DEALS & FUNDINGRegeneron and Telix Partner on $4.3B Radiopharmaceutical Co-Development
A 50/50 partnership worth up to $4.3B pairs Regeneron's antibody discovery platform with Telix's radiopharmaceutical manufacturing and global supply chain. The deal signals that biologics giants see targeted radiotherapy as the next frontier in oncology.
Apr 13, 2026 · 6 min read
TOOL INTELLIGENCEEli Lilly Pays Eight Figures Annually for Chai Discovery's Biologics Design Model
In a landmark deal structure for AI drug discovery, Lilly commits a mid-eight-figure annual license fee to Chai Discovery for access to its biologics design foundation model. Separately, GSK pays $50M upfront to NOETIK for its oncology model. The era of AI-as-infrastructure-for-pharma is here.
Apr 12, 2026 · 7 min read
DEALS & FUNDINGBiogen Acquires Apellis for $5.6B, Expanding Beyond Neuro into Immunology
Biogen's tender offer for Apellis Pharmaceuticals adds Empaveli and Syfovre (combined ~$689M 2025 revenue) and a nephrology pipeline, diversifying beyond its slowing MS franchise. The deal signals complement-pathway biology is now worth blockbuster acquisition prices.
Mar 31, 2026 · 6 min read