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Latest Biotech News

Lilly Surges, Novo Warns — GLP-1 Rivalry Reorders Winners

February 06, 2026

Eli Lilly reported results and guidance that outpaced Wall Street expectations, driven by fast-selling GLP-1 medicines, while rival Novo Nordisk issued a downbeat 2026 sales outlook that sent its...

Hims Begins Sales of Compounded Wegovy Pill — Legal Fight Looms

February 06, 2026

Telehealth provider Hims & Hers started selling a compounded version of Novo Nordisk’s newly approved Wegovy oral formulation, prompting Novo to threaten litigation and regulatory action. Hims...

White House Launches TrumpRx: Consumer Drug‑Price Hub Goes Live

February 06, 2026

The administration launched TrumpRx, a consumer-facing portal powered by GoodRx technology to display cash prices for prescription drugs and direct patients to purchase options. Officials pitched...

FDA-Asks for Tavneos Withdrawal; Amgen Pushes Back — Data Under Review

February 06, 2026

The FDA re-examined historical trial adjudication data for Tavneos (avacopan) and requested withdrawal; Amgen rejected the agency’s request and said it will continue discussions. The FDA’s action...

Bayer’s Asundexian Cuts Recurrent Stroke 26% — Phase 3 Readout Shifts Field

February 06, 2026

Bayer reported Phase 3 results showing asundexian, a factor XIa inhibitor, reduced recurrent ischemic stroke by about 26% without added safety signals, improving the commercial and clinical...

Angitia Raises $130M Series D — Musculoskeletal Biologics Advance

February 06, 2026

Angitia Biopharmaceuticals closed a $130 million Series D to progress three biologics targeting musculoskeletal diseases into mid‑stage development. The round positions the US‑China company to...

Eikon’s $381M Nasdaq Debut — Cash for Cancer Trials

February 06, 2026

Eikon Therapeutics priced an upsized $381 million initial public offering and will begin trading under ticker EIKN. The company raised the proceeds to advance a clinical-stage oncology portfolio...

Generate:Biomedicines Files for IPO — AI Antibody Push

February 06, 2026

Generate:Biomedicines, the Flagship Pioneering–backed AI-driven antibody biotech, filed to go public and is pitching its programmable-biology platform and late-stage asthma asset to investors. The...

Hims vs. Novo: Knockoff Wegovy Pill Sparks Legal Fight

February 06, 2026

Telehealth provider Hims & Hers began selling a compounded pill version of Novo Nordisk’s Wegovy, prompting immediate industry and regulatory blowback. Novo has threatened litigation, calling the...

Bayer’s Asundexian Cuts Recurrent Stroke Risk — Phase 3 Win

February 06, 2026

Bayer reported that its factor XIa inhibitor asundexian reduced ischemic stroke recurrence by 26% in a large phase 3 study, without adding major safety signals. The company released details after...

BARDA Launches $100M Prize for Broad-Spectrum Antivirals

February 06, 2026

BARDA opened a $100 million prize competition to accelerate development of broad-spectrum small-molecule antivirals targeting Togaviridae and Flaviviridae families. The multi-stage program aims to...

Illumina Shifts Toward Healthcare After NIH Funding Shock

February 06, 2026

Illumina is leaning further into healthcare markets after disruptions to NIH funding under the Trump administration rattled basic-research demand for sequencing. Company comments and earnings show...

FDA Reopens Tavneos Review — Amgen Refuses Market Withdrawal

February 06, 2026

The FDA revisited years-old data issues around Tavneos (avacopan) and asked Amgen to consider withdrawing the drug; Amgen pushed back and said it is unwilling to pull the product from the market....

AI Drives New Biotech Startups — Latent Labs and Phylo Raise Stakes

February 06, 2026

Two AI-native ventures signaled momentum: Latent Labs, founded by former DeepMind team members, emerged with a platform to design drug-like biologics for difficult targets; Phylo raised $13.5...

EU Funds Personalized Cancer Medicine Project; UK Builds Cancer AI Datasets

February 06, 2026

The Joint Action on Personalized Cancer Medicine (JA PCM) launched with €25.3 million from the EU to expand equitable access to personalized prevention, early detection and treatment across 29...

Biotech IPO Wave Continues — Agomab, SpyGlass and Veradermics Raise Cash

February 06, 2026

This week’s flurry of IPOs continued as Agomab Therapeutics and SpyGlass Pharma raised a combined $350 million in separate offerings, and Veradermics priced a $256 million IPO for its oral...

IPO wave returns: Agomab, SpyGlass and Eikon lead a $631m biotech surge

February 06, 2026

Two European and multiple US biotechs priced sizeable offerings this week, reviving investor interest in drug-company IPOs. Belgium-based Agomab and ocular-therapy developer SpyGlass together...

Generate files for market: Flagship’s AI drug shop moves toward an IPO

February 06, 2026

Generate:Biomedicines, the Flagship Pioneering-backed antibody and programmable-biology company, filed for an IPO as it advances phase 3 programs and AI-designed antibody candidates. The filing...

Hims launches Wegovy knockoff: Novo threatens suit, legal case shows cracks

February 06, 2026

Telehealth provider Hims & Hers announced it will sell a compounded version of Novo Nordisk’s recently approved Wegovy pill, triggering a public clash with Novo and raising immediate legal and...

TrumpRx rollout: White House unveils consumer drug-price hub

February 06, 2026

The White House announced plans to launch TrumpRx, a direct-to-consumer pricing portal built on GoodRx technology to display cash prices for selected medicines and steer patients to purchase...