Get the Daily Brief
Latest Biotech News
Lilly Surges, Novo Warns — GLP-1 Rivalry Reorders Winners
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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...