BMS preps for CAR-T growth with $380m Cellares deal
pharmaphorum
APRIL 22, 2024
Bristol-Myers Squibb has shored up manufacturing of its CAR-T therapies by reserving exclusive capacity wt contract manufacturer Cellares in $380m deal
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pharmaphorum
APRIL 22, 2024
Bristol-Myers Squibb has shored up manufacturing of its CAR-T therapies by reserving exclusive capacity wt contract manufacturer Cellares in $380m deal
Fierce Pharma
APRIL 7, 2024
Last year closed with a flurry of big-money biopharma deals. Market research by McKinsey found that smaller, strategic M&A deals provide greater shareholder returns than multibillion-dollar acquisitions. Analysts from McKinsey and Project Farma explain why and offer advice on how to optimize deals.
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pharmaphorum
APRIL 2, 2024
The deal, which has a top-end value of $900 million including $90 million in near-term payments, focuses on STRO-003, a preclinical-stage ADC targeting receptor tyrosine kinase-like orphan receptor 1 (ROR1).
Fierce Healthcare
JANUARY 31, 2024
Cigna will sell off its Medicare business to Health Care Service Corporation in a deal valued at $3.7 HCSC will acquire Cigna's Medicare Advantage, Part D, supplemental benefits and CareAllies businesses, and the parties expect the deal to close in the first quarter of 2025. billion, the company announced Wednesday.
pharmaphorum
FEBRUARY 28, 2024
AbbVie has made another bolt-on deal in the immunology and inflammation category, paying $48 million upfront for rights to an antibody in preclinical development at OSE Immunotherapeutics.
STAT
MARCH 25, 2024
LONDON — Novo Nordisk said Monday it would acquire the German firm Cardior Pharmaceuticals in a deal worth up to $1.1 The deal is expected to close in the second quarter. billion, picking up additional drug candidates for its pipeline of cardiometabolic medicines. Continue to STAT+ to read the full story…
pharmaphorum
FEBRUARY 7, 2024
Jazz Pharmaceuticals has agreed another pipeline-building deal, this time paying $10 million upfront for rights to a KRAS inhibitor programme from UK biotech Redx Pharma, continuing a move into targeted cancer therapies.
Fierce Healthcare
SEPTEMBER 11, 2023
billion union with Optum, even as the feds take a closer look at the deal. billion union with Optum, even as the feds take a closer look at the deal. Shareholders in home health company Amedisys have approved its $3.3 Shareholders in home health company Amedisys have approved its $3.3
STAT
MARCH 14, 2024
LONDON — AstraZeneca said Thursday it would purchase the French firm Amolyt Pharma in a deal worth up to $1 billion, picking up a rare disease drug in a pivotal trial. AstraZeneca framed the deal for Amolyt, which has focused on treatments for rare endocrine diseases, as a boost for its own rare disease pipeline.
STAT
APRIL 11, 2024
We discuss a multibillion-dollar deal from Vertex Pharmaceuticals with sweeping implications and a lengthy backstory. Is biotech stale? And remember Dendreon? We cover all that and more this week on “The Readout LOUD,” STAT’s biotech podcast. Read the rest…
Pharmaceutical Technology
MARCH 19, 2024
In addition to drug discovery deals, NVIDIA also announced partnerships with J&J MedTech and GE Healthcare for genAI in MedTech.
STAT
MARCH 26, 2024
Troubled hospital operator Steward Health Care, grappling with a financial crisis that’s engulfed its eight Massachusetts hospitals, has moved to shore up its finances by striking a deal to sell its nationwide physician network to insurance giant UnitedHealth’s Optum Care unit.
Fierce Pharma
APRIL 25, 2024
CEO Pascal Soriot argued the deals were made to build the company’s future. . | After AstraZeneca’s recent acquisitions of various technologies across different therapeutic areas, some investors started to wonder if the British pharma is stretching too thin.
pharmaphorum
MARCH 11, 2024
Boehringer Ingelheim has taken an option on a family of GPR52 agonist compounds with potential in schizophrenia from Sosei Heptares, in a €755m deal
Fierce Pharma
APRIL 4, 2024
As Teva advances its Pivot to Growth strategy under CEO Richard Francis, the company is making good on its pledge to beef up its biosimilar pipeline through outside deals. Teva has unveiled a fresh in-licensing accord with Spain’s mAbxience to chip in on an investigational biosimilar spanning multiple oncology indications.
pharmaphorum
NOVEMBER 30, 2023
billion deal to buy ImmunoGen and its marketed ovarian cancer drug. AbbVie has moved to shore up its pipeline following the loss of patent protection for its top-selling drug with a $10.1
pharmaphorum
MARCH 19, 2024
AstraZeneca upgrades its radiopharma alliance with Fusion Pharma, opting to buy the biotech outright in a deal worth around $2 billion
Fierce Healthcare
NOVEMBER 17, 2023
The Federal Trade Commission (FTC) has stepped in to block a California hospital deal it said will result in less competition and higher healthcare costs. |
Fierce Healthcare
FEBRUARY 27, 2024
LOS ANGELES — Healthcare data and tech company Veradigm is picking up ScienceIO in a $140 million deal to build out large language models for healthcare. | Veradigm plans to use the company's platform to create its own proprietary large language models on its own massive dataset, which includes 400,000 providers and over 200 million patients. (..)
Fierce Pharma
FEBRUARY 28, 2024
On the back of its $350 million deal for two late-stage Idorsia assets, Viatris will continue to be “opportunistic” when it comes to making future business development grabs—especially on the comme | On the back of its $350 million deal for two late-stage Idorsia assets, Viatris will continue to be “opportunistic” when it comes to making future business (..)
European Pharmaceutical Review
APRIL 23, 2024
The deal is valued at up to $380 million in upfront and milestone payments. ” AstraZeneca to boost cell therapy operations with $300m manufacturing investment The post BMS inks CAR T cell therapy manufacturing deal with Cellares appeared first on European Pharmaceutical Review.
STAT
OCTOBER 11, 2023
New data from Pitchbook and the National Venture Capital Association show that both the number of deals and the amount of money that’s being invested in life science companies are down significantly. So far this year, there have been 1,384 VC deals struck in the field, the lowest figure since 2013.
Fierce Pharma
DECEMBER 14, 2023
Pfizer’s $43 billion acquisition of Seagen is in the books, the company said on Thursda | It’s a done deal. Pfizer’s $43 billion acquisition of Seagen is in the books, as it becomes the largest M&A transaction in the biopharma industry since AbbVie snatched up Allergan for $63 billion in 2019.
pharmaphorum
DECEMBER 4, 2023
Roche has agreed a deal to acquire US biotech Carmot Therapeutics that if consummated will thrust it into the increasingly competitive market for incretin-based therapies for diabetes and obesity. The Swiss pharma group has agreed to pay $2.7
European Pharmaceutical Review
MARCH 11, 2024
The manufacturer Olympus Corporation has announced the rescission of an earlier acquisition deal due to reported data integrity issues of medical device products from Taewoong Medical Co., Data integrity issues The concerns around these products were found after the closing of the deal, Olympus noted.
pharmaphorum
JANUARY 1, 2024
Roche has agreed a $295 million deal to buy a point-of-care diagnostics platform from LumiraDx, which recently went into administration
Fierce Healthcare
SEPTEMBER 26, 2023
Virgin Pulse and benefits administrator HealthComp are set to merge in a $3 billion deal that aims to drive lower costs and improve outcomes for employers. Virgin Pulse and benefits administrator HealthComp are set to merge in a $3 billion deal that aims to drive lower costs and improve outcomes for employers.
STAT
FEBRUARY 5, 2024
billion deal, an acquisition that will give Novo additional sites as it builds up production of its booming obesity and diabetes drugs. Under the deal, Novo Holdings is purchasing Catalent, a major contract development and manufacturing company with more than 50 sites globally.
pharmaphorum
NOVEMBER 23, 2023
AstraZeneca joins KRAS push in cancer with Chinese deal Phil.Taylor Thu, 23/11/2023 - 16:46 Bookmark this
pharmaphorum
FEBRUARY 27, 2024
Novo Nordisk has signed a wide-ranging deal with US molecular glue biotech Neomorph that could be worth up to $1.46
Fierce Pharma
NOVEMBER 20, 2023
s drug pricing policy, the pharma industry has secured a new government spending deal featuring a higher revenue cap and an innovative drug-friendly rebate mechanism. s drug pricing policy, the pharma industry has secured an improved government spending deal. After blasting the U.K.’s After blasting the U.K.’s
pharmaphorum
JANUARY 2, 2024
Astellas has licensed up to four macrophage enhancer drugs with potential as cancer immunotherapies from Elpiscience in a $1.7bn deal
European Pharmaceutical Review
DECEMBER 22, 2023
Under the terms of the deal, BMS will acquire all outstanding shares of Karuna Therapeutics common stock for $330.00 The deal includes Karuna’s lead asset KarXT (xanomeline-trospium), a potential first-in-class treatment for schizophrenia. Bristol Myers Squibb (BMS) has agreed to acquire Karuna Therapeutics for a total of $14.0
Fierce Healthcare
MARCH 27, 2024
Steward Health Care is planning to sell off its physician group to UnitedHealth Group’s Optum in order to right its struggling finances, according to documents filed with Massachusetts state regula | The proposed deal is under review from Massachusetts' healthcare regulator, but has already drawn antitrust concerns from federal lawmakers who pointed (..)
Fierce Healthcare
JUNE 26, 2023
Amedisys on Monday agreed to be acquired by UnitedHealth's Optum unit in an all-cash deal while also scraping a previous all-stock deal offer from previous suitor Option Care Health. UnitedHealth Group has once again flexed its muscles and outbid a competitor to pick up another home health asset.
Fierce Healthcare
FEBRUARY 13, 2024
Private equity firms have seen plenty of potential in the rapidly growing Medicare Advantage space, but deal volumes are slowing, according to a new report. Private equity firms have seen plenty of potential in the rapidly growing Medicare Advantage space, but deal volumes are slowing, according to a new report.
Fierce Healthcare
APRIL 8, 2024
billion across 133 deals, with an average deal size of $20.6 Digital health startups are navigating a tougher funding environment with lower check sizes and more attention to evidence-based outcomes in 2024. | In the first quarter, U.S. digital health startups raised $2.7 million, according to an analysis by Rock Health.
Drug Store News
SEPTEMBER 1, 2023
Four weeks of anniversary deals start Sept. 1 and run through Sept. 28, with new products and promotions each week, both in-store and online.
pharmaphorum
FEBRUARY 5, 2024
The deal includes $11 billion upfront to buy the fill-finish sites that Novo Nordisk said will enable “an expansion of the manufacturing capacity at scale and speed while providing future optionality and flexibility for Novo Nordisk’s existing supply network.”
Fierce Pharma
FEBRUARY 1, 2024
Even after the acquisitions of Prometheus and Acceleron, Merck is ready to make more deals in the $1 to $15 billion range, according to CEO Rob Davis.
Fierce Healthcare
JANUARY 25, 2024
Regulators are pumping the brakes on Novant Health’s deal to buy two North Carolina hospitals from Community Health Systems (CHS), citing concerns of higher healthcare costs and little incentive fo | The transaction for Lake Norman Regional Medical Center, Davis Regional Medical Center and other assets would give Novant Health 65% control of the inpatient (..)
Fierce Healthcare
NOVEMBER 7, 2022
Walgreens' VillageMD inks $9B deal to buy Summit Health, marking largest physician deal of the year. Mon, 11/07/2022 - 11:57.
STAT
NOVEMBER 20, 2023
and the pharmaceutical industry have reached a deal on a five-year plan outlining how the health system pays for drugs, as the country tries to keep a lid on its medicines spending while simultaneously building up its life sciences industry. LONDON — The U.K.
Fierce Pharma
JANUARY 9, 2024
San Francisco—Despite its recent $43 billion acquisition of Seagen, Pfizer is still on the lookout for deals centered on antibody-drug conjugates | Despite its recent $43 billion acquisition of Seagen, Pfizer is still on the lookout for deals centered on antibody-drug conjugates, Pfizer’s newly minted chief oncology officer Chris Boshoff, Ph.D.,
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