The week in pharma: action, reaction and insight – week to October 27, 2023

By Barbara Obstoj-Cardwell. Editor

M&A news last week saw Swiss pharma giant Roche announce last Monday it had agreed to acquire Roivant company Telavant and its TL1A-directed antibody RVT-3101 for $7.1 billion. Among research news, Johnson & Johnson presented much awaited new data at the European Society of Medical Oncology (ESMO) on its lung cancer drug Rybrevant. And Japan’s Eisai and US Biotech Biogen released new data for a subcutaneous formulation of their Alzheimer’s disease drug Leqembi at an AD clinical trials conference. Also of note, US pharma major Eli Lilly gained approval from the US Food and Drug Administration (FDA) for its ulcerative colitis drug Omvoh.

Roche to gain gut disease drug in $7.1 billion deal for Roivant subsidiary