Thermo Fisher Scientific has officially opened its new $90 million viral vector CDMO (contract development and manufacturing organization) site in Lexington. The 50,000-square-foot facility will add more than 200 jobs and support the development, testing and manufacture of viral vectors, which are critical to advancing new life-saving gene and cell therapies globally. Earlier this year, […]

Novartis announced today that it has entered into an agreement to acquire The Medicines Company for USD 85.00 per share in cash, valuing the company at approximately USD 9.7 billion on a fully diluted equity basis. The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close […]

Karuna Therapeutics has announced positive results from its Phase 2 clinical trial of KarXT for the treatment of acute psychosis in patients with schizophrenia. “The schizophrenia treatment landscape has remained rather stagnant for decades with therapeutic options relying on discoveries dating back to the 1950s,” said Steve Paul, M.D., chief executive officer, president, and chairman […]

Alkermes is acquiring Rodin Therapeutics, a privately held biopharma focused on synaptopathies. This transaction builds on Alkermes’ experience in central nervous system (CNS) diseases and expands Alkermes’ CNS development efforts into a wide range of neurodegenerative disorders. Synaptic dysfunction is a pathological feature in many neurodegenerative and neuropsychiatric diseases, and synaptic loss correlates closely with […]

The FDA has approved Alnylam’s Givlaari (givosiran), an RNAi therapeutic for treatment of adults with acute hepatic porphyria (AHP), a family of ultra-rare, genetic diseases. Long-term complications of AHP can include chronic neuropathic pain, hypertension, chronic kidney disease and liver disease. “AHP can have a profound impact on the lives of patients and their families. […]

Novo Ventures and the Broad Institute of MIT and Harvard have announced the launch of the Novo Broad Greenhouse, a joint initiative to discover and propel transformative new therapies from academic science into the clinic. To drive the development of the next generation of molecular medicines, the Novo Broad Greenhouse unites three core ingredients: deep […]