Look back at pharma news in the week to July 12

14 July 2019

By Barbara Obstoj-Cardwell. Editor

Significant deal-making news last week included UK biotech Mirati Therapeutics linking up with Swiss giant Novartis to test a combination of their respective compounds, MRTX849 and TNO155, in solid tumors. Also, Redx Pharma saw its shares rocket after it signed a deal to sell its pan-RAF inhibitor program to Jazz Pharmaceuticals last Wednesday. Clinical trials news included discontinuation of Novartis and Amgen’s CNP520 program in Alzheimer’s disease prevention, adding to the litany of failures in this therapy sector. On the M&A front, US biotech Altimmune announced it was acquiring Spitfire Pharma in an up to $93 million deal and bringing with it a liver disease candidate.

Novartis collaboration suggests validation for '849 ahead of initial datasets

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