Vertex to Acquire Crinetics for $10 Billion in Major Rare Disease Expansion
The deal adds PALSONIFY (paltusotine) and late-stage CAH therapy to Vertex’s portfolio.
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The deal adds PALSONIFY (paltusotine) and late-stage CAH therapy to Vertex’s portfolio.
FDA places clinical hold on REGENXBIO’s RGX-121 for Hunter Syndrome after asymptomatic spine MRI findings in 5 patients. Patients remain well; no near-term BLA resubmission.
PDD Holdings’ Q2 revenue reached $16.6B, missing estimates, while non-GAAP EPS of $2.85 beat consensus. Operating profit rose 8%, with strong cash flow lifting shares.
XPeng Q2 revenue hit RMB19.74B (+51.5% QoQ) but missed forecasts. Losses narrowed sequentially yet stayed elevated. Robotics unit Dogotix valued at $6.3B after $900M funding.