BioCentury

Current Editions

January 12, 2026
2025 FDA approvals: Innovation holds steady in first year under new leadership

FDA approved 46 new molecular entities and 10 new biologics in 2025

Regulation

Suppressor tRNAs: Giving genetic medicines a broader reach

From preclinical therapies to David Liu’s one-time approach, new tools aim to bypass stop codons across a wide range of diseases

Product Development

The split-screen story of 2026: a letter from the Editor

Good news and optimism will play out alongside continued uncertainty and disruption

Editor's Commentary

$1B-plus biotech takeouts: 2025 biggest year in last decade

With overall M&A activity steady, $1B-plus deals accounted for more than half of all biotech takeouts in 2025

Finance

Bain Capital’s Adam Koppel on private equity’s role in biotech

Koppel shares his expectations for financial markets, dealmaking in 2026

Finance

Product Development

Alumis’ Phase III TYK2 data intensify psoriasis efficacy contest

Phase III psoriasis results position envudeucitinib among leading oral therapies as Alumis plans a $175M follow-on

Arrowhead siRNA data in obesity mark POC for adipose delivery 

Biotech looks to raise $700M as its ALK7 data stand out and INHBE results track with peers

Emerging Company Profile

ENA Respiratory: Boosting prophylactic immunity with a pan-viral nasal spray

By priming the host immune system, Australian biotech aims to stop upper respiratory viruses in their tracks

Data Byte

At least six PDUFA dates on FDA’s January calendar

Decisions include first sublingual epinephrine for allergic reactions

FDA approves seven NMEs in December

2025 total hit 46, down from 50 in 2024

Deals not waiting for JPM

Year off to a busy start with flurry of deals announced this week

Discovery & Translation

Science Spotlight: Thwarting melanoma immune evasion

BioCentury’s translational roundup also features methods to profile off-target base edits, turn macrocycles into antibodies, and more

Politics, Policy & Law

Biosecure is in the Trump administration’s hands

Decisions on designating companies, implementation policies will determine law’s impacts

Deals

Lilly acts on ‘expansion plans’ in neuroscience, immunology via $1.2B Ventyx takeout

Pair of NLRP3 programs appear to drive the deal, with potential in pericarditis, Parkinson’s and obesity-associated cardiometabolic disease

Haisco steps onto global stage with blue chip NewCo deal

AirNexis formed with $200M round led by Frazier to develop COPD asset to compete with Merck

Amgen adds AML candidate in deal for U.K.-based Dark Blue: Deals Report

Plus: Sanofi, Earendil in second tie-up; AbbVie takes option to trispecific from China-based Zelgen; and more

Finance

Private biotechs draw $2B in huge fundraising week: Venture Report

Megarounds for seven start-ups amid torrent of cash ahead of industry conference

Warm welcome for Aktis could open up IPO queue: Public Equity Report

Plus: Basket of follow-ons draws $2B+ for seven companies

Biopharma Stock Performers

Use BioCentury's interactive dashboard to view top-performing biopharma stocks for the day and the week.

BioCentury ISSN 1097-7201