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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 drug Gilenya was invalid, potentially...

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 closing of a $119 million...

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, the digital health company’s shares...

Mereo BioPharma rises as AstraZeneca reportedly considers buying

Shares of Mereo BioPharma (MREO), a small biotech company focused on developing therapies for cancer and rare diseases surged 62.5% on Jun 17, following...

Merck looks to acquire Seagen

Pharmaceutical giant Merck is exploring a possible purchase of biotech company Seagen, according to The Wall Street Journal. No deal is imminent, sources told the...

Pfizer to buy 8.1% stake in vaccines company Valneva

U.S. healthcare giant Pfizer has agreed to invest 90.5 million euros ($95.24 million) to buy an 8.1% percent stake in French vaccines company, as...
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