Financing - October 9, 2026
Orexo plans SEK 250 million rights issue
Orexo's board has resolved on a rights issue of about SEK 250 million, subject to approval at an extraordinary general meeting on November 6. The money is mainly for the company's development programs, including the first pivotal trial of OX640.
Pharma Business - October 8, 2026
Orion signs pembrolizumab biosimilar deal and starts first biologic trial
Finnish Orion Pharma has signed an agreement with Qilu Pharma Europe for a pembrolizumab biosimilar for the European market. A day earlier, it dosed the first patient with ODM-216, its first biologic drug candidate to reach clinical testing.
Biotech Business - October 6, 2026
Beactica selects first-in-class TEAD degrader
Beactica Therapeutics has selected BEA-28 as a preclinical candidate in its TEAD program, which aims to develop new therapies for aggressive, hard-to-treat solid tumors, including cancers that have become resistant to existing treatments.
Global report - October 6, 2026
AstraZeneca opens USD 1 billion R&D center in Kendall Square
AstraZeneca has opened its newest global strategic R&D center in Kendall Square, Cambridge, Massachusetts. It is part of a USD 1 billion investment that will grow the company's workforce in the state by more than 50%.
Pharma Business - October 6, 2026
FDA extends review of Novo’s denecimig
The US FDA has extended its review of Novo's Biologics License Application for denecimig in haemophilia A, citing ongoing remediation work at a manufacturing facility. No new timeline for a decision has been communicated.
Pharma Business - October 1, 2026
Novo cuts Wegovy price in Sweden by 20%
Novo has cut the price of its obesity drug Wegovy in Sweden by 20%, effective October 1. Patients currently pay for the treatment out of pocket, and the company says the cut is meant to help more people stay on treatment over time.