Seattle Genetics has agreed to acquire Cascadian Therapeutics, a clinical-stage biopharmaceutical company engaged in the development of product candidates for the treatment of cancer, for around $614m.
Clinical-stage biotech company BridgeBio Pharma has licensed infigratinib (BGJ398), a selective inhibitor of the tyrosine kinase receptor FGFR and a late-stage oncology drug, from Novartis.
Innate Pharma has entered into a clinical trial collaboration with MedImmune, the global biologics research and development arm of AstraZeneca.
French drugmaker Sanofi has agreed to acquire Ablynx, a Belgian biopharma company focused in the discovery and development of Nanobodies, for about €3.9bn.
Spectris has completed the acquisition of Concept Life Sciences Group of companies from Equistone Partners and company management for £163m.
Avacta Group has signed a licensing agreement with Glythera for its Affimer technology after a successful proof-of-concept study.
UK-based Vaccitech, which is developing a universal influenza vaccine and other vaccine-related products, has bagged £20m ($27.1m) of funding from various investors.
Mallinckrodt has agreed to divest several hemostasis products to Baxter International for about $185m, with upfront payment of $153m, inclusive of existing inventory, and the remainder in potential future milestones
Ablynx has rejected a takeover proposal of around €2.6bn from Novo Nordisk, calling it as unsolicited and it fundamentally undervalues the company.
Takeda Pharmaceutical has offered to acquire Belgium-based cell therapy company TiGenix for €520m to expand its late-stage gastroenterology pipeline and its footprint in the US specialty care market.
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