The Latest
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China competition
Drugs from China are reshaping biotech. Track the licensing deals here.
Gilead Sciences became the latest company to strike a deal with a Chinese biotech, announcing Friday it will pay $80 million upfront to Genhouse Bio for a "synthetic lethality" cancer drug.
Updated Feb. 17, 2026 -
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Selecting the optimal cell therapy manufacturing platform
Navigating modular vs. integrated platforms—find the best path for your cell therapy program.
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FDA accepts BMS protein degrader for review; Disc rare disease drug rejected
Cytokinetics’ heart disease drug secured European approval. Elsewhere, Teva and Sanofi reported longer-term data from an experimental therapy targeting ulcerative colitis and Crohn’s disease.
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Ocular claims a win with eye drug data even as shares sink
Investors were looking for a greater difference between Ocular’s experimental medicine and a low-dose version of Eylea, analysts said.
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Deep Dive
Biotech M&A is accelerating. Track the deals that are happening here.
The roughly $30 billion deal Merck had been discussing with Revolution Medicines before talks reportedly fell apart would’ve ranked as the largest drug company acquisition since Pfizer’s buyout of Seagen.
Updated Jan. 26, 2026 -
Moderna shares jump as company affirms growth outlook
The mRNA specialist reiterated its financial estimates for 2026 amid a challenging U.S. regulatory environment where its influenza vaccine just hit a major setback.
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Vertex’s CRISPR therapy rebounds in latest earnings
Sales of Casgevy, a gene-edited treatment developed with CRISPR Therapeutics, more than tripled compared to the third quarter, a performance analysts saw as a bright spot in Vertex's report.
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Ultragenyx cuts jobs as it seeks path to profit in 2027
Another FDA knockback for a gene therapy has investors and analysts redrawing expectations for the rare disease drug developer.
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Deep Dive // IPO window
Biotech IPOs are the industry’s lifeblood. Track how they’re performing.
Veradermics, Eikon Therapeutics, Agomab Therapeutics and SpyGlass Pharma collectively raised more than $1.2 billion over the course of three days, and all either met or exceeded their offering targets.
Updated Feb. 4, 2026 -
Sanofi, looking for more ‘rigor,’ swaps CEO Hudson for ex-Merck KGaA chief Garijo
The move drew skepticism from investors despite multiple recent research setbacks that have left questions about Sanofi’s ability to confront Dupixent’s looming patent expiration.
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FDA removes box warnings for 6 menopausal therapies
The FDA has lifted longstanding and the most severe warnings off of hormone replacement therapies for menopausal women.
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HHS elevates officials into Kennedy’s inner circle in advance of midterms
The HHS secretary has four new senior advisors to help him “move faster and go further” on his Make America Healthy Again agenda.
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Deep Dive // Emerging biotech
Biotech startups are built on venture capital. Track funding rounds here.
Sanofi’s venture arm co-led an $85 million round for QuantX Biosciences, a company that’s developing a drug aimed at an increasingly popular immunological target known as STAT6.
Updated Feb. 10, 2026 -
Earnings roundup: Neurocrine slumps, Alnylam battles skeptics and Ascendis eyes a competitor
Neurocrine and Alnylam each face investor questions about the growth potential of key franchises. Ascendis, meanwhile, saw an upbeat sales report overshadowed by the progress of an emerging rival.
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News roundup
Lyell starts first-of-its-kind CAR-T trial; New coalition aims to boost European biotechs
Lyell’s trial will test its experimental cancer cell therapy directly against marketed counterparts. Elsewhere, Biogen swapped board chairs and venture firms are joining up at a “pivotal time” for Europe.
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BridgeBio scores with dwarfism drug, setting up showdown with BioMarin, Ascendis
The latest in a string of clinical wins, the late-stage data gives the company strong footing to compete with BioMarin's top seller.
Updated Feb. 12, 2026 -
Lowering drug costs is on Republicans’ minds. Democrats say GOP policies don’t help.
At a House subcommittee hearing last week, lawmakers on both sides of the aisle decried the nation’s high drug costs, but Democrats argued Medicaid cuts and lapsed Affordable Care Act subsidies are worsening the problem.
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Vaccines
FDA refuses to review Moderna’s mRNA flu vaccine
Moderna claimed that the decision, issued by top vaccine regulator Vinay Prasad, was “inconsistent” with prior FDA communications and went against the regulator’s established guidance for flu shots.
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Obesity drugs
Hims cancels plans to sell compounded GLP-1 pill after FDA backlash
Hims said it “deciding to stop offering access” to the treatment following escalating legal threats — among them a patent infringement suit Novo Nordisk filed against the company on Monday.
Updated Feb. 9, 2026 -
Seres to lay off staff, pause top program in latest reboot
The microbiome specialist, which for years has struggled to stay afloat, is cutting its staff by 30% and focusing resources on earlier, immunology-focused research.
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China competition
Madrigal turns to RNAi drugs from China to bolster MASH pipeline
The potentially $4.4 billion deal is Madrigal’s second with a China-based biotech and hands the company six preclinical RNA interference medicines for the common liver condition.
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News roundup
Evommune rockets on eczema data; AstraZeneca advances GLP-1 pill
Shares of Evommune nearly doubled on data suggesting it has a potential threat to Dupixent. Elsewhere, a closely watched narcolepsy drug got an FDA decision date and investors scrutinized Upstream’s asthma results.
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Trump administration
CDC moves to cut $600M in grants to Democrat-led states
The cut grants, which were viewed by Healthcare Dive, fund a wide swath of areas including workforce initiatives, STI prevention measures, health equity proposals, pediatric clinician training and others in California, Colorado, Illinois and Minnesota.
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Gilead dips as ‘strong’ earnings outweighed by high expectations for new HIV drug
Shares fell as much as 6% in after-hours trading, a decline one analyst guessed may be because Yeztugo’s trajectory isn’t matching investors’ sky-high hopes.
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FDA rejects Regenxbio treatment in another blow to gene therapy
The decision comes two weeks after the agency halted testing due to safety concerns and represents the latest regulatory setback for a gene therapy maker.
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Nektar, continuing comeback, says eczema drug’s effects hold up in follow-up study
The results vaulted Nektar’s market value to over $1 billion amid expectations the drug might prove a challenger to widely used medications like Dupixent.