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J&J takes $13.6 billion charge

Johnson & Johnson said it would take a $13.6 billion charge related to the new U.S. tax law and plans to bring back billions of dollars from overseas immediately.

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Biotech M&A takes off: Sanofi, Celgene spend $20B

Biotech deal activity exploded with French drugmaker Sanofi and U.S.-based Celgene spending a combined total of more than $20 billion to add new products to their medicine cabinets.

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Nuvo Acquires Product Rights from Piedmont

Nuvo Pharmaceuticals acquired the U.S. rights to Resultz head lice treatment from Piedmont Pharmaceuticals.

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Teva Board Members Take 50 Percent Pay Cut

Teva Pharmaceutical Industries’ board of directors agreed to take a 50 percent pay cut.

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U.S. pharma executives expect deals to pick up

The Trump administration’s tax overhaul should accelerate major acquisitions by drugmakers in 2018, say senior execs from some of the largest manufacturers.

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Ablynx Turns Down Novo Nordisk’s Sweetened $3.1 Billion Bid

Novo Nordisk A/S has twice made a bid to acquire Ablynx NV, and twice been rejected.

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Celgene to Acquire Impact Biomedicines

Celgene Corporation will acquire Impact Biomedicines – which is developing fedratinib for myelofibrosis and polycythemia vera – for $1.1 billion upfront.

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Denali Scores $1B+ Alzheimer’s Deal With Takeda

Takeda CEO Christophe Weber is sticking to his game plan of actively hunting deals that will expand its global presence and create a stronger international profile.

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Takeda Takes Out TiGenix in $630 Million Deal

Shares of Belgium-based TiGenix NV shot up after Japan’s Takeda Pharmaceutical opted to acquire the company for $630 million.

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Pernix Cuts 22 Percent of Workforce in Reorganization

Pernix Therapeutics is undergoing a reorganization that includes the termination of a number of sales representatives.

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