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I am at the Association of the British Pharmaceutical Industry's annual meeting in London today. For the first time this year, it has a so-called investment zone, a potential signal on how the region is proactively looking to attract drugmakers as they pledge billions to move to the US. |
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Anna Brown |
Biopharma Breaking News Reporter, Endpoints News
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Image rendering of AbbVie's Durham, NC, campus (Credit: AbbVie) |
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by Anna Brown
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AbbVie has provided new details about its $100 billion pledge to the US, budgeting $1.4 billion for its first manufacturing campus in North Carolina. Construction of the 185-acre campus in Durham, NC, will start this year with the aim of finishing by late 2028, before the end of President Donald Trump’s term. The White House has recently pushed drugmakers to finish construction of their pledged facilities during Trump's tenure, otherwise they could face tariffs. Companies currently building in the US face 20% tariffs, but this will increase to 100% if the builds aren't completed by January 2029. The campus, located near Research
Triangle Park, will use artificial intelligence to manufacture AbbVie's immunology, neuroscience and oncology drugs, according to the Wednesday release. The site will create 734 new jobs. | |
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by Anna Brown
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Biovac’s new vaccine factory in Cape Town, which is expected to make up to 400 million vaccines per year, has secured financing from the European Investment Bank, the European Commission and the International Finance Corporation. The total cost of the facility will be $180 million, Biovac’s CEO Morena Makhoana
told Endpoints News in an email. The factory will be located at Biovac's campus in Pinelands, Cape Town. The facility will initially make oral cholera vaccines and will expand into polio, pneumonia and meningitis vaccines. Once completed, the site will produce between 30 and 40 million cholera vaccine doses per year, which will address around 40% of the global cholera vaccine supply gap. | |
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In November, President Donald Trump announced deals with pharmaceutical giants Eli Lilly and Novo Nordisk to lower the prices of some popular weight loss drugs (Andrew Caballero-Reynolds/AFP via Getty Images) |
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by Max Bayer
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The Centers for Medicare and Medicaid Services has delayed a key pilot program focused on Medicare coverage for obesity medications, after insurance plans indicated they wouldn’t participate at this time. Abe Sutton, head of the Center for Medicare and Medicaid Innovation, told Endpoints News in an interview Thursday
that health plans were hesitant to join the pilot, citing instability in the Medicare Part D market and unknown utilization of the drugs. “They shared with us that it was important that we take a beat and give them a chance to collect data so that they could underwrite this effectively in a future time period,” Sutton said. | |
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by Anna Brown
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Plus, news about Avonik, a supply chain transparency bill and Nucleus RadioPharma: 💰 Amneal Pharmaceuticals to acquire biosimilar maker for $375M upfront: The generics and specialty drugmaker is set to buy Kashiv Biosciences in a deal that has up to $350 million in milestone payments. The transaction is expected to close in the second half of the year. 🇰🇷 Samsung Bio reports Q1 revenue as workers rally: Samsung Biologics on Wednesday said it pulled in 1.3 trillion Korean won ($878 million) in revenue for the first quarter of 2026, up 26% from the same period last year. The CDMO said the revenue uptick was driven by full “utilization” across its Plants 1 through 4. The report comes as the CDMO’s labor union held a 2,200-person rally on the same day over wage negotiations. Workers will strike on May 1 if Samsung Bio’s management continues to reject negotiations, the union said in a statement. | |
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Lord Patrick Vallance, the UK's Minister for Science, Research and Innovation, speaking at Boehringer Ingelheim's Monday event announcing its AI facility in King's Cross (Credit: Boehringer Ingelheim) |
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by Anna Brown
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LONDON – Boehringer Ingelheim is growing its artificial intelligence arm to the UK by building a new hub in central London and investing £150 million over the next 10 years. The AI hub will be in the Knowledge Quarter in King’s Cross, which is also home to AI units for other drugmakers like BioNTech and Novo Nordisk. The area is also a key location for companies like OpenAI, Google, Meta and BenevolentAI. Once complete, the German drugmaker’s AI hub will focus on very early
disease biology, Nicola Richmond, Boehringer’s head of AI and machine learning, told Endpoints News in an interview. “The vision is that we build AI foundational capabilities that help our scientists better understand disease,” she added. | |
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by Kyle LaHucik
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A new HIV treatment will soon come to market, and it will spearhead Merck’s attempt to be one of the leading drugmakers in a field many biotechs have deserted. The FDA
greenlit Merck’s once-daily pill for adults with HIV-1 who are virologically suppressed, as a replacement for their current antiretroviral regimen. The US regulator approved Idvynso on Monday, according to an update to the FDA database on Tuesday. It came a week in advance of an April 28 PD |
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