Pharmaceutical Last week’s news included two interesting, albeit small, acquisitions: Danish CNS specialist Lundbeck announcing it was to purchase Abide Therapeutics; and pharma giant Pfizer intention to buy Swiss biotech Therachon. Pfizer also featured in regulatory news, gaining US Food and Drug Administration approval of its heart disease drug tafamidis. On the research front, Cytokinetics and partner Astellas announced disappointing mid-stage trial results with their amyotrophic lateral sclerosis (ALS) drug reldesemtiv. Japan's Takeda featured in deal-making news, divesting its ophthalmic treatment Xiidra to Novartis for an eye-watering up to $5.3 billion, and the much small deal with Ethicon for TachoSil. 12 May 2019