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    Deep Dive

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

    AbbVie’s $10.9 billion acquisition of Apogee Therapeutics is the year’s second-largest biotech buyout and the company’s biggest since its $63 billion takeover of Allergan in 2019.

    Updated June 22, 2026
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    News roundup

    FDA accepts Replimune filing; Merck KGaA drops $11B on life sciences services

    Replimune’s application is the latest example of changing attitudes at the FDA. Elsewhere, Revolution Medicines outlined more RAS-blocking data and a Definium stock offering brought in $800 million.

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    On second try, Acadia drug gets nod from European regulators

    The influential CHMP committee also threw its support behind more than a dozen other medicines while recommending the marketing authorization for Tavneos be revoked.

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    Sarah Silbiger via Getty Images
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    Ionis, with new FDA nod, hits a ‘commercial inflection point’

    Historically seen as a "platform monetization story," according to one analyst, Ionis now has a potential multibillion-dollar medicine in Tryngolza, which secured expanded approval Wednesday.

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    Deep Dive // IPO window

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

    This year’s IPO class has already accounted for five of the six largest new biotech stock offerings since the start of 2022, according to BioPharma Dive data.

    Updated June 17, 2026
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    Remix to go public in reverse merger with once high-flying Passage Bio

    The transaction marks the latest turn in the fortunes of Passage Bio, one of the companies started by gene therapy pioneer Jim Wilson.

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    Antares gets $105M from Novartis for new cancer drugs

    Adam Friedman, CEO of the Scorpion Therapeutics spinout, said the deal helps both companies accelerate research "faster than either of us could alone."

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    Emerging biotech

    Ollin refuels with $330M to back pivotal tests of Vabysmo challenger

    One of the year’s largest venture funding rounds comes just after a head-to-head study showed Ollin’s drug — licensed from a China-based developer — had certain advantages over Roche’s eye treatment.

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    Deep Dive // Emerging biotech

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

    Since Monday, five privately held biotech companies have announced a total of $450 million in venture funding, one of the busiest weeks for fundraising since April.

    Updated June 25, 2026
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    NIAID. (2023). "Influenza A virus" [Micrograph]. Retrieved from Flickr.
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    Emerging biotech

    Investors pour $115M into RQ Bio in search of a preventive flu drug

    The startup claims to have a “differentiated” antibody that can provide long-lasting protection against a variety of influenza strains.

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    News roundup

    Sangamo holds a bankruptcy sale; VCs back a China-linked Beam competitor

    Eli Lilly and Astellas will be the lead bidders at an auction for Sangamo assets. Elsewhere, an investor syndicate committed $230 million to a gene editing startup and Merck KGaA struck a “build-to-buy” deal.

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    China competition

    HHS, responding to China’s rise, moves to fast-track early drug research

    A series of newly planned reforms are designed to entice companies to start early trials in the U.S. rather than overseas.

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    China competition

    Drugs from China are reshaping biotech. Track the licensing deals here.

    AstraZeneca, Pfizer and Bristol Myers Squibb have each allocated more than $16 billion to collaborations with Chinese drugmakers since the start of 2025 — surpassing all of their pharmaceutical peers over that timeframe.

    Updated June 1, 2026
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    Pfizer drug acquired in Seagen deal disappoints in lung cancer study

    The setback dims the outlook for a medicine Pfizer sees as an important contributor going forward, though some analysts are optimistic about the drug’s chances in another trial.

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    Alamy
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    AbbVie to acquire Apogee, staking nearly $11B on long-acting autoimmune drugs

    AbbVie’s largest deal in more than half a decade adds a group of immune disease medications — among them a Dupixent competitor — the company believes to have “mega-blockbuster” sales potential.

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    News roundup

    Sanofi swaps R&D leaders; Merck’s Prometheus deal pays dividends

    Houman Ashrafian is leaving Sanofi to pursue a new opportunity. Elsewhere, one of Merck’s prized immune drugs succeeded in a pivotal study and a psychedelics biotech’s shares surged.

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    Regenxbio to resubmit gene therapy as FDA backtracks on another drug rejection

    The agency took another step toward clearing a backlog of Makary-era rejections that appeared to contradict earlier agreements with drugmakers.

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    Startup launches

    Bionyra brings in $165M for next-generation immune drugs

    The biotech, co-founded by Sofinnova Partners and a former Sanofi immunology R&D head, is testing new biologics against common immune conditions.

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    Hospitals irate after Eli Lilly follows through on 340B ultimatum

    The drugmaker stopped paying 340B discounts to hospitals that didn’t comply with its new paperwork requirements late last week. Hospitals are urging HRSA to step in.

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    Vaccines

    Moderna flu vaccine wins unanimous support from FDA panel

    The endorsement of an advisory committee positions Moderna to complete a dramatic turnaround for a shot the FDA declined to review earlier this year.

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    UniQure to file gene therapy for approval, reflecting major shifts at FDA

    The decision marks another regulatory U-turn following the exits of Marty Makary and Vinay Prasad, suggesting to some analysts that current FDA leadership may be more flexible in certain cases. 

    FDA
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    Biogen adds more immune drugs in $1B buyout of secretive startup RayThera

    The companies didn’t specify the drugs Biogen is acquiring in the deal, though patents RayThera secured provide important clues. 

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    Startup launches

    cAMPfield lands $180M to build gut disease drug

    The biotech is advancing an anti-inflammatory drug that originated with vTv for inflammatory bowel diseases, leaning on a better side effect profile.

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    News roundup

    Pfizer CFO to step down; Denali sells a regulatory fast-pass

    A search is underway for a successor to Dave Denton, who took a job outside the pharmaceutical industry. Elsewhere, a new kind of Duchenne gene therapy got venture backing and a GSK deal paid dividends.

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    IPO window

    Kardigan extends biotech’s streak of big IPOs with $400M haul

    Including the heart drug developer’s offering, four biotechs in 2026 have raised at least $400 million in IPO proceeds — the most in a single year since 2021, according to BioPharma Dive data.