AstraZeneca pays 666% premium to buy struggling biotech
 

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UnitedHealth closes acquisition of Change Healthcare

Just weeks after securing a federal court win allowing their merger to go forward, UnitedHealth Group has completed its controversial acquisition of Change Healthcare.
 

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Biogen's last-gasp effort to reinstate Tecfidera patent fails at Supreme Court

In going all the way to the U.S. Supreme Court in a bid to reinstate the patent of blockbuster drug Tecfidera, Biogen was throwing a desperation Hail Mary. On Monday morning, the attempt was swatted away as the court decided not to hear the case

Spying a devilish deal, AstraZeneca pays 666% premium to buy genomic medicine biotech

AstraZeneca has identified a shortcut to prominence in the genomic medicine space. Working through its Alexion rare disease unit, the Big Pharma has struck a deal to snap up struggling LogicBio Therapeutics to secure technology platforms and expertise in their use.

MIT team develops burrowing robotic pill to break through the intestine's drug-blocking mucus

Researchers at the university have developed a motorized pill with a spinning, augerlike end piece designed to displace the mucus and deliver its payload directly to the organ.

Medicare open enrollment is on the horizon. Here's what 5 major payers have planned

Medicare's annual enrollment period opens soon, and major insurers are making the pitch now to potential members in the coming year.

As Rubraca faces questions in ovarian cancer, Clovis trots out a prostate cancer partial win

Clovis Oncology is already fighting the FDA over expanding Rubraca into an earlier treatment line in ovarian cancer. Now, the company hopes the U.S. regulator could allow the troubled PARP inhibitor a similar move in prostate cancer—but the situation is complicated.

After $100M deal, J&J links gene therapy to improved vision in early-phase trial

Johnson & Johnson has posted clinical data on its $100 million gene therapy bet. The Big Pharma linked its inherited retinal disease candidate to improved vision in a phase 1/2 clinical trial, offering insights into how it may perform in an ongoing pivotal study.

Tasso's at-home blood sample collectors to arm Catapult's virtual checkups

Catapult will propel the Tasso+ blood collector into people's homes as part of its VirtualCheckup program.

Kite's viral vector ambitions take flight as the Gilead subsidiary wins FDA nod for SoCal production plant

Kite's viral vector plant in Southern California has been cleared for liftoff, and, with that, the Gilead company is touting its position as the only cell therapy player able to make in-house viral vectors for both its pipeline prospects and pair of commercial CAR-Ts.

PACT unveils teased business venture, sells off select assets and South San Francisco facility to AmplifyBio

More than a month after PACT Pharma said it was diverting some 50 employees to a new business development venture, the company has unveiled its plan. PACT is selling off select assets and its manufacturing facility to AmplifyBio.

Even 'relatively weak' hurricane could sideline hundreds of coastal hospitals, study warns

A new analysis estimates 25 coastal metros would see the majority of their hospitals hamstrung by a Category 2 hurricane or stronger. The number is only expected to increase as climate change raises sea levels.

SPAC on track: Preclinical T-cell company Estrella latest in string of biotechs to take blank check route

A string of recent biotech SPAC mergers in biotech could put the so-called blank check deals back on track after near-extinction. The latest is early-stage cancer therapeutics company Estrella Biopharma, which signed a deal to merge with TradeUP Acquisition. Corp.

Roche Diagnostics taps North American head Sause to be next CEO

Roche has named the next CEO for its diagnostics efforts, as its prior division chief, Thomas Schinecker, is waiting in the wings to head up the Big Pharma overall starting next March.
 
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