Biotech Business - October 6, 2026
Alvotech expands manufacturing capacity for US biosimilar supply
Icelandic biosimilar developer Alvotech has signed a long-term manufacturing agreement with LOTTE Biologics for US-based production. A day earlier, the FDA approved a second production suite in Reykjavik for its Humira biosimilar SIMLANDI.
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.
Financing - September 30, 2026
Breye Therapeutics raises EUR 67.5 million
Danish biotech Breye Therapeutics has closed an oversubscribed EUR 67.5 million Series A financing to advance danegaptide, its first-in-class oral treatment for non-proliferative diabetic retinopathy (NPDR), into a Phase II clinical trial.
New Market - September 29, 2026
FDA approves Egetis’ Emcitate
Egetis Therapeutics has received FDA approval for Emcitate (tiratricol), making it the first approved treatment in the US for patients with the rare genetic disease MCT8 deficiency. With the approval, the company also received a Rare Pediatric Disease Priority Review Voucher.
Collaboration - September 29, 2026
AstraZeneca takes USD 2 billion stake in Summit
The company is investing USD 2 billion in Summit Therapeutics and launching a clinical collaboration that will combine Summit's PD-1/VEGF bispecific antibody ivonescimab with AstraZeneca's antibody drug conjugates (ADCs), starting in gastrointestinal cancers.
Agreement - September 29, 2026
Novo licenses oral obesity candidate from Hengrui
The company has signed an exclusive license agreement with China's Hengrui Pharma for HRS-1596, a once-weekly oral GLP-1/GIP dual receptor agonist, in a deal worth up to USD 2.6 billion.