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Stock impact report

JPM 26: Day 1 – drug prices and policy changes drive the agenda [Yahoo! Finance]

Revolution Medicines, Inc. (RVMD) 
Company Research Source: Yahoo! Finance
remarked on the absence of highly anticipated “mega-deals” thus far. But they also indicated that current market dynamics are providing an incentive for deals to take place. News reports have suggested Revolution Medicines and Abivax are in talks to be acquired, but no company has confirmed these reports as of 13 January. In the meantime, licensing deals — like between AbbVie and Remegen, or Novartis and SciNeuro — are providing a pathway for big pharma to develop and acquire new assets to strengthen their pipelines. During a discussion at the Biotech Showcase event, also held in San Francisco, David Jenkins, SVP and head of external innovation and research at Ipsen, said the mid-sized company has seen a lot more deals activity. Ipsen is deliberately not competing in the same space as the larger pharma companies for $10bn+ deals, but in the smaller ranges there is more competition, largely because companies need to fill pipelines, he added. Other macro factors are continuing to Show less Read more
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