Neumora Therapeutics, Inc.Neumora halted Phase 3 studies of Navacaprant after failing to beat placebo and plans 35% layoffs.
The biotech sector saw FDA approvals, study halts, layoffs, and deals this week. Spero Therapeutics and GSK won FDA approval for Utebzi, the first oral carbapenem for complicated urinary tract infections, while AbbVie's Allergan Aesthetics unit received expanded approval for SKINVIVE by JUVÉDERM to treat neck lines. Neumora Therapeutics halted its Phase 3 KOASTAL studies of Navacaprant in major depressive disorder after the drug failed to beat placebo and announced plans to lay off about 35% of its workforce. Biogen agreed to acquire RayThera in a deal valued at up to $1 billion to expand its immunology portfolio, with closing expected in the third quarter of 2026.
Neumora Therapeutics, Inc.Neumora halted Phase 3 studies of Navacaprant after failing to beat placebo and plans 35% layoffs.
Biogen IncBiogen agreed to acquire RayThera for up to $1 billion to expand immunology portfolio.
AbbVie IncAbbVie's Allergan unit received FDA expanded approval for SKINVIVE to treat neck lines.
GSK plcGSK and Spero won FDA approval for Utebzi, the first oral carbapenem for complicated UTIs.
Abcellera Biologics Inc
Celldex Therapeutics Inc
Cuprina Holdings (Cayman) Limited Class A Ordinary Shares
enGene Holdings Inc. Common Stock
Jazz Pharmaceuticals PLC
Eli Lilly and Company
Neurocrine Biosciences Inc
Intellia Therapeutics Inc
Rhythm Pharmaceuticals Inc
Spero Therapeutics IncSpero and GSK won FDA approval for Utebzi, the first oral carbapenem for complicated UTIs.
Cosmos Health Inc.
Accenture plcBiogen agreed to acquire RayThera in a deal valued at up to $1 billion, providing a significant premium and exit for shareholders.