Tag: biotech

Eli Lilly to Buy Merida Biosciences for Up to $2.88 Billion in Cash

Eli Lilly will acquire autoimmune drugmaker Merida Biosciences for up to $2.88 billion in cash, expanding its immunology pipeline.

Definium Therapeutics Stock Jumps 20% on LSD Anxiety Drug Trial Success

Definium Therapeutics shares soared about 20% after positive Phase 3 results for its LSD-based anxiety treatment, a milestone for psychedelic medicine.

AbCellera Launches $200 Million Stock Offering, Pulling Shares Down After 44% Surge

AbCellera Biologics shares reversed after the company launched a $200 million public offering, unwinding a 44% rally driven by its hot flash treatment prog

Vertex Shares Climb as Rival Sionna’s Cystic Fibrosis Drug Fails Key Trial

Vertex Pharmaceuticals shares surged after rival Sionna Therapeutics saw its stock plunge roughly 90% on a failed cystic fibrosis drug trial.

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