article thumbnail

Viatris sells off consumer, women’s health drugs in asset sales

Bio Pharma Dive

The divestments will bring in more than $3 billion as the company works to reduce its debt and plan for future business development.

Sales 164
article thumbnail

Hasten Biopharmaceutic raises $315m for pipeline assets development

Pharmaceutical Technology

Chinese firm Hasten Biopharmaceutic has raised $315m for business development of its pipeline assets in a financing round co-led by Singapore-based CBC Group and Abu Dhabi sovereign wealth fund Mubadala Investment, The funding round was supported by additional institutional investors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BMS reports 2% revenue loss in 2023 after Revlimid generics hurt sales

Pharmaceutical Technology

Bristol Myers Squibb has reported a 2% revenue decrease from 2022 as it focuses on business development to counteract patent losses.

Sales 130
article thumbnail

Merck looks at M&A deals as COVID hits sales in Q1

pharmaphorum

Pharmaceutical sales were flat on the same period of 2020 at $10.7 billion, with vaccines sales falling nearly 19% to $1.8 “We intend to use that capital both for business development and potentially share repurchase, but our clear priority is business development,” said Davis on the Q1 call.

Sales 90
article thumbnail

Blueprint Medicines announces financing partnerships for $1.25bn

Pharmaceutical Technology

The funding will offer capital to extend Blueprint’s varied pipeline toward marketing as well as to continue seeking strategic and synergistic business development prospects. The partnership with Royalty Pharma monetises royalty payments obtainable from net sales of Gavreto by Roche outside of the US, excluding Greater China.

Medicine 147
article thumbnail

Mainz Biomed Appoints Steve Quinn as VP Business Development

BioTech 365

Mainz Biomed Appoints Steve Quinn as VP Business Development Mainz Biomed Appoints Steve Quinn as VP Business Development Highly experienced diagnostics business development executive appointed to lead growth initiatives across international markets and drive international sales of ColoAlert at-home screening … Continue reading →

article thumbnail

Aqilion and Merck partner to develop TAK1 protein inhibitors

Pharmaceutical Technology

Under the deal, Aqilion will receive $10.6m (€10m) in upfront cash payment from Merck and also eligible for up to $1,015m (€950m) in potential development and commercialisation milestone payments, along with tiered royalties on global net sales.

Protein 147