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BioWorld - Monday, February 23, 2026
Home » Topics » Deals and M&A

Deals and M&A
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Neurosoft's SOFT ECoG Subdural Electrode

Neurosoft partners with Science Corp. to advance BCI system

Feb. 23, 2026
By Shani Alexander
No Comments
Neurosoft Bioelectronics SA has signed an agreement with Science Corp. to gain access to its full stack of clinical-grade neural recording tools as it looks to advance its brain-computer interface (BCI) system.
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Acquisition puzzle

Gilead brings Arcellx fully under the fold for $7.8B

Feb. 23, 2026
By Brian Orelli
No Comments
Gilead Sciences Inc. is acquiring partner Arcellx Inc. at a value of up to $7.8 billion, consisting of $115 per share up front and a potential payment of $5 per share through a contingent value right.
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Illustration of CTLA-4 protein structure
Newco news

Harbour Biomed spins out newco in $1.2B CTLA-4 deal

Feb. 23, 2026
By Tamra Sami
No Comments
Harbour Biomed is spinning out newco Solstice Oncology and is outlicensing its CTLA-4 antibody, porustobart (HBM-4003), to the newco in a cash and equity deal worth more than $1.2 billion.
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Novartis sells India subsidiary to private equity firm for $159M

Feb. 23, 2026
By Marian (YoonJee) Chu
No Comments
Swiss pharmaceutical giant Novartis AG is selling off its India-listed business unit, Novartis India Ltd. (NIL), to a private equity-led consortium for about ₹14.46 billion (US$159.3 million) as it seeks to grow with “pure-play innovation.”
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CSL headquarters in Melbourne, Australia

CSL taps Lilly to de-risk IL-6 drug following dismal earnings

Feb. 19, 2026
By Tamra Sami
No Comments
CSL Ltd. is out-licensing its interleukin-6 (IL-6) monoclonal antibody, clazakizumab, to Eli Lilly and Co. in a deal that brings CSL $100 million in up-front fees. A CSL spokesperson told BioWorld the deal includes undisclosed milestone payments and sales-based royalties. CSL will retain rights to develop and commercialize clazakizumab for prevention of cardiovascular events in patients with end-stage kidney disease, while Lilly will explore the MAb in all other indications.
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Handshake with digital globe overlay

Gilead-Genhouse's $1.5B+ deal boosts synthetic lethality push

Feb. 18, 2026
By Tamra Sami
No Comments
Gilead Sciences is stepping deeper into synthetic lethality, licensing a clinic-ready MAT2A (methionine adenosyltransferase 2a) inhibitor from Suzhou, China-based Genhouse Bio Co. Ltd. in a deal worth up to $1.53 billion.
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Stock chart with uptrend line graph

Merger deal renews Faeth in Sensei; Piktor brightens, stock jumps

Feb. 18, 2026
By Randy Osborne
No Comments
Less than four months after company officials said they would explore options to find ways of maximizing shareholder value, Sensei Biotherapeutics Inc. disclosed the buyout of Faeth Therapeutics Inc. by way of a stock-for-stock deal – news that sent shares (NASDAQ:SNSE) to a closing price Feb. 18 of $26.25, up $17.12, or 187.5%.
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Scientists shaking hands in the lab
Immune

Asahi Kasei Pharma acquires rights to Alchemedicine compounds

Feb. 17, 2026
No Comments
Alchemedicine Inc. and Asahi Kasei Pharma Corp. have entered into an exclusive license agreement on lead HiSAP (high solubility and permeability) compounds owned by Alchemedicine.
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Deal handshake and arrows sketch on chalkboard
Biopharma deals January 2026

Strong start to 2026 signals continued momentum in biopharma deals

Feb. 13, 2026
By Amanda Lanier
No Comments
Biopharma dealmaking continued its momentum into 2026, with January logging $31.16 billion in total value. That figure outpaced January 2025’s $28.63 billion and exceeded the 2025 monthly average of $24.38 billion. In addition, January 2026 ranks as the highest first month in the past eight years.
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Madrigal adds siRNA approach to MASH pipeline in $4.4B Ribo deal

Feb. 11, 2026
No Comments
Continuing to build on the successful launch of Rezdiffra (resmetirom), Madrigal Pharmaceuticals Inc. is adding six preclinical-stage siRNA therapies to its metabolic dysfunction-associated steatohepatitis (MASH) pipeline in a deal with Ribo Life Science Co. Ltd. and its subsidiary, Ribocure Pharmaceuticals AB, that could be worth $4.4 billion if all milestones are achieved.
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