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Good morning. Let’s get straight to the news.
The need-to-know this morning
- Bristol Myers Squibb said Zenbexus, recently granted FDA accelerated approval to treat multiple myeloma, reduced the risk of disease progression by 51% compared to standard therapy in a Phase 3 trial.
- Generic drugmaker Viatris said it will acquire Pacira Biosciences, maker of non-opioid pain therapies, for $1.65 billion.
Roche goes beyond licensing in deal with Chinese biotech
Over the past few years, pharma companies have flocked to China to license existing drug candidates. Roche is taking a new approach, partnering with Chinese startup Defand Therapeutics to discover new medicines.