Look back at pharma news in week to December 7
By Barbara Obstoj-Cardwell. Editor
Among pharma M&A news last week, the big story was GlaxoSmithKline’s $5.1 billion acquisition of Tesaro and its cancer drug Zejula. On the licensing front, J&S’s Janssen unit struck a deal to develop argenx’ blood cancer drug cusatuzumab that could be worth $1.6 billion. Also, Revance Therapeutics’ China out-licensing deal for its Botox rival RT002 to Fosun was seen as a positive, as was the latest data from the SAKURA 3 trial. There was disappointment for Germany’ Bayer, as it halted a trial of its uterine fibroid candidate vilaprisan following toxicity concerns.
GlaxoSmithKline buys Tesaro in $5.1 billion takeover deal
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