Biotech
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Biotech startup funding dried up in second quarter, HSBC finds
Overall venture funding, as well as “first financing” rounds, fell significantly in the second quarter, erasing what had been a…
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Cancer drugmaker LaNova to sell to China’s Sino Biopharm
Sino Biopharmaceuticals plans to pay up to $950.9 million to acquire LaNova Medicines, which previously licensed drugs to Merck and…
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Jazz names new CEO; Ultragenyx, Mereo shares slide on trial update
Current operations chief Renee Gala will succeed Bruce Cozadd at Jazz. Meanwhile, a key study of an Ultragenyx and Mereo…
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With Verona deal, Merck wagers on strength of lung drug’s patents
The main patent for Ohtuvayre, the COPD drug at the heart of Verona’s $10 billion sale, expired in 2020. For…
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Lilly gets FDA OK of modified dosing for Alzheimer’s drug
A slower ramp-up of Kisunla dosing lowers the rate of dangerous brain swelling, a risk that has made doctors reluctant…
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Medical groups, pregnant doctor sue RFK Jr. over vaccine changes
The complaint argues Kennedy’s actions to remove the COVID vaccine from the CDC's immunization schedule for pregnant people and healthy…
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Regeneron bispecific approved for myeloma; Concentra to buy IGM
Lynozyfic is one of two bispecific antibodies Regeneron hopes will lift its oncology business. Meanwhile, IGM is the latest struggling…
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Organon drug for endometriosis falls short in mid-stage study
Company executives had seen the drug as a potential multi-billion dollar opportunity in women’s health.
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Atai and Beckley, set to merge, reveal study success for psychedelic drug
Positive study results in Phase 2 lead to a green light for the companies’ combination and plans to move their…
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FDA takes major step to ease access to CAR-T therapy
The agency removed some onerous requirements for the complex cancer drugs and reduced restrictions on patients’ post-treatment movement.
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