Novartis Inks Second Molecular Glue Deal With Monte Rosa Worth Up to $5.7 Billion

Novartis; Monte Rosa Therapeutics; molecular glue degraders; $5.7 billion deal; drug discovery; immunology; QuEEN platform; autoimmune diseases; upfront payment; royalties; collaboration

Intercept Withdraws Ocaliva from US Market After FDA Safety Concerns

Intercept Pharmaceuticals; Ocaliva; liver disease; primary biliary cholangitis; FDA; drug withdrawal; safety concerns; liver injury; clinical trial hold; regulatory setbacks

Merck Moves All R&D Operations Out of UK, Citing Unfavorable Environment

Merck; MSD; R&D relocation; UK life sciences; drug discovery; Brexit impact; London Bioscience Innovation Centre; Francis Crick Institute; government investment; layoffs

Avidity Touts Functional Improvements for DMD Therapy, Clearing Way to FDA

Avidity Biosciences; del-zota; DMD; Duchenne muscular dystrophy; FDA approval; functional improvements; exon 44 skipping; Breakthrough Therapy; clinical trial; BLA submission