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Pharma Daily — September 9, 2026
Sep 8–9: 17 deal events, 0 FDA approvals, 12 queued readouts; Novartis's $12B Avidity bet hits a Phase 3 miss and Monte Rosa signs a $2.1B license.
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Sep 8–9: 17 deal events, 0 FDA approvals, 12 queued readouts; Novartis's $12B Avidity bet hits a Phase 3 miss and Monte Rosa signs a $2.1B license.
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Sep 7–8: $14.6B in disclosed totals, zero FDA approvals, and Novartis's $12B Avidity buyout's lead asset fails Phase 3. Monte Rosa licenses VAV1 degraders to Novartis.
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Sep 4–5: Menarini/Gan & Lee $771M GLP-1 deal, NeuShen $80M financing, Novartis Lp(a) miss — China-originated assets took 100% of disclosed dollars.
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Sep 3–4: GSK-Hutchmed $110M upfront license, Medicus $1B ADC deal, ivonescimab Phase 3 OS win — China-originated assets dominated both deal flow and the tape.