Pharmaceutical Last week’s deal-making news included US biotech Alumis signing a licensing agreement with Japan’s Kaken Pharma for its dermatology candidate ESK-001 in Japan. On the regulatory front, US biotech Exelixis gained Food and Drug Administration (FDA) approval for its Cabometyx as a treatment for advanced neuroendocrine tumors. Among research news, Wave Life Sciences released positive Phase II data on its investigational Duchenne muscular dystrophy drug WVE-N531, while Equillium reported disappointing Phase III results for its graft-versus-host disease candidate itolizumab. 30 March 2025