Private equity firm Bain Capital has joined forces with US pharma giant Pfizer to create a new biopharmaceutical company, dubbed Cerevel Therapeutics, which will focus on developing drugs for the treatment of central nervous system (CNS) disorders.
China-based biopharmaceutical firm CANbridge Pharmaceutical and global open-access biologics technology platform company WuXi Biologics have entered into a partnership for rare disease therapeutics.
FSD Pharma has signed a binding letter of intent (LOI) to acquire Therapix Biosciences, a NASDAQ traded pharmaceutical company focused on the development of Cannabinoid-based treatments.
TP Therapeutics, a San Diego-based clinical-stage precision oncology company, has raised $80m in a new funding round led by Foresite Capital and venBio Partners.
AbbVie and Morphic Therapeutic have entered into a research and development collaboration, designed to advance multiple Morphic's oral integrin therapeutics for fibrosis-related indications.
Swiss drugmaker Novartis has agreed to acquire US-based biopharmaceutical firm, Endocyte, in a deal valued at around $2.1bn.
Diurnal Group has decided to put a hold on all activities relating to the US development of its adrenal drug Chronocort following a failure in a recently concluded phase 3 trial in adults with congenital adrenal hyperplasia (CAH).
US-based Revolution Medicines has acquired Warp Drive Bio for an undisclosed sum as part of its efforts to expand drug discovery portfolio.
HiFiBiO Therapeutics has acquired H-Immune Therapeutics, an early-stage biotechnology company engaged in the discovery and development of novel immuno-oncology therapeutics.
Alliqua BioMedical has entered into a merger agreement with Adynxx to create a clinical-stage pharmaceutical firm, which will focus on development of therapies for pain and inflammation.
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