GSK acquires oligonucleotide drug startup Elsie

Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. British drugmaker GSK is investing further in nucleic acid drug development, reaching a deal to buy the San Diego-based Elsie Biotechnologies for as much as $50 million. GSK announced the deal Thursday, almost one year after beginning…

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Lilly CFO leaves to join Alphabet

Dive Brief: Anat Ashkenazi will leave Eli Lilly’s executive suite at the end of July to become CFO and senior vice president of Google and Alphabet, the companies said Wednesday. Ashkenazi has been CFO at Lilly since 2021 and originally joined the company in 2001. Over her 23-year career at the Indianapolis-based drugmaker, Ashkenazi also…

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Illumina board approves Grail spinoff

Dive Brief: Illumina’s board of directors has approved a spinoff of Grail, targeting June 24 as the date the cancer blood test maker will regain its independence. Illumina agreed to divest the business it bought for $8 billion in 2021 after facing pressure from U.S and European antitrust regulators and activist investor Carl Icahn. Illumina,…

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