments across very different therapeutic areas and modalities have received regulatory approvals in the U.S. and UK. AstraZeneca’s Baxfendy (baxdrostat) has been approved by the U.S. FDA as a new treatment option for adults with uncontrolled hypertension, in combination with other antihypertensive medicines. Meanwhile, Krystal Biotech’s VYJUVEK (beremagene geperpavec-svdt) has been approved by […]

Medical Industry News

BMS × Hengrui Pharma Enter Strategic Partnership Worth Up to $15.2 Billion

Bristol Myers Squibb and Hengrui Pharma have announced a global strategic collaboration and licensing agreement worth up to $15.2 billion. The collaboration covers 13 early-stage programmes across oncology, hematology, and immunology. Rather than a single asset licensing deal, this partnership combines multiple candidates and newly discovered programmes within a broader co-development framework. Partnership highlights 13 […]