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Royalty Pharma Places $500 Million Bet on Ferring Gene Therapy

Royalty Pharma Places $500 Million Bet on Ferring Gene Therapy

August 24th 2023

Royalty Pharma agreed to spend up to $500 million for a 5.1 to 8% royalty on net sales of Ferring’s gene therapy adstiladrin (nadofaragene firadenovec-vcng).

Capstone Health Alliance and Bright Path Laboratories Enter Drug Shortage Agreement

Capstone Health Alliance and Bright Path Laboratories Enter Drug Shortage Agreement

August 24th 2023

Bright Path will develop and produce APIs for hospitals facing drug shortages in the Capstone Health Alliance.

Revive Therapeutics Announces Initiation of New Bucillamine Formulation Development

Revive Therapeutics Announces Initiation of New Bucillamine Formulation Development

August 24th 2023

The formulation will be used to mitigate emerging infectious diseases and public health emergencies.

LEO Pharma to Acquire Timber Pharmaceuticals

LEO Pharma to Acquire Timber Pharmaceuticals

August 22nd 2023

The deal is worth up to $36 million with an initial upfront consideration of $14 million, with an additional $22 million in contingent value rights (CVRs) that is payable upon achieving certain milestones.

Absci and Caltech Collaborate to Accelerate Affordable HIV Therapeutic Vaccine

Absci and Caltech Collaborate to Accelerate Affordable HIV Therapeutic Vaccine

August 17th 2023

A major grant from the Bill & Melinda Gates Foundation will bolster efforts to fight the global HIV/AIDS epidemic.

Parexel and Partex Enter AI Alliance

Parexel and Partex Enter AI Alliance

August 16th 2023

The collaboration between Parexel and Partex is designed to leverage artificial intelligence-powered solutions to accelerate drug discovery and development.

Gilead and Tentarix Strike Three Cancer And Inflammation Partnership Deals

Gilead and Tentarix Strike Three Cancer And Inflammation Partnership Deals

August 16th 2023

Gilead and Tentarix established three multi-year collaborations to discover and develop multi-functional, conditional protein therapeutics for oncology and inflammatory diseases.

Harmony Biosciences to Acquire Zynerba Pharmaceuticals

Harmony Biosciences to Acquire Zynerba Pharmaceuticals

August 15th 2023

Zygel is the first and only pharmaceutically manufactured, synthetic cannabidiol that is formulated as a patient-protected permeation-enhanced gel for transdermal delivery.

Lilly Completes Spate of Acquisitions

Lilly Completes Spate of Acquisitions

August 15th 2023

The completion of three acquisitions of Versanis Bio, Sigilon Therapeutics, and DICE Therapeutics boosts Eli Lilly and Company’s product pipeline in obesity, diabetes, and immunology.

Rakuten Medical Signs Exclusive Licensing Agreement with Hikma for Cancer Treatments in MENA

Rakuten Medical Signs Exclusive Licensing Agreement with Hikma for Cancer Treatments in MENA

August 15th 2023

Under the exclusive agreement, Hikma will commercialize products in Rakuten Medical’s pipeline for cancer treatment in the Middle East and North Africa region.