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BioWorld - Saturday, December 13, 2025
Home » Topics » Deals and M&A

Deals and M&A
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Antibodies and red blood cells

Zaltenibart jump starts Omeros in $2.1B Novo PNH deal

Oct. 15, 2025
By Randy Osborne
No Comments
Paroxysmal nocturnal hemoglobinuria (PNH) – the rare blood disorder characterized by premature destruction of red blood cells – found itself in the spotlight, as did shares of Omeros Corp. (NASDAQ:OMER), which closed Oct. 15 at $10.42, up $6.32, or 154%, on word of an asset purchase and license agreement with Novo Nordisk A/S for zaltenibart (formerly OMS-906).
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Johnson & Johnson signage

Johnson & Johnson plans orthopedics break up

Oct. 14, 2025
By Annette Boyle
Breaking up isn’t so hard to do, it seems. Just two years after spinning off its consumer products as Kenvue Inc., Johnson & Johnson aims to part ways with its orthopedics unit, which will take up the Depuy Synthes name first created when Synthes Inc. married into the J&J Depuy ortho unit in 2012 for a tidy sum of $19.7 billion. Depuy was itself acquired in 1998.
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Bedfont Scientific NObreath device

Keensight Capital acquires majority stake in Bedfont Sci

Oct. 14, 2025
By Shani Alexander
Private equity firm Keensight Capital acquired a majority stake in Bedfont Scientific Ltd. in a move that will allow the company to expand the use of its devices for breath analysis and monitoring worldwide. Although the value of the deal was undisclosed, Keensight typically invests in profitable companies generating revenues in the range of €10 million to €400 million.
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Histosonics Edison

Histosonics expands to Japan with Gunze pact

Oct. 14, 2025
By Marian (YoonJee) Chu
Histosonics Inc. signed an exclusive distribution agreement with Gunze Medical Ltd. to bring its novel histotripsy-based therapeutic model, the Edison System, to Japan. The strategic alliance with Gunze Medical, a wholly owned subsidiary of Osaka, Japan-based Gunze Ltd., paves a figurative runway for Histosonics to introduce its Edison platform in Japan — one of Asia’s largest medical device markets.
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Biopharma deals September 2025

M&As slow as biopharma dealmaking value jumps 32% in September 2025

Oct. 14, 2025
By Amanda Lanier
No Comments
Biopharma dealmaking was up 32% month over month in September, reaching $27.15 billion in total value, up from $20.52 billion in August. It was the fourth-highest month for deals of the year, which through the month average $23.6 billion a month. Year-to-date deal value (January through September) reached $212.44 billion, surpassing the nine-month totals of all previous years.
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Glass globe with documents and pen

Zenas gets global rights for Innocare BTK inhibitor in $2B+ deal

Oct. 14, 2025
By Lee Landenberger
No Comments
In a deal that could top $2 billion, China-based Innocare Pharma Ltd. licensed the exclusive worldwide development and commercialization rights to the BTK inhibitor orelabrutinib to Zenas Biopharma Inc. for multiple sclerosis and other indications aside from oncology.
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Hand pointing at digital M&A screen

Low frequency sounds good to Biocryst in $700M Astria HAE buy

Oct. 14, 2025
By Randy Osborne
No Comments
Biocryst Pharmaceuticals Inc.’s near-term dilution should “pave the way for entrenchment” in the hereditary angioedema (HAE) space, thanks to the buyout of Astria Therapeutics Inc., RBC analyst Brian Abrahams said.
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Gold wireframe handshake
Drug design, drug delivery & technologies

Nabla Bio and Takeda enter new research collaboration

Oct. 14, 2025
No Comments
Nabla Bio Inc. has established a new multiyear research collaboration with Takeda Pharmaceutical Co. Ltd. to advance AI-driven design of protein therapeutics.
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Biopharma deals September 2025

M&As slow as biopharma dealmaking value jumps 32% in September 2025

Oct. 10, 2025
By Amanda Lanier
No Comments
Biopharma dealmaking was up 32% month over month in September, reaching $27.15 billion in total value, up from $20.52 billion in August. It was the fourth-highest month for deals of the year, which through the month average $23.6 billion a month. Year-to-date deal value (January through September) reached $212.44 billion, surpassing the nine-month totals of all previous years.
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CAR T cell with implanted gene strand

CAR Ts for autoimmune ramp up: BMS buying Orbital for $1.5B

Oct. 10, 2025
By Karen Carey
No Comments
Eight years after Novartis AG gained U.S. FDA approval of the first CAR T therapy, Kymriah (tisagenlecleucel), for B-cell acute lymphoblastic leukemia, developers are advancing prospects that could significantly impact another disease space outside of cancer – autoimmunity. The efforts are getting a swirl of attention, with Bristol Myers Squibb Co. (BMS) announcing Oct. 10 that it would offer $1.5 billion in cash to buy three-year-old privately held Orbital Therapeutics Inc., including its lead, next-generation CAR T-cell therapy OTX-201, which is designed to reprogram cells in vivo for autoimmune diseases.
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