Biotechnology Among last week’s news, Switzerland-based Roivant Sciences and partner company Priovant released positive Phase II data for their uveitis candidate brepocitinib. On the M&A front, Danish drugmaker Genmab announced it would acquire privately-held USA-based ProfoundBio for $1.8 billion in cash, gaining access to its antibody-drug conjugate (ADC) Rina-S. Also, US healthcare giant Johnson & Johnson on Friday revealed its intention to acquire cardio-devices leader Shockwave Medical, noting an enterprise value of $13.1 billion. Also of note, the US Food and Drug Administration (FDA) has approved Swiss drugmaker Basilea’s antibiotic Zevtera for three indications. 7 April 2024