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Deal Watch: Seattle Genetics' Controversial Collaboration With Immunomedics Topples

 
• By Joseph Haas, Ian Haydock, Jung Won Shin, Brian Yang, and Lubna Ahmed

A licensing deal between the two cancer-focused biotechs falls apart amidst investor unrest at Immunomedics. Novartis opts to license Conatus' Phase II NASH candidate and picks up a CAR-T candidate from Celyad, while Shire adds to its dry eye franchise in deal with Parion.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Below is a roundup of some of the most noteworthy recent transactions. Deal Watch is supported by deal intelligence from Strategic Transactions.

A deal that would have brought Seattle Genetics Inc. a second antibody-drug conjugate alongside its Adcetris (brentuximab vedotin) instead...

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BREAKING NEWS: Merck & Co. Leaps Into COPD Space With $10bn Verona Buy

 
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The UK firm's chronic obstructive pulmonary drug Ohtuvayre has been enjoying a stellar launch.

Wave of Biopharma Licensing Deals in India: ‘The Model Is Working’

 
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Concentra Picks Up Cargo In Latest Troubled Biotech Buyout

 
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The Kevin Tang-led firm will pay $4.38 per share for Cargo, which laid off most of its workforce following the failure of a Phase II CAR-T trial.

In Brief: Concentra Snaps Up Struggling IGM Biosciences In Latest Biotech Deal

 
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Concentra Biosciences is acquiring struggling IGM Biosciences for $1.25 per share plus a contingent value right, with the deal expected to close in August 2025.

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Venture Funding Plummets In Q2 As Mega-Rounds Falter

 
• By Mandy Jackson

Evaluate’s second quarter data show that VC rounds of $100m or more totaled $2.36bn, down from $5.25bn in Q2 of 2024. Overall, the Q2 total dropped year-over-year to $4.92bn from $7.95bn.

Stock Watch: US CAR-T And Vaccine Actions: Net Negative For Access

 
• By Andy Smith

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Coartem Baby to be rolled out in eight African countries in the autumn.