Wells Fargo Upgrades GLUE, Jefferies Downgrades GBIO
Wells Fargo upgrades Monte Rosa Therapeutics on 2026 catalysts, while Jefferies downgrades Generation Bio due to its pending acquisition by Xoma.
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Novartis Makes Bold $12 Billion Move with Avidity Biosciences Acquisition in Largest Deal Under CEO Narasimhan
Novartis acquires Avidity Biosciences for $12 billion, gaining access to breakthrough RNA therapeutics for neuromuscular diseases as the Swiss drugmaker prepares for upcoming patent expirations on key drugs.
European Drugmakers Surge: Pfizer's US Pricing Deal Offers a Tariff Blueprint
Pfizer avoided US tariffs by offering big drug discounts (TrumpRx). This deal is a blueprint. European drug stocks (AstraZeneca, Roche) surged hoping for similar agreements to protect their crucial sales from Trump's 100% import tax threat.
Massive New Tariffs: How Trump’s Latest Duties Hit Drugs, Trucks, and Furniture
President Trump is hitting imports with massive new tariffs starting October 1st, targeting branded drugs (100%), heavy trucks (25%), and furniture.
Novartis Acquires Tourmaline Bio for Cardiovascular Therapy Development
Novartis acquires Tourmaline Bio for $1.4B, gaining pacibekitug, a Phase 3-ready anti-inflammatory drug for heart disease (ASCVD), targeting IL-6. This boosts Novartis's cardiovascular pipeline, addressing unmet needs in reducing residual inflammatory risk.
Novartis and Arrowhead Forge $2.2 Billion Alliance to Combat Parkinson's with RNAi Technology
Novartis partners with Arrowhead Pharmaceuticals for ARO-SNCA, an innovative RNAi therapy targeting alpha-synuclein for Parkinson's Disease. The deal includes a $200M upfront payment and up to $2B in potential milestones.