Pharmaceuticals

The transaction is expected to close later this year.

J&J to buy cancer drug technology developer Firefly Bio for US$1 billion

JOHNSON & Johnson said on Monday (Jun 8) it will acquire biotech Firefly Bio for US$1 billion in cash, as it looks to expand its cancer drug pipeline.

In what appears to be a first, a presentation of a clinical trail conducted exclusively in China will be a headliner at this year's American Society of Clinical Oncology meeting.

China’s rise in drug development looms over US

China’s ascendence as a drug development powerhouse could threaten US biotechnology

A pharmaceutical firm in India has launched a weight-loss injection that costs from 1,290 rupees (S$17) a month.
THINKING ALOUD

A GLP-1 tsunami is headed for the vice industry. Good.

A new wave of cheap weight-loss drugs heralds an existential crisis for the sin economy

Sun Pharma, valued at more than US$40 billion, plans to fund the acquisition through a combination of available cash resources and committed financing from banks.

India’s Sun Pharma to buy US-listed Organon in about US$11.8 billion deal

Sun Pharma will buy all the outstanding shares of Organon for US$14 per share

Zuellig Pharma’s Changi warehouse and distribution centre in Singapore, established in 2009.

Competition watchdog seeks public feedback on Zuellig Pharma-Eli Lilly deal

Pact includes Zuellig Pharma getting exclusive rights to make erectile dysfunction drug Cialis in Singapore

The transaction will strengthen Novartis’ presence in the market of immunology in food allergy.

Novartis to buy US-based biotech firm Excellergy for up to US$2 billion

The transaction is expected to close in the second half of 2026

Pfizer secured China rights to the therapy from local startup Hangzhou Sciwind Bioscience in a US$495 million deal in late February.

Pfizer secures China nod for obesity drug as generics loom

Pfizer now enters a field dominated by multinational rivals

Executives of Gilead have made it clear the company is hunting for deals to supplement its core portfolio of antivirals into cancer and other areas.

Gilead to buy US biotech Arcellx for up to US$7.8 billion

The US drugmaker seeks to boost its cancer drug pipeline

Walgreens plans to shutter fewer than 100 locations this year, fewer than previously planned, and open four new ones, a company spokesperson says.

Walgreens cuts hundreds of jobs after private equity buyout

The pharmacy chain is also slowing down its store closures