Original reporting and analysis on the stories shaping biotech.
Agios' next-gen pyruvate kinase activator tebapivat just flunked its phase 2b trial in a blood cancer called lower-risk MDS, and the company is scrapping the entire program. The failure exposes a classic biotech trap: assuming a mechanism that works in genetic anemias will translate to cancer.
The FDA just approved a first-of-its-kind antibiotic that doesn't just protect its partner drug from bacterial enzymes; it fights back on its own. In a head-to-head trial against a heavyweight carbapenem, it won by a 20-point margin.
BMS's next-gen myeloma drug mezigdomide just doubled progression-free survival in a phase 3 trial of heavily pretreated patients. The ASCO 2026 data validate CELMoDs as a potent new drug class that could reshape how we treat one of blood cancer's toughest enemies.
Eli Lilly unveiled early clinical data at ASCO 2026 for a next-generation Nectin-4 ADC that targets the same protein as Padcev but carries a completely different weapon. With Padcev anchoring a multi-billion-dollar bladder cancer franchise, the stakes couldn't be higher.
U.S. lawmakers want to add biotech to the COINS Act, which already restricts investment in AI and chips flowing to China. With nearly 40% of major pharma licensing deals involving Chinese biotechs, the move could fundamentally rewire how drugs get developed.
For 40 years, the protein driving pancreatic cancer was called "undruggable." Revolution Medicines just reported phase 3 results that nearly doubled survival in previously treated patients, and the oncology world is paying attention.
Pfizer is paying $650 million upfront (and up to $10.5 billion total) for 12 early-stage cancer drugs from China's Innovent Biologics. It's one of the largest cross-border biopharma deals ever, and it's landing right in the middle of a U.S.-China geopolitical minefield.
A Shanghai biotech just beat chemotherapy in first-line EGFR-mutant lung cancer with an oral pill, crashing into a $6 billion market dominated by AstraZeneca and J&J. The timing couldn't be more politically charged.
ICON plc overstated revenue by less than 2%, but the fallout wiped $5 billion in market cap in a single day. The largest CRO accounting scandal in memory is raising hard questions about trust across the clinical trials industry.
Gilead just killed the lead drug from its $405 million MiroBio acquisition, adding to a growing list of pricey deals that haven't delivered. As the company books $11.5 billion in new deal charges this year, investors are asking an uncomfortable question: is Gilead getting worse at shopping?
Biopharma companies have pledged a jaw-dropping $292 billion to build drug factories in the U.S. since January. But between 100% tariffs, five-year construction timelines, and a severe talent shortage, the gap between promise and production is wider than anyone wants to admit.
Curium Pharma just slid a $7 billion offer across the table to Lantheus Holdings, the company behind prostate cancer imaging blockbuster Pylarify. If the deal goes through, it would create a global radiopharmaceutical powerhouse and mark one of the biggest PE-backed moves into oncology infrastructure ever.
BMS's CELMoD drug mezigdomide just delivered a major Phase 3 win in multiple myeloma, providing the strongest clinical validation yet for the targeted protein degradation drug class. The implications stretch far beyond one company and one cancer.
A new startup thinks the real reason 94% of brain drugs fail isn't bad science; it's bad trial infrastructure. Kordata Dynamics just emerged from stealth with an AI platform built specifically for neural data, and it's starting in the last place you'd expect.
The FDA is piloting one-day factory inspections powered by AI risk analytics, replacing the traditional week-long deep dive for low-risk facilities. With 2,000 firms uninspected since before the pandemic, the agency is betting that algorithms can tell it where to look and where to move on.
The FDA's vaccine advisory committee met to pick the COVID-19 strain for 2026–2027 shots, with a new recombinant variant called XFG emerging as the leading candidate. But the bigger story might be who's still showing up to get vaccinated at all.
A small Korean biotech just dropped MASH liver disease data that looks competitive with Novo Nordisk's blockbuster semaglutide. The catch? Only 35 patients were in the trial, and the competition is about to get fierce.
GSK's bepirovirsen just hit its primary endpoint in two massive Phase 3 trials, functionally curing roughly one in five chronic hepatitis B patients after just six months of treatment. In a disease affecting 254 million people with zero approved cures, that's a very big deal.
The FDA just approved Decnupaz, a first-in-class antibody-drug conjugate for one of the rarest and deadliest blood cancers in existence. For the few hundred Americans diagnosed with BPDCN each year, it doubles the number of targeted therapies available overnight.
AstraZeneca's breast cancer drug camizestrant showed strong trial results, but an FDA advisory panel voted 6-3 against it, and now the agency wants more data before making a call. What happens next could reshape how blood tests guide cancer treatment decisions.
Apogee Therapeutics locked down $1.3 billion from Blackstone without selling a single share, one of the largest non-dilutive deals a pre-approval biotech has ever pulled off. The bet: an eczema drug that could turn 26 annual injections into just a handful.
The FDA just gutted the most frustrating parts of iPLEDGE, the 21-year-old bureaucratic gauntlet standing between acne patients and their isotretinoin prescriptions. The 19-day lockout is dead, home pregnancy tests are in, and about a million patients per year are about to breathe easier.
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