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Avid Bioservices Acquired by GHO Capital Partners and Ampersand Capital Partners

Avid Bioservices Acquired by GHO Capital Partners and Ampersand Capital Partners

November 7th 2024

The merger agreement is valued at approximately $1.1 billion.

Denmark’s First AI Supercomputer for Drug Discovery Now Operational Under Novo Nordisk Foundation Commitment

Denmark’s First AI Supercomputer for Drug Discovery Now Operational Under Novo Nordisk Foundation Commitment

November 1st 2024

With DKK 600 million (US$87.4 million) in funding from the Novo Nordisk Foundation, the new supercomputer offers the potential to accelerate innovation in drug discovery.

Novartis and Monte Rosa Therapeutics Form $2.1 Billion Global License Agreement for MGD-based Therapeutics

Novartis and Monte Rosa Therapeutics Form $2.1 Billion Global License Agreement for MGD-based Therapeutics

October 29th 2024

The collaboration aims to advance clinical development of a Phase I drug candidate, MRT-6160, and to explore other therapeutic opportunities across multiple indications.

Merck Acquires Modifi Biosciences

Merck Acquires Modifi Biosciences

October 24th 2024

Merck is acquiring the Yale-spinout, which develops direct DNA modification-enabled cancer treatments.

REGiMMUNE and Kiji Therapeutics to Merge

REGiMMUNE and Kiji Therapeutics to Merge

October 23rd 2024

The merger will create a specialty company, REGiMMUNE/Kiji TX, for regulatory T cells.

Merck to Collaborate with Mestag Therapeutics in $1.9 Billion Deal to Identify Novel Targets for Inflammatory Diseases

Merck to Collaborate with Mestag Therapeutics in $1.9 Billion Deal to Identify Novel Targets for Inflammatory Diseases

October 18th 2024

Merck will deploy Mestag’s proprietary RAFT platform to investigate the pathogenic role that fibroblasts play in inflammatory diseases.

Behind the Headlines: Weight Loss Drugs; Price Controls; and Free COVID Therapies

Behind the Headlines: Weight Loss Drugs; Price Controls; and Free COVID Therapies

September 5th 2024

This Behind the Headlines news roundup panel discussion covers news items such as the weight loss drugs battle between Novo Nordisk and Eli Lilly, entering new territory through Lilly’s partnership with HAYA Therapeutics and long non-coding sequence mining. There was much discussion on how the inflation reduction act and Medicare price controls may or may not pertain—given the uncertainty around the presidential election results, and subsequent policy directions. The Centers for Disease Control making cost free COVID-19 diagnostics and therapies available was also evaluated.

Completion of $3.2 Billion Morphic Acquisition Expands Lilly’s IBD Portfolio

Completion of $3.2 Billion Morphic Acquisition Expands Lilly’s IBD Portfolio

August 28th 2024

The completed acquisition of Morphic expands Lilly's immunology pipeline with Morphic's oral integrin therapies for treating inflammatory bowel disease.

Merck to Gain Investigational Bispecific Antibody in $1.3 Billion Curon Biopharmaceutical Deal

Merck to Gain Investigational Bispecific Antibody in $1.3 Billion Curon Biopharmaceutical Deal

August 22nd 2024

Merck, known as MSD outside of the United States and Canada, will gain CN201, a next-generation bispecific antibody, from Curon Biopharmaceutical in a deal potentially worth up to $1.3 billion.

Genentech Enters an Approximately $2 Billion Deal to License Sangamo Therapeutics Technologies for Developing Neurodegenerative Disease Therapeutics

Genentech Enters an Approximately $2 Billion Deal to License Sangamo Therapeutics Technologies for Developing Neurodegenerative Disease Therapeutics

August 20th 2024

Genentech will have access to Sangamo’s capsid delivery platform and epigenetic regulation capabilities to develop genomic medicines for certain neurodegenerative diseases.