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STAT+: Novo’s Catalent deal is great for GLP-1s. But what about drug manufacturing?

STAT

The deal, done in part so that Novo can rapidly ramp up its ability to manufacture Wegovy, is a massive statement of optimism about the sales potential of that medication and weight loss drugs like it, known as GLP-1s. Continue to STAT+ to read the full story…

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STAT+: Clinical notes automation startup Abridge raises $150 million, takes aim at Microsoft Nuance

STAT

A Pittsburgh artificial intelligence startup emerging as a challenger to Microsoft’s clinical note taking business has raised $150 million, a rare mega deal in a funding lull. The startup, Abridge, also has an unlikely cheerleader: Paul Ricci, the former head of Nuance, the service from Microsoft it competes with.

Hospitals 284
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STAT+: For hospitals after No Surprises Act, physician subsidies are ‘the new contract labor’

STAT

It’s a big topic of conversation on for-profit hospital earnings calls. “This is the new cost issue that the industry is having to deal with.” Physician staffing firms, flailing in the wake of a federal law banning surprise bills, are demanding extra payment from hospitals to stay afloat.

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Avrobio to sell cystinosis gene therapy to Novartis for $87.5m

Pharmaceutical Technology

Avrobio has announced a deal to sell its investigational haematopoietic stem cell (HSC) gene therapy programme , designed to treat cystinosis, to Novartis in an all-cash deal valued at $87.5m. The company expects that the proceeds obtained from the deal will extend its cash runway into the fourth quarter of 2024.

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Oculis enters merger deal with European Biotech Acquisition

Pharmaceutical Technology

The deal is also expected to offer proceeds comprising nearly $127.5m On closing of the deal, the combined business will be called Oculis Holding SA, a newly listed entity registered in Switzerland. OCS-02 is a topical anti-TNF alpha monoclonal antibody fragment, while OCS-05 is an activator of serum-glucocorticoid kinase 2.

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Eminence Business Media hosts sixth edition of Annual Pharma Project & Portfolio Management 2023

Express Pharma

The programme comprised various discussion topics for project and portfolio management teams. The day also explored the relationship between IPR and Portfolio through topics like competitive intelligence for portfolio designing led by Dr Mandar M Kodgule, Chairman and CEO of IQGEN-X Pharma.

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Lilly agrees to acquire gene therapy developer Akouos for $610m

Pharmaceutical Technology

Eli Lilly and Company has signed a definitive agreement for the acquisition of all outstanding shares of precision genetic medicine firm Akouos for a total deal value of up to nearly $610m or up to $15.50 The deal comprises an acquisition value of $12.50 Topic sponsors are not involved in the creation of editorial content.

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