Mid-Sized Pharmas Mostly Seeing Valuations Rise During Pandemic
Six of seven mid-sized companies enjoyed valuation increases over the first quarter, with four firms up by 7.5% or more. Some are benefiting from direct involvement in addressing the COVID-19 pandemic.
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Biopharma Deal Value, Volume Tumbled Substantially During First Half
A PwC analysis finds biopharma aggregate deal value declined 87% during the first half compared to the second half of 2018; deal volume dropped 17%. The pandemic was a cause, but not the only factor.
EU Approval Nod Possible For Novartis, Gilead/Galapagos, and Janssen
The May meeting of the European Medicines Agency’s drug evaluation committee, the CHMP, is under way. Decisions are due on whether eight marketing approval applications should be approved for marketing in the EU.
Incyte Approval In Subset Of Cholangiocarcinoma May Lead To Bigger Opportunities
Biotech hopes this initial approval will be followed by approvals of Pemazyre in bladder cancer, first-line cholangiocarcinoma and possibly even a tumor-agnostic indication for FGFR-mutated cancers.