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Chinese biotech firms experienced an 18% increase in overseas deals in Q1 2025, completing 33 transactions worth a total of US$36.2 billion, up from 28 agreements the previous year. Notable deals included a collaboration between GeneQuantum, Biohaven, and AimedBio, as well as a US$4.7 billion partnership between Harbour BioMed and AstraZeneca focused on next-generation antibodies for immunology and oncology.
Deutsche Bank has reported positive data from Immunovant for Biohaven, highlighting its potential impact on the market. This development is seen as significant in the financial landscape, reflecting optimism around Biohaven's prospects.
AbbVie's schizophrenia drug emraclidine failed two mid-phase trials, performing no better than placebo, resulting in a $40 billion market cap loss for the company. This setback follows the recent approval of Bristol Myers Squibb's Cobenfy, the first new schizophrenia drug in decades, which boosted BMS's share price by 12%. The failure raises concerns for other companies developing similar drugs in the same class.
Averill Partners, a biopharma-focused long-short hedge fund, will stop accepting new investments starting November 1, having achieved a remarkable 385.8% return since its launch in early 2020. The fund, led by Kishen Mehta, has excelled through strategic short selling and currently manages $1.7 billion in assets. Averill Madison, a separate health care fund, remains open to new capital.
Biohaven Ltd.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Chinese biotech firms report 18 percent increase in overseas deals in Q1
13:20 04.04.2025
Immunovant data boosts Biohaven outlook according to Deutsche Bank
08:40 20.03.2025
setbacks in drug development impact schizophrenia and oncology markets
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averill partners closes to new investors after impressive fund performance
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