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United Kingdom Biotech Report Finds 29% Uptick in Funding

United Kingdom Biotech Report Finds 29% Uptick in Funding

August 14th 2023

A report from the UK Bioindustry Association report indicated that biotech venture and public financing rose from £295 million in the first quarter to £382 million in the second quarter.

Cytomos Secures £4 Million to Develop Spectroscopy Platform

Cytomos Secures £4 Million to Develop Spectroscopy Platform

August 14th 2023

Cytomos will use the £4 million in funding to develop its dielectric spectroscopy technology.

Novartis Finalizes Chinook Therapeutics Acquisition in Deal Worth Up to $3.5 Billion

Novartis Finalizes Chinook Therapeutics Acquisition in Deal Worth Up to $3.5 Billion

August 11th 2023

Novartis has completed its acquisition of biopharma company Chinook Therapeutics.

Regeneron Pharmaceuticals to Acquire Decibel Therapeutics

Regeneron Pharmaceuticals to Acquire Decibel Therapeutics

August 10th 2023

The initial collaboration between the two companies began in 2017 with an extension announced in 2021.

iTolerance and Northway Biotech Form Manufacturing Pact for Fusion Protein

iTolerance and Northway Biotech Form Manufacturing Pact for Fusion Protein

August 4th 2023

Under a manufacturing agreement, Northway Biotech will develop a manufacturing process for iTolerance’s fusion protein in development for regenerative therapy.

Biogen to Acquire Reata Pharmaceuticals for $7.3 Billion

Biogen to Acquire Reata Pharmaceuticals for $7.3 Billion

August 1st 2023

Biogen’s acquisition of Reata will grant them access to Reata’s FDA-approved treatment for Friedreich’s ataxia.

AstraZeneca and Pfizer Ink $1 Billion Rare Disease Deal

AstraZeneca and Pfizer Ink $1 Billion Rare Disease Deal

August 1st 2023

AstraZeneca, via its subsidiary Alexion Pharmaceuticals, will purchase a portfolio of preclinical rare disease gene therapies from Pfizer in a deal worth up to $1 billion.

Biovian Invests €50 Million in Manufacturing Facility in Finland

Biovian Invests €50 Million in Manufacturing Facility in Finland

July 28th 2023

The expansion project is aimed to be completed in December 2024 and the new facility will be fully operational by 2025.

Teva Pharmaceuticals and Alvotech Expand Existing Biosimilars Partnership

Teva Pharmaceuticals and Alvotech Expand Existing Biosimilars Partnership

July 27th 2023

Teva Pharmaceuticals and Alvotech will expand their partnership for the development and commercialization of biosimilar candidates.

Roche and Alnylam Strike $2.8 Billion RNAi Deal

Roche and Alnylam Strike $2.8 Billion RNAi Deal

July 27th 2023

Roche will pay up to $2.8 billion for the rights to Alnylam’s RNA-based hypertension therapeutic.