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Biotechs post record gains in November as outlook improves

Biotechs post record gains in November as outlook improves
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Beam-therapeutics
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Eli-lilly

AbbVie to acquire ImmunoGen, including cancer drug ELAHERE | Crain's Chicago Business

AbbVie to acquire ImmunoGen, including cancer drug ELAHERE | Crain's Chicago Business
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Pfizer drops weight-loss pill to rival Ozempic, Mounjaro

Shares in the COVID vaccine maker are expected to plumb five-year lows after Pfizer dropped development due to side effects like nausea and vomiting.

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Pfizer Pulls Experimental Twice-Daily Weight Loss Drug—Shares Slide 6% To Multiyear Low

Investors’ have lost their appetite for Pfizer (shares down about 40% this year) and turned their heads toward injectable weight loss drug makers Eli Lilly (shares up 60%) and Novo Nordisk (shares up 50%).

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AbbVie to Pay $10.1B for Cancer-Drug Maker ImmunoGen

AbbVie to Pay $10.1B for Cancer-Drug Maker ImmunoGen
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