The week in pharma: action, reaction and insight – week to April 26, 2024
By Barbara Obstoj-Cardwell. Editor
M&A news last week saw US biotech Incyte announce a $750 million offer to acquire Escient Pharmaceuticals and its immunology candidates EP262 and EP547. On the regulatory front, Travere Therapeutics last week gained European conditional approval for its IgA nephropathy drug Filspari. Regeneron signed a collaboration with fellow USA-based biotech Mammoth Biosciences, a developer of CRISPR drugs, worth around $100 million. Also of note, Swiss pharma giant Novartis presented Phase III data at the World Congress of Nephrology on its Fabhalta (iptacopan), the first oral monotherapy for paroxysmal nocturnal hemoglobinuria (PNH).
Incyte acquires Escient Pharma, bolstering derma and I&I portfolio
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