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    Deep Dive

    Biotech M&A is accelerating. Track the deals that are happening here.

    Gilead’s buyout of Arcellx is its largest company acquisition since spending $21 billion on Trodelvy maker Immunomedics in 2020.

    Updated 9 hours ago
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    AI is slashing jobs across industries. Will pharma be next?

    Despite a wave of AI-fueled layoffs, the pharma and biotech industries could be spared from massive cutbacks for now.

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    Roche gets FDA decision date on closely watched breast cancer drug

    The agency could by late December approve a therapy that Roche sees as potentially becoming a new treatment standard for certain breast tumors. 

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    News roundup

    Madrigal sees a stock sell-off; ex-Novartis exec heads to Daiichi

    Madrigal shares fell 11% despite again topping consensus sales numbers. Elsewhere, Daiichi Sankyo named a new research chief and J&J halted recruitment in an Alzheimer’s trial. 

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    Deep Dive // Emerging biotech

    Biotech startups are built on venture capital. Track funding rounds here.

    RA Capital has been the most active investor so far this year among the firms tracked by BioPharma Dive year, participating in 6 funding rounds all with at least $103 million in total proceeds.

    Updated Feb. 20, 2026
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    Grail’s multi-cancer early detection test misses study goal

    Shares in the company lost about half their value in Friday trading after use of the test wasn’t associated with a statistically significant reduction in late-stage cancer diagnoses.

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    Emerging biotech

    Altesa, run by former Trump official, raises $75M for well-traveled lung drug

    Led by Brett Giroir and GSK’s ex-chief medical officer, Altesa is advancing a medicine that’s changed hands multiple times and once failed a study in asthma.  

    Updated Feb. 20, 2026
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    Vaccines

    FDA reverses course on Moderna’s flu vaccine

    In response to a query from BioPharma Dive, an HHS spokesperson said the FDA will “maintain its high standards during drug review and potential licensure stages.”

    Updated Feb. 19, 2026
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    Alamy
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    Psychedelics stocks rise as Compass’ psilocybin drug heads to FDA

    Shares of at least four other developers were up by mid-single digits to low-double digits at certain points on Tuesday.

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    Brain drug revival

    An Alzheimer’s startup emerges with $175M in venture backing

    Backed by Wellington, Sanofi Ventures and a division of J.P. Morgan, Korsana Therapeutics is studying a treatment originally developed by hub-and-spoke biotech Paragon Therapeutics.

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    Deep Dive // IPO window

    Biotech IPOs are the industry’s lifeblood. Track how they’re performing.

    Generate Biomedicines outlined terms for an offering that, at its midpoint, could be worth $400 million — the most since Acelyrin’s $540 million stock issuance in May 2023.

    Updated 5 hours ago
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    Compass, with Phase 3 hits, ready to take psilocybin to the FDA

    The company plans to meet with the FDA to discuss a rolling approval application for “COMP360,” a synthetic form of psilocybin that could become the first “classic” psychedelic cleared for the U.S. market.

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    Lilly to pay CSL $100M to license monoclonal antibody targeting IL-6

    The Australian company will retain rights for an end-stage kidney disease indication currently being tested in a Phase 3 trial while Lilly explores other uses.

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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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    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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    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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    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.

  • A sign for the Food And Drug Administration is seen outside of the headquarters on July 20, 2020 in White Oak, Maryland.
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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.

    FDA
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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.

    FDA
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    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