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STAT+: Sanofi enters vaccine licensing deal with Novavax, giving beleaguered biotech a lifeline

STAT

While Novavax’s stock soared during the pandemic as the vaccine race was underway , the company failed to get its shot authorized in the U.S. market until July 2022 , long after the makers of mRNA vaccines had reaped billions in sales. Continue to STAT+ to read the full story…

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Fierce Pharma Asia—WuXi Bio's plunge; Daiichi-Novartis $182M settlement; Merck KGaA's Abbisko deal

Fierce Pharma

WuXi Biologics' gloomy business update triggered a stock market avalanche. WuXi Biologics' gloomy business update triggered a stock market avalanche. Daiichi Sankyo and Novartis reached a $182 million settlement on their BRAF drug patent dispute.

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STAT+: Humana projects a tough road for Medicare Advantage, sinking its stock

STAT

Humana’s Medicare Advantage business is faring even worse than the company let on last week , with “unprecedented” numbers of older adults getting medical care and busting through its tactics for holding up payment. Continue to STAT+ to read the full story…

Insurance 107
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AstraZeneca considers spinning off its China business

The Guardian - Pharmaceutical Industry

UK’s largest stock-market-listed firm weighs up Hong Kong or Shanghai listing to shield it from geopolitical tensions Business live – latest updates AstraZeneca is considering spinning off its business in China and listing it in Hong Kong or Shanghai to shield the multinational drugmaker from geopolitical tensions.

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STAT+: SVB, biotech’s bank of choice, just failed. It could have ripple effects

STAT

Silicon Valley Bank, which does business with roughly half of the nation’s tech and biotech companies, failed on Friday. Its parent company, SVB Financial, had lost more than 66% of its market value over two days after dumping billions of dollars of bonds to shore up its balance sheet.

Insurance 145
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Top 20 Diagnostics Companies Based on 2022 Total Revenue

PharmaShots

The diagnostic and testing companies have been serving as a pivotal foundation stone of the healthcare sector With a global market value of $165.58B in 2021, the diagnostic and testing market size is anticipated to touch the threshold of $348.75 The company divides its business into Life Science and Clinical Diagnostic Segments.

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STAT+: DarioHealth acquires Twill, hoping it’s a shortcut to profitability

STAT

DarioHealth, which makes apps for managing chronic diseases, today announced it will acquire digital mental health company Twill for $10 million in cash plus stock valued at over $20 million at the end of Tuesday trading. In November, the company reported that it lost over $40 million in the first nine months of 2023.

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