The week in pharma: action, reaction and insight – week to April 5, 2024

7 April 2024

By Barbara Obstoj-Cardwell. Editor

Among last week’s news, Switzerland-based Roivant Sciences and partner company Priovant released positive Phase II data for their uveitis candidate brepocitinib. On the M&A front, Danish drugmaker Genmab announced it would acquire privately-held USA-based ProfoundBio for $1.8 billion in cash, gaining access to its antibody-drug conjugate (ADC) Rina-S. Also, US healthcare giant Johnson & Johnson on Friday revealed its intention to acquire cardio-devices leader Shockwave Medical, noting an enterprise value of $13.1 billion. Also of note, the US Food and Drug Administration (FDA) has approved Swiss drugmaker Basilea Pharmaceutica’s antibiotic Zevtera for three indications.

Positive brepocitinib NIU Phase II from Roivant/Priovant

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