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STAT+: 23andme CEO Anne Wojcicki moves to take company private

STAT

After a tumultuous experience on the public markets, 23andMe CEO Anne Wojcicki is moving to take the company private. Wojcicki currently holds 49.99% of the voting power in the company, according to the Wall Street Journal, which first reported on the plan.

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STAT+: During the pandemic, were great vaccines bad business? A company-by-company review

STAT

But the company’s stock price fell 32% over the past five years. Total sales of the Pfizer/BioNTech vaccine surpassed $80 billion, and more than 400 million doses of the shot and subsequent boosters have been administered in the U.S.

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STAT+: Elevance’s private equity deal will form $4 billion primary care company

STAT

It’s joining with private equity to launch a $4 billion primary care company. Elevance leaders divulged more about the company’s venture with Clayton, Dubilier & Rice on its first quarter earnings call Thursday.

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STAT+: BridgeBio spins out oncology company as it focuses on heart drug

STAT

BridgeBio Pharma is spinning out its oncology subsidiary into a fully independent company, as it concentrates its resources on an anticipated launch of its pivotal heart drug. The subsidiary, a company called TheRAS that is developing treatments for cancers with mutations in the KRAS gene, will become BridgeBio Oncology Therapeutics.

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STAT+: Takeda is fourth big company to leave BIO since December

STAT

WASHINGTON — Takeda Pharmaceuticals has left the biotechnology industry’s main lobbying group, the fourth departure of a major member since December, the company confirmed.

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STAT+: Boston Scientific acquires Axonics, urology company, for $3.7 billion

STAT

Boston Scientific said it will buy Axonics, a device company treating urinary and bowel disorders, on Monday. Boston Scientific has acquired companies across all medtech sectors in the past year. The device maker bought Apollo Endosurgery , a company selling surgical tools to combat obesity, for $615 million in 2023.

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STAT+: Another major pharma company departs BIO

STAT

WASHINGTON — UCB left BIO at the end of 2023, the second major member company to exit after Pfizer pulled out as well. UCB, headquartered in Belgium, decided not to renew its BIO membership after a routine evaluation of its engagement in trade associations, said company spokesperson Erica Puntel.

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