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Deals And M&A NEWS

Wave Life Sciences Ltd. has landed a $40 million up-front payment from Pfizer Inc. in a collaborative deal to develop genetically targeted therapies for metabolic diseases.

DUBLIN – Sanofi SA CEO Olivier Brandicourt turned up the heat on Medivation Inc. Thursday, by publicly releasing another letter to the company's board in support of its $9.3 billion cash bid.

Eight years after Ionis Pharmaceuticals Inc. selected then-independent Genzyme Corp. as the partner for its phase III lipid-lowering drug, mipomersen, in a potential $1.9 billion deal, the Carlsbad, Calif.-based company dealt the commercial asset, Kynamro, to start-up Kastle Therapeutics LLC for peanuts.

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