Tag: Investments

Amgen sells its Turkish manufacturing arm for $135M

Amgen, which has been beefing up its U.S. manufacturing operations, sold its stake in Turkey’s oldest pharmaceutical company Gensenta...

Pfizer and BioNTech announce new $3.2 billion agreement to supply the COVID-19 vaccine to the US

Pfizer Inc. and BioNTech SE announced today a new vaccine supply agreement with the U.S. government, according to which...

Fujifilm plans a $1.6 billion expansion at CDMO facilities in Denmark and Texas

Fujifilm isn’t slowing down on its expansion roll. Just a few months after it bought Shanandoah Biotechnology for an...

Spero Therapeutics plummets 15% as FDA rejects new drug application

Spero Therapeutics , Inc. shares plunged around 15% after-hours following the company’s announcement, according to which the U.S. Food...

Sutro Biopharma shares soar 67% due to cooperation with Astellas in cancer treatment

Sutro Biopharma Inc. shares leaped 67% to $7.24 a share in U.S. after-hours trading after the South San Francisco...

Biotech investors focus on biotechs with drugs closer to market

Biotech investors nursing losses from stock price falls are now focusing on firms which are closer to getting their...

Bristol Myers must face $6.4 bln lawsuit over delayed cancer drug

A U.S. judge on Friday refused to dismiss a $6.4 billion lawsuit accusing Bristol Myers Squibb Co of delaying...

Gurnet Point Capital, Patient Square Capital agreed to pay up to $890 million for biotechnology

Radius Health, a maker of bone and cancer drugs, has agreed to be taken private in an acquisition worth...

AVEO Oncology signs collaboration and supply agreement with Eli Lilly

AVEO Oncology Inc. said it has entered into a clinical trial collaboration and supply agreement in North America with...

Novartis loses over $2.7 billion in patent appeal of multiple sclerosis drug

A U.S. appeals court on Tuesday ruled that a patent related to Swiss drugmaker Novartis AG's blockbuster multiple sclerosis...

Alladapt announces $119M institutional financing to support ongoing clinical development

Alladapt Immunotherapeutics Inc., a private, clinical-stage biopharmaceutical company developing prescription therapeutics to address IgE-mediated food allergy, announced today the...

ResApp stock returned from trading halt, down 29%

The ResApp Health Ltd share price has returned from its trading halt and taken a tumble. In morning trade,...