Latest Deals

Credit: Shutterstock/ Tada Images

Novo Nordisk spends $1bn to acquire weight loss drug developer Inversago 

Amidst fierce competition in the obesity space, Novo Nordisk has spent $1bn to acquire Inversago Pharma to shore up its weight loss treatment portfolio. The acquisition is expected to be completed by the end of 2023 and will hit the billion-dollar mark, subject to developmental and commercial milestones. The acquisition of Inversago will add a novel mechanism of weight loss treatment to Novo Nordisk’s pipeline and could offer an alternative therapeutic solution for treating obesity.

Source: Pharmaceutical Technology

Novartis acquires Chinook for $3.2bn to boost kidney disease pipeline 

Novartis has acquired Chinook Therapeutics for more than $3.2bn in a move to bolster its portfolio of drugs targeting kidney disease. With reported sales of $13.62bn in Q2 2023, Novartis is looking to expand its drug portfolio. Just last month, the company acquired DTx Pharma for $1bn for its small interfering RNA (siRNA) treatment portfolio for rare diseases.

Source: Pharmaceutical Technology

Gilead and Tentarix partner on cancer and inflammation therapies 

Gilead Sciences has entered into three multi-year partnerships with Tentarix Biotherapeutics for the discovery and development of new therapies for oncology and inflammatory diseases. Utilising Tentarix’s Tentacles platform, the partnership aims to explore and develop multifunctional, conditional protein therapeutics. Tentarix will receive $66m from Gilead as upfront payments and equity investment as part of the three collaborations. 

Source: Pharmaceutical Technology

Bruker to buy cell biology company PhenomeX for $108m 

Bruker has entered a definitive agreement to acquire functional cell biology company PhenomeX for a total equity value of $108m. The company will initiate a tender offer to purchase all of PhenomeX’s outstanding shares for $1.00 per share, payable in cash. PhenomeX was established at the start of 2023 by a merger between Berkeley Lights and IsoPlexis. 

Source: Pharmaceutical Technology

Go to article: Home | Digital dilemma in UK life sciences job marketGo to article: Editor's letterGo to article: ContentsGo to article: Mimotopes Company InsightGo to article: MimotopesGo to article: DatwylerGo to article: CytivaGo to article: bioMérieux Company InsightGo to article: BriefingGo to article: News in NumbersGo to article: Latest NewsGo to article: Latest DealsGo to article: Project UpdatesGo to article: Trends & InsightGo to article: PfanstiehlGo to article: SyntegonGo to article: In DepthGo to article: UK life sciences grapple with the job market’s digital dilemma Go to article: Telemedicine struggles to overcome diversity challenges in dermatology trials Go to article: Cancer treatment uncertainty: European nations struggle with drug shortages Go to article: From Europe to Latin America: Driving access to affordable biosimilars Go to article: Q&A: How the Henrietta Lacks settlement challenges biotech's view on ethics Go to article: Generative AI has the potential to revolutionise drug discovery Go to article: European PFAS ban would burden drug companies and packagers Go to article: Molnar-Institute Company InsightGo to article: Molnar-InstituteGo to article: Thematic TakeGo to article: Thematic Take: contentsGo to article: Foreword: unlocking robotics’ full potential Go to article: An introduction to robotics Go to article: A history of robotics  Go to article: The impact of robotics on the healthcare sector Go to article: Case studies: robotics in the pharmaceutical industry Go to article: Latest news: robotics in pharmaGo to article: Robotics: transforming cell and gene therapy manufacturingGo to article: Robotics innovation: Leading companies in microneedles for transdermal drug delivery Go to article: Deal activity related to robotics in the pharmaceutical industry since 2020 Go to article: Robotics hiring trends in the global pharmaceutical industry since 2020 Go to article: Robotics patent applications in the global pharmaceutical industry since 2020 Go to article: Mentions of robotics in pharmaceutical industry company filings since 2020 Go to article: GlobalData Thematic IntelligenceGo to article: Sponsored SupplementsGo to article: NiproGo to article: Watson MarlowGo to article: ListingsGo to article: EventsGo to article: AwardsGo to article: Buyer's GuidesGo to article: Next issue