Issue 161 • January 2026Biopharma’s 2025 M&A boomM&As in 2025 ended on a strong note, with high activity expected to continue in 2026.BriefingFDA appoints Tracy Beth Høeg as fifth CDER head this yearFeatureHigh-value oncology deals drive China’s licensing boomFeatureIn a Honduran city, biotechs create gene therapy cocktails to fight ageingCommentAbbVie-Genmab’s Epkinly sets new standard in second-line FLIn association with12/18/2025 14:39:12