Novartis delivered sales growth in Q2 and further advanced the pipeline; Full-year guidance reaffirmed
Ad hoc announcement pursuant to Art. 53 LR Second quarter Net sales grew +1% (cc1, +3% USD), with…
ABB Buys UK’s Rotork in $5.5 Billion Deal for Automation Boost
(Bloomberg) — ABB Ltd. agreed to buy British industrial components company Rotork Plc for an enterprise value of…
Roche pumps brakes in Pompe after assessing competition
Roche has punted a Pompe disease gene therapy from its pipeline after weighing up the competitive landscape. The…
Roche axes Carmot obesity asset, 3 cancer drugs in R&D clear-out
Roche has axed one of the obesity assets from its $2.7 billion Carmot Therapeutics buyout, sending the molecule to…
Roche’s obesity ambition not reliant on one megablockbuster
When Roche unveiled its long-awaited obesity strategy yesterday, it included a bold goal of becoming one of the…
Roche axes 4 Chugai solid tumor assets in early-phase clear-out
Roche has dropped five Chugai candidates from its clinical pipeline, echoing actions the Japanese business took earlier this…
Novartis nixes 6 ph. 1 assets, adds 2 new cancer candidates
Novartis has nixed six early-stage pipeline programs, swapping in two new phase 1 cancer candidates as replacements. The…
Novartis jettisons ph. 1 cancer candidate after 0% efficacy
Novartis has jettisoned an anti-cancer protein from its pipeline after the molecule failed to shrink tumors in 30…
Roche drops $100M fibrosis drug from phase 2 pipeline
Roche has waved goodbye to an inflammation drug from Kiniksa Pharmaceuticals—as well as the $100 million that the…
Mercuria, Vitol Are Among Bidders for Raizen Argentina Refinery
(Bloomberg) — Energy trading giants Mercuria Energy Group and Vitol Group are among finalists for a refinery and…
Pushing the prostate cancer treatment frontier: Radioligand therapy and beyond
Radioligand therapy (RLT) has been a breakthrough, practice-changing therapy in prostate cancer. While it has improved outcomes, Novartis…
Small US Trader Moves Into Commodity Giants Vitol, Trafigura’s Venezuela Oil Turf
(Bloomberg) — George E. Warren LLC, a US oil trading firm based in Florida, broke into Venezuela oil…