The Latest
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China competition
Drugs from China are reshaping biotech. Track the licensing deals here.
AbbVie is paying up to $757 million in a deal to license two experimental migraine drugs from Beijing-based Brise Pharmaceuticals.
Updated 20 hours ago -
This week in charts: ESMO’s winners and losers
The latest installment in BioPharma Dive’s visualization-focused series looks at Wall Street’s response to a trio of closely watched presentations at a top meeting for cancer drugs.
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Earnings roundup: Lilly’s unwavering momentum, Novartis’ rebound and GSK’s waiting game
Lilly’s better-than-expected results allayed concerns — for now — over GLP-1 pricing pressure. Elsewhere, Novartis withstood a tumultuous quarter and GSK battled investor angst.
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Startup launches
Flagship blends three biotech startups to form Etcelera
Etiome, Cellarity and Empress Therapeutics are being combined into one new AI-aided drugmaker claiming to possess the ability to better predict the way new medicines will fare in humans.
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Startup launches
With Setara, the team behind Actio opens its second act
The fledgling startup has $90 million to develop a pipeline of drugs, led by a Charcot-Marie-Tooth disease medicine, that Actio was working on when Jazz Pharmaeuticals bought its lead epilepsy program.
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IPO window
Aspen raises a $141M IPO in pursuit of a cell therapy for Parkinson’s
The San Diego biotechnology startup is one of several firms working on a cutting-edge technique with the potential to slow or even halt the neurodegenerative condition.
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Labor Department finalizes sweeping PBM disclosure rule
Starting in 2027, the controversial drug middlemen will have to share a broad swath of fee and compensation data with self-funded employer clients. Employers cheered the rule, while PBMs slammed it as government overreach.
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Trump administration
HHS to allow compounders to make 6 unapproved peptides
RFK Jr. has given notice that the agency won’t take enforcement action on six peptides that controversially won a contested recommendation from outside advisers to the FDA in July.
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Gene editing
FDA unveils guidance for ‘plug and play’ gene therapies
The plan builds on recent FDA moves to speed "personalized" treatments by offering an approval framework for therapies benefiting different subsets of patients with the same disease.
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Genmab soars to record highs after cancer drug succeeds in key trial
The drugmaker’s market value swelled by more than $7 billion on findings suggesting a recently-acquired medicine could become a new treatment standard for a form of head and neck cancer.
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ESMO ‘26: A cancer vaccine debate, Roche’s KRAS progress and Amgen’s ‘unprecedented’ data
At one of the year’s premiere meetings for cancer research, melanoma vaccine data hailed by scientists sparked a share sell-off on Wall Street, while a lung drug received a standing ovation.
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Obesity drugs
Lilly’s ‘triple-G’ drug tops Novo’s Ozempic in diabetes trial
The highest dose of retatrutide beat Ozempic on measures of blood sugar and weight loss, but was also associated with higher side effect rates and treatment discontinuations.
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Immune reset
Artiva to quit autoimmune cell therapy work, cut staff after patient deaths
The disclosure makes Artiva the third company to recently report fatal events in an autoimmune cell therapy trial, following announcements from Novartis and Bristol Myers Squibb.
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Ferring to acquire next-gen IVF startup Gameto for up to $1.4B
The buyout hands Ferring rights to a technology capable of simplifying the lengthy and burdensome process of in vitro fertilization.
Updated Oct. 28, 2026 -
News roundup
Lilly shuffles business structure; Novartis writes off part of Avidity deal
Lilly intends to merge its U.S. and international divisions when a top executive retires. Elsewhere, Astellas closed in on what it believes to be a “best-in-class” cancer immunotherapy prospect.
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Obesity drugs
Court rejects Novo bid to block Lilly obesity drug ads
Novo failed to prove that Lilly’s campaign — which featured claims of obesity drug superiority — meaningfully harmed the Danish company’s sales, a federal judge ruled.
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Obesity drugs
Corxel, an obesity drugmaker, to go public via SPAC deal
Armed with a $300 million financing and two GLP-1 and amylin-targeting medicines, Corxel is set to become the latest weight loss-focused company to join the public markets.
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Moderna, Merck shares fall on eagerly anticipated cancer vaccine results
A combination of the shot and the immunotherapy Keytruda cut the risk of relapse or death by 42% in a landmark melanoma study that met Wall Street expectations but triggered a “sell-the-news reaction,” one analyst wrote.
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News roundup
Another autoimmune CAR-T death; Treasury zeroes in on China deals
A patient who received Bristol Myers’ zola-cel died 44 days later. Elsewhere, Gilead paid nearly $1.3 billion for a potential threat to J&J’s newly approved psoriasis pill.
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This week in charts: a big year for RNAi developers
The latest installment in BioPharma Dive’s data visualization series features a look at the emerging popularity of RNAi developers, and the funding that came with it.
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BioNTech, DualityBio say ADC had ‘modest’ benefit in breast cancer study
The companies said the findings suggest the treatment has a “limited” impact in HER2-low breast cancer, an area where AstraZeneca and Daiichi Sankyo’s Enhertu has already set a high bar.
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Deep Dive // IPO window
Biotech IPOs are the industry’s lifeblood. Track how they’re performing.
Aspen Neuroscience and Bambusa Therapeutics could on Thursday evening price what would be the sector’s 28th and 29th IPOs, respectively, this year, according to BioPharma Dive data.
Updated Oct. 29, 2026 -
Star adds $200M after spinout successes
Following exits for its subsidiaries Electra Therapeutics and Vega Therapeutics, Star is now mining for a new drug prospect.
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IPO window
Protein degrader specialist Lycia prices $318M IPO
Funds from the upsized offering will support a trio of protein-degrading medicines in development for allergic conditions as well as the autoimmune disorder Graves’ disease.
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Roche affirms sales outlook amid doubts about its future
Lower-than-expected sales of Xolair stood out as the Swiss drugmaker readies for an onslaught of generic competition for top products.