The week in pharma: action, reaction and insight – week to October 20, 2023

22 October 2023

By Barbara Obstoj-Cardwell. Editor

Featuring in last week’s news, Swiss firm MoonLake Immunotherapies announced new Phase II MIRA study data showing that its antibody sonelokimab further improved response rate in hidradenitis suppurativa. Last Tuesday, Monte Rosa Therapeutics announced a potentially $2 billion licensing deal with Roche for its molecular glue degrader-based medicine, and also released early-stage results for its cancer candidate MRT-2359. Japan’s Daiichi Sankyo signed a mega bucks deal with US pharma giant Merck & Co for three antibody drug conjugates (ADCs) that could potentially be worth $22 billion. On the M&A front, Eli Lilly agreed to acquire French pre-clinical stage biotech Mablink Biosciences and its lead candidate MBK-103 for an undisclosed amount.

MoonLake’s MIRA 24 week data beats expectations

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