Illumina admins got extra assurance to close Grail deal

Carl Icahn speaking at Delivering Alpha in New York on September 13, 2016. David A Grogan | CNBC Carl Icahn claimed Friday that Illumina directors demanded additional personal liability insurance before the biotech company signed a $7.1 billion acquisition of cancer test developer Grail in 2021. The claim is the latest development in a proxy … Read more

FDA advisers reject accelerated approval of Biogen’s ALS drug

The FDA’s independent panel of advisors voted against fast-tracking approval of Biogen’s investigational ALS drug for a rare and aggressive form of the disease. The vote is not binding on the FDA, although the agency often follows the advice of the panel. He will make his final decision on April 25. The drug tofersen was … Read more

Moderna to price its Covid-19 vaccine at $130 a dose

Modern Inc. mRNA -0.78% will cost its Covid-19 vaccine about $130 a dose when it transitions to commercial vaccine distribution later this year, far more than the federal government has paid. The plans have fueled criticism of the company from lawmakers who explored the cost of the shootings during a Senate hearing on Wednesday. The … Read more

Chinese companies and tycoons rush to calm investors after SVB collapse sparks anxiety

hong kong CNN — The collapse of Silicon Valley Bank (SVB), which courted Chinese start-ups, has sparked widespread concern in China, where a series of founders and companies have rushed to appease investors claiming their exposure is insignificant or non-existent. SVB, which worked with nearly half of all venture capital-backed tech and healthcare companies in … Read more