GE HealthCare, Abbott make M&A moves

Today's Big News

Feb 9, 2023

'Expect us to act' on M&A, AbbVie CEO says as company plots post-Humira plans


AstraZeneca met CEO Soriot’s $40B revenue goal early. Now, it plans 15 drug launches by 2030


Abbott offers $890M for artery-cleaning device maker Cardiovascular Systems


Docs likely to be 'cautious' when prescribing GSK's first-in-class anemia drug Jesduvroq, survey finds


GE HealthCare snaps up ultrasound AI maker Caption Health

 

Featured

'Expect us to act' on M&A, AbbVie CEO says as company plots post-Humira plans

AbbVie is setting the stage for an aggressive M&A push to fill the revenue vacuum left by Humira, with CEO Richard Gonzalez telling investors to expect a move if the shoe fits. 
 

Top Stories

AstraZeneca met CEO Pascal Soriot's $40B revenue goal early. Now, it plans 15 drug launches by 2030

Pascal Soriot’s pledge to boost AstraZeneca’s revenue to more than $40 billion by 2023 has been met early, and the CEO is already on to his next ambitious goal—15 new drugs by 2030.

Abbott offers $890M for artery-cleaning device maker Cardiovascular Systems

Under the terms of the deal, Abbott will pay out $20 for each share of Cardiovascular Systems—about a 50% premium over the company’s share price before the acquisition was announced.

Docs likely to be 'cautious' when prescribing GSK's first-in-class anemia drug Jesduvroq, survey finds

When it comes to GSK's new HIF-PH inhibitor Jesduvroq, some nephrologists are excited to have another treatment option in the anemia of CKD armamentarium, Spherix Global Insights reports. Still, others have taken a more cautious approach, expressing disappointment with the “limited utility" of the drug's "restrictive label.”

GE HealthCare snaps up ultrasound AI maker Caption Health

Just a few weeks after being newly reborn as a standalone public company, GE HealthCare is already going through a growth spurt.

Despite rapidly emptying pipeline, AstraZeneca stays loyal to vaccine, immune therapy business

Scroll through AstraZeneca’s pipeline of new drug candidates in development and there remains one glaring omission. The Big Pharma that brought one of the world’s most widely used COVID-19 shots to market doesn’t have any more vaccines in development and only has a single new immune therapy in the clinic.

Thermo Fisher lays off 230 workers, citing 'sudden downturn' in COVID test demand

Fresh off publishing an earnings report showing a two-thirds drop in sales of its COVID-19 tests in 2022, Thermo Fisher Scientific has begun laying off hundreds of workers at three manufacturing sites in California.

Regeneron wins another FDA nod for powerhouse Eylea despite trial flops

Four years after scoring an approval to treat diabetic retinopathy, Regeneron’s Eylea has gained an FDA nod for the infant version of the disorder despite less-than-ideal clinical data.

Magenta's C-suite heads out the door with 85% of staff as closing process gets underway

Last week, Magenta Therapeutics announced plans to close down. This week, executive leadership and staff are being handed their pink slips.

Entering the endemic: What’s next for COVID testing?

Though the Biden administration is set to declare an official end to the COVID-19 public health emergency this May, that won’t necessarily bring immediate changes in the U.S. landscape of coronavirus tests, treatments and vaccines.
 
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